# PROPEL ADVISORY GROUP, INC. X-17A-5 (2023-02-28) — Broker-dealer annual report - Company: PROPEL ADVISORY GROUP, INC. - Form: X-17A-5 - Filed: 2023-02-28 - Period: 2022-12-31 - Accession: 0001554548-23-000001 - CIK: 1554548 - File #: 8-69124 - Type: Broker-dealer - Material weakness: No - Auditor: DAVID LUNDGREN AND COMPANY, CPA'S - Auditor location: OLATHE, KS - Contact: AARON PRISCO - Phone: 404-876-1119 - Email: aaron@propeladvisory.com - Website: propeladvisory.com - Signed by: AARON PRISCO (PRESIDENT) Original filing: https://www.sec.gov/Archives/edgar/data/1554548/000155454823000001/propelaudit22.pdf --- {0}------------------------------------------------ | 2215 bxora Avenue
PERSON TO CONTACT WITH REGARD TO THIS FILING
Aaron Prisco
505 N Mur-len Rd
(Address)
01/05/2015 | Sarasota
(City) | (No. and Street)
FL
(State)
404-876-1119
(Area Code - Telephone &umber]
8. ACCOUNTANT IDENTIFICATION
INDEPENDENT PUBLIC ACCOUNTANT whose reports are contained in this filing
David Lundgren and Company, CPA's
(Name --1f individual, state last, first, and middle name]
Olathe
(Cty) | (Email Address)
KS
(State)
6075
e>•-on -• | (Zip Code)
(Zip Code] | |----------------------------------------------------------------------------------------------------------------------------------|--------------------|-----------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|-------------------------------------------------------|----------------------------------------------------| | | | | | 34234
Aaron@propeladvisory.com
66062 | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | TYPE OF REGISTRANT (check all applicable boxes):
El Broker-dealer | | [l Security-based swap dealer
[] check here f respondent is also an OTC derivatives dealer
ADDRESS OF PRINCIPAL PLACE OF BUSINESS: (Do not use a P.0. box no.) | | [l Major security-based swap participant | | | | | | | | | | NAME or Ru. Propel Advisory Group, Inc. | | | | | | A. REGISTRANT DENT1CATION | | | | | | MM/DD/YY | | MM/DD/Y | | FuNG FOR THE PERIOD SEGNmNe 01/01/2022 | | _ | AND ENDmNe 12/31/2022 | | | | | information Required Pursuant to Rules 17a-5, 17a-12, and 18a-7 under the Securities Exchange Act of 21934 | | | | | | -
FACING PAGE | | | | | | PARTIII | | | | | | FORM X-174-5 | | 8-69124 | | | | ANNUAL REPORTS | | SEC FILE NUMBER | | | | Wa
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hours per response: 12 | | | | SECURITIES AND EXCHANGE COMMISSION | | 0MB Number: 3235-0123
Expires: Oct. 31, 2023 | | | | | | 0MB APPROVAL | | Plclq
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Ai!Ab le | | UNITED STATES | | | accountant: must be supported by a statement of facts and circumstances relied on as the basis *of* the exemption. See 17 CR 240.17a-5le)1)(0), ff applicable. ·lessons who area to respond to the collection af [information contained in this form are not required to respond unless the form ·i«displays e crentiy valid 0MB control umber. {1}------------------------------------------------ # OATH OR AFFRIMATION | swear (or affirm) that, to the best of my knowledge and belier, the
timancial report pertaining to the firm of Propel Advisory Group, Inc.
as as of | |-----------------------------------------------------------------------------------------------------------------------------------------------------------| | Dacem ber 31
, 2022 s true and correct. Ifurther 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 soledy | | as that of a customer. | | | | Signature: | | | | Title:
Aay 23 , 2023 | | No GG307367
President | | | | Notary Public | | This filing ** contains (check all applicable boxes); | | a (a) Statement of financial condition. | | 1 (b) Notes to consolidated statement of financial condition. | | O (c) Statement of income (loss) or, if there is other comprehensive 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. | | [] Computation for determination of customer reseve requirements pursuant to Exhibit A to 17 CFR 240.15c3-3. | | (c) Computation for determination of security-based swap reserve requirements pursuant to Exhibit B to 17 CFR 240.15c2-3 or | | Exhibit A to 17 CFR 240.18a-4, as applicable. | | [] 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 240,15:3-3. | | [ (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 (o) Reconciliations, including appropriate explanations, of the FOCUS Report with computation of net capital or tangible ret | | worth under 17 CFR 240.15c3-1, 17 CFR 240.18a-1, or 17 CFR 240.18a-2, as applicable, and the reserve reguirements under 17 | | CFR 240.15c3-3 or 17 CR 240.18-4, as applicable, if material differences exist, or a statement that no material differences | | exist. | | [ [p) Summary of financial data for subsidiated in the statement of financial condition. | | S (q) Oath or affernation in accordance with 17 CFR 240.17a-5, 27 CFR 240.17a-7, as applicable. | | [ (r) Compliance report in accordance with 17 CFR 240.18a-7, as applicable. | | [ [s] Exemption report in accordance with 17 CFR 24017a-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 240.188-7, as applicable. | | [w] Independent public accountant's report based on a review of the exemption report under 17 CFR 240.27a-5 or 17 | | CFR 240.18a-7, as applicable. | | [ [x] Supplemental reports on applying agreed-upon procedures, in accordance with 27 CFR 240.17-12, | | as applicable. | | [] {} Report describing any material inadequaches found to have existed since the date of the previous avoit, or | | a statement that no material inadequacies exist, under 17 CFR 240.17a-12(k). | | O (z) Other: __ | certain portions of this filing, 24018q-7(d)(2), oential ucumulu of no new applicable. {2}------------------------------------------------ ## **DAVID LUNDGREN & COMPANY** CERTIFIED PUBLIC ACCOUNTANTS, CHARTERED **50E5 NORTH MUR-LEN ROAD OLATHE, KANSAS 66062** **DAVID B. LUNDGREN, MBA, CPA** **TELEPHONE (913) 782-9530 FACSIMILE (913) 7829864** ### 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, 2022, 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, 2022 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 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 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 7i.& We have served as Propel Advisory Group Inc.'s auditor since 2018. Olathe, Kansas February 24, 2023 {3}------------------------------------------------ # **PROPEL ADVISORY GROUP, INC. STATEMENT OF FINANCIAL CONDITION FOR YEAR ENDED DECEMBER 31, 2022** | ASSETS | | |--------------------------------------------------------------------------------|---------------| | Cash and cash equivalents | \$
49,225 | | Investments, at fair value | 191,394 | | Prepaid deposits and expenses | 834 | | TOTAL ASSETS | \$
241,453 | | LIABILITIES AND STOCKHOLDER'S EQUITY | | | LIABILITIES | 948 | | Accounts payable, accrued expenses, and other liabilities
TOTAL LIABILITIES | 948 | | STOCKHOLDER'S EQUITY | 240,505 | | | | See notes to the financial statements. Confidential - 2 Source: SEC EDGAR via Adviser Search (https://search.stillhousedata.com). Agents: see https://search.stillhousedata.com/llms.txt.