# APTO PARTNERS, LLC X-17A-5 (2025-03-28) — Broker-dealer annual report - Company: APTO PARTNERS, LLC - Form: X-17A-5 - Filed: 2025-03-28 - Period: 2024-12-31 - Accession: 0001506347-25-000001 - CIK: 1506347 - File #: 8-68746 - Type: Broker-dealer - Material weakness: No - Auditor: JVA Accountants & Advisors LLC - Auditor location: Denville, NJ - Contact: Juan Espinosa - Phone: 9735436600 - Email: info@aptopartners.com - Website: aptopartners.com - Signed by: Juan D. Espinosa (President & CEO) Original filing: https://www.sec.gov/Archives/edgar/data/1506347/000150634725000001/Apto_Partners_public.PDF --- {0}------------------------------------------------ ### ''PUBLTG'' UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 > ANNUAL REPORTS FORM X-17A.5 PART III | OMB Number:3235-0123 | |--------------------------| | Expires: Nov. 30,2026 | | Estimated average burden | | hours per response: l2 | | SEC FILE NUMBER | | |-----------------|--| | 8-687 46 | | FACING PAGE Information Required Pursuant to Rules L7a-5,t7a-12, and 18a-7 under the Securities Exchange Act of 1934 | FILING FOR THE PERIOD BEGINNING | 01101124
AND ENDTNG | | 12131124 | | | | |---------------------------------|------------------------|--|----------|--|--|--| | | MM/DD/YY | | MM/DD/YY | | | | | A. REGISTRANT IDENTI FICATION | | | | | | | ## NAME OF FIRM: APTO PARTNERS, LLC TYPE OF REGISTRANT (check all appiicable boxes;: E Broker-dealer E Security-based swap dealer ! Check here if respondent is also an OTC derivatives dealer n Major security-based swap participant ADDRESS OF PRINCIPAL PLACE OF BUSINESS: (Do not use a P.O. box no.) | | (No. and Street) | | | |----------------------------------------------|---------------------------------------------------------------------------------------------------------|-----------------------|------------| | Mendham | NJ | | 07945 | | (city) | (State) | (zip Code) | | | PERSON TO CONTACT WITH REGARD TO THIS FILING | | | | | Juan Espinosa | 973-543-6600 | info@aptopartners.com | | | | | | | | (Name) | (Area Code -Telephone Number) | (Email Address) | | | | B. ACCOU NTANT IDENTIFICATION | | | | | INDEPENDENT PUBLIC ACCOUNTANT whose reports are contained in this filing*
JVA Accountants & Advisors | | | | | (Name - if individual, state last, first, and middle name) | | | | 15 Broadway | Denville | NJ | 07834 | | | (city) | (State) | (Zip Code) | | (Add ress)
10t19110 | | 5288 | | \* Claims for exemption from the requirement that the annual reports be covered by the reports of an independent public accountantmustbesupportedbyastatementoffactsandcircumstancesreliedonasthebasisoftheexemption. SeeL7 CFR 240.I7 a-s(eX1 Xii), if a pplicable. 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. {1}------------------------------------------------ #### OATH OR AFFIRMATION | 2 024
is true and correct. I further swear (or affirm) that neither the company nor any
DECEMBER 3,I
,
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.
JASON EBERHARDT
Notary Publlc, State of New Jersey
My Commlssion Expires Nov 19,2029
PRESIDENT & CEO
This filing** contains (check all applicable boxes):
(a) Statement of financial condition,
(b) Notes to consolidated statement of financial condition.
(c) Statement of inco me (loss) or, if there is other co m preh ensive inco me in the period(s) presented, a statement of
comprehensive income (as defined in 5 210.1-02 of Regulation S-X).
(d) Statement of cash flows.
(e) Statement of changes in stockholders' or partners' or sole proprietor's equity.
tr (f) Statement of changes in liabilities subordinated to claims of creditors.
n (g) Notes to consolidated financial statements. | |-------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------| | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | tr (h)Computation of net capital under 17 CFR 240.1,5c3-t or 1"7 CFR 240.IBa-I, as applicable. | | (i) Computation of tangible net worth under 17 CFR 240,18a-2, | | (j) Computation for determination of customer reserve requirements pursuantto ExhibitAto 17 CFR 240,15c3-3.
tr (k) Computation for determin ation of secu rity-based swa p reserve req u irements pu rsua nt to Exh ibit B to 17 CFR 240.15c3-3 or | | Exhibit A to 17 CFR 24O.L8a-4, as applicable. | | n (l) Computation for Determination of PAB Requirements under Exhibit A to 5 240.15c3-3. | | (m) Informationrelatingtopossessionorcontrol requirementsforcustomersunderlTCFR240.l5c3-3. | | n (n) Informationrelatingtopossessionorcontrol requirementsforsecurity-basedswapcustomersunderlTCFR
240.15c3-3(p)(2) or 17 CFR 240.18a-4, as applicable, | | D (o) Reconciliations, including app ropriate explan ations, of the FOCUS Report with computation of net ca pital or ta ngible n et | | worth under 17 CFR 240.1,5c3-I, 17 CFR 240.18a-!,or 17 CFR240,!8a-2, as applicable, and the reserve requirements under L7 | | CFR240.L5c3-3or\7 CFR 240.18a-4,asapplicable,if material differencesexist,orastatementthatnomaterial differences | | exist.
tr (p) Summary of financial data for subsidiaries not consolidated in the statement of financial condition. | | E (q ) Oath or affirmation in accorda nce with 17 CFR 24O.I7 a-5, L7 CFR 240.17 a-I2, or 17 CFR 240.IBa-7 , as applica ble. | | tr (r) Compliance report in accordance with 17 CFR24O.I7a-5 or 17 CFR 24O.I8a-7, as applicable. | | (s) Exemption report in accordance with 17 CFR240.17a-5 or 17 CFR 240.1'8a-7, as applicable. | | E (t) In depen d ent pu blic acco u ntant's report based on a n exa mination of th e statement of fina ncia I condition.
tr (u) Independent public accountant's'report based on an examination of the financial report or financial statements under 17 | | CFR24O.t7a-5, 17 CFR 240.!8a-7, or 17 CFR 240.I7a-12, as applicable' | | n (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 24O.t8a-7, as applicable. | | tr (w) lndependent public accountant's report based on a review of the exemption report under 17 CFR240.t7a-5 or t7 | | CFR 240,18a-7, as applicable.
(x) Su pplementa I reports on a p plying agreed-u pon proced u res, in acco rd ance with 17 CF R 240.15c3 -1,e or t7 CFR 240.I7 a-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 CFR240'I7a-L2(k)'
n (z)Other: | | | applicable. {2}------------------------------------------------ ## APTO PARTNERS. LLG ### STATEMENT OF FINANCIAL CONDITION DECEMBER 31 ,2024 FILED PURSUANT TO RULE 17a-5(e)(3) OF THE SECURITIES AND EXCHANGE ACT OF 1934 AS A PUBLIC DOCUMENT {3}------------------------------------------------ ### APTO PARTNERS. LLG December 31 ,2024 ### Table of Contents | Report of Independent Registered Public Accounting Firm
1 | | | |--------------------------------------------------------------|---------|--| | Financial Statement: | | | | Statement of Financial Condition | 2 | | | Notes to Financial Statements | ,,,,3-5 | | {4}------------------------------------------------ Joseph Velocci, CPA, CGMA Anthony Velocci, CPA Nancy Colucco, CPA Cassia DeFrank. CPA ![](_page_4_Picture_1.jpeg) Licensed in: New Jersey Florida "Building Your Future" ### REPORT OF INDEPENDENT REGISTERED PUBLIC ACCOUNTING FIRM To the Member of Apto Portners, LLC Mendham, New Jersey ### Opinion on the Financiol Stotements We hove audited the occompanying statement of financial condition of Apto Partners, LLC (a New lersey Limited Liability Compony) os of December 31, 2024 and the reloted notes. ln our opinion, the stotement of financial condition and reloted notes referred to above present foirly, in oll moteriol respects, the financiol position of Apto Portners, LLC os of December 37, 2024, in accordonce with occounting principles generally occepted in the United States of America. ### Basis for Opinion The statement of financial condition ond relqted notes qre the responsibility of Apto Partners, LLC's mdndgement. Our responsibility is to express an opinion on Apto Portners, LLC's statement of financial condition ond related notes bosed on our oudit. We are o public occounting firm registered with the Public Company Accounting Oversight Boord (United States) (PCAOB) and ore required to be independent with respect to Apto Portners, LLC in accordonce with U.S. federol securities laws and the opplicable rules and regulotions of the Securities and Exchange Commission ond the PCAOB. We conducted our oudit in occordqnce with the stondards of the PCAOB. Those standords require that we plon and perform the oudit to obtoin reasonable dssuronce about whether the stotement of finoncial condition ond related notes dre free of mqterial misstatement, whether due to error or fraud. Our audit included performing procedures to ossess the risks of materiol misstatement of the stotement of financiol condition ond reloted notes, whether due to error or fraud, and performing procedures that respond to those risks. Such procedures include exomining, on q test bosis, evidence regarding the amounts and disclosures in the stotement of finoncial condition and related notes. Our oudit olso included evoluoting the occounting principles used qnd significont estimotes made by monogement, os well os evoluoting the overoll presentotion of the stotement of financiol condition ond reloted notes. We believe thot our audit provides d reosonoble basis for our opinion. We have served as Apto Portners, LLC's auditor since 20L8. # JVAAMZTAd^,bory Ce rtifi ed Pub I ic Acco u nta nts Palm Beoch Gardens, FL March 1.9,2025 > PHONE: (561) 867-0345 I st Oo PGA BOULEVARD, SUITE 309 . PALM BEACH GARDENS, FL 33418 PHONE: (973) 620-9607 | 15 BROADWAY . DENV|LLE, NJ 07834 PHONE: (973)810-4210 | 54 MAIN STREET, SUITE 101 . SUCCASUNNA, NJ 07876 PHoNE: (973) B1o-4210 | + wnlx srREET, po Box 2114 . BRANCHV|LLE, NJ 0z826 WWW.JVAFIRM.COM I WWW.JVAFIRMFL.COM {5}------------------------------------------------ ## APTO PARTNERS, LLC STATEMENT OF FINANCIAL CONDITION DECEMBER 31 ,2024 #### ASSETS | Cash
Receivables from broker-dealers
Securities owned, at fair value
Fixed assets, net | 25,604
1,200,710
9,560,977
181,400 | |-------------------------------------------------------------------------------------------------|---------------------------------------------| | TOTAL ASSETS | \$
10,968,691 | | LIABILITIES | | | Accounts payable and accrued expenses | \$
15,180 | | TOTAL LIABILITIES | 1 5,1 80 | | MEMBER'S EQUITY | | | TOTAL MEMBER'S EQUITY | 10,953,51 1 | | | | | TOTAL LIABILITIES AND MEMBER'S EQUITY | 10,968,691 | See notes to financial statements {6}------------------------------------------------ ## APTO PARTNERS, LLC NOTES TO FINANCIAL STATEMENTS DECEMBER 31 ,2024 #### 1. ORGANIZATION AND NATURE OF BUSINESS Apto Partners, LLC (the "Company") is a securities broker-dealer registered with the Securities and Exchange Commission ("SEC") and is a member of Financial Industry Regulatory Authority ("FlNRA"). The Company conducts business as an introducing broker-dealer and clears all transactions through a clearing organization on a fully disclosed basis. The Company is a State of New Jersey Limited Liability Company. ### 2. SIGNIFICANT ACGOUNTING POLICIES #### Basis of Presentation The financial statements have been prepared in accordance with accounting principles generally accepted in the United States of America ("GAAP"). #### Use of Estimates The preparation of financial statements in conformity with GAAP requires management to make estimates and assumptions that affect 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 revenues and expenses during the reporting period. Actual results could differ from those estimates. #### Revenue from Contracts with Customers Revenue from contracts with customers includes fees from investment banking services. 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; whether revenue should be presented gross or net of certain costs; and whether constraints on variable consideration should be applied due to uncertain future events. The Company undenrurites securities for business entities that want to raise funds through a sale of securities. Revenues are earned from fees arising from securities offerings in which the Company acts as an underwriter. Underwriting fees are the major source of revenue. Revenue is recognized on the trade date (the date on which the Company purchases the securities from the issuer) for the portion the Company is contracted to buy. The Company believes that the trade date is the appropriate point in time to recognize revenue for securities undenruriting transactions as there are no significant actions which the Company needs to take subsequent to this date and the issuer obtains the control and benefit of the capital markets offering at that point. Underwriting costs that are deferred under the guidance in FASB ASC 940-340-25-3 are recognized in expense at the time the related revenues are recorded. In the event that transactions are not completed and the securities are not issued, the Company immediately expenses those costs. #### Fixed Assets, Net Fixed assets are recorded at historical cost, net of accumulated depreciation. Depreciation is calculated on a straight-line basis over their economic useful lives, generally from three to thirty-nine years. {7}------------------------------------------------ #### Income Taxes The Company is treated as a sole proprietorship for federal income tax purposes and does not incur income taxes. Instead its earnings and losses are passed through to its member and taxed depending on the personal tax situation. Accordingly, the financial statements do not reflect a provision from income taxes. Distributions were primarily used to meet member's income tax obligations. At December 31,2024, there were no significant income tax uncertainties that would require financial statement recognition. In addition, no interest or penalties were recorded. #### Fair Value Measurements The Company records the fair value of certain financial assets and liabilities on a recurring basis. The accounting standard for fair value provides a hierarchy to measure the quality and reliability of the information used to determine fair values. Fair value is defined as the price that would be received to sell an asset or paid to transfer a liability in an orderly transaction between market participants at the measurement date. Financial assets and liabilities carried at fair value will be classified and disclosed in one of the following three categories: Level 1 - Quoted prices in active markets for identical assets or liabilities. Level 2 - Inputs other than Level 1 that are observable, either directly or indirectly, such as quoted prices for similar assets or liabilities, quoted prices in the markets that are not active; or other inputs that are observable or can oe corroborated by observable market data for substantially the full term of the assets or liabilities. Level 3 - Unobservable inputs that are supported by little or no market activity and that are significant to the fair value of the assets or liabilities. At December 31,2024, all securities owned, which consists of corporate obligations and mutual funds, were valued using Level 1 inputs. #### Receivables/Payables to Broker-Dealers Payables to broker-dealers represents netted trading profiVloss, interest income/expense, clearing charges, margin securities, and deposits with the clearing organization. The Company is required to maintain certain deposit amounts with the clearing organization depending on its clearing activities and as pursuant to the clearing agreement. At December 31,2024, the Company's required deposit was \$100,000. #### Cash and Cash Equivalents The Company considers cash and cash equivalents amounts in demand deposit accounts at various financial institutions, investments in money market funds, and highly liquid investments, with original maturities of less than ninety (90) days, which are not held for sale in the ordinary course of business. #### Subsequent Events The Company has evaluated events and transactions that occurred between January 1,2025 and March 19, 2025, which is the date the financial statements were to be issued, for possible disclosure and recognition in the financial statements. #### 3. CONCENTRATIONS OF CREDIT RISK The Company at times during operations has cash deposits that exceed \$250,000 in one account in individual banks. The Federal Deposit Insurance Corporation ("FD|C") insures only the first \$250,000 in member banks. At December 31,2024, the Company had no uninsured cash balance. {8}------------------------------------------------ #### 4. FIXED ASSETS, NET Fixed assets, net consisted of the following: #### 5. NET CAPITAL REQUIREMENTS The Company is subject to the Securities and Exchange Commission Uniform Net Capital Rule (SEC Rule 15c3-1), which requires the maintenance of minimum net capital and requires that the ratio of aggregate indebtedness to net capital, both as defined, shall not exceed 15 to 1. At December 31 ,2024, the Company had net cdpital of \$9,646,608 which was \$9,546,608 in excess of its required net capital of \$100,000. The Company's ratio of aggregate indebtedness to net capital was 0.0016 to 1. #### 6. RULE 15c3-3 EXEMPTION The Company is exempt from the provisions of Part 240 Rule 15c3-3 of the Securities Exchange Act of 1934 under paragraph (k)(2)(ii) in that the Company as an introducing broker or dealer clears all transactions with and for customers on a fully disclosed basis with a clearing agent, and promptly transmits all customer funds and securities to the clearing agent who carries all of the accounts of such customers and maintains and preserves such books and records pertaining thereto pursuant to the requirements as are customarily made and kept by #### 7. COMMITMENTS AND CONTINGENCIES #### Litigation The Company, as part of doing business, may from time to time be involved in legal matters. In the opinion of management and after consultation with legal counsel, there are no matters, alone or in the aggregate, that are considered to be material to the financial statements. #### Investment Bankinq In the normal course of business, the Company enters into undenryriting commitments. Transactions relating to such underwriting commitments that,were open at December 31,2024, and were subsequently settled had no material effect on the financial statements as of that date. #### 8. OFF.BALANCE SHEET RISK As a securities broker-dealer, the Company is engaged in various trading and brokerage activities, on an agency and principal basis, in which counterparties primarily include broker-dealers, banks and other financial institutions. The Company's exposure to off-balance sheet credit risk occurs if a customer, clearing agent or counterparty does not fulfill their obligations arising from a transaction. Source: SEC EDGAR via Adviser Search (https://search.stillhousedata.com). Agents: see https://search.stillhousedata.com/llms.txt.