# REHMANN FINANCIAL NETWORK, LLC X-17A-5 (2022-03-01) — Broker-dealer annual report - Company: REHMANN FINANCIAL NETWORK, LLC - Form: X-17A-5 - Filed: 2022-03-01 - Period: 2021-12-31 - Accession: 0001554729-22-000002 - CIK: 1554729 - File #: 8-69134 - Type: Broker-dealer - Material weakness: No - Auditor: Warren Averett, LLC - Auditor location: Atlanta, GA - Contact: Nicole Spitzley - Phone: 517-316-2438 - Email: nicole.spitzley@rehmann.com - Website: rehmann.com - Signed by: Nicole Spitzley (Chief Compliance Officer) Original filing: https://www.sec.gov/Archives/edgar/data/1554729/000155472922000002/02.28.2022RFNFinaledgar.pdf --- {0}------------------------------------------------ #### - - - - 8B?6YfPJVEz{z|}~{z
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# | | | | | 6AB<83349BE@@@@@@@@@@@@@@@@@@@@@@@@@@@@@@@@@@@@@@@@@@@@@@@@@@@@@@@@@@@@@@@@@@@@@@@ | Rehmann Financial Network, LLC | | | | | :D=<839<74F:9A6:GHIJHKLMMLNNMOHLPMJPQRJSTE
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4086 Legacy Parkway | | | | | | | G6QcL^XFZVJJZT | | | | | Lansing
@@@@@@@@@@@@@@@@@@@@@@@@@@@@@@@@@@@@@@@@@@@@@@@@@@@@@@@@@@@@@@@@@@@@@@@@@@@@@@@@@@@@@ | MI | | | 48911 | | G_OZ[T | GFZLZJT | | | GdON_QXJT | | =<9F86:8_86:A_:e4:;9<7A9>:8:;4F345467 | | | | | | @@@@@@@@@@@@@@@@@@@@@@@@@@@@@@@@@@@@@@@@@@@@@@@@@@@@@@@@@@@@@@@@@@@@@@@@@@@@@@@@@@@@@
Nicole Spitzley | 517-316-2438 | | | nicole.spitzley@rehmann.com | | G6LfJT | GAVJL_QXJg:JMJNIQ^J6YfPJVT | | G


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Warren Averett, LLC | | | | | | | G6LfJgO`O^XOaOXYLMkSZLZJMLSZk`OVSZkL^XfOXXMJ^LfJT | | | | | @@@@@@@@@@@@@@@@@@@@@@@@@@@@@@@@@@@@@@@@@@@@@@@@@@@@@@@@@@@@@@@@@@@@@@@@@@@@@@@@@@@@@
6 Concourse Parkway, Suite 600 Atlanta | | | GA | 30328 | | GAXXVJSST | G_OZ[T | | GFZLZJT | GdON_QXJT | | @@@@@@@@@@@@@@@@@@@@@@@@@@@@@@@@@@@@@@@@@@@@@@@@@@@@@@@@@@@@@@@@@@@@@@@@@@@@@@@@@@@@@
2226 | | | 05/17/2005 | | | G>LZJQ`9JiOSZVLZOQ^\OZI=_A8?TGO`LNNMOHLPMJT | ###
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!l | | | | j_MLOfS`QVJRJfNZOQ^`VQfZIJVJmYOVJfJ^ZZILZZIJL^^YLMVJNQVZSPJHQaJVJXP[ZIJVJNQVZSQ`L^O^XJNJ^XJ^ZNYPMOH | | | | | LHHQY^ZL^ZfYSZPJSYNNQVZJXP[LSZLZJfJ^ZQ``LHZSL^XHOVHYfSZL^HJSVJMOJXQ^LSZIJPLSOSQ`ZIJJRJfNZOQ^cFJJno \_39pqrcnoLWsGJTGnTGOOTkO`LNNMOHLPMJc "\*(t(\*(\*u-\*0..\*0''()0\*-'()(\*(\*+,(\*-(\*u-,.\*\*'() -u.v0,((\*.vw.-h0(.,)x\*( {1}------------------------------------------------ | swear (or affirm) that, to the best of my knowledge and belief, the
Nicole Spitzley | | | |------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|--|--| | financial report pertaining to the firm of Rehmann Financial Network, LLC
as of
March 181 | | | | , 2 022 , is true and correct. I further 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 solely | | | | as that of a customer. | | | | | | | | Signature!
KYLE KUJAWA
Notary Public, State of Michigan | | | | County Of Wayne
Inte: | | | | _My Commission Expires 08-10-2023
Chief Compliance Officer
Acting in the County of Lagham | | | | Nøtary 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. | | | | L (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. | | | | 1) [] 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 or
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. | | | | 18 (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. | | | | [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. | | | | K (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. | | | | 2 (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. | | | | 12 (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). | | | {2}------------------------------------------------ # Rehmann Financial Network, LLC Years Ended December 31, 2021 Financial Statements and Supplemental Information ![](_page_2_Picture_3.jpeg) {3}------------------------------------------------ | TABLE OF CONTENTS | PAGE | |--------------------------------------------------------------------------------------------------------------------|------| | | | | Report of Independent Registered Public Accounting Firm | 1 | | Financial Statement for the Year Ended December 31, 2021 | | | Statement of Financial Condition | 2 | | Statements of Income | 3 | | Statement of Changes in Member's Equity | 4 | | Statement of Cash Flows | 5 | | Notes to Financial Statements | 6 | | Supplemental Information | | | Computation of Net Capital Pursuant to Rule 15c3-1 of the Securities
Exchange Act of 1934 (Schedule I) | 9 | | Other Information (Schedule II) | 10 | | Exemption Report SEA Rule 17a-5(d)(4) | 11 | | Report of Independent Registered Public Accounting Firm
Review of the Exemption Report SEA Rule 17a-5(g)(2)(ii) | 12 | {4}------------------------------------------------ ![](_page_4_Picture_0.jpeg) #### **REPORT OF INDEPENDENT REGISTERED PUBLIC ACCOUNTING FIRM** To the Member of Rehmann Financial Network, LLC We have reviewed management's statements, included in the accompanying Rule 15c3-3 Exemption Report pursuant to SEC Rule 17a-5, in which (1) Rehmann Financial Network, LLC (Company) did not claim an exemption under paragraph (k) of 17 C.F.R. §240.15c3-3, and (2) the Company is filing this Exemption Report relying on Footnote 74 of the SEC Release No. 34- 70073 adopting amendments to 17 C.F.R. § 240.17a-5 because the Company limits its business activities exclusively to the sale of Mutual Funds and Variable Annuities via "subscription way"/"application way" basis (aka "check and ap"). Mutual funds and variable annuities will be processed via third-party applications and checks or wires made out to the third-party fund company via a "subscription way basis". The Company does not hold customer funds or safekeep customer securities and did not carry PAB accounts (as defined in Rule 15c3-3) throughout the most recent fiscal year without exception. The firm does not have a clearing agreement. Rehmann Financial Network, LLC's management is responsible for compliance with the exemption provisions and its statements. Our review was conducted in accordance with the standards of the Public Company Accounting Oversight Board (United States) and, accordingly, included inquiries and other required procedures to obtain evidence about Rehmann Financial Network, LLC's compliance with the exemption provisions. A review is substantially less in scope than an examination, the objective of which is the expression of an opinion on management's statements. Accordingly, we do not express such an opinion. Based on our review, we are not aware of any material modifications that should be made to management's statements referred to above for them to be fairly stated, in all material respects, based upon the Company's business activities contemplated by Footnote 74 of the SEC Release No. 34-70073 adopting amendments to 17 C.F.R. § 240.17a-5, and related SEC Staff Frequently Asked Questions. Atlanta, Georgia February 25, 2022 {5}------------------------------------------------ ## **Statement of Financial Condition** December 31, 2021 | Assets | | |---------------------------------------------|---------------| | Cash - Chase | \$
842,811 | | Receivable from Affiliate | 6,771 | | Prepaid Expenses | 22,494 | | Total Assets | \$
872,076 | | Liabilities and Member's Equity | | | Liabilities | | | Accounts Payable | \$
83,625 | | Accounts Payable - Related Party | 7,575 | | Total Liabilities | 91,200 | | Member's Equity | | | Paid in Capital - Rehmann Financial Network | 107,140 | | Member's Equity | 673,736 | | Total Member's Equity | 780,876 | | Total Liabilities and Member's Equity | \$
872,076 | {6}------------------------------------------------ #### **Statement of Operations** Year Ended December 31, 2021 | Income | | |----------------------------------|---------------| | Broker - Dealer | \$
768,358 | | Total Net Fees | 768,358 | | Salaries | | | Payroll Expense | 47,160 | | Payroll Expense - Advisors | 153,672 | | Payroll Taxes | 2,076 | | Total Salaries | 202,908 | | Personnel | | | 401(k) Expense | 816 | | Group Insurance Benefits | 2,256 | | Professional Dues | 312 | | Professional Education | 1,176 | | Employee Relations | 528 | | Total Personnel | 5,088 | | Facilities | | | Rent | 5,460 | | Overhead Allocation | 5,052 | | Total Facilities | 10,512 | | Computer Facilities | | | Computer Software | 6,115 | | Computer Licenses | 40,100 | | Total Computer Facilities | 46,215 | | Other Operating Expenses | | | Insurance | 4,074 | | Subscription Publication Service | 3,397 | | License Fees | 28,255 | | Office Supplies and Expenses | 156 | | Telephone | 372 | | Professional Services | 46,658 | | Auto and Travel Expense | 3,708 | | Total Other Operating Expenses | 86,621 | | Total Expenses | 351,344 | | Net Income | \$
417,014 | {7}------------------------------------------------ ## **Statement of Changes in Member's Equity** Year Ended December 31, 2021 | Balance at December 31, 2020 | \$ | 363,862 | |------------------------------|----|---------| | Contributions | | - | | Distributions | | - | | Net Income | | 417,014 | | Balance at December 31, 2021 | \$ | 780,876 | {8}------------------------------------------------ #### **Statement of Cash Flows** Year Ended December 31, 2021 | Cash from Operating Activities
Net Income
Adjustments to Reconcile Net income to Net
Cash Provided by Operating Activities
Changes in Operating Assets and Liabilities | \$
417,014 | |------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|-------------------------------------| | Which Provided (Used) Cash
Accounts Receivable
Prepaid Expenses
Accounts Payable
Accrued Payroll | (6,771)
645
77,867
(5,160) | | Net Cash Provided by Operating Activities | 483,595 | | Net Increase in Cash | 483,595 | | Cash, Beginning of Year | 359,216 | | Cash, End of Year | \$
842,811 | {9}------------------------------------------------ #### **NOTES TO FINANCIAL STATEMENTS** #### **1. DESCRIPTION OF BUSINESS AND SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES** General Organization and Business: Rehmann Financial Network, LLC (the "Company") was incorporated in Michigan on July 9, 2012. The Company is a registered broker-dealer under the Securities Exchange Act of 1934. The Company is a wholly-owned subsidiary of Rehmann Financial Group, ("RFG") a Michigan LLC. The Company started operations on April 16, 2014. The Company engages in the sale of Mutual Funds and Variable Annuities via "subscription way"/"application way" basis (aka "check and ap"). Mutual funds and variable annuities will be processed via thirdparty applications and checks or wires made out to the third-party fund company via a "subscription way basis". The Company does not hold customer funds or safekeep customer securities. The firm does not have a clearing agreement. Basis of Accounting: The Company prepares its financial statements on the accrual basis of accounting in accordance with accounting principles generally accepted in the United States of America. Revenue Recognition: Commission revenue is predominantly income received from other third party broker dealers and insurance carriers that is recognized when the terms of the sale of products and services to customers are substantially complete and collectability of the income is probable and determinable. Income Taxes: The Company's income or loss is reported on the member's tax return. Accordingly, the financial statements do not include a provision for income taxes. Management does not believe there are any uncertain tax positions as defined by Financial Accounting Standards Board (FASB) Accounting Standards Codification (ASC) 740 *Accounting for Income Taxes*. The Company could be subject to income tax examinations for its U.S. Federal and state tax filings for tax years 2018 to 2020, which are still open under the statute of limitations. Use of Estimates: The preparation of financial statements in conformity with accounting principles generally accepted in the United States of America requires management to make estimates and assumptions that affect certain reported amounts and disclosures. Accordingly, actual results could differ from those estimates. Cash: As of December 31, 2021, the Company did not hold any cash equivalents. The Company maintains balances with banks in excess of federally insured limits. Management believes the exposure to loss from such balances to be minimal. As of December 31, 2021, the Company's uninsured cash balance was approximately \$592,811. Fair Value of Financial Instruments: The Company estimates that the fair value of any financial instruments recognized on the statement of financial condition approximates their carrying value, as such financial instruments are short term in nature. Other assets and liabilities with short and intermediate-term maturities and defined settlement amounts, including receivables, payables and accrued expenses are reported at their contractual amounts, with approximate fair value. Subsequent Events: The Company has evaluated events and transactions that occurred between December 31, 2021 and February 25, 2022 which is the date the financial statements were issued, for possible recognition or disclosure in the financial statements and no matters were required to be recognized or disclosed in the financial statements. {10}------------------------------------------------ #### **NOTES TO FINANCIAL STATEMENTS** #### **2. NET CAPITAL REQUIREMENT** The Company, as a registered broker-dealer in securities, is subject to the Securities and Exchange Commission Uniform Net Capital Rule (Rule 15c3-1). The Company has elected to operate under that portion of the Rule which requires that the Company maintain "net capital" equal to the greater of \$5,000 or 6 2 /3% of "aggregate indebtedness," as those terms are defined in the Rule. Schedule I is included in the Supplemental Information of this report. Net capital and aggregate indebtedness changes from day-to-day, but as of December 31, 2021, the Company had net capital of \$736,613 which exceeded the minimum net capital requirement on that day of \$6,080 by \$730,533. The Company's ratio of aggregate indebtedness to net capital was 0.12 to 1. #### **3. RELATED PARTY TRANSACTIONS** The Company is a member of a group of affiliated companies and has material transactions and relationships with members of the group. Due to these relationships, it is possible that the terms of these transactions are not the same as those that would result among unrelated parties. #### *(a) Transactions with Rehmann Financial Group* RFG pays substantially all the accounts payable and payroll on behalf of the Company and RFG is reimbursed on a routine basis. RFG also provides general overhead services to the Company, such as (but not limited to) the cost of processing centralized accounts payable and payroll, as well as accounting and financial planning services which are charged by RFG. At December 31, 2021, the net amount of cash owed by the Company to RFG was \$7,575 and is included in accounts payable – related party on the statement of financial condition. #### **4. DEFINED CONTRIBUTION PLAN** Defined Contribution Plan: The Rehmann, LLC 401(k) Plan covers substantially all employees of the Company. Rehmann matches 30% of each participant's contributions not in excess of 10% of their compensation for each pay period. {11}------------------------------------------------ #### **Computation of Net Capital to Rule 15c3-1 (Schedule I)** December 31, 2021 | Computation of Net Capital | | |--------------------------------------------------------------------------------------------------------------------------------------------------------|---------------| | Total member's equity | \$
780,876 | | Deduct non-allowable assets | (29,265) | | Other deductions | (15,000) | | Net capital | \$
736,611 | | Computation of Aggregate Indebtedness | | | Total aggregate indebtedness | \$
91,200 | | Computation of Minimum Net Capital Requirement
Net capital | \$
736,611 | | Minimum net capital to be maintained
(greater of \$5,000 or 6 2/3% of total aggregate indebtedness) | 6,080 | | Net capital in excess of requirement | \$
730,531 | | Percentage of aggregate indebtedness to net capital | 12.38% | | Reconciliation of net capital as submitted on unaudited Form X-17A-5 as of
December 31, 2021 as filed on January 10, 2022, and audited net capital: | | | Audited
net
capital | \$
736,611 | |-------------------------------------------------------------------------|---------------| | Increase
in
nonͲallowable
receivable | (6,771) | | Decrease
in
expense | 7,167 | | Decrease
in
revenue | (60,128) | | Net
capital
as
submitted
on
unaudited
Form
XͲ17AͲ5 | \$
796,343 | See accompanying report of independent registered public accounting firm. {12}------------------------------------------------ #### **Other Information - (Schedule II)** December 31, 2021 #### **A) COMPUTATION FOR DETERMINATION OF RESERVE REQUIREMENTS UNDER RULE 15c3-3 OF THE SECURITIES AND EXCHANGE COMMISSION AS OF DECEMBER 31, 2021** The Company is considered a NonͲCovered Firm and, as such, is not required to comply with Rule 15c3Ͳ3 by reason of the SEC's guidance set forth in circumstances described in footnote 74 to Exchange Act Release No. 34Ͳ70073 (July 30, 2013). #### **B) INFORMATION RELATING TO THE POSSESSION OR CONTROL REQUIREMENTS UNDER RULE 15c3-3 OF THE SECURITIES AND EXCHANGE COMMISSION AS OF DECEMBER 31, 2021** The Company is considered a NonͲCovered Firm and, as such, is not required to comply with Rule 15c3Ͳ3 by reason of the SEC's guidance set forth in circumstances described in footnote 74 to Exchange Act Release No. 34Ͳ70073 (July 30, 2013). #### **C) STATEMENT OF CHANGES IN LIABILITIES SUBORDINATED TO CLAIMS OF GENERAL CREDITORS AS OF DECEMBER 31, 2021** The statement of changes in liabilities subordinated to claims of general creditors has been omitted since Rehmann Financial Network, LLC had no such liabilities outstanding at the beginning of the year, during the year or at year end. {13}------------------------------------------------ ![](_page_13_Picture_0.jpeg) February 25, 2022 Warren Averett Six Concourse Parkway Suite 600 Atlanta, GA 30338N #### **Rehmann Financial Network, LLC.'s Exemption Report** Rehmann Financial Network, LLC (the "Company") is a registered broker-dealer subject to Rule 17a-5 promulgated by the Securities and Exchange Commission (17 C.F.R. §240.17a-5, "Reports to be made by certain brokers and dealers"). This Exemption Report was prepared as required by 17 C.F.R. § 240.17a-5(d)(1) and (4)**.** To the best of its knowledge and belief, the Corporation states the following: - (1) Pursuant to paragraph k(2)(1) of SEA Rule 15c3-3, the Company is claiming an exemption from SEA Rule 15c-3-3 throughout the period from January 1, 2021 through December 31, 2021, without exception. - (2) The Company adhered to the net capital requirement pursuant to SEC Rule 15c3- 1(1)(2)(vi) and did not receive or hold customers' funds or securities and did not carry customers' accounts. The above statement is true and correct to the best of my and the Company's knowledge. Name: Nicole Spitzley Title: Chief Compliance Officer Securities offered through Rehmann Financial Network, LLC, member FINRA/SIPC. Investment advisory services offered through Rehmann Financial, a Registered Investment Advisor. Rehmann is an independent member of Nexia International. Nexia is not affiliated with Rehmann Financial Network, LLC, or Rehmann Financial. Rehmann is an independent member of Nexia International. ![](_page_13_Picture_11.jpeg) {14}------------------------------------------------ ![](_page_14_Picture_0.jpeg) #### **REPORT OF INDEPENDENT REGISTERED PUBLIC ACCOUNTING FIRM** To the Member of Rehmann Financial Network, LLC #### **Opinion on the Financial Statements** We have audited the accompanying statement of financial condition of Rehmann Financial Network, LLC as of December 31, 2021, the related statements of income, changes in member's equity, and cash flows for the year then ended, and the related notes (collectively referred to as the "financial statements"). In our opinion, the financial statements present fairly, in all material respects, the financial position of Rehmann Financial Network, LLC as of December 31, 2021, and the results of its operations and its cash flows for the year then ended in conformity with accounting principles generally accepted in the United States of America. #### **Basis for Opinion** These financial statements are the responsibility of Rehmann Financial Network, LLC's management. Our responsibility is to express an opinion on Rehmann Financial Network, LLC's financial statements 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 Rehmann Financial Network, LLC 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 statements are 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 statements, 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 our opinion. #### **Auditor's Report on Supplemental Information** The supplementary information contained in Schedule I, Computation of Net Capital Under Rule 15c3-1 and Schedule II, Other Information have been subjected to audit procedures performed in conjunction with the audit of Rehmann Financial Network, LLC's financial statements. The supplemental information is the responsibility of Rehmann Financial Network, LLC's management. Our audit procedures included determining whether the supplemental information reconciles to the financial statements or the underlying accounting and other records, as applicable, and performing procedures to test the completeness and accuracy of the information presented in the supplemental information. In forming our opinion on the supplemental information, we evaluated whether the supplemental information, including its form and content, is presented in conformity with 17 C.F.R. §240.17a-5. In our opinion, the supplemental information is fairly stated, in all material respects, in relation to the financial statements as a whole. We have served as Rehmann Financial Network, LLC's auditor since 2014. Atlanta, Georgia February 25, 2022 {15}------------------------------------------------ ![](_page_15_Picture_0.jpeg) #### **REPORT OF INDEPENDENT REGISTERED PUBLIC ACCOUNTING FIRM ON APPLYING AGREED-UPON PROCEDURES** Member of Rehmann Financial Network, LLC We have performed the procedures included in Rule 17a-5(e)(4) under the Securities Exchange Act of 1934 and in the Securities Investor Protection Corporation (SIPC) Series 600 Rules, which are enumerated below on the accompanying General Assessment Reconciliation (Form SIPC-7) for the year ended December 31, 2021. Management of Rehmann Financial Network, LLC (the Company) is responsible for its form SIPC-7 and for its compliance with the applicable instructions on Form SIPC-7. Management of the Company has agreed to and acknowledged that the procedures performed are appropriate to meet the intended purpose of assisting you and SIPC in evaluating the Company's compliance with the applicable instructions on Form SIPC-7 for the year ended December 31, 2021. Additionally, SIPC has agreed to and acknowledged that the procedures performed are appropriate for their intended purpose. This report may not be suitable for any other purpose. The procedures performed may not address all the items of interest to a user of this report and may not meet the needs of all users of this report and, as such, users are responsible for determining whether the procedures performed are appropriate for their purposes. The sufficiency of these procedures is solely the responsibility of those parties specified in this report. Consequently, we make no representation regarding the sufficiency of the procedures described below either for the purpose for which this report has been requested or for any other purpose. The procedures we performed and our findings are as follows: - 1) Compared the listed assessment payments in Form SIPC-7 with respective cash disbursement records entries, noting no differences. - 2) Compared the Total Revenue amounts reported on the Annual Audited Report Form X-17A-5 Part III for the year ended December 31, 2021 (for Statement of Operations amounts that are presented on a quarterly basis in the Form X-17A-5, we aggregated the amounts for the periods presented for the period January 1, 2021 through March 31, 2021; April 1, 2021 through June 30, 2021; July 1, 2021 through September 30, 2021; and October 1, 2021 through December 31, 2021), as applicable, with the Total Revenue amounts reported in Form SIPC-7 for the year ended December 31, 2021, noting no differences. - 3) Compared any adjustments reported in Form SIPC-7 with supporting schedules and working papers, noting no differences. - 4) Recalculated the arithmetical accuracy of the calculations reflected in Form SIPC-7 and in the related schedules and working papers. We agreed all adjustments to the audited trial balance noting clerical accuracy and recalculated the fee paid to the Securities Investor Protection Corporation supporting the adjustments noting no differences. - 5) Noted that no overpayment existed based on the calculations described above and noted that Form SIPC-7 did not indicate any overpayment. {16}------------------------------------------------ We were engaged by the Company to perform this agreed-upon procedures engagement and conducted our engagement in accordance with attestation standards established by the AICPA and in accordance with the standards of the Public Company Accounting Oversight Board (United States). We were not engaged to and did not conduct an examination or a review engagement, the objective of which would be the expression of an opinion or conclusion, respectively, on the Company's Form SIPC-7 and for its compliance with the applicable instructions on Form SIPC-7 for the year ended December 31, 2021. Accordingly, we do not express such an opinion or conclusion. Had we performed additional procedures, other matters might have come to our attention that would have been reported to you. We are required to be independent of the Company and to meet our other ethical responsibilities in accordance with the relevant ethical requirements related to our agreed-upon procedures engagement. This report is intended solely for the information and use of Rehmann Financial Network, LLC and the SIPC and is not intended to be and should not be used by anyone other than these specified parties. Atlanta, Georgia February 25, 2022 Source: SEC EDGAR via Adviser Search (https://search.stillhousedata.com). Agents: see https://search.stillhousedata.com/llms.txt.