# QUANTRIVER FINANCIAL, LLC X-17A-5/A (2025-05-20) — Broker-dealer annual report - Company: QUANTRIVER FINANCIAL, LLC - Form: X-17A-5/A - Filed: 2025-05-20 - Period: 2024-12-31 - Accession: 0001491642-25-000003 - CIK: 1491642 - File #: 8-68590 - Type: Broker-dealer - Material weakness: No - Auditor: Rubio CPA, PC - Auditor location: Atlanta, GA - Contact: Jonathan Self - Phone: 404-596-5393 - Email: jself@qrfin.com - Website: qrfin.com - Signed by: Jonathan Self (CFO) Original filing: https://www.sec.gov/Archives/edgar/data/1491642/000149164225000003/public-updated.pdf --- {0}------------------------------------------------ ( FOR PUBLIC RELEASE ] 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-5 PART** Ill | SEC FILE NUMBER | |-----------------| | | | Information Required Pursuant to Rules 17a-S, 17a-12, and 18a-7 under the Securities Exchange Act of 1934 | FACING PAGE | | | | | | | |------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|------------------------------------------------------------|---------|-----------------|------------|--|--|--| | AND ENDING 12f31 f24
FILING FOR THE PERIOD BEGINNING 01 /01 /24 | | | | | | | | | | MM/DD/VY | | | MM/DD/VY | | | | | A. REGISTRANT IDENTIFICATION | | | | | | | | | NAME oF FIRM: QuantRiver Financial, LLC | | | | | | | | | TYPE OF REGISTRANT (check all applicable boxes):
!!I Broker-dealer
□ Major security-based swap participant
□ Security-based swap dealer
D Check here if respondent is also an OTC derivatives dealer | | | | | | | | | ADDRESS OF PRINCIPAL PLACE OF BUSINESS: (Do not use a P.O. box no.) | | | | | | | | | 6430 Plantation Park Court, Suite 310 | | | | | | | | | | (No. and Street) | | | | | | | | Fort Myers | | FL | | 33966 | | | | | (City) | | (State) | | (Zip Code) | | | | | PERSON TO CONTACT WITH REGARD TO THIS FILING | | | | | | | | | Jonathan Self | ( 404) 596-5393 | | jself@qrfin.com | | | | | | (Name) | (Area Code - Telephone Number) | | (Email Address) | | | | | | B. ACCOUNTANT IDENTIFICATION | | | | | | | | | INDEPENDENT PUBLIC ACCOUNTANT whose reports are contained in this filing*
RUBIO CPA, PC | | | | | | | | | | (Name - if individual, state last, first, and middle name) | | | | | | | | 3500 Lenox Rd., Suite 1500 Atlanta | | | GA | 30326 | | | | | (Address) | (City) | | (State) | (Zip Code) | | | | | 5/5/09 | | | 3514 | | | | | | (Date of Registration with PCAOB)(if applicable)
(PCAOB Registration Number, if aoolicable}
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-5(e)(l)(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 0MB control number.** {1}------------------------------------------------ ### **OATH OR AFFIRMATION** I, Jonathan Self swear (or affirm) that, to the best of my knowledge and belief, the financial report pertaining to the firm of OuantRiver Financial, LLC as of December 31 2~ is true and correct. I further swear (or affirm) that neither the company nor any Title: 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. Notary Public ### **This filing\*\* contains (check all applicable boxes): STATE Of ALABAMA AT lAIGE** - **i!!!i** (a) Statement of financial condition. - **i!!!i** (b) Notes to consolidated statement of financial condition. **MY COMMISSION EXPIRES FEBRUARY 10,201.7** - D (c) Statement of income (loss) or, if there is other comprehensive income in 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. - D (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. - D (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. - 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 240.18a-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 240.15c3-1, 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 (p) Summary of financial data for subsidiaries not consolidated in the statement of financial condition. - **i!!!i** (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) Compl iance report in accordance with 17 CFR 240.17a-5 or 17 CFR 240.18a-7, as applicable. - D (s) Exemption report in accordance with 17 CFR 240.17a-5 or 17 CFR 240.18a-7, as applicable. - **i!!!i** (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 report or financial statements under 17 CFR 240.17a-5, 17 CFR 240.18a-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-5 or 17 CFR 240.18a-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 240.15c3-le 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. **SARAH NORSWORTHY** {2}------------------------------------------------ FINANCIAL STATEMENTS FOR THE YEAR ENDED DECEMBER 31 , 2024 WITH REPORT OF INDEPENDENT REGISTERED PUBLIC ACCOUNTING FIRM {3}------------------------------------------------ ### **Table of Contents** | Report of Independent Registered Public Accounting Firm 1 | | |---------------------------------------------------------------------------------------------------|-----| | Statement of Financial Condition















2 | | | Notes to Financial Statements









| 3-4 | {4}------------------------------------------------ # **RUBIO CPA, PC** CERTIFIED PUBLIC ACCOUNTANTS 3500 Lenox Road NE Suite 1500 Atlanta, GA 30326 770-690-8995 ## **REPORT OF INDEPENDENT REGISTERED PUBLIC ACCOUNTING FIRM** To the Members of QuantRiver Financial, LLC ### Opinion on the Financial Statement We have audited the accompanying statement of financial condition ofQuantRiver Financial, LLC (the "Company") as of December 31, 2024, and the related notes (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, 2024, 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 the Company's 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. The Company is not required to have, nor were we engaged to perform, an audit of its internal control over financial reporting. As part of our audit, we are required to obtain an understanding of internal control over financial reporting but not for the purpose of expressing an opinion on the effectiveness of the Company's internal control over financial reporting. Accordingly, we express no such opinion. Our audit included performing procedures to assess the risks of material misstatement to the financial statement, 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 statement. 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 statement. We believe that our audit provides a reasonable basis for our opinion. We have served as the Company's auditor since 2023. March 3 1, 2025 Atlanta, Georgia ![](_page_4_Picture_12.jpeg) {5}------------------------------------------------ ### **STATEMENT OF FINANCIAL CONDITION DECEMBER 31, 2024** | ASSETS
Cash
Due from clearing firm
Prepaid expenses and deposits | \$ | 76,720
100,232
12,732 | |---------------------------------------------------------------------------|------|-----------------------------| | TOTAL ASSETS | I \$ | 189,684 | | | | | | LIABILITIES AND MEMBERS' EQUITY | | | | LIABILITIES | | | | Accounts payable and accrued expenses | \$ | 4,769 | | | | | | TOTAL LIABILITIES | I | 4,769 | | | | | | MEMBERS' EQUITY | | 184,915 | | TOTAL LIABILITIES AND MEMBERS' EQUITY | I \$ | 189,684 | | | | | The accompanying notes are an integral part of these financial statements. {6}------------------------------------------------ NOTES TO FINANCIAL STATEMENTS DECEMBER 31, 2024 ### **1. ORGANIZATION AND NATURE OF BUSINESS** QuantRiver Financial, LLC, (the "Company") was organized in the state of Florida in March 2010. The Company is a securities broker-dealer registered with the Securities and Exchange Commission ("SEC") and is a member of the Financial Industry Regulatory Authority ("FINRA"). The Company is additionally registered with the Commodity Futures Trading Commission ("CFTC"), which has delegated certain regulatory authority to the National Futures Association ("NFA"). The Company is also a member of NYSE Arca, Inc. The Company operates as a fully disclosed introducing broker-dealer. In this capacity, it offers its services primarily to institutional as well as some retail customers, primarily from Russia, all of whom are self-directed investors that choose their own investments or receive direction from an outside party to assist them in their investment choices. As a limited liability company, the members' liability is limited to their investment. ## **2. SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES** ### Estimates The Company maintains its books and records on an accrual basis in accordance with accounting principles generally accepted in the United States of America which require management to make estimates and assumptions in determining the reported amounts of assets and liabilities and disclosure of contingent assets and liabilities at the date of the financial statements and the reported amounts of income and expense during the reporting period. Actual results could differ from these estimates. ### Income Taxes The Company is taxed as a partnership. Therefore, the income or losses of the Company flow through to its members and no income taxes are recorded in the accompanying financial statements. The Company has adopted the provisions of FASB Accounting Standards Codification 740-10, Accounting for Uncertainty in Income Taxes. This requires the evaluation of tax positions taken or expected to be taken in the course of preparing the Partnership's tax returns to determine whether the tax positions are "more-likely-than-not" of being sustained "when challenged" or "when examined" by the applicable tax authority. Tax positions not deemed to meet the morelikely-than-not threshold would be recorded as a tax benefit or expense and liability in the current year. Management has determined that there are no material uncertain income tax positions for which a provision or liability for income taxes is necessary. ### Cash The Company maintains its cash deposits at a high credit quality financial institution. Funds deposited with a single bank are insured up to \$250,000 in the aggregate by the Federal Deposit Insurance Corporation ("FDIC"). At times, cash balances may exceed insured limits. The Company has not experienced any losses in such accounts. {7}------------------------------------------------ # **3. CLEARANCE AGREEMENT** The Company has an agreement with a clearing broker to maintain customer accounts, and to execute and clear customer transactions, on a fully disclosed basis. The due from clearing broker at December 31, 2024, consists of commissions and interest sharing revenue receivable as well as funds held in accounts. The due from clearing broker is considered fully collectible at December 31, 2024, and no allowance for credit losses is required. ### **4. CONTINGENCIES** The Company is subject to litigation in the normal course of business. The Company has no litigation in progress at December 31, 2024. ## **5. OFF BALANCE SHEET RISK** The Company introduces its customer transactions to its clearing broker with whom it has a correspondent relationship for execution and clearance in accordance with the terms of a clearance agreement. In connection therewith, the Company has agreed to indemnify its clearing broker for losses that the clearing broker may sustain related to the Company's customers. The Company's policy is to continuously monitor its exposure to market and counter-party risk through the use of a variety of financial position, credit exposure reporting, and control procedures. In addition, the Company has a policy of reviewing the credit standing of each brokerdealer, clearing organization, customer and/or other counterparty with which it conducts business. ### **6. SEGMENT REPORTING** The Company has one reportable segment: retail brokerage of marketable securities. The Company has identified its President as the chief operating decision maker ("CODM"), who uses net income to evaluate the results of the business, predominantly in the forecasting process, to manage the Company. The Company's operations constitute a single operating segment and therefore, a single reportable segment, because the CODM manages the business activities using information of the Company as a whole. The accounting policies used to measure the profit and loss of the segment are the same as those described in the summary of significant accounting policies. # **7. SUBSEQUENT EVENTS** Events have been evaluated by the Company through the date that these financial statements were issued. Source: SEC EDGAR via Adviser Search (https://search.stillhousedata.com). Agents: see https://search.stillhousedata.com/llms.txt.