# JORDAN, KNAUFF & COMPANY, LLC X-17A-5 (2025-03-26) — Broker-dealer annual report

- Company: JORDAN, KNAUFF & COMPANY, LLC
- Form: X-17A-5
- Filed: 2025-03-26
- Period: 2024-12-31
- Accession: 0001270961-25-000001
- CIK: 1270961
- File #: 8-66246
- Type: Broker-dealer
- Material weakness: No
- Auditor: Adeptus Partners, LLC
- Auditor location: Ocean, NJ
- Contact: Cook Jordan
- Phone: 312 925 9123
- Email: cj@jordanknauff.com
- Website: jordanknauff.com
- Signed by: Cook Jordan Jr. (Managing Principal)

Original filing: https://www.sec.gov/Archives/edgar/data/1270961/000127096125000001/jkcaudit.pdf

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JORDAN, KNAUFF & COMPANY (A LIMITED LIABILITY COMPANY) YEAR ENDED DECEMBER 31, 2024

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UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549

# ANNUAL REPORTS FORM X-17A-5 PART III

| OMB APPROVAL             |  |
|--------------------------|--|
| OMB Number: 3235-0123    |  |
| Expires: Nov. 30, 2026   |  |
| Estimated average burden |  |
| hours per response: 12   |  |

|         | SEC FILE NUMBER |  |
|---------|-----------------|--|
| 8-66246 |                 |  |

FACING PAGE Information Required Pursuant to Rules 17a-5, 17a-12, and 18a-7 under the Securities Exchange Act of 1934 FILING FOR THE PERIOD BEGINNING 01/01/2024 AND ENDING 12/31/2024 MM/DD/YY MM/DD/YY A. REGISTRANT IDENTIFICATION NAME OF FIRM: Jordan, Knauff & Company TYPE OF REGISTRANT (check all applicable boxes): Broker-dealer C Security-based swap dealer Check here if respondent is also an OTC derivatives dealer ADDRESS OF PRINCIPAL PLACE OF BUSINESS: (Do not use a P.O. box no.) 100 S. Wacker Drive, Suite 850 (No. and Street) Chicago 60606 (City) (State) (Zip Code) PERSON TO CONTACT WITH REGARD TO THIS FILING Cook Jordan 312 925 9123 cj@jordanknauff.com (Name) (Area Code - Telephone Number) (Email Address) B. ACCOUNTANT IDENTIFICATION INDEPENDENT PUBLIC ACCOUNTANT whose reports are contained in this filing\* Adeptus Partners, LLC (Name - if individual, state last, first, and middle name) 933 Route 35 N, Suite A Ocean NJ 07712 (Address) (City) (State) (Zip Code) 01-06-2010 3686 (Date of Registration with PCAOB)(if applicable) (PCAOB Registration Number, if applicable) FOR OFFICIAL USE ONLY

\* Claims for exemption from the requirement that the annual reports of an independent public accountant must be supported by a statement of facts and circumstances relied on as the basis of the exemption. See 17 CFR 240.17a-5(e)(1)(ii), if applicable.

Persons who are to respond to the collection of information contained in this form are not required to respond unless the form displays a currently valid OMB control number.

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#### OATH OR AFFIRMATION

| I. G. Cook Jordan, Jr.<br>report pertaining to the firm of Jordan Knauff & Company |  | swear (or affirm) that, to the best of my knowledge and belief, the financial                                                       |       |
|------------------------------------------------------------------------------------|--|-------------------------------------------------------------------------------------------------------------------------------------|-------|
| December 31                                                                        |  | , 2 024 , is true and correct. I further swear (or affirm) that neither the company nor any                                         | as of |
| as that of a customer.                                                             |  | partner, officer, director, or equivalent person, as the case may be, has any proprietary interest in any account classified solely |       |

| OFFICIAL SEAL<br>DAVID KAKAREKA<br>NOTARY PUBLIC. STATE OF ILLINOIS | Signature:<br>Title: |
|---------------------------------------------------------------------|----------------------|
| MY COMMISSION EXPIRES: 05/23/2027                                   | Managing Principal   |

Notarv Public

#### This filing\*\* contains (check all applicable boxes):

- (a) Statement of financial condition.
- □ (b) Notes to consolidated statement of financial condition.
- = (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).
- (d) Statement of cash flows.
- (e) Statement of changes in stockholders' or partners' or sole proprietor's equity.
- □ (f) Statement of changes in liabilities subordinated to claims of creditors.
- (g) Notes to consolidated financial statements.
- (h) Computation of net capital under 17 CFR 240.15c3-1 or 17 CFR 240.18a-1, as applicable.
- [ (i) Computation of tangible net worth under 17 CFR 240.18a-2.
- (j) Computation for determination of customer reserve requirements pursuant to Exhibit A to 17 CFR 240.15c3-3.
- □ (k) Computation for determination of security-based swap reserve requirements pursuant to Exhibit B to 17 CFR 240.15c3-3 or Exhibit A to 17 CFR 240.18a-4, as applicable.
- [1) Computation for Determination of PAB Requirements under Exhibit A to § 240.15c3-3.
- (m) Information relating to possession or control requirements for customers under 17 CFR 240.15c3-3.
- O (n) Information relating to possession or control requirements for security-based swap customers under 17 CFR 240.15c3-3(p)(2) or 17 CFR 240.18a-4, as applicable.
- (o) Reconciliations, including appropriate explanations, of the FOCUS Report with computation of net capital or tangible net worth under 17 CFR 240.15c3-1, 17 CFR 240.18a-2, 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.
- [ (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.
- [ (r) Compliance report in accordance with 17 CFR 240.17a-5 or 17 CFR 240.18a-7, as applicable.
- (s) Exemption report in accordance with 17 CFR 240.17a-5 or 17 CFR 240.18a-7, as applicable.
- [ (t) Independent public accountant's report based on an examination of the statement of financial condition.
- @ (u) Independent public accountant's report based on an examination of the financial statements under 17 CFR 240.17a-5, 17 CFR 240.18a-7, or 17 CFR 240.17a-12, as applicable.
- □ (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.
- {w} Independent public accountant's report based on a review of the exemption report under 17 CFR 240.17a-5 or 17 CFR 240.18a-7, as applicable.
- □ (x) Supplemental reports on applying agreed-upon procedures, in accordance with 17 CFR 240.15c3-1e or 17 CFR 240.17a-12, as applicable.
- □ (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).
- J (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.

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# JORDAN, KNAUFF & COMPANY (A LIMITED LIABILITY COMPANY) YEAR ENDED DECEMBER 31, 2024

### CONTENTS

|                                                                                                     | rage |
|-----------------------------------------------------------------------------------------------------|------|
| Report of Independent Registered Public Accounting Firm                                             | 1    |
| Financial statements:                                                                               |      |
| Statement of financial condition                                                                    | 2    |
| Statement of operations                                                                             | 3    |
| Statement of changes in members' capital                                                            | 4    |
| Statement of cash flows                                                                             | 5    |
| Notes to financial statements                                                                       | 6-12 |
| Supplementary information:                                                                          |      |
| Schedule 1 - Computation of net capital under Rule 15c3-1 of the<br>Securities Exchange Act of 1934 | 13   |
| Report of Independent Registered Public Accounting Firm<br>Regarding Rule 15c3-3 Exemption          | 14   |
| Exemption Report                                                                                    | 15   |

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![](_page_4_Picture_0.jpeg)

#### REPORT OF INDEPENDENT REGISTERED PUBLIC ACCOUNTING FIRM

To the Member of Jordan, Knauff & Company

#### Opinion on the Financial Statements

We have audited the accompanying statement of financial condition of Jordan, Knauff & Company as of December 31, 2024, the related statements of operations, changes in members' capital, and cash flows for the year then ended, and the related notes and schedules (collectively referred to as the "financial statements"). In our opinion, the financial statements present fairly, in all material respects, the financial position of Jordan, Knauff & Company as of December 31, 2024, 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 Jordan, Knauff & Company's management. Our responsibility is to express an opinion on Jordan, Knauff & Company's financial statements based on our audit. We are a public accounting firm registered with the Public Company Accounting Oversight Board (United States) (PCAOB) and are required to be independent with respect to Jordan, Knauff & Company 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.

#### Auditor's Report on Supplemental Information

The Schedule I, Computation of net capital under Rule 15c3-1 of the Securities Exchange Act of 1934 has been subjected to audit procedures performed in conjunction with the audit of Jordan, Knauff & Company's financial statements. The supplemental information is the responsibility of Jordan, Knauff & Company's management. Our audit procedures included determining whether the 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 Schedule I, Computation of net capital under Rule 15c3-1 of the Securities Exchange Act of 1934 is fairly stated, in all material respects, in relation to the financial statements as a whole.

We have served as Jordan, Knauff & Company's auditor since 2021.

Adeptus Partners, LLC Ocean, NJ March 25, 2025

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#### JORDAN, KNAUFF & COMPANY (A LIMITED LIABILITY COMPANY) STATEMENT OF FINANCIAL CONDITION DECEMBER 31, 2024

## ASSETS

| Cash                                             | \$ 242,909 |
|--------------------------------------------------|------------|
| Accounts receivable                              | 108,677    |
| Furniture, equipment, and leasehold improvements |            |
| (net of accumulated depreciation of \$8,160)     | 1,020      |
| Prepaid expenses and other assets                | 31,663     |
|                                                  |            |
| Total assets                                     | \$384,269  |
|                                                  |            |
|                                                  |            |
| LIABILITIES AND MEMBERS' CAPITAL                 |            |
|                                                  |            |
| Liabilities                                      |            |
| Accounts payable and accrued expenses            | \$172,554  |
|                                                  |            |
| Total liabilities                                | 172,554    |
| MEMBERS' CAPITAL                                 | 211,715    |
|                                                  |            |
| Total liabilities and members' capital           | \$384,269  |
|                                                  |            |

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### JORDAN, KNAUFF & COMPANY (A LIMITED LIABILITY COMPANY) STATEMENT OF OPERATIONS YEAR ENDED DECEMBER 31, 2024

| Revenue:                       |                |
|--------------------------------|----------------|
| Investment banking fees:       |                |
| Advisory fees                  | S<br>157,000   |
| Success fees                   | 437,427        |
| Interest                       | 310            |
| Total revenue                  | 594,737        |
| Operating expenses:            |                |
| Salaries                       | 89,943         |
| Payroll taxes                  | 6,013          |
| Accounting and compliance fees | 22,840         |
| Regulatory fees                | 5,693          |
| Depreciation                   | 366            |
| Commissions                    | 444,905        |
| Dues and subscriptions         | 17,088         |
| Guaranteed payments to member  | 180,000        |
| Insurance - other              | 5,991          |
| Legal and professional         | 2,454          |
| Marketing and advertising      | 11,884         |
| Medical insurance              | 35,999         |
| Оссирапсу                      | 26,297         |
| Office supplies                | 13,670         |
| Outsourced administration      | 20,558         |
| Telecommunications             | 3,818          |
| Travel and entertainment       | 46,597         |
| Miscellaneous                  | 16,081         |
| Total operating expenses       | 950,197        |
| Operating loss                 | (355,460)      |
| Other (expense):               |                |
| Interest expense               | (19,353)       |
| Net loss                       | S<br>(374,813) |

See accompanying notes to the financial statements.

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#### JORDAN, KNAUFF & COMPANY (A LIMITED LIABILITY COMPANY) STATEMENT OF CHANGES IN MEMBERS' CAPITAL YEAR ENDED DECEMBER 31, 2024

| Members' capital:          |    |           |
|----------------------------|----|-----------|
| Balance, beginning of year | ಕಾ | 112,873   |
| Capital contribution       |    | 473,655   |
| Net loss                   |    | (374,813) |
| Balance, end of year       |    | 211,715   |

See accompanying notes to the financial statements.

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### JORDAN, KNAUFF & COMPANY (A LIMITED LIABILITY COMPANY) NOTES TO FINANCIAL STATEMENTS YEAR ENDED DECEMBER 31, 2024

## 2.

#### Revenue recognition:

The Company accounts for revenue under Financial Accounting Standards Board ("FASB") Account Standards Codification ("ASC") 606. This revenue recognition guidance requires that an entity recognize revenue to depict the transfer of promised goods or services to customers in an amount that reflects the consideration to which the entity expects to be entitled in exchange for those goods or services. The guidance requires an entity to follow a five-step model to (a) identify the contract(s) with a customer, (b) identify the performance obligations in the contract, (c) determine the transaction price, (d) allocate the transaction price in the performance obligations in the contract, and (e) recognize revenue when (or as) the entity satisfies a performance obligation.

### Investment bankinq:

Revenue from contracts with customers includes fees from investment banking service and expense reimbursement. The recognition and measurement of revenue is based on the assessment of individual contract terms. Significant judgment is required to determine whether performance obligations are satisfied at a point in time or over time; how to allocate transaction prices where multiple performance obligations are identified; when to recognize revenue based on the appropriate measure of the Company's progress under the contract; and whether constraints on variable consideration should be applied due to uncertain future events.

The Company provides advisory services on mergers and acquisitions and capital raise transactions. Revenue for advisory arrangements is generally recognized over time for advisory arrangements in which the services are simultaneously provided by the Company and consumed by the customer based on the estimated progress of work and when revenues are not probable of significant reversal. Advisory costs are recognized as incurred, including when reimbursed by the customer. Retainers and other fees received from customers prior to recognizing revenue are reflected as deferred revenue.

As additional consideration for the advisory services noted above, the Company receives fees that vary based on specified performance measures, for example, when a customer's business is sold or a capital raise is concluded (success fees). These fees are considered variable consideration as the uncertainty is dependent on factors outside the Company's influence. In these cases, revenues are recognized at the point in time when uncertainty is resolved.

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## JORDAN, KNAUFF & COMPANY (A LIMITED LIABILITY COMPANY) NOTES TO FINANCIAL STATEMENTS YEAR ENDED DECEMBER 31, 2024

## 2.

#### Revenue recognition (continued):

Revenues recognized from contracts with customers are broken into categories that depict how the nature, amount, timing and uncertainty of revenues and cash flows are affected by economic factors. Revenues are disaggregated based on the type of services such as acquisition advisory, business sales, and private placement of debt and equity capital.

All revenue recognized during the year ended December 31, 2024 is related to contracts with customers. Receivables due from customers totaled \$108,677 as of December 31, 2024.

## Cash and cash equivalents:

The Company considers all highly liquid debt instruments purchased with an initial maturity of three months or less to be cash equivalents.

#### Basis of presentation:

The financial statements have been prepared on the accrual basis of accounting in conformity with accounting principles generally accepted in the United States of America ("US GAAP").

#### Use of estimates:

The preparation of financial statements in conformity with accounting principles generally accepted in the United States of America requires management to make estimates and assumptions that affect the reported amounts and disclosures. Accordingly, actual results could differ from those estimates.

#### Accounts receivable:

Accounts receivable are reported at the amount management expects to collect on balances outstanding at year-end. Management closely monitors outstanding balances and reserves and writes off, as necessary, any balance deemed uncollectible through a charge to earnings and a credit to a valuation allowance. Accounts receivable at December 31, 2024 are expected to be fully collected. At December 31, 2024, the Company had receivables from three clients whose balances accounted for 99% of total accounts receivable.

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{13}------------------------------------------------

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{14}------------------------------------------------

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{15}------------------------------------------------

## JORDAN, KNAUFF & COMPANY (A LIMITED LIABILITY COMPANY) NOTES TO FINANCIAL STATEMENTS YEAR ENDED DECEMBER 31, 2024

## 7.

As a result of the strategic alliance, the Company has entered into a Registered Representative Agreement with each Registered Representative that became affiliated with the Company as a result of the strategic alliance.

#### 8. Subsequent events

Management of the Company has reviewed and evaluated subsequent events from December 31, 2024, the financial statement date, through March 25, 2025, the date the financial statements were available to be issued. No subsequent events were identified.

{16}------------------------------------------------

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{17}------------------------------------------------

![](_page_17_Picture_0.jpeg)

#### REPORT OF INDEPENDENT REGISTERED PUBLIC ACCOUNTING FIRM

To the Member of Jordan, Knauff & Company

We have reviewed management's statements, included in the accompanying Rule 15c3-3 Exemption Report pursuant to SEC Rule 17a-5, in which (1) Jordan, Knauff & Company (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 private placements and investment banking. 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.

Jordan, Knauff & Company's management is responsible for compliance with the provisions contemplated by Footnote 74 of SEC Release No. 34-70073 adopting amendments to 17 C.F.R. § 240.17a-5 and related SEC Staff Frequently Asked Questions 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 Jordan, Knauff & Company's 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.

Based on our review, we are not aware of any material modifications that should be made to management's statements referred to above for them to be fairly stated, in all material respects, based upon the Company's business activities 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.

Adeptus Partners, LLC Ocean, NJ March 25, 2025

{18}------------------------------------------------

# JORDAN, KNAUFF & COMPANY (A LIMITED LIABILITY COMPANY) EXEMPTION REPORT YEAR ENDED DECEMBER 31, 2024

Jordan, Knauff & Company, ("the "Company"), is a registered broker-dealer subject to rule 17a-5 promulgated by the Securities and Exchange Commission (17 C.F.R. §240.17a-5, "Reports to be made by certain brokers and dealers"). This Exemption Report was prepared as required by 17 C.F.R. §240.17a-5(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 U.S. Securities and Exchange Commission (SEC) Release No. 34-70073 adopting amendments to 17 C.F.R. §240.17a-5; because the Company limits its business activities exclusively to private placements and investment banking, 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.

l, G. Cook Jordan, Jr., swear (or affirm) that, to my best knowledge and belief, this exemption report is true and correct.

Signature: Dated: March 25, 2025


Source: SEC EDGAR via Adviser Search (https://search.stillhousedata.com). Agents: see https://search.stillhousedata.com/llms.txt.