# TD PRIVATE CLIENT WEALTH LLC X-17A-5 (2023-12-22) — Broker-dealer annual report - Company: TD PRIVATE CLIENT WEALTH LLC - Form: X-17A-5 - Filed: 2023-12-22 - Period: 2023-10-31 - Accession: 0001551017-23-000014 - CIK: 1551017 - File #: 8-69105 - Type: Broker-dealer - Material weakness: No - Auditor: Ernst & Young LLP - Auditor location: New York, NY - Contact: Robert Moserowitz - Phone: (212) 827-2726 - Email: richard.rosenthal@tdsecurities.com - Website: tdsecurities.com - Signed by: Richard Rosenthal (Finance and Operations Principal) Original filing: https://www.sec.gov/Archives/edgar/data/1551017/000155101723000014/TDPCWSOFCFY2023.pdf --- {0}------------------------------------------------ ![](_page_0_Picture_0.jpeg) # STATEMENT OF FINANCIAL CONDITION October 31, 2023 {1}------------------------------------------------ ### Statement of Financial Condition October 31, 2023 ### Contents | Annual Audited Report X-17A-5 - Part III | | |---------------------------------------------------------|--| | Oath or Affirmation | | | Report of Independent Registered Public Accounting Firm | | | Statement of Financial Condition | | | Notes to Statement of Financial Condition | | {2}------------------------------------------------ | | UNITED STATES | | | OMB APPROVAL | |-----------------------------------------------------------------------------------------------------------|------------------------------------------------------------|----|-----------------|----------------------------------------------------| | | SECURITIES AND EXCHANGE COMMISSION | | | OMB Number: 3235-0123 | | | Washington, D.C. 20549 | | | Expires: Nov. 30, 2026
Estimated average burden | | | | | | hours per response: 12 | | | ANNUAL REPORTS | | | SEC FILE NUMBER | | | FORM X-17A-5 | | | 8-69105 | | | PART III | | | | | | | | | | | | 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 11/01/2022 | | | | _AND ENDING 10/31/2023 | | | MM/DD/YY | | | MM/DD/YY | | | | | | | | | A. REGISTRANT IDENTIFICATION | | | | | NAME OF FIRM: | TD PRIVATE CLIENT WEALTH LLC | | | | | | | | | | | TYPE OF REGISTRANT (check all applicable boxes): | | | | | | = Broker-dealer | | | | _ Major security-based swap participant | | L Check here if respondent is also an OTC derivatives dealer | | | | | | ADDRESS OF PRINCIPAL PLACE OF BUSINESS: (Do not use a P.O. box no.) | | | | | | | 1 VANDERBILT AVENUE, 22ND FLOOR | | | | | | | | | | | | (No. and Street) | | | | | New York | | NY | | 10017 | | (City) | (State) | | | (Zip Code) | | PERSON TO CONTACT WITH REGARD TO THIS FILING | | | | | | Richard Rosenthal | 212-827-6840 | | | richard.rosenthal@tdsecurities.com | | | | | | | | (Name) | (Area Code - Telephone Number) | | (Email Address) | | | | | | | | | | B. ACCOUNTANT IDENTIFICATION | | | | | | | | | | | INDEPENDENT PUBLIC ACCOUNTANT whose reports are contained in this filing* | | | | | | | Ernst & Young LLP | | | | | | (Name - if individual, state last, first, and middle name) | | | | | One Manhattan West | New York | | NY | 10001 | | (Address) | (City) | | (State) | (Zip Code) | | | | | | | | (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 | | | | | | | | | | | 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. {3}------------------------------------------------ ### OATH OR AFFIRMATION | Richard Rosenthal | swear (or affirm) that, to the best of my knowledge and belief, the | | |--------------------------------------------|-------------------------------------------------------------------------------------------------------------------------------------|-------| | financial report pertaining to the firm of | TD PRIVATE CLIENT WEALTH LLC | as of | | 10/31 | 2 023 | | | | 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. | | | | HENRY CHEN
Notary Public - State of New York | |---------------------------------------------------------------------------------------| | NO. 01CH0004648
Qualified in New York County
My Commission Expires Mar 31, 2027 | | | Signature: Title: Finance & Operations Principal Notary 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 on Exhibit A to 17 CFR 240.18a-4, as applicable. - [ (I) 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. - □ (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. - 1 (x) Supplemental reports on applying agreed-upon procedures, in accordance with 17 CFR 240.17-12, as applicable. - [] {y} Report describing any material inadequacies 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). - [ (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. {4}------------------------------------------------ ![](_page_4_Picture_0.jpeg) !!" #\$%&'&&(\$ )\$\*+,)-...- /\$012-3-34455... 6&712-3-3445859. \$:;<= # >?@ABCADEFG?@?FG?FC>?HIJC?B?GKLMNIOPOOALFCIFHQIBR STUVTWXUTYZ[UXW\[]YWX[Y^\_`XUabYXcY^S\_dX`eWbUfZ`U\bgUWZbThhf # i@IFIAFAFCj?QIFkFOIkNlCkC?R?FC gUTWeUWm[`bU[bTUWaaYnoW\p`\qcbWbUnU\bY^^`\W\a`WZaY\[`b`Y\Y^S\_dX`eWbUfZ`U\bgUWZbT hhfrbTUfYnoW\psWcY^tabYuUXvwxyzyv{|}~{~}|~~|{|{~{~|~\ YmXYo`\`Y\xbTU^`\W\a`WZcbWbUnU\boXUcU\bc^W`XZpx`\WZZnWbUX`WZXUcoUabcxbTU^`\W\a`WZoYc`b`Y\ Y^bTUfYnoW\pWbtabYuUXvwxyzyvx`\aY\^YXn`bp`bTVqU\UXWZZpWaaUobU[WaaYm\b`\q oX`\a`oZUc # kJIJDABi@IFIAF |{|{~{~|~~|~~{|{|{|~|~ ~{||||~{||{|{~{~|~{}|{}~{{ WaaYm\b`\q^`XnXUq`cbUXU[`bTbTUdmuZ`afYnoW\paaYm\b`\qteUXc`qTb]YWX[r\`bU[VbWbUcs rdft]sW\[WXUXUm`XU[bYuU`\[UoU\[U\b`bTXUcoUabbYbTUfYnoW\p`\WaaYX[W\aU`bTbTU V^U[UXWZcUamX`b`UcZWcW\[bTUWooZ`aWuZUXmZUcW\[XUqmZWb`Y\cY^bTUVUamX`b`UcW\[ ¡aTW\qU fYnn`cc`Y\W\[bTUdft] gUaY\[mabU[YmXWm[`b`\WaaYX[W\aU`bTbTUcbW\[WX[cY^bTUdft]STYcUcbW\[WX[cXUm`XU bTWbUoZW\W\[oUX^YXnbTUWm[`bbYYubW`\XUWcY\WuZUWccmXW\aUWuYmbTUbTUXbTU^`\W\a`WZ cbWbUnU\b`c^XUUY^nWbUX`WZn`ccbWbUnU\bxTUbTUX[mUbYUXXYXYX^XWm[tmXWm[`b`\aZm[U[ oUX^YXn`\qoXYaU[mXUcbYWccUccbTUX`c¢cY^nWbUX`WZn`ccbWbUnU\bY^bTU^`\W\a`WZcbWbUnU\bx TUbTUX[mUbYUXXYXYX^XWm[xW\[oUX^YXn`\qoXYaU[mXUcbTWbXUcoY\[bYbTYcUX`c¢cVmaT oXYaU[mXUc`\aZm[U[U¡Wn`\`\qxY\WbUcbuWc`cxUe`[U\aUXUqWX[`\qbTUWnYm\bcW\[[`caZYcmXUc`\ bTU^`\W\a`WZcbWbUnU\btmXWm[`bWZcY`\aZm[U[UeWZmWb`\qbTUWaaYm\b`\qoX`\a`oZUcmcU[W\[ c`q\`^`aW\bUcb`nWbUcnW[UupnW\WqUnU\bxWcUZZWcUeWZmWb`\qbTUYeUXWZZ^`\W\a`WZcbWbUnU\b oXUcU\bWb`Y\gUuUZ`UeUbTWbYmXWm[`boXYe`[UcWXUWcY\WuZUuWc`c^YXYmXYo`\`Y\ ¤¥¦¥¥¦¥§¥¨ £TWccUXeU[WcWm[`bYXc`\aUyzwy \_UaUnuUXyyxyzyv {5}------------------------------------------------ ## Statement of Financial Condition October 31, 2023 | ASSEIS | | | |--------------------------------------------|---|------------| | Cash | S | 66,201,174 | | Cash deposited with clearing organizations | | 250,000 | | Cash and restricted cash | | 66,451,174 | | Accounts receivable | | 284,898 | | Receivables from affiliates | | 238,561 | | Other assets | | 934,686 | | Total assets | S | 67,909,319 | | Liabilities and member's equity | | | | Liabilities: | | | | Unearned revenue | S | 6,767,701 | | Payable to asset managers | | 1,300,595 | | Payables to affiliates | | 702,041 | | Legal reserves | | 2,490,000 | | Other payables | | 228,286 | | Total liabilities | | 11,488,623 | | Member's equity | | 56,420,696 | | Total liabilities and member's equity | S | 67,909,319 | | | | | See accompanying notes. {6}------------------------------------------------ ### - 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8).)/C/()0 | # P#>/=.)/9?.:)QR:.(0.%)\*&(0 2 6 4 1 2 3 2 67 2 6 12 3 2 6 2 6 3 4 2 2 6 S2 4 S2 S2 7E 2 322 3 3 4322 3 3 322 T 4 322 2 322 4 322 4 4 4 2 6 2 67 2 3 26 S2 1 3 6 2 67 2 626 4 UV O 1 3 6 7 2 6 4 1 -F T7E7 -F T GE 2 1 24 1 43 7 2 6 T 4 -F T7E7 -F TGE 4 4 1 2 F T7 2 626 4 -F TGE 3 -F T7E7 -F TGE-D S2 7 2 6 {9}------------------------------------------------ ### Notes to Statement of Financial Condition October 31, 2023 ### 3. Related Party Transactions (continued) agreement of \$586,318 as of October 31, 2023, which is included with Payables to affiliates on the Statement of Financial Condition. The Company has a receivable from TD Bank USA related to this agreement of \$238,561 as of October 31, 2023, which is included in Receivable from affiliates on the Statement of Financial Condition. ### 4. Contingencies ### Regulatory and Litigation Matters Regulatory bodies, such as the SEC, FINRA, and others regularly make inquiries and conduct examinations or investigations concerning the Company's compliance with, among other things, securities laws, laws governing the activities of broker-dealers, and registered investment advisers. Legal and regulatory proceedings in which the Company is a defendant or respondent may arise in the normal course of business. Legal provisions are established when it becomes probable that the Company will incur an expense and the amount can be reliably estimated, although it is possible the Company may incur additional losses and actual losses may vary significantly from estimates. Based on currently available information, the Company believes no further losses are reasonably possible in excess of the provision recorded as described below. The Company and its corresponding affiliates (TD Securities (USA) LLC and Epoch Investment Partners, Inc.) are in discussions with the SEC to resolve a civil investigation into its compliance with records preservation requirements for business-related electronic communications stored on personal devices applicable to broker-dealer firms and investment advisers. On November 27, 2023, the Company settled a matter with FINRA related to the failure to establish and maintain a supervisory system, including written procedures, reasonably designed to achieve compliance with the firm's obligation to review correspondence and internal communications. The Company agreed to pay \$600,000 and undertake certain compliance remediations as part of the settlement. {10}------------------------------------------------ ### Notes to Statement of Financial Condition ### October 31, 2023 ### 5. Regulatory and Net Capital Requirements As a registered broker-dealer and member of the FINRA, the Company is subject to the Uniform Net Capital Rule of the 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 by Rule 15c3-1, not exceed 15 to 1 (1500%). Dividend payments and other equity withdrawals are subject to certain notification and other provisions of the Net Capital Rule of the SEC. At October 31, 2023, the Company's net capital, as defined, was \$54,961,938, which exceeded the minimum requirement under SEC Rule 15c3-1 by \$54,196,030. The ratio of aggregate indebtedness to net capital was 20.90%. ### 6. Subsequent Events The Company has evaluated the impact of the events that have occurred subsequent to October 31, 2023 through December 22, 2023, the date the statement of financial condition was issued. Based on this evaluation, the Company has determined that none of the events were required to be recognized or disclosed in the statement of financial condition, except as disclosed in Note 4 above. Source: SEC EDGAR via Adviser Search (https://search.stillhousedata.com). Agents: see https://search.stillhousedata.com/llms.txt.