# REYNOLDS ADVISORY PARTNERS, LLC X-17A-5 (2019-02-26) — Broker-dealer annual report - Company: REYNOLDS ADVISORY PARTNERS, LLC - Form: X-17A-5 - Filed: 2019-02-26 - Period: 2018-12-31 - Accession: 0001437664-19-000001 - CIK: 1437664 - File #: 8-67918 - Material weakness: No - Auditor: Harding & Hittesdorf PC - Auditor location: Glendale, CA - Contact: Douglas Edward Reynolds - Phone: 7202847751 - Signed by: Douglas E Reynolds (President) Original filing: https://www.sec.gov/Archives/edgar/data/1437664/000143766419000001/FinalAudit2018a.pdf --- {0}------------------------------------------------ **U ITE0STATES SECURITIESAN0EXCHANGECOMMISSIO Washington, O.C. 20549** 0MB APPROVAL 0MB Number: 3235-0123 Expires: August 31 , 2020 Estimated average burden hours per response ...... 12.00 SEC FILE NUMBER 8-67918 ## **ANNUAL AUDITED REPORT FORM X-17A-5 PARTIII** **FACING PAGE** **Information Required of Brokers and Dealers Pursuant to Section 17 of the Securities Exchange Act of 1934 and Rule l** 7a-5 **Thereunder** | ING 01 /0
REPORT FOR TH E PERIOD BEG IN | ------------
1 /18 | ------------
/\ND ENDING 12/31 /1
8 | | |--------------------------------------------------------------------------------------------------------------------------------------------------|----------------------------------------------------------|-------------------------------------------|--------------------------------| | | MM/DD/YY | | MM/DD /Y Y | | | A. REGISTRANT IDENTIFICATION | | | | NAME OF BROKER-DEALER: Reynolds Advisory Partners, LLC | | | OFFICIAL USE ONLY | | ADDRESS OF PRI 1CIPAL PLACE O F BUSINESS: (Do not use P.O. Box No.) | | | FIRM 1.0. NO. | | 5900 Wilshire Blvd. Suite 920 | | | | | | (No and Street) | | | | Los Angeles | CA | | 90036 | | (Cny) | (State) | | (Zip Code) | | NAME A D TELEPH ONE NUMBER OF PERSON TO CONTACT IN REGARD TO T HI S REPORT
Doug Reynolds 626-316-6100 | | | | | | | | (Arca Code - Telephone Number) | | | B. ACCOUNTANT IDENTIFICATION | | | | INDEPENDENT PUBLI C /\CCOUNT/\NT whose opin | ion is contained in this Report* | | | | Harding & Hittesdorf, P.C. | | | | | | (Name - if i11d1r1d11al. slate last, first. middle name) | | | | 650 S. Cherry St., Suite 1050 | Glendale | Colorado | 80246 | | (Address) | (City) | (State) | (Z,p Code) | | C HECK ONE:
✓ I
Ccrtilicd Publ ic /\ccountant
Publi c Accountant
Accountant not resident in United States or any of its possessions. | FOR OFFICIAL USE ONLY | | | | | | | | | | | | | *\*Claims for exemption from the require111e11t 1ha1 the annual repor/ be covered by !he opinion of an independent public accoun1a111 mus/ be supported by a s1a1e111e111 of fac1s and circums/ances relied on as 1he basis for the exe111p1io11. See Sec1ion 2-I0. I 7a-5(e)(2)* > **Potential 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 0MB control number. SEC 1410 (11 -05) {1}------------------------------------------------ #### **OATH OR AFFIRMATION** | my knowledge and belie f the accompanying financ ial statement and supporting schedules pertaining to the lirm of
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Reynolds Advisory Partners, LLC
, as
20 18
are true and correct. I further swear (or affirm) that
neither the company nor any partner, proprietor, principal orticcr or director has any proprietary interest in any account
classi lied solely as that or a customer, except as follows:
President
Title
Nota ry Public
This report** contains (check all applicable boxes):
r. if there is other comprehcnsi,·e income in the period(s) presented. a Statement
of Comprehensive Income (as defined in §210.
1-02 of Regulation S-X).
✓ (d) Statement of Changes in Financial Condition.
0 (e) Statement of Changes in Stockholders· Equity or Partne
rs' or Sole Proprietors' Capital.
D (I) Statement of Changes in Liabilities Subordinated to Claims of Creditors.
✓ (g) Computation of Net Capital.
{h) Computa tion for Determination of Reserve Requ
irements Pursuant to Rul e I 5c3-3.
In formation Relating to the Possession or Control Requirements Under Rule I 5c3 -3.
( i)
D (j) A Reconciliation. including appropriate explanation of the Computation of Net Capital Under Rule I 5c3-
I and the
Computation for Determina tion of the Reserve Requirements Unde
r Exhibit A o f Rule I 5c3- 3.
D (k) A Reconciliation between the audited and unaudited Statements of f
consolidation.
✓ (I) An Oath or Affirmation.
0 (m) A copy of the SIPC Supplemental Report.
D (n) A report describing any material inadequac
** For conditions of co11fidential treatment of certain portions of this filing, see section 2-IO. I 7a-5(e)(3).
A notary public or other officer complttlna this certificate verifies Ollly the
r.f1 | I. Doug Reynolds | . swea r (or affirm) that, to the best of | |--------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|-----------------------------------------------------------------------------------------------------|--------------------------------------------------------------------------------------------------------------------------------------| | | | | | | of December 31 | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | 0 (a) Facing Page.
0 (b) Statement of Financial Condition.
0 {c) Statement of Income (Loss) o | inancia l Condition with respect to methods of
ies found to exist or found to have existed si nce the date of the previous audit. | | | | | | | | | | | | | | State of California
County of H?? An1 e. I es | | |---------------------------------------------------------|----------------------------------------------------------------------| | Subscribed and sworn to (or affirmed) before mt on this | · di b ~ day | | of fepntQf?t) | . 20.tl. by 'tbi,.5lo.s :&hJ~rd | | &-';tr. 'Old S | ~
, proved to mt on the basis | | | of satisfactory evidence to be the person(s) who ilppnred before mt. | | B
Signature | ]?o--b~
'·(Stal> | ![](_page_1_Picture_3.jpeg) {2}------------------------------------------------ #### REYNOLDS ADVI SORY PARTNERS , LLC (SEC File No . 8- 67 91 8) Report of Independent Registered Public Accounting Firm On Financial Statements and Supplemen tal Schedules for the Year Ended December 31 , 2018 and Report of Independent Registered Accounting Firm on Exemption Report and Independent Accountants' Agreed- Up on Procedures Report on Schedule of Assessment a nd Pa yments (Form SIPC- 7) {3}------------------------------------------------ #### TABLE OF CONTENTS | | Page | |------------------------------------------------------------|--------| | REPORT OF INDEPENDENT REGISTERED PUBLIC
ACCOUNTING FIRM | 1-2 | | FINANCIAL STATEMENTS | | | Statement of Financial Condition | 3-4 | | Statement of Operations | 5 | | Statement of Member's Equity | 6 | | Statement of Cash Flows | 7 | | Notes to Financial Statements | 8-11 | | Supplemental Information | 12-14 | | Report oflndependent Registered Public Accounting Firm on | | | Agreed-Upon Procedures | 15-1 6 | | Report oflndependent Registered Accounting Firm | 17 | | Exemption Report | 18 | | | | {4}------------------------------------------------ # **HARDING AND HITTESDORF, P.C.** Certified Public Accountants 650 S. Cherry Street, Suite 1050 Denver, Colorado 80246 (303) 393-0888 FAX (303) 393-0894 www.hhcpafirm.com ![](_page_4_Picture_3.jpeg) #### REPORT OF INDEPENDENT REGISTERED PUBLIC ACCOUNTING FIRM To the Member Reynolds Advisory Partners, LLC Los Angeles, California #### **Opinion on the Financial Statements** We have audited the accompanying statement of financial condition of Reynolds Advisory Partners, LLC (a limited liability company) as of December 31, 2018, the related statements of operations, changes in member's equity 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 referred to above present fairly, in all material respects, the financial position of Reynolds Advisory Partners, LLC as of December 31, 2.018, 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 Reynolds Advisory Partners, LLC's management. Our responsibility is to express an opinion on Reynolds Advisory Partners, LLC'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 Reynolds Advisory Partners, 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 include 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 financial statements. We believe that our audit provides a reasonable basis for our opinion. {5}------------------------------------------------ We were not engaged to and did not conduct an examination or review, the objective of which would be the expression of an opinion or conclusion, respectively, on Reynolds Advisory Partners, LLC's compliance with the applicable instructions of the Form SIPC-7 for the year ended December 31, 2018. Accordingly, we do not express such an opinion. Had we performed additional procedures, other matters might have come to our attention that would have been reported to you. This report is intended solely for the information and use of Reynolds Advisory Partners, LLC and the SIPC and is not intended to be and should not be used by anyone other than these specified parties. *Jl~~A:\_* 1--i *dl'7sc/4~1 f?I Denver, Colorado February 24, 2019 {6}------------------------------------------------ #### **REYNOLDS ADVISORY PARTNERS, LLC STATEMENT OF FINANCIAL CONDITION Year Ended Dec.31, 2018** | CURRENT ASSETS: | | |----------------------------------|------------------| | Cash and Cash Equivalents | \$
138,018.78 | | Accounts Receivable | 0.00 | | Prepaid Expenses | 7,479.17 | | Total Current Assets | 145,497.95 | | PROPERTY AND EQUIPMENT, at cost: | | | Equipment | 33,357.79 | | Furniture | 20,319.58 | | | 53,677.37 | | Less Accumulated Depreciation | 53,677.37 | | Net Property and Equipment | 0.00 | | OTHER ASSET: | | | Deposit | 4,179.39 | | TOTAL ASSETS | \$
149,677.34 | | | | See Accountant's Accompanying Notes -3- {7}------------------------------------------------ #### **REYNOLDS ADVISORY PARTNERS, LLC STATEMENT OF FINANCIAL CONDITION Year Ended Dec.31, 2018** | CURRENT LIABILITIES: | | |---------------------------------------|------------------| | Accrued Expenses | \$
8,975.44 | | Total Current Liabilities | 8,975.44 | | MEMBER'S EQUITY | 140,701.90 | | TOTAL LIABLIITIES AND MEMBER'S EQUITY | \$
149,677.34 | See Accountant's Accompanying notes -4- {8}------------------------------------------------ #### **REYNOLDS ADVISORY PARTNERS, LLC STATEMENT OF OPERATIONS Year Ended Dec. 31, 2018** | REVENUES: | | |------------------------------|--------------------| | Advisory Services | \$
2,308,009.00 | | Interest Income | 192.79 | | | 2,308,201.79 | | OPERATING EXPENSES: | | | Salaries, Taxes and Benefits | l,196,6S8.95 | | Commissions | 558,612.80 | | Rent | 112,870.69 | | Computer and Internet | 79,183.25 | | Office Expense | 29,060.86 | | Professional fees | 84,490.71 | | Travel | 23,038.95 | | Telephone | 12,509.97 | | Advertising | 45,359.76 | | Automobile Expense | 23,536.41 | | Miscellaneous | 20,435.03 | | Business Licenses & Permits | 0.00 | | Regulatory fees | 6,159.87 | | Insurance | 6,160.16 | | | | | Total Operating Expenses | 2,198,077.41 | | Net Profit/Loss | 110,124.38 | See Accountant's Accompanying Notes -5- {9}------------------------------------------------ #### **REYNOLDS ADVISORY PARTNERS, LLC STATEMENT OF CHANGES IN MEMBER'S EQUITY FOR THE YEAR ENDED DECEMBER 31, 2018** | BALANCE, JANUARY 1, 2018 | 116,577.52 | |----------------------------|-------------| | M ember Distribution | (86,000.00) | | Net Profit/Loss | 110,124.38 | | BALANCE, DECEMBER 31, 2018 | 140,701.90 | See Accountant's Accompanying Notes -6- {10}------------------------------------------------ #### **REYNOLDS ADVISORY PARTNERS, LLC STATEMENT OF CASH FLOWS Year Ended Dec. 31, 2018** CASH FLOWS FROM OPERATING ACTIVITIES: | Net Income (Loss) | \$
110,124.38 | |-----------------------------------------------------------------------------|-------------------| | Adjustements to reconcile Net Income (Loss) to Net Cash used by operations: | | | Increase (decrease) in cash resulting from changes in: | | | Accounts Receivable | 46,216.59 | | Prepaid Expenses | (3,715.96) | | Accounts Payable | (10,274.56) | | Other Assets | (2,179.39) | | NET CASH PROVIDED BY OPERATING ACTIVITIES | 140,171.06 | | CASH FLOWS FROM FINANCING ACTIVITIES: | | | M ember 1 Draws | \$
(20,000.00) | | Member 2 Draws | (66,000.00) | | Member Contributions | 0.00 | | Net cash used provided by financing activities | (86,000.00) | | | | | NET INCREASE IN CASH AND CASH EQUIVALENTS | 54,171.06 | | CB Main 1476 | 20,149.83 | | CB Payroll 1484 | 722.12 | | RAP MM 1590 | 37,029.90 | | Undeposited Funds | 25,945.88 | | Total Cash at Beginning of Period | 83,847.73 | | Cash at End of Period | \$
138,018.79 | See Accountant's Accompanying Notes -7- {11}------------------------------------------------ ## NOTES TO FINANCIAL ST A TEMENTS #### FOR THE YEAR ENDED DECEMBER 31. 2018 #### A. Summary of Significant Accounting Policies #### Organization Reynolds Advisory Partners, LLC (the Company) is a California Limited Liability Company specializing in mergers and acquisitions, capital raising and related financial advisory services focused on middle market clients nationwide. The Company is registered with the Securities and Exchange Commission ("SEC") and is also a member of the Financial Industry Regulatory Authority ("FINRA"). The Company operates pursuant to paragraph (k)(2)(B) of Rule 15c3-3 of the Securities and Exchange Act of 1934 (the "Act") and does not carry customer accounts or clear customer transactions, nor does it plan to hold any customers' securities or funds. As a result, the Company is exempt from the remaining provisions and requirements of Rule 15c3-3 of the Act. Under this exemption, *Computation for Determination of Reserve Requirements* and *Information Relating to Possession or Control Requirements* are not required. #### Cash and cash equivalents The Company considers cash in banks and investments with original maturities of three months or less to be cash equivalents. #### Accounts Receivable Accounts receivable represent engagement fees billed and not collected less an allowance for doubtful accounts, if applicable. No allowance for doubtful accounts was deemed necessary at December 31 , 2018. #### Property and Equipment Property and equipment are stated at cost. Depreciation is calculated principally by the straight-line method using a useful life of 3 to 5 years. Maintenance and repairs are expensed as incurred. Major betterments are capitalized. {12}------------------------------------------------ #### NOTES TO FINANCIAL ST A TEMENTS #### FOR THE YEAR ENDED DECEMBER 31, 2018 #### A. Summary of Significant Accounting Policies (Continued) #### Revenue Recognition Transaction fees related to mergers, acqu1s1t1ons, finders, and financing fees are recognized upon closing of the related transaction. These are reflected as "Advisory services" in the accompanying statement of operations. #### Advertising and Marketing Costs Advertising and marketing costs are expensed as incurred. #### Concentration of Credit Risk Financial instruments that potentially subject the Company to concentration of credit risk consist primarily of temporary cash investments. The Company restricts temporary cash investments to financial institutions with high credit standing. Such temporary cash investments are often in excess of the FDIC insurance limit. #### Income Taxes The Company is not a taxpaying entity for federal income tax paying purposes. The Company does file a Limited Liability Company Return oflncome for the state of California. Accordingly, no federal income tax expense has been recorded in the financial statements. Income of the Company is taxed on the federal level to the member in its tax return. The Company records a liability for uncertain tax positions when it is more likely than not that a tax position would not be sustained if examined by the taxing authority. The Company continually evaluates expiring statutes of limitations, audits, proposed settlements, changes in tax law and new authoritative rulings. The Company's evaluation on December 31 , 2018 revealed no uncertain tax positions that would have a material impact on the financial statements. Interest and penalties associated with the Company's tax positions are reflected as interest expense in the financial statements. There were no interest or penalties incurred during the year ended December 31, 2018. {13}------------------------------------------------ ## NOTES TO FINANCIAL ST A TEMENTS ## FOR THE YEAR ENDED DECEMBER 31. 2018 #### A. Summary of Significant Accounting Policies (Continued) #### Use of Estimates The preparation of financial statements in conformity with generally accepted accounting principles requires management to make estimates and assumptions that affect certain reported amounts and disclosures. Accordingly, actual results could differ from those estimates. #### B. Subsequent Events Management has reviewed subsequent events through the date of the auditor's report, which is the date the financial statements were available to be issued. #### C. Significant Clients The Company derived 95% of their revenue from four key clients during the year ended December 3 1, 2018. However, the makeup of the Company's client base will vary from year to year. Accordingly, an annual concentration in revenue from the same clients is remote. #### D. Statutory Requirements Pursuant to Rule l 5c3-l of the Securities Exchange Act of 1934, the Company is required to maintain minimum net capital as defined under such rule. At December 3 1, 20 18, the Company's net capital was \$ 129,044 and the required net capital was \$5,000. The Company is exempt from certain provisions of Rule *l* 5c3-3 of the Securities Exchange Act of 1934 and, accordingly, is not required to ma inta in a "Specia l Account for Exclusive Benefit of Customers". Such exemption is in accordance with paragraph (k) (2) (i) of the Rule. {14}------------------------------------------------ #### NOTES TO FINANCIAL ST A TEMENTS #### FOR THE YEAR ENDED DECEMBER 31. 2018 #### E. Retirement Plan The Company provides a 40l(k) profit sharing plan which covers substantially all employees. Participating employees may elect to contribute, on a tax-deferred basis, a portion of their compensation in accordance with Section 40 I (k) of the Internal Revenue Code. The Company makes a matching contribution of 6% of compensation. In 2018, the Company made contributions in the amount of \$ 14,625. #### F. Commitment #### Lease Commitment On August I, 2018, the Company entered into a lease agreement for office space. The lease expires January 31, 2020. The Company incurred rent expense of\$ I 12,871 for the year ended December 31, 2018. Future minimum lease payments under the terms of this lease are: | 2019 | \$48,743 | |------|----------| | 2020 | \$4,062 | {15}------------------------------------------------ #### SUPPLEMENTARY rNFORMATION {16}------------------------------------------------ #### SUPPLEMENT AL SCHEDULE OF COMPUTATION OF NET CAPITAL, MINIMUM NET CA PIT AL REQUIRED, AND AGGREGATE INDEBTEDNESS ## DECEMBER 31, 2018 ## COMPUT A Tl ON OF NET CA PIT AL AND MINIMUM NET CAPITAL REQUIRED | MEMBER'S EQUITY | \$
140,702 | |------------------------------------------------------------------------------------------|---------------| | DEDUCTIONS:
Nonallowable assets | (11,659) | | NET CAPITAL | 129.043
\$ | | MINIMUM NET CAPITAL REQUIRED (greater of 6-2/3%
of aggregate indebtedness or \$5,000) | 5.000
\$ | | AGGREGATE INDEBTEDNESS | | | TOTAL LIABILITIES AND AGGREGATE INDEBTEDNESS | 8,975
\$ | | RA TIO OF AGGREGATE INDEBTEDNESS TO NET CAPITAL | .0696:1 | There is no material difference between the above net capital computation and the corresponding computation included in the Company's Form X-1 7 A-5 Part HA Filing. #### SCHEDULEl {17}------------------------------------------------ #### COMPUTATION FOR DETERMINATION OF RESERVE REQUIREMENTS FOR BROKERS AND DEALERS PURSUANT TO RULE I 5c3-3 #### DECEMBER 31, 2018 The Company is exempt from the provisions of Rule l 5c3-3 under the Securities Exchange Act of 1934, in that the Company's activities are limited to those set forth in the conditions for exemption appearing in paragraph (k) (2) (i) of the Rule. #### SCHEDULE II {18}------------------------------------------------ ## **HARDING AND HITTESDORF,\_** P.C. Certified Public Accountants 650 S. Cherry Street, Suite 1050 Denver, Colorado 80246 (303) 393-0888 FAX (303) 393-0894 www.hhcpafirm.com ![](_page_18_Picture_3.jpeg) ## REPORT OF INDEPENDENT REGISTERED PUBLIC ACCOUNTING FIRM ON APPL YING AGREED-UPON PROCEDURES #### To the Member of Reynolds Advisory Partners, LLC We have performed the procedures included in accordance with 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 and were agreed to by Reynolds Advisory Partners, LLC and the SIPC, solely to assist you and the SIPC in evaluating Reynolds Advisory Partners, LLC's compliance with the applicable instructions of the General Assessment Reconciliation (Form SIPC-7) for the year ended December 31, 2018. Reynolds Advisory Partners, LLC's management is responsible for Reynolds Advisory Partners, LLC's compliance with those requirements. This agreed-upon procedures engagement was conducted in accordance with standards established by the Public Company A~counting Oversight Board (United States) and in accordance with attestation standards established by the American Institute of Certified Public Accountants.\_ 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 findings are as follows: - 1. Compared the listed assessment payments in Form SIPC-7 with respective cash disbursement records entries, noting no differences; - 2. Compared the Total Revenue amount reported on the Annual Audited Report Form X-17 A-5 Part III for the year ended December 31, 2018 with the Total Revenue amount reported in Form SIPC-7 for the year ended December 31, 2018, noting no differences; - 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 papers supporting the adjustments, noting no differences; and - 5. Compared the amount of any overpayment applied to the current assessment with the Form SIPC-7 on which it was originally computed, noting no differences. {19}------------------------------------------------ #### **Auditor's Report on Supplemental Information** The supplementary information contained in Schedules I and II has been subjected to audit procedures performed in conjunction with the audit of Reynolds Advisory Partners, LLC's financial statements. The supplementary information is the responsibility of Reynolds Advisory Partners, LLC's management. Our audit procedures included determining whether the supplementary 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 supplementary information. In forming our opinion on the supplementary information, we evaluated whether the supplementary information, including its form and content, is presented in conformity with 17 C.F.R. Section 240. l 7a-5. In our opinion, the supplementary information contained in Schedules I and II is fairly stated, in all material respects, in relation to the financial statements as a whole. /-k~/~ Douglas E. Reynolds, President Name and Title December 31 2018 Date Source: SEC EDGAR via Adviser Search (https://search.stillhousedata.com). Agents: see https://search.stillhousedata.com/llms.txt.