# STAR MOUNTAIN ADVISORS, LLC X-17A-5 (2024-03-27) — Broker-dealer annual report - Company: STAR MOUNTAIN ADVISORS, LLC - Form: X-17A-5 - Filed: 2024-03-27 - Period: 2023-12-31 - Accession: 0001487800-24-000002 - CIK: 1487800 - File #: 8-68541 - Type: Broker-dealer - Material weakness: No - Auditor: Alperin, Nebbia & Associates, CPA, PA - Auditor location: Fairfiled, NJ - Contact: Kristina Bach - Phone: 9149074271 - Signed by: John Polis (CEO) Original filing: https://www.sec.gov/Archives/edgar/data/1487800/000148780024000002/starmtn2023public.pdf --- {0}------------------------------------------------ # **STAR MOUNTAIN ADVISORS, LLC (S.E.C. NO. 8-68541)** **Statement of Financial Condition December 31 , 2023 and Independent Auditors' Report** This report is filed as a PUBLIC document in accordance with rule 17a-5(e)(3) under the Securities Exchange Act of 1934 {1}------------------------------------------------ #### **UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549** | 0MB APPROVAL | | |--------------------------|--| | 0MB Number: 3235-0123 | | | Expires: Nov. 30, 2026 | | | Estimated average burden | | | hours per response: 12 | | # **ANNUAL REPORTS FORM X-17A-S PART** Ill | hours per response: 12 | |------------------------| | SEC FILE NUMBER | | 8-68541 | | | 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 O 1/01/2023 | | AND ENDING 12/31/2023 | | | | | MM/DD/YY | | | MM/DD/YY | | | A. REGISTRANT IDENTIFICATION | | | | | NAME oF FIRM: Star Mountain Advisors, LLC | | | | | | TYPE OF REGISTRANT (check all applicable boxes):
~ Broker-dealer
D Check here if respondent is also an OTC derivatives dealer | • Security-based swap dealer | | | • Major security-based swap participant | | ADDRESS OF PRINCIPAL PLACE OF BUSINESS: (Do not use a P.O. box no.) | | | | | | 2 Grand Central Tower, 140 East 45th Street - | | | 37th Fl | | | | (No. and Street) | | | | | New York | NY | | | 10019 | | (City) | (State) | | | (Zip Code) | | PERSON TO CONTACT WITH REGARD TO THIS FILING | | | | | | Kristina Bach | 914 907 4271 | | kristi na@fi nopsvcs. com | | | (Name) | (Area Code -Telephone Number) | | (Email Address) | | | | B. ACCOUNTANT IDENTIFICATION | | | | | | | | | | | INDEPENDENT PUBLIC ACCOUNTANT w hose reports are contained in this filing* | | | | | | Alperin, Nebbia & Associates, CPA, PA | | | | | | | (Name - if individual, state last, first, and middle name) | | | | | 375 Passaic Avenue | Fairfield | | NJ | 07004 | | (Address)
02/24/2009 | (City) | 3397 | (State) | (Zip Code) | | | | | | {PCAOB Reg;,t,aUoa N,mbe,, ;f appUcable) | | | FOR OFFICIAL USE ONLY | | | | • Claims for exemption from the requirement that the annual reports be covered by the 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-S(e)(l)(il), 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 0MB control number. {2}------------------------------------------------ #### **OATH OR AFFIRMATION** | l, John Polls | | | swear (or affirm) that, to the best of my knowledge and belief, the | |---------------|------------------------------------|----|-------------------------------------------------------------------------------------------------------------------------------------| | | | | financial report pertaining to the firm of Star Mountain Advisors, LLC
as of | | 12/31 | | 2~ | 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 | | a of
as | r. | | | | | CHRISTINA CHIAINO | | | | | Notary Public • Stat, of Ntw Yortt | | s;gnature~ J
, f ,;--- | | | NO. 01CH6203317 | | | Title:Z: CEO This filing•• contains (check all applicable boxes): Qualified In **Kings County My** Commission fxpfrn *II* , , - ~ (a) Statement of financial condition. - ~ (b) Notes to consolidated statement of financial condition. - D (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 (d) Statement of cash flows. - D (el Statement of changes in stockholders' or partners' or sole proprietor's equity. - D (f) Statement of changes in liabilities subordinated to claims of creditors. - D (g) Notes to consolidated financial statements. - D (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 240.15c3-3. - D (k) Computation for determination of security-based swap reserve requirements pursuant to Exhibit B to 17 CFR 240.1Sc3-3 or Exhibit A to 17 CFR 240.18a-4, as applicable. - D (I) Computation for Determination of PAB Requirements under Exhibit A to§ 240.15c3-3. - D (m) Information relating to possession or control requirements for customers under 17 CFR 240.15c3-3. - D (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.lSa-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 240.15c3-1, 17 CFR 240.lSa-1, or 17 CFR 240.lSa-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 (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.lSa-7, as applicable. - D (r) Compliance report in accordance with 17 CFR 240.17a-5 or 17 CFR 240.lSa-7, as applicable. - D (s) Exemption report in accordance with 17 CFR 240.17a-S or 17 CFR 240.18a-7, as applicable. - ~ (t) Independent public accountant's report based on an examination of the statement of financial condition. - D (u) Independent public accountant's report based on an examination of the financial report or financial statements under 17 CFR 240.17a-S, 17 CFR 240.lSa-7, or 17 CFR 240.17a-12, as applicable. - D (v) Independent public accountant's report based on an examination of certain statements in the compliance report under 17 CFR 240.17a-S or 17 CFR 240.lSa-7, as applicable. - D (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. - D (x) Supplemental reports on applying agreed-upon procedures, in accordance with 17 CFR 240.1Sc3-1e 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). D(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. {3}------------------------------------------------ 375 Passaic Avenue Suite 200 Fairfield. NJ 07004 973-808-8801 Fax 973-808-8804 ![](_page_3_Picture_1.jpeg) Steven J. Alperin, CPA Vinc ent Nebb ia, CPA Jeffrey M. Sellgmuller. CPA Roger J. Hitchuk, CPA Sebastiano M. Calabro, CPA #### **Report of Independent Registered Public Accounting Firm** To the Member of Star Mountain Advisors, LLC #### Opinion on the Financial Statement We have audited the accompanying statement of financial condition of Star Mountain Advisors, LLC (the "Company'') as of December 31, 2023, the related notes and schedules (collectively referred to as the "financial statement"). In our opinion, the financial statement presents fairly, in all material respects, the financial position of the Company as of December 31, 2023, in conformity with accounting principles generally accepted in the United States of America. #### Basis for Opinion This financial statement is the responsibility of the Company's management. Our responsibility is to express an opinion on this financial statement 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 the 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 statement is free of material misstatement, whether due to error or fraud. Our audit also included assessing the accounting principles used and significant estimates made by management. as well as evaluating the overall presentation of the financial statement. We believe that our audit of the financial statement provides a reasonable basis for our opinion. We have served as the Company's auditor since 2010. Alperin, Nebbia & Associates, CPA, PA ~' ~.,\_~~ **.ePA! PH** Fairfield, New Jersey March 26, 2024 {4}------------------------------------------------ ## **Star Mountain Advisors, LLC Statement of Financial Condition December 31 2023** ## **Assets** | Cash and cash equivalents | \$
165,859 | |---------------------------------------|---------------| | Fees receivable | 39,969 | | Prepaid expenses | 8,374 | | Total assets | \$
214,202 | | Liabilities and Member's Equity | | | Liabilities | | | Accrued compensation | \$
39,969 | | Other accrued expenses | 12,801 | | Total liabilities | 52,770 | | Commitments and contingencies | | | Member's equity | 161,432 | | Total liabilities and member's equity | \$
214,202 | See notes to statement of financial condition. {5}------------------------------------------------ ### **STAR MOUNTAIN ADVISORS, LLC NOTES TO STATEMENT OF FINANCIAL CONDITION DECEMBER 31, 2023** ## **Note 1 - Organization** ## Nature of Business and Transition Star Mountain Advisors, LLC (the "Company"), is a Delaware limited liability company registered as a broker-dealer with the Securities and Exchange Commission ("SEC ') and is a member of the Financial Industry Regulatory Authority ("FINRA"). It is wholly-owned by Star Mountain Capital, LLC ("Parent"), a Delaware limited liability company. The Company's business activities include fundraising and deal sourcing for unrelated as well as related entities through the private placement of securities. ## **Note 2 - Summary of Significant Accounting Policies** ## Basis of Presentation The accompanying financial statements of the Company have been prepared on the accrual basis of accounting. ## Use of Estimates The preparation of the financial statements in conformity with generally accepted accounting principles requires management to make estimates and assumptions that affect the reported amounts and the disclosure of contingencies in the financial statements. Actual results could differ from the estimates included in the financial statements. ## Cash and Cash Equivalents Cash and cash equivalents include investments with three months or less to maturity at the date of purchase. The Company's cash balances are insured up to \$250,000 by the Federal Deposit Insurance Corporation resulting in periodic instances in which balances have been in excess of such insurance coverage. The Company's deposits in a financial institution at year end did not exceed the insured amount of \$250,000 provided by the U.S. Federal Deposit Insurance Corporation (FDIC). ### Allowance for Doubtful Accounts Periodically, the Company evaluates accounts receivable and, if applicable, provides for an allowance for doubtful accounts equal to amounts estimated to be uncollectible. The Company's estimate is based on a review of the current status of the individual accounts receivable. The Company had no allowance for doubtful accounts at December 31, 2023. ### Income Taxes The Company is not subject to federal or state income taxes. All taxable income (loss) and tax credits are reported on the tax returns of its Parent. ### **Note 3 - Related Party Transactions** Allocated Expenses: The Company and an affiliate have entered into an administrative services agreement in a manner consistent with SEC rules l 5c3-l 7a-3, l 7a-4 and l 7a-5 and other relevant {6}------------------------------------------------ ### **STAR MOUNTAIN ADVISORS, LLC NOTES TO STATEMENT OF FINANCIAL CONDITION DECEMBER 31, 2023** SEC and FINRA regulations and interpretations, whereas the affiliate agrees to pay certain of the administrative and other expenses relating to the operation of the Company and the Company agrees to reimburse the affiliate for such expenses. The Company also participated in private offerings for the affiliate for which it earned fees calculated as a percentage of funds raised of \$39,969 for the year ended December 31, 2023. Said fees were due from affiliate at December 31, 2023. ## **Note 4 - Net Capital Requirements** The Company is subject to the Securities and Exchange Commission's Uniform Net Capital Rule (Rule **l** 5c3-l ), which requires the maintenance of minimum net capital and requires that the ratio of aggregate indebtedness to net capitaJ, both as defined. shall not exceed 15 to 1. At December 31, 2023, the Company had net capital of \$153,058 which was \$148,058 in excess of its required net capital of \$5,000. The Company's percentage of aggregate indebtedness to net capital ratio was 34.48%. ## **Note 5 - Subsequent Events** Subsequent events were evaluated through March 26, 2024 which is the date the financial statements were available to be issued. Source: SEC EDGAR via Adviser Search (https://search.stillhousedata.com). Agents: see https://search.stillhousedata.com/llms.txt.