# LCG Capital Advisors, LLC X-17A-5 (2023-02-22) — Broker-dealer annual report - Company: LCG Capital Advisors, LLC - Form: X-17A-5 - Filed: 2023-02-22 - Period: 2022-12-31 - Accession: 0001267937-23-000001 - CIK: 1267937 - File #: 8-66213 - Type: Broker-dealer - Material weakness: No - Auditor: Assurance Dimensions - Auditor location: Margate, FL - Contact: Ana R Carter - Phone: 8134421645 - Website: lcgadvisors.com - Signed by: Craig Little (CCO) Original filing: https://www.sec.gov/Archives/edgar/data/1267937/000126793723000001/lcg2022.pdf --- {0}------------------------------------------------ | | | UNITED STATES
Washington, D.C. 20549 | SECURITIES AND EXCHANGE COMMISSION | | 0 MB APPROVAL
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12 | | | | ANNUAL REPORTS | | | SEC FILE NUMBER | | | | FORM X-17A-5 | | | 8-66213 | | | | PART Ill | | | | | | | FACING PAGE | | | | | Information Required Pursuant to Rules 17a-S, 17a-12, and lSa-7 under the Securities Exchange Act of 1934 | | | | | | | FILING FOR THE PERIOD BEGINNING | | ___
0_1_/0_1_/2_2 ___ | AND ENDING | ___ | __
12_/_3_1_/2_2
_ | | | | MM/DD/YY | | | MM/DD/VY | | | | A. REGISTRANT IDENTIFICATION | | | | | NAME OF Fl RM : | ______ | L_C_G_C_a__,_p_it_a_l A_d_v_is_o_r_s.:_, _LL_C | | | ________
_ | | TYPE OF REGISTRANT (check all applicable boxes):
Qt Broker-dealer
D Check here if respondent is also an OTC derivatives dealer | D Security-based swap dealer | | D Major security-based swap participant | | | | ADDRESS OF PRINCIPAL PLACE OF BUSINESS: (Do not use a P.O. box no.) | | | | | | | | | | 201 E Kennedy Blvd, Ste 1700 | | | | | | (No. and Street) | | | | | Tampa | | FL | | | 33602 | | (City) | | (State) | | | (Zip Code) | | PERSON TO CONTACT WITH REGARD TO THIS FILING | | | | | | | Ana R. Carter | 813-442-1645 | | aca rter@lcgad visors_ com | | | | (Name) | | (Area Code - Telephone Number) | | (Email Address) | | | | | B. ACCOUNTANT IDENTIFICATION | | | | | INDEPENDENT PUBLIC ACCOUNTANT whose reports are contained in this filing* | | | | | | | | | Assurance Dimensions | | | | | | | | (Name - if individual, state last, first, and middle name) | | | | 2000 Banks Road, Suite 218 | | Margate | | FL | 33063 | | | | (City) | | (State) | (Zip Code) | | | | | | | | | (Address)
04/13/2010 | | | | 5036 | [PCAO B R,g;,t,afoo N,mbe,, ;r appn~ble[ I | account ant must be supported by a stat ement of facts and circumstances relied on as the basis of the exemption. See 17 CFR 240.17a-S(e)(l )(ii), if applicable. Persons who are to respond to the collection of information contained in th is form are not required to respond unless the form displays a currently valid 0MB control number. {1}------------------------------------------------ #### **OATH OR AFFIRMATION** | I, | Craig Little | | | swear (or affirm) that, to the best of my knowledge and belief, the | |--------|-----------------------------------------------------------------------------------------------|----|-------------------------------------------------------------------------------------------------|---------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------| | | financial report pertaining to the firm of | 2~ | | as of
LCG Capital Advisors, LLC | | | December 31 | | | is true and correct. I further swear (or affirm) that neither the company nor any | | | | | | partner, officer, director, or equivalent person, as the case may be, has any proprietary interest in any account classified solely | | | as that of a customer. | | | | | | | I) | JOSEPH R. TISDALE
Notary Public
State of Florida
Comm# HH343S34
ExplNJ 'l,/5/20'1.7 | cco | | | | | | | | 0 | This filing** contains (check all applicable boxes):
(a) Statement of financial condition. | | | | | D | (b) Notes to consolidated statement of financial condition. | | | | | | | | | QI (c) Statement of income (loss) or, if there is other comprehensive income in the period(s) presented, a statement of | | | comprehensive income (as defined in§ 210.1-02 of Regulation S-X). | | | | | 0 | (d) Statement of cash flows. | | | | | 0 | (e) Statement of changes in stockholders' or partners' or sole proprietor's equity. | | | | | | □ (f) Statement of changes in liabilities subordinated to claims of creditors. | | | | | 0 | (g) Notes to consolidated financial statements. | | | | | | | | | ca (h) Computation of net capital under 17 CFR 240.1Sc3-1 or 17 CFR 240.18a-1, as applicable. | | D | (i) Computation of tangible net worth under 17 CFR 240.18a-2. | | | | | 0 | | | | (j) Computation for determination of customer reserve requirements pursuant to Exhibit A to 17 CFR 240.1Sc3-3. | | D | Exhibit A to 17 CFR 240.18a-4, as applicable. | | | (k) Computation for determination of security-based swap reserve requirements pursuant to Exhibit B to 17 CFR 240.1Sc3-3 or | | D | (I) Computation for Determination of PAB Requirements under Exhibit A to§ 240.1Sc3-3. | | | | | 0 | | | | (m) Information relating to possession or control requirements for customers under 17 CFR 240.1Sc3-3. | | D | | | | (n) Information relating to possession or control requirements for security-based swap customers under 17 CFR | | | 240.1Sc3-3(p)(2) or 17 CFR 240.18a-4, as applicable. | | | | | D | | | | (o) Reconciliations, including appropriate explanations, of the FOCUS Report with computation of net capital or tangible net | | | | | | worth under 17 CFR 240.1Sc3-1, 17 CFR 240.18a-1, or 17 CFR 240.18a-2, as applicable, and the reserve requirements under 17 | | | | | | CFR 240.15c3-3 or 17 CFR 240.18a-4, as applicable, if material differences exist, or a statement that no material differences | | | exist. | | | | | D
0 | | | | (p) Summary of financial data for subsidiaries not consolidated in the statement of financial condition.
(q) Oath or affirmation in accordance with 17 CFR 240.17a-5, 17 CFR 240.17a-12, or 17 CFR 240.18a-7, as applicable. | | 0 | | | | (r) Compliance report in accordance with 17 CFR 240.17a-5 or 17 CFR 240.18a-7, as applicable. | | 0 | | | | (s) Exemption report in accordance with 17 CFR 240.l 7a-S or 17 CFR 240.18a-7, as applicable. | | D | | | | (t) Independent public accountant's report based on an examination of the statement of financial condition. | | | | | | QI (u) Independent publ ic accountant's report based on an examination of the financial report or financial statements under 17 | | | CFR 240.17a-5, 17 CFR 240.18a-7, or 17 CFR 240.17a-12, as applicable. | | | | | 0 | | | | (v) Independent public accountant's report based on an examination of certain statements in the compliance report under 17 | - CFR 240.17a-5 or 17 CFR 240.18a-7, as applicable. **ca (w)** Independent public accountant's report based on a review of the exemption report under 17 CFR 240.17a-S or 17 CFR 240.18a-7, as applicable. - 0 (x) Supplemental reports on applying agreed-upon procedures, in accordance with 17 CFR 240.1Sc3-l e or 17 CFR 240.17a-12, as applicable. - D (y) Report describing any material inadequacies found to exist or found to have existed since the date of the previous audit, or a statement that no material inadequacies exist, under 17 CFR 240.17a-12(k). □ (z) Other:------------------------------ - ---- ----- - - *\*\*To request confidential treatment of certain portions of this filing, see 17 CFR 240.17a-5(e}(3) or 17 CFR 240.18a-7{d}(2}, as applicable.* {2}------------------------------------------------ ### LCG CAPITAL ADVISORS, LLC Financial Statements December 31, 2022 # TABLE OF CONTENTS | | Page | | |---------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|-------|--| | Report of Independent Registered Public Accounting Firm | 1 | | | Financial Statements
Statement of Financial Condition | 2 | | | Statement of Operations and Changes in Member's Equity | 3 | | | Statement of Cash Flows | 4 | | | Notes to the Financial Statements | 5 - 7 | | | Supplemental Information
Schedule I – Computation of Net Capital Pursuant to Rule 15c3-1
of the Securities and Exchange Commission
Schedule II – Computation for Determination of Reserve Requirements for | 8 | | | Brokers and Dealers Pursuant to Rule 15c3-3 of the Securities Exchange
Act of 1934 | 9 | | | Schedule III – Information Relating to the Possession or Control
Requirements Under Rule 15c3-3 of the Securities Exchange Act of 1934 | 9 | | | Exemption Report | 10 | | | Report of Independent Registered Public Accounting Firm on
Exemption Report | 11 | | | Report of Independent Registered Public Accounting Firm on Applying
Agreed Upon Procedures | 12 | | {3}------------------------------------------------ ![](_page_3_Picture_0.jpeg) #### REPORT OF INDEPENDENT REGISTERED PUBLIC ACCOUNTING FIRM # of LCG Capital Advisors, LLC #### Opinion on the Financial Statements To the Member We have audited the accompanying statement of financial condition of LCG Capital Advisors, LLC as of December 31, 2022, the related statements of operations and changes in and cash flows for the year then ended, and the related notes (colle In our opinion, the financial statements present fairly, in all material respects, the financial position of LCG Capital Advisors, LLC as of December 31, 2022, and the results of its operations and its cash flows for the year then ended in conformity with accounting principles generally accepted in the United States of America. #### Basis for Opinion These financial statements are the responsibility of LCG Capital Advisors, LLC an opinion on LCG Capital Advisors, LLC with the Public Company Accounting Oversight Board (United States) (PCAOB) and are required to be independent with respect to LCG Capital Advisors, LLC in accordance with the U.S. federal securities laws and the applicable rules and regulations of the Securities and Exchange Commission and the PCAOB. We conducted our audit in accordance with the standards of the PCAOB. Those standards require that we plan and perform the audit to obtain reasonable assurance about whether the financial statements are free of material misstatement, whether due to error or fraud. Our audit included performing procedures to assess the risks of material misstatement of the financial statements, whether due to error or fraud, and performing procedures that respond to those risks. Such procedures included examining, on a test basis, evidence regarding the amounts and disclosures in the financial statements. Our audit also included evaluating the accounting principles used and significant estimates made by management, as well as evaluating the overall presentation of the financial statements. We believe that our audit provides a reasonable basis for our opinion. TAMPA BAY: 4920 W Cypress Street, Suite 102 | Tampa, FL 33607 | Office: 813.443.5048 | Fax: 813.443.5053 JACKSONVILLE: 4720 Salisbury Road, Suite 223 | Jacksonville, FL 32256 | Office: 888.410.2323 | Fax: 813.443.5053 SOUTH FLORIDA: 2000 Banks Road, Suite 218 | Margate, FL 33063 | Office: 754.800.3400 | Fax: 813.443.5053 The Schedule I, Computation of Net Capital Pursuant to Rule 15c3-1 of the Securities and Exchange Commission, Schedules II and III, Computation for Determination of Reserve Requirements for Brokers and Dealers Pursuant to Rule 15c3-3 of the Securities Exchange Act of 1934 and Information Relating to Possession or Control Requirements Under Rule 15c3-3 of the Securities Exchange Act of 1934 has been subjected to audit procedures performed in conjunction with the audit of LCG Capital Advisors, LLC LCG Capital Advisors, LLC supplemental information reconciles to the financial statements or the underlying accounting and other records, as applicable, and performing procedures to test the completeness and accuracy of the information presented in the supplemental information. In forming our opinion on the supplemental information, we evaluated whether the supplemental information, including its form and content, is presented in conformity with 17 C.F.R. §240.17a-5. In our opinion, the on the supplemental information, we evaluated whether the supplemental information, including its form and content, is presented in conformity with 17 C.F.R. §240.17a-5. In our opinion, the Schedule I, Computation of Net Capital Pursuant to Rule 15c3-1 of the Securities and Exchange Commission, Schedules II and III, Computation for Determination of Reserve Requirements for Brokers and Dealers Pursuant to Rule 15c3-3 of the Securities Exchange Act of 1934 and Information Relating to Possession or Control Requirements Under Rule 15c3-3 of the Securities Exchange Act of 1934 are fairly stated, in all material respects, in relation to the financial statements as a whole. We have served as LCG Capital Advisors, LLC auditor since 2019. Assurance Dimensions Margate, Florida February 21, 2023 #### ASSURANCE DIMENSIONS CERTIFIED PUBLIC ACCOUNTANTS & ASSOCIATES ORLANDO: 1800 Pembrook Drive, Suite 300 | Orlando, FL 32810 | Office: 888.410.2323 | Fax: 813.443.5053 www.assurancedimensions.com {4}------------------------------------------------ # LCG Capital Advisors, LLC Statement of Financial Condition December 31, 2022 #### ASSETS | LCG Capital Advisors, LLC
Statement of Financial Condition
December 31, 2022 | | |------------------------------------------------------------------------------------|---------------------------------| | | | | ASSETS | | | Current assets
Cash
Accounts Receivable, net
Prepaid Expenses | \$
49,067
15,000
4,360 | | Total current assets | 68,427 | | Other assets
Goodwill
Other assets | 45,600
626 | | Total assets | \$
114,653 | | | | | LIABILITIES AND MEMBER'S EQUITY | | | Current liabilities | | | Accounts payable and accrued expenses
Due to related parties | \$
7,668
18,645 | | Total current liabilities | 26,313 | | | | #### LIABILITIES AND MEMBER'S EQUITY | Other assets
Other assets | 626 | |---------------------------------------|---------------| | Total assets | \$
114,653 | | LIABILITIES AND MEMBER'S EQUITY | | | Current liabilities | | | | | | | | | | | | Member's equity | 88,340 | | Total liabilities and member's equity | \$
114,653 | The accompanying notes are an integral part of this financial statement. {5}------------------------------------------------ # LCG Capital Advisors, LLC Statement of Operations and Changes in Member's Equity For the Year Ended December 31, 2022 | Revenue | | |------------------------------------|-----------------| | Supervisory and finder's fees | \$
6,382,434 | | | 6,382,434 | | | | | Operating expenses | | | Compensation | 4,333,139 | | Professional fees | 488,420 | | Regulatory | 20,387 | | Other administrative | 143,052 | | Total operating expenses | 4,984,998 | | Other income | 8,729 | | Net income | 1,406,165 | | Member's equity, beginning of year | 467,175 | | Capital Distributions | (1,785,000) | | Member's equity, end of year | \$
88,340 | | | | The accompanying notes are an integral part of this financial statement. {6}------------------------------------------------ ## LCG Capital Advisors, LLC Statement of Cash Flows For the Year Ended December 31, 2022 #### Cash flows provided by operating activities: | LCG Capital Advisors, LLC
Statement of Cash Flows
For the Year Ended December 31, 2022 | | | | |-----------------------------------------------------------------------------------------------------------------------|-----------------|--|--| | | | | | | Cash flows provided by operating activities: | | | | | Net income | \$
1,406,165 | | | | Adjustments to reconcile net income to net cash provided by operating activities | | | | | Bad debt expense | \$
6,000 | | | | Adjustments to reconcile net income to net cash provided by operating activities
Change in assets and liabilities: | | | | | Prepaid Expenses and other assets | (331) | | | | Due to/from related parties | 14,200 | | | | Accounts payables and accrued expenses | (4,715) | | | | Net cash provided by operating activities | 1,421,319 | | | | Cash flows used by financing activities: | | | | | Capital distributions | (1,785,000) | | | | Net cash used by financing activities | (1,785,000) | | | | Net change in cash | (363,681) | | | | Cash, beginning of year | 412,748 | | | | Cash, end of year | \$
49,067 | | | {7}------------------------------------------------ # LCG CAPITAL ADVISORS, LLC Notes to Financial Statements December 31, 2022 ### Note 1 – Nature of Operations LCG Capital Advisors, LLC (the "Company") is a broker-dealer registered with the Securities and Exchange Commission ("SEC") and a member of the Financial Industry Regulatory Authority. The Company is a Florida limited liability company, formed on July 3, 2003, and is a wholly-owned subsidiary of LCG Capital Holdings, LLC ("LCG"). LCG purchased an existing broker-dealer in 2008 and renamed it LCG Capital Advisors, LLC in 2009. The Company's business primarily consists of assisting entities in obtaining financing and in merger and acquisition transactions. #### Note 2 – Summary of Significant Accounting Policies A summary of the Company's significant accounting policies are as follows: Use of Estimates - The preparation of financial statements in conformity with generally accepted accounting principles in the United States of America ("U.S. GAAP") requires management to make estimates and assumptions that affect the reported amount of assets and liabilities and disclosure of contingent assets and liabilities at the date of the statement of financial condition. Actual amounts could differ from those estimates. Such estimates include allowances for doubtful accounts and impairment of long-lived assets. Cash and Cash Equivalents – For purposes of the statement of cash flows, the Company considers all highly liquid debt instruments purchased with a maturity of three months or less to be cash equivalents. At December 31, 2022, there were no cash equivalents. Goodwill – Goodwill was recorded in connection with the 100% change in control of the Company in 2008 as the excess purchase price over the fair value of the net assets acquired. Goodwill is not amortized but tested for impairment on an annual basis or more frequently if indicators of possible impairment exist. As of December 31, 2022, based on management's assessment of qualitative factors it was determined that the fair value of the Company's lone reporting unit more-likely-than-not exceeds its carrying amount. As such, management determined that there was no impairment of goodwill. Revenue from Contracts with Customers – The Company provides advisory services / corporate finance activity including mergers and acquisitions, reorganizations, tender offers, leveraged buyouts, fundraising activity and the pricing of securities to be issued. The agreements with customers contain nonrefundable retainer fees or success fees, which may be fixed or represent a percentage of value that the customer receives if, and when, the corporate finance activity is completed ("success fees"). In some cases, there is also an "announcement fee" that is calculated on the date that a transaction is announced based on the price included in the underlying sale agreement. The retainer fees, announcement fee, or other milestone fees reduce any success fee subsequently invoiced and received upon the completion of the corporate finance activity i.e. at a point in time. The Company has evaluated its nonrefundable retainer payments, to ensure its fee relates to the transfer of a good or service, as a distinct performance obligation, in exchange for the retainer. The Company recognizes this retainer over time. In some cases, that would result in the broker-dealer accounting for all the services promised in {8}------------------------------------------------ # LCG CAPITAL ADVISORS, LLC Notes to Financial Statements December 31, 2022 #### Note 2 – Summary of Significant Accounting Policies (continued) a contract as a single performance obligation and the retainer revenue is classified as deferred revenue on the Statement of Financial Condition. Income Taxes - The Company is treated as a disregarded entity for income tax purposes. Accordingly, no income taxes or tax benefits are recorded by the Company since such taxes or tax benefits associated with the Company's operations are reported in the tax return of its parent company, LCG. Management has evaluated the effect of the guidance provided by U.S. GAAP on accounting for uncertainty in income taxes and determined that the Company had no uncertain tax positions that could have a significant effect on the financial statements at December 31, 2022. LCG's federal income tax returns for its 2020 and subsequent tax years are subject to examination by the internal revenue service for three years from their date of filing. Recent Accounting Pronouncements – Other accounting standards that have been issued or proposed by the FASB or other standards-setting bodies that do not require adoption until a future date are not expected to have a material impact on the Company's financial statements upon adoption. ### Note 3 – Concentration of Credit Risk The financial instruments which potentially subject the Company to concentrations of credit risk are cash and accounts receivable. The Company maintains its cash at one depository bank, which is insured by the Federal Deposit Insurance Corporation ("FDIC") up to \$250,000. As of December 31, 2022, the cash on deposit did not exceed the FDIC insured limit. Accounts Receivable at December 31, 2022 is from three customers. Receivables are stated at the amount management expects to collect from outstanding balances. Management provides for probable uncollectible amounts through a charge to earnings and a credit to a valuation allowance based on its assessment of the current status of individual accounts. Balances that are still outstanding after management has used reasonable collection efforts are written off through a charge to the valuation allowance and a credit to accounts receivable. At December 31, 2022 there was a \$21,000 allowance for uncollectible amounts. Write-offs of uncollectable amounts recognized during 2022 amounted to \$5,000. The Company earned revenue from twenty-seven customers in 2022. The top 3 customers accounted for 34.4%, 10.6% and 10.2%, respectively, of fees and commissions for the year ended December 31, 2022. 100% of revenues were generated in the USA. # Note 4 – Related Party Transactions The Company owes \$18,645 as of December 31, 2022 to a common control related entity. This payable is due on demand and is non-interest bearing. The Company has an expense sharing agreement with its related entities and has recognized approximately \$186,620 in expenses allocated under that agreement during the year ended December 31, 2022. {9}------------------------------------------------ # LCG CAPITAL ADVISORS, LLC Notes to Financial Statements December 31, 2022 #### Note 5 – Net Capital Requirement The Company is subject to the SEC Uniform Net Capital Rule (Rule 15c3-1), which requires the maintenance of minimum regulatory net capital and a specified ratio of aggregate indebtedness to regulatory net capital. As of December 31, 2022, the Company had a net capital requirement and excess net capital of \$5,000 and \$17,754, respectively. The Company's aggregate indebtedness to net capital ratio was 115.64%. ## Note 6 – Exemption from Rule 15c3-3 The Company does not claim an exemption from SEA Rule 15c3-3, in reliance on footnote 74 to SEC Release 34-70073, and as discussed in Q&A 8 of the related FAQ issued by SEC staff. The Company does not (1) directly or indirectly receive, hold, or otherwise owe funds or securities for or to customers, (2) does not carry accounts of or for customers and (3) does not carry PAB accounts. #### Note 7 – Commitments and Contingencies The Company can be subject to litigation, arbitration settlements and regulatory assessments which arise in the ordinary course of business as a registered broker-dealer. The Company recognizes a liability and expense for any such matters at the time exposure to loss is more than remote and an amount of the loss is reasonably determinable. In the opinion of management, there are no outstanding matters at December 31, 2022 requiring contingent loss recognition. #### Note 8 – Subsequent Events The Company has evaluated subsequent events and transactions through the date the financial statements were available to be issued. No events other than previously disclosed have occurred subsequent to December 31, 2022 through February 21, 2023 which would require adjustment to, or disclosure in the financial statements, other than previously disclosed. {10}------------------------------------------------ Supplemental Information {11}------------------------------------------------ # December 31, 2022 LCG Capital Advisors, LLC Schedule I - Computation of Net Capital Pursuant to Rule 15c3-1 of the Securities and Exchange Commission | LCG Capital Advisors, LLC
Schedule I - Computation of Net Capital Pursuant to Rule 15c3-1
of the Securities and Exchange Commission
December 31, 2022 | | |----------------------------------------------------------------------------------------------------------------------------------------------------------------|--------------| | Net capital | | | Total member's capital | \$
88,340 | | Deductions: | | | Non-allowable assets:
Accounts Receivable | (15,000) | | Prepaid assets | (4,360) | | Other assets | (626) | | Goodwill | (45,600) | | Net capital | \$
22,754 | | Aggregate indebtedness | | | Accounts payable, accrued expenses and due to related parties | 26,313 | | Total aggregate indebtness | \$
26,313 | | Computation of basic net capital requirement - higher of: | | | Minimum net capital required based on aggregate indebtedness | \$
1,754 | | Net capital required | \$
5,000 | | Excess net capital | \$
17,754 | | Ratio of aggregate indebtedness to net capital | 115.64% | There are no material differences between the preceding calculation and the Company's corresponding unaudited Part II A of Form X-17A-5 as of December 31, 2022. {12}------------------------------------------------ # LCG Capital Advisors, LLC # Schedule II - Computation for Determination of Reserve Requirements for Brokers and Dealers Pursuant to Rule 15c3-3 under the Securities and Exchange Act of 1934 December 31, 2022 The Company does not claim an exemption from SEA Rule 15c3-3, in reliance on footnote 74 to SEC Release 34-70073, and as discussed in Q&A 8 of the related FAQ issued by SEC staff. The Company does not (1) directly or indirectly receive, hold, or otherwise owe funds or securities for or to customers, (2) does not carry accounts of or for customers and (3) does not carry PAB accounts. # Schedule III - Information Relating to the Possession or Control Requirements Under Rule 15c3-3 of the Securities Exchange Act of 1934 December 31, 2022 LCG Capital Advisors, LLC The Company does not claim an exemption from SEA Rule 15c3-3, in reliance on footnote 74 to SEC Release 34-70073, and as discussed in Q&A 8 of the related FAQ issued by SEC staff. The Company does not (1) directly or indirectly receive, hold, or otherwise owe funds or securities for or to customers, (2) does not carry accounts of or for customers and (3) does not carry PAB accounts. {13}------------------------------------------------ ![](_page_13_Picture_0.jpeg) / #### **EXEMPTION REPORT** LCG Capital Advisors, LLC ("Company") is a registered broker-dealer subject to SEC Rule 17a-5 ("Reports to be made by certain brokers and dealers"). This Exemption Report was prepared as required by 17 C.F.R. §240.17a-S(d)(1) and (4). To the best of its knowledge and belief, the Company states the following: - (1) The Company does not claim an exemption under paragraph (k) of 17 C.F.R. § 240.15c3-3; and - (2) The Company is filing this Exemption Report relying on Footnote 74 of the SEC Release No. 34- 70073 adopting amendments to 17 C.F.R. § 240.17a-5 because the Company limits its business activities exclusively to receiving transaction-based compensation for identifying potential merger and acquisition opportunities for clients, and the Company (1) did not directly or indirectly receive, hold, or otherwise owe funds or securities for or to customers (2) did not carry accounts of or for customers; and (3) did not carry PAB accounts (as defined in Rule 15c3-3) throughout the most recent fiscal year without exception. The Company had no exceptions to the provision identified above throughout the most recent fiscal year. I, Craig Little, swear (or affirm) that, to my best knowledge and belief, this Exemption Report is true and correct. Authorize5ignatu re CCu Title Date 201 E. Kennedy Blvd., Suite 1700, Tampa, Florida 33602 ■ P: 813-226-2800 ■ www.lcgadvisors.com {14}------------------------------------------------ ![](_page_14_Picture_0.jpeg) #### REPORT OF INDEPENDENT REGISTERED PUBLIC ACCOUNTING FIRM ### To the Member of LCG Capital Advisors, LLC: We have reviewed management's statements, included in the accompanying Rule 15c3-3 Exemption Report pursuant to SEC Rule 17a-5, in which (1) LCG Capital Advisors, LLC (the Company ) did not claim an exemption under paragraph (k) of 17 C.F.R. §240.15c3-3, and (2) the Company is filing this Exemption Report relying on Footnote 74 of the SEC Release No. 34-70073 adopting amendments to 17 C.F.R. § 240.17a-5 because the Company limits its business activities exclusively to receiving transaction-based compensation for identifying potential merger and acquisition opportunities for clients. In addition, the Company did not directly or indirectly receive, hold, or otherwise owe funds or securities for or to customers, other than money or other consideration received and promptly transmitted in compliance with paragraph (a) or (b)(2) of Rule 15c2-4 and/or funds received and promptly transmitted for effecting transactions via subscriptions on a subscription way basis where the funds are payable to the issuer or its agent and not to the Company; did not carry accounts of or for customers; and did not carry PAB accounts (as defined in Rule 15c3- 3) throughout the most recent fiscal year without exception. management is responsible for compliance with the exemption provisions and its statements. Our review was conducted in accordance with the standards of the Public Company Accounting Oversight Board (United States) and, accordingly, included inquiries and other required procedures to obtain evidence about the compliance with the exemption provisions. A review is substantially less in scope than an examination, the objective of which is the expression of an opinion on management's statements. Accordingly, we do not express such an opinion. Margate, Florida February 21, 2023 Based on our review, we are not aware of any material modifications that should be made to management's statements contemplated by Footnote 74 of the SEC Release No. 34-70073 adopting amendments to 17 C.F.R. § 240.17a-5, and related SEC Staff Frequently Asked Questions. Assurance Dimensions ASSURANCE DIMENSIONS CERTIFIED PUBLIC ACCOUNTANTS & ASSOCIATES TAMPA BAY: 4920 W Cypress Street, Suite 102 | Tampa, FL 33607 | Office: 813.443.5048 | Fax: 813.443.5053 JACKSONVILLE: 4720 Salisbury Road, Suite 223 | Jacksonville, FL 32256 | Office: 888.410.2323 | Fax: 813.443.5053 ORLANDO: 1800 Pembrook Drive, Suite 300 | Orlando, FL 32810 | Office: 888.410.2323 | Fax: 813.443.5053 SOUTH FLORIDA: 2000 Banks Road, Suite 218 | Margate, FL 33063 | Office: 754.800.3400 | Fax: 813.443.5053 www.assurancedimensions.com {15}------------------------------------------------ ![](_page_15_Picture_0.jpeg) #### REPORT OF INDEPENDENT REGISTERED PUBLIC ACCOUNTING FIRM ON APPLYING AGREED-UPON PROCEDURES Member of LCG Capital Advisors, LLC: We have performed the procedures included in Rule 17a-5(e)(4) under the Securities Exchange Act of 1934 and in the Securities Investor Protection Corporation (SIPC) Series 600 Rules, which are enumerated below on the accompanying General Assessment Company ) is responsible for its Form SIPC-7 and for its compliance with the applicable instructions on Form SIPC-7. Reconciliation (Form SIPC-7) for the year ended December 31, 2022. Management of LCG Capital Advisors, LLC (the Management of the Company has agreed to and acknowledged that the procedures performed are appropriate to meet the intended purpose of assis -7 for the year ended December 31, 2022. Additionally, SIPC has agreed to and acknowledged that the procedures performed are appropriate for their intended purpose. This report may not be suitable for any other purpose. The procedures performed may not address all the items of interest to a user of this report and may not meet the needs of all users of this report and, as such, users are responsible for determining whether the procedures performed are appropriate for their purposes. The sufficiency of these procedures is solely the responsibility of those parties specified in this report. Consequently, we make no representation regarding the sufficiency of the procedures described below either for the purpose for which this report has been requested or for any other purpose. The procedures we performed and our associated findings are as follows: 1) Compared the listed assessment payments in Form SIPC-7 with respective cash disbursement records entries, noting no 2) Compared the Total Revenue amounts reported on the Annual Audited Report Form X-17A-5 Part III for the year ended December 31, 2022 with the Total Revenue amount reported in Form SIPC-7 for the year ended December 31, 2022, noting 3) Compared any adjustments reported in Form SIPC-7 with supporting schedules and working papers, noting no differences; 4) Recalculated the arithmetical accuracy of the calculations reflected in Form SIPC-7 and in the related schedules and working 5) Compared the amount of any overpayment applied to the current assessment with the Form SIPC-7 on which it was originally - differences; - no differences; - - papers supporting the adjustments, noting no differences; and - computed, noting no differences. TAMPA BAY: 4920 W Cypress Street, Suite 102 | Tampa, FL 33607 | Office: 813.443.5048 | Fax: 813.443.5053 JACKSONVILLE: 4720 Salisbury Road, Suite 223 | Jacksonville, FL 32256 | Office: 888.410.2323 | Fax: 813.443.5053 SOUTH FLORIDA: 2000 Banks Road, Suite 218 | Margate, FL 33063 | Office: 754.800.3400 | Fax: 813.443.5053 We were engaged by the Company to perform this agreed-upon procedures engagement and conducted our engagement in accordance with attestation standards established by the AICPA and in accordance with the standards of the Public Company Accounting Oversight Board (United States). We were not engaged to and did not conduct an examination or a review engagement, -7 and for its compliance with the applicable instructions on Form SIPC-7 for the year ended December 31, 2022. Accordingly, we do not express such an opinion or conclusion. Had we performed additional procedures, other matters might have come to our attention that would have been reported to you. We are required to be independent of the Company and to meet our other ethical responsibilities in accordance with the relevant ethical requirements related to our agreed-upon procedures engagement. This report is intended solely for the information and use of the Company and SIPC and is not intended to be and should not be used by anyone other than these specified parties. Assurance Dimensions Margate, Florida February 21, 2023 #### ASSURANCE DIMENSIONS CERTIFIED PUBLIC ACCOUNTANTS & ASSOCIATES ORLANDO: 1800 Pembrook Drive, Suite 300 | Orlando, FL 32810 | Office: 888.410.2323 | Fax: 813.443.5053 www.assurancedimensions.com Source: SEC EDGAR via Adviser Search (https://search.stillhousedata.com). Agents: see https://search.stillhousedata.com/llms.txt.