# PROPEL ADVISORY GROUP, INC. X-17A-5 (2022-02-28) — Broker-dealer annual report - Company: PROPEL ADVISORY GROUP, INC. - Form: X-17A-5 - Filed: 2022-02-28 - Period: 2021-12-31 - Accession: 0001554548-22-000001 - CIK: 1554548 - File #: 8-69124 - Type: Broker-dealer - Material weakness: No - Auditor: DAVID LUNDGREN AND COMPANY, CPAS - Auditor location: OLATHE, KS - Contact: AARON PRISCO - Phone: 404-876-1119 - Email: aaron@propieladvisory.com - Website: propieladvisory.com - Signed by: AARON PRISCO (PRESIDENT) Original filing: https://www.sec.gov/Archives/edgar/data/1554548/000155454822000001/propelaudit2021pub.pdf --- {0}------------------------------------------------ Publicly Available UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 ANNUAL REPORTS # FORM X-17A-5 ## PART III Estimated average burden hours per response: 12 SEC FILE NUMBER 8-69124 OMB APPROVAL OMB Number, 3235-0123 Expires: Oct. 31, 2023 FACING PAGE Information Required Pursuant to Rules 17a-5, 17a-12, and 18a-7 under the Securities Exchange Act of 1934 | MM/DD/YY
A. REGISTRANT IDENTIFICATION
Propel Advisory Group, Inc.
TYPE OF REGISTRANT (check all applicable boxes): | | MM/DD/YY | |-----------------------------------------------------------------------------------------------------------------------------|--------------------------------------------------------------------|------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------| | | | | | | | | | | | | | Check here if respondent is also an OTC derivatives dealer | Security-based swap dealer - Major security-based swap participant | | | | | | | | | | | (No. and Street) | | | | FL | | 34234 | | | | (Zip Code) | | | | | | Aaron Prisco
404-876-1119 | | | | | | | | | | | | | | | | | | | | Olathe | KS | SS062 | | (City) | (State) | (Zip Code) | | 01/05/2015 | | | | | (PCAOB Registration Number, if applicable ) | | | | 2215 Ixora Avenue
PERSON TO CONTACT WITH REGARD TO THIS FILING | ADDRESS OF PRINCIPAL PLACE OF BUSINESS: (Do not use a P.O. box no.)
(State)
aaron@propieladvisory.com
(Area Code - Telephone Number)
(Email Address)
B. ACCOUNTANT IDENTIFICATION
INDEPENDENT PUBLIC ACCOUNTANT whose reports are contained in this filing *
David Lundgren and Company, CPAs
(Name - if individual, state last, first, and middle name)
6075 | ª Claims for exempt on from the requirement that the annual reports of an independent public accountant must be supported by a statement of facts and circumstances reled on as the basis of the exemption. See 17 CFR 240.17a-5(e)(1)(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 OMB control number. {1}------------------------------------------------ ### OATH OR AFFIRMATION | Aaron Prisco | | swear (or affirm) that, to the best of my knowledge and belief, the | |--------------|--------------------------------------------|-------------------------------------------------------------------------------------------------------------------------| | | financial report pertaining to the firm of | Propel Advisory Group Inc.
as of | | | December 31 | 2021 , is true and correct. I further swear (or affirm) that neither the company nor any | | | as that of a customer. | partner, officer, director, or equivalent person, as the case may proprietary interest in any account classified solely | | | Both | ANCO 1 PAGCHC CLC
L'1 common come of the | ![](_page_1_Picture_2.jpeg) | Signature: | | | | |------------|-----------|--|--| | Title: | President | | | Notary Public ### This filing \* \* contains (check all applicable boxes): - 2 (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. - O (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. - []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 CR 240.15c3-3 or Exhibit A to 17 CFR 240.18a-4, as applicable. - [1) Computation for Determination of PAB Reguirements 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 registering for security-based swap customers under 17 CR 240.15c3-3(p)(2) or 17 CFR 240.18a-4, as applicable. - O (o) Reconcliations, including appropriate explanations, of the FOCUS Report with computation of net capital or tangible net worth under 17 CFR 240.18c3-1, 17 CFR 240.18a-2, or 17 CFR 240.18a-2, as applicable, and the reserve requirements under 17 CR 240.15c3-3 or 17 CR 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. - (g) Oath or affirmation in accordance with 17 CR 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. - 2 (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. - [ [x] Supplemental reports on applying agreed-upon procedures, in accordance with 17 CFR 240.17a-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 crisins of this filing, see 17 CR 240.170-5(e)(3) or 17 CR 240.180-7(d)(2), as applicable. {2}------------------------------------------------ ### **DAVID LUNDGREN** & **COMPANY** CERTIFIED PUBLC ACCOUNTANTS, CHARTERED 5OS NORTH MUR-LEN ROAD OLATHE, KANSAS 66062 DAVID B. LUNDGREN, MBA, CPA CATHERINE LUNGREN MBA, CPA TELEPHONE (913) 782-9530 FACSIMILE (913) 782-986 ## REPORT OF INDEPENDENT REGISTERED PUBLIC ACCOUNTING FIRM To the Board of Directors and Members of Propel Advisory Group, Inc, ### Opinion on the Financial Statement We have audited the accompanying statement of financial condition of Propel Advisory Group, Inc. as of December 31, 2021, 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 Propel Advisory Group, Inc. as of December 31, 2021 in conformity with accounting principles generally accepted in the United States of America. ### Basis for Opinion This financial statement is the responsibility of Propel Advisory Group, Inc. management. Our responsibility is to express an opinion on Propel Advisory Group Inc.'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 Propel Advisory Group, Inc. in accordance with the U.S. federal securities laws and the applicable rules and regulations of the Securities and Exchange Commission and the PCA0B. 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 included performing procedures to assess the risks of material misstatement of 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 statements. 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 statements. We believe that our audit provides a reasonable basis for *7e.44* We have served as Propel Advisory Group, Inc's auditor since 2018. Olathe, Kansas February 24, 2022 {3}------------------------------------------------ ## PROPEL ADVISORY GROUP, INC. ## STATEMENT OF FINANCIAL CONDITION DECEMBER 31, 2021 ASSETS Current assets: | Cash | \$
386,671 | |----------------------------------------|---------------| | Total current assets | 386,671 | | Other assets: | | | Prepaid expenses | 824 | | Total other assets | 824 | | | \$
387,495 | | [ABILITIES AND STOCKHOLDER'S EQUITY | | | Current liabilities: | | | Accounts payable and accrued expenses | \$
510 | | Total current liabilities | 510 | | Stockholder's equity: | | | Common stock, no par value; 100 shares | | | authorized, issued and outstanding | 38,000 | | Contributed capital | 5,000 | | Distributed capital | (1,125,405) | | Retained earnings | 1,469,390 | | Total stockholder's equity | 386 985 | | | \$
387,495 | **See notes to financial statements.** Source: SEC EDGAR via Adviser Search (https://search.stillhousedata.com). Agents: see https://search.stillhousedata.com/llms.txt.