# OAKPOINT SOLUTIONS, LLC X-17A-5 (2021-03-02) — Broker-dealer annual report

- Company: OAKPOINT SOLUTIONS, LLC
- Form: X-17A-5
- Filed: 2021-03-02
- Period: 2020-12-31
- Accession: 0001609178-21-000002
- CIK: 1609178
- File #: 8-69477
- Material weakness: No
- Auditor: Hacker, Johnson and Smith PA
- Auditor location: Tampa, FL
- Contact: Cris Capozzalo
- Phone: 212-588-6440
- Signed by: Gerard Coughlin (CEO)

Original filing: https://www.sec.gov/Archives/edgar/data/1609178/000160917821000002/fixed_confin.pdf

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# Oakpoint Solutions, LLC

Report Pursuant to Rule 17a-5 Under the Securities Exchange Act of 1934

December 31, 2020

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UNITEDSTATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549

OMB APPROVAL OMB Number: 3235-0123 Expires: October 31, 2023 Estimated average burden hours per response .. . . . . . . . 12.00

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# ANNUAL AUDITED REPORT FORM X-17A-5 PART III

SEC FILE NUMBER

FACING PAGE Information Required of Brokers and Dealers Pursuant to Section 17 of the Securities Exchange Act of 1934 and Rule 17a-5 Thereunder

|                                                                                                             | AND ENDING 12/31/20<br>report for the period beginning 01/01/20     |         |                                |
|-------------------------------------------------------------------------------------------------------------|---------------------------------------------------------------------|---------|--------------------------------|
|                                                                                                             | MM/DD/YY                                                            |         | MM/DD/YY                       |
|                                                                                                             | A. REGISTRANT IDENTIFICATION                                        |         |                                |
| NAME OF BROKER-DEALER: Oakpoint Solutions, LLC                                                              |                                                                     |         | OFFICIAL USE ONLY              |
| ADDRESS OF PRINCIPAL PLACE OF BUSINESS: (Do not use P.O. Box No.)                                           |                                                                     |         | FIRM I.D. NO.                  |
| 100 South Ashley Drive, Suite 1130                                                                          |                                                                     |         |                                |
|                                                                                                             | (No. and Street)                                                    |         |                                |
| Tampa                                                                                                       | Florida                                                             |         | 33602                          |
| (City)                                                                                                      | (State)                                                             |         | (Zip Code)                     |
| NAME AND TELEPHONE NUMBER OF PERSON TO CONTACT IN REGARD TO THIS REPORT<br>Gerard Coughlin                  |                                                                     |         | 212-588-6401                   |
|                                                                                                             |                                                                     |         | (Area Code - Telephone Number) |
|                                                                                                             | B. ACCOUNTANT IDENTIFICATION                                        |         |                                |
| INDEPENDENT PUBLIC ACCOUNTANT whose opinion is contained in this Report*                                    |                                                                     |         |                                |
| Hacker Johnson & Smith PA                                                                                   |                                                                     |         |                                |
|                                                                                                             | (Name - if individual, state last, first, middle name)              |         |                                |
| 500 North Westshore Boulevard, Suite 1000 Tampa                                                             |                                                                     | EL      | 33609                          |
| (Address)                                                                                                   | (City)                                                              | (State) | (Zip Code)                     |
| CHECK ONE:                                                                                                  |                                                                     |         |                                |
| Certified Public Accountant                                                                                 |                                                                     |         |                                |
| Public Accountant                                                                                           |                                                                     |         |                                |
|                                                                                                             | Accountant not resident in United States or any of its possessions. |         |                                |
|                                                                                                             | FOR OFFICIAL USE ONLY                                               |         |                                |
|                                                                                                             |                                                                     |         |                                |
|                                                                                                             |                                                                     |         |                                |
| W. I langunting than the namical that the anyerd young by the anyong of an indonomant mining and one of the |                                                                     |         |                                |

Claims for exemption from the requirement that the annual report be covered by the opinion of an independent public accountant must be supported by a statement of facts and circumstances relied on as the basis for the exemption. See Section 240.17a-5(c)(2)

> Potential 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.

SEC 1410 (11-05)

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### OATH OR AFFIRMATION

### I. Gerard Coughlin

were was a more and a more a swear (or affirm) that, to the best of

my knowledge and belief the accompanying financial statement and supporting schedules pertaining to the firm of Oakpoint Solutions, LLC ------------------------------------------------------------------------------------------------------------------------------------------------------------------------------

of February 26 are the many and correct. I further swear (or affirm) that

neither the company nor any partner, principal officer or director has any proprietary interest in any account classified solely as that of a customer, except as follows:

|       |                                                                                                                                                                                               | Signature                                                                                                     |
|-------|-----------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|---------------------------------------------------------------------------------------------------------------|
|       |                                                                                                                                                                                               | CEO                                                                                                           |
|       |                                                                                                                                                                                               | Title                                                                                                         |
|       | Notary Public                                                                                                                                                                                 | MICHAEL GEORGE LATIMER<br>Notary Public - State of Florida<br>Commission # GG 116080                          |
|       | This report ** contains (check all applicable boxes):                                                                                                                                         | My Comm. Expires Jun 19, 2021                                                                                 |
|       | (a) Facing Page.<br>(b) 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 Changes in Financial Condition.                                                                                                                                              |                                                                                                               |
| । < र | (e) Statement of Changes in Stockholders' Equity or Partners' or Sole Proprietors' Capital.                                                                                                   |                                                                                                               |
|       | (f) Statement of Changes in Liabilities Subordinated to Claims of Creditors.                                                                                                                  |                                                                                                               |
| く     | (g) Computation of Net Capital.                                                                                                                                                               |                                                                                                               |
|       | (h) Computation for Determination of Reserve Requirements Pursuant to Rule 15c3-3.                                                                                                            |                                                                                                               |
|       | (i) Information Relating to the Possession or Control Requirements Under Rule 15c3-3.                                                                                                         |                                                                                                               |
|       | (i) A Reconciliation, including appropriate explanation of Net Capital Under Rule 15c3-1 and the<br>Computation for Determination of the Reserve Requirements Under Exhibit A of Rule 15c3-3. |                                                                                                               |
|       | consolidation.                                                                                                                                                                                | (k) A Reconciliation between the audited Statements of Financial Condition with respect to methods of         |
|       | An Oath or Affirmation.<br>(1)                                                                                                                                                                |                                                                                                               |
|       | (m) A copy of the SIPC Supplemental Report.                                                                                                                                                   |                                                                                                               |
|       |                                                                                                                                                                                               | (n) A report describing any material inadequacies found to have existed since the date of the previous audit. |
|       |                                                                                                                                                                                               |                                                                                                               |

\*\* For conditions of confidential treatment of certain portions of this filing, see section 240.17a-5(e)(3).

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# CONTENTS

|                                                                                                                                                 | Page    |
|-------------------------------------------------------------------------------------------------------------------------------------------------|---------|
| SEC FORM X-17A-5                                                                                                                                |         |
| OATH OF AFFIRMATION                                                                                                                             |         |
| REPORT OF INDEPENDENT REGISTERED PUBLIC ACCOUNTING FIRM                                                                                         | 1       |
| FINANCIAL STATEMENTS                                                                                                                            |         |
| Statement of Financial Condition                                                                                                                | 2       |
| Statement of Income                                                                                                                             | 3       |
| Statement of Changes in Member's Equity                                                                                                         | ব       |
| Statement of Cash Flows                                                                                                                         | 5       |
| Notes to Financial Statements                                                                                                                   | 6 - 11  |
| SUPPLEMENTAL INFORMATION                                                                                                                        |         |
| Computation of Net Capital Per Uniform Net Capital Rule 15c3-1                                                                                  | 12      |
| Statement on Exemption from the Computation of Reserve Requirements and<br>Information for Possession or Control Requirements Under Rule 15c3-3 | 13      |
| REPORT OF INDEPENDENT REGISTERED PUBLIC ACCOUNTING FIRM ON<br>THE EXEMPTION REPORT                                                              | 14      |
| EXEMPTION REPORT                                                                                                                                | । ਟ     |
| REPORT OF INDEPENDENT REGISTERED PUBLIC ACCOUNTING FIRM ON<br>APPLYING AGREED-UPON PROCEDURES RELATED TO AN ENTITY'S                            |         |
| SIPC ASSESSMENT RECONCILIATION                                                                                                                  | 16 - 17 |
| FORM SIPC-7                                                                                                                                     | 18 - 19 |

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![](_page_4_Picture_0.jpeg)

HACKER, JOHNSON & SMITH PA

Fort Lauderdale Orlando Tampa

Certified Public Accountants

### Report of Independent Registered Public Accounting Firm

To the Members of Oakpoint Solutions, LLC Tampa, Florida

### Opinion on the Financial Statements

We have audited the accompanying statement of financial condition of Oakpoint Solutions, LLC (the "Company") as of December 31, 2020, the related statement of income, changes in member's equity, and cash flows for the year then ended, and the related notes and the computation of net capital (collectively referred to as the financial statements). In our opinion, the financial statements present fairly, in all material position of the Company as of December 31, 2020, 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 the Company's management. Our responsibility is to express an opinion on the Company'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 the Company 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 principles used and sigmificant 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.

### Supplemental Information

The Computation of Net Capital has been subjected to audit procedures performed in conjunction with the audit of the Company's financial statements. The supplemental information is the Company'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 Computation of Net Capital is fairly stated, in all material respects, in relation to the financial statements as a whole.

HACKER, JOHNSON & SMITH PA We have served as Oakpoint Solutions, LLC's auditor since 2015. Tampa, Florida February 26, 2021

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# OAKPOINT SOLUTIONS, LLC

# STATEMENT OF FINANCIAL CONDITION

DECEMBER 31, 2020

### ASSETS

| CASH                                                                       | S     | 91,369           |
|----------------------------------------------------------------------------|-------|------------------|
| ACCOUNTS RECEIVABLE                                                        |       | 4,000            |
| DUE FROM AFFILIATE                                                         |       | 58,124           |
| MANAGEMENT FEES RECEIVABLE                                                 |       | 3,494,505        |
| RIGHT OF USE ASSET                                                         |       | 46,050           |
| OTHER ASSETS                                                               |       | 26,958           |
| PROPERTY AND EQUIPMENT, NET                                                |       | 27,638           |
|                                                                            | S     | 3,748,644        |
| LIABILITIES AND MEMBERS' EQUITY                                            |       |                  |
| LIABILITIES<br>Accounts payable and accrued liabilities<br>Lease Liability | સ્ત્ર | 19,768<br>47,368 |
| Total liabilities                                                          |       | 67.136           |
| COMMITMENTS AND CONTINGENCIES                                              |       |                  |
| MEMBER'S EQUITY                                                            |       | 3,681,508        |
|                                                                            | S     | 3 748 644        |

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# OAKPOINT SOLUTIONS, LLC STATEMENT OF INCOME YEAR ENDED DECEMBER 31, 2020

| REVENUE                          |                |
|----------------------------------|----------------|
| Management and marketing fees    | S<br>1,689,192 |
| EXPENSES                         |                |
| Salaries                         | 1,035,547      |
| Professional fees                | 88,269         |
| Travel                           | 68,076         |
| Communications                   | 53,600         |
| Rent                             | 57,565         |
| Office Expenses                  | 10,507         |
| Dues and Subscriptions           | 9,729          |
| Regulatory Fees                  | 33,211         |
| Other general and administrative | 838            |
| Utilities                        | 1,568          |
| Insurance                        | 5,358          |
| Business Licenses and Permits    | 2,587          |
| Depreciation                     | 12,094         |
| Total expenses                   | 1,378,949      |
| NET INCOME                       | ea<br>310,243  |

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# OAKPOINT SOLUTIONS, LLC STATEMENT OF CHANGES IN MEMBERS' EQUITY YEAR ENDED DECEMBER 31, 2020

| Balance at December 31 ,2019 | \$ 3.066.265 |
|------------------------------|--------------|
| Net Income                   | 310,243      |
| Member Contributions         | 305.000      |
| Balance at December 31, 2020 | \$ 3,681,508 |

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# OAKPOINT SOLUTIONS, LLC STATEMENT OF CASH FLOWS YEAR ENDED DECEMBER 31, 2020

| CASH FLOWS FROM OPERATING ACTIVITIES.                                         |       |           |
|-------------------------------------------------------------------------------|-------|-----------|
| Net Income                                                                    | સ્ત્ર | 310,243   |
| Adjustments to reconcile net income to net cash used in operating activities: |       |           |
| Depreciation                                                                  |       | 12,094    |
| Changes in operating assets and liabilities:                                  |       |           |
| Accounts Receivable                                                           |       | 6,312     |
| Management Fees Receivable                                                    |       | (647,351) |
| Other assets                                                                  |       | (42,280)  |
| Accounts payable and accrued liabilities                                      |       | (5,176)   |
| Net change in operating leases                                                |       | 127       |
| Total adjustments                                                             |       | (676,274) |
| Net cash used in operating activities                                         |       | (366,031) |
| CASH FLOWS FROM FINANCING ACTIVITY-                                           |       |           |
| Member contributions                                                          |       | 305,000   |
| NET DECREASE IN CASH                                                          |       | (61,031)  |
| CASH - BEGINNING OF YEAR                                                      |       | 152,400   |
| CASH - END OF YEAR                                                            | ಕಾ    | 91,369    |
|                                                                               |       |           |
| Supplemental disclosure of cash flow information-                             |       |           |
| Cash paid during the year for interest                                        | સ્ત્ર |           |

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#### NOTE 1. SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES

### Description of Business and Organization

Oakpoint Solutions, LLC. ("Oakpoint" or the "Company") is a registered broker-dealer with the Securities and Exchange Commission and is a member of the Financial Industry Regulatory Authority (FINRA). It was formed in Florida in January 2014 and began its broker dealer operations on January 23, 2015. The Company conducts activities as a finder and/or placement agent to unaffiliated institutional investment fund managers ("Investment managers") that issue private placement securities exempt from registration with the Securities and Exchange Commission ("SEC"). Fund sales in which the Company engages involve securities not required to be registered with the SEC pursuant to the Securities Act of 1933 and that are offered by Investment managers registered with the SEC pursuant to the Investment Company Act of 1940. The Company is a wholly-owned subsidiary of CKT LLC ("CKT"), a Delaware limited liability company.

### Government and Other Regulation

The Company's business is subject to significant regulation by various governmental agencies and self-regulatory organizations. Regulatory oversight includes periodic examinations by FINRA and other regulatory bodies to determine whether the Company is conducting operations in accordance with the requirements of these organizations. The Company regularly reports financials to FINRA in accordance with their guidelines.

The accounting and reporting policies of the Company conform to accounting principles generally accepted in the United States of America ("GAAP") and to prevailing practices within the industry. The following summarizes the more significant of these policies and practices.

### Subsequent Events

Management has evaluated events occurring subsequent to the balance sheet date through February 26, 2021 (the financial statement issuance date), determining no events require additional disclosure in these financial statements.

### Use of Estimates in the Preparation of Financial Statements

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 as of the statement of financial condition date and the reported amounts of revenues and expenses for the year presented. Actual results could differ from those estimates.

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#### SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES, CONTINUED NOTE 1.

The contingent revenue was recognized at the time the fund had achieved an 8% return. During the year ending December 31, 2020, the Company recognized additional placement fees related to the election to defer payment of \$688,500. The Company believes the performance obligation related to the placement fees were satisfied when the private placement transaction closed in 2017, and when the fund elected to defer the payment.

### Management Fees Receivable

Management fees receivable are billed based on the terms of the individual contracts with the Company's customers and includes \$3.4 million in placement fees. The allowance for doubtful accounts is estimated on a specific identification basis considering the financial condition of the customer and other specific facts and circumstances. Management fees receivable are written off when they are determined to be uncollectible. Based on management's review of accounts receivable, an allowance for doubtful accounts was not considered necessary at December 31, 2020.

### Cash and Cash Equivalents

The Company considers all cash and highly liquid investments with original purchased maturities of three months or less to be cash equivalents.

From time to time, the Company maintains cash balances with financial institutions in excess of federally insured limits.

### Property and Equipment

Furniture, fixtures and office equipment are stated at cost less accumulated depreciation. Depreciation expense is computed using the straight-line method over the estimated useful life of each type of asset.

### Income Taxes

The Company is a single member limited liability company and, as such, is treated as a disregarded tax entity for income tax purposes. Accordingly, all taxable income (loss) of the Company is reported by CKT in its tax returns.

{12}------------------------------------------------

#### NOTE 2. NET CAPITAL REQUIREMENTS

As a registered broker-dealer, the Company is subject to the Uniform Net Capital Rule of the Securities and Exchange Commission, which requires that "Net Capital", as defined, shall be at least the greater of \$5,000 or 6 2/3% of "Aggregate Indebtedness", as defined. At December 31, 2020, the Company's Net Capital was \$70,283 which exceeded the requirements by \$65,283. The ratio of "Aggregate Indebtedness" to "Net Capital" was 0.3 to 1 at December 31, 2020.

### NOTE 3. PROPERTY AND EQUIPMENT

Property and equipment at December 31, 2020 consisted of the following:

| Furniture and fixtures         | S<br>42,558 |
|--------------------------------|-------------|
| Office equipment               | 29,637      |
|                                | 72,195      |
| Less: accumulated depreciation | (44.557)    |
|                                | S<br>27.638 |

Depreciation expense amounted to \$12,094 for the year ended December 31, 2020.

#### NOTE 4. COMMITMENTS AND CONTINGENCIES

### Lease Commitments

The Company recognizes operating lease right-of-use assets and operating lease liabilities based on the present value of the future minimum lease payments at the adoption date of the lease. If the lease does not provide implicit rates, the incremental borrowing rate is used in determining the present value of future payments. Lease agreements that have lease and non-lease components, are accounted for as a single lease component. Lease expense is recognized on a straight-line basis over the lease term.

{13}------------------------------------------------

#### NOTE 4. COMMITMENTS AND CONTINGENCIES, CONTINUED

The operating lease obligation is for location used to conduct operations. The remaining lease term is approximately 5 months, with an option to extend the lease. The components of lease expense and other lease information are as follows (in thousands):

|                                                                                         | During the year ended<br>December 31, 2020 |
|-----------------------------------------------------------------------------------------|--------------------------------------------|
| Operating Lease Expense Recognized                                                      | \$ 57,565                                  |
| Cash paid for amounts included in measurement of<br>lease liability                     | \$ 32.673                                  |
|                                                                                         | At December 31, 2020                       |
| Operating lease right-of-use asset<br>Operating lease liability<br>Remaining lease term | \$ 46,050<br>\$ 47,368<br>5 months         |
| Discount term                                                                           | 2.40%                                      |

Future minimum lease payments under non-cancellable lease, reconciled to the Company's discounted lease liability are as follows:

### At December 31, 2020

| 2021                                | \$ 47.655 |
|-------------------------------------|-----------|
| Total future minimum lease payments | 47.655    |
| Less imputed interest               |           |
| Total operating lease liability     |           |

{14}------------------------------------------------

#### NOTE 5. RELATED PARTY TRANSACTIONS

The Company has an expense sharing agreement with Oakpoint, LLC, a whole owned subsidiary of CKT, as of December 31, 2020. Oakpoint, LLC was required to reimburse the Company for certain administrative, operational and management expenses. At December 31, 2020 the Company had \$58,124 in receivables from Oakpoint, LLC related to the expense sharing agreement. During the year ended December 31, 2020 Oakpoint, LLC reimbursed the Company \$115,655 in expenses.

{15}------------------------------------------------

SUPPLEMENTAL INFORMATION

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#### 

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# OAKPOINT SOLUTIONS, LLC STATEMENT ON EXEMPTION FROM THE COMPUTATION OF RESERVE REQUIREMENTS AND INFORMATION FOR POSSESSION OR CONTROL REQUIREMENTS UNDER RULE 15C3-3 DECEMBER 31, 2020

In accordance with the provisions of 17 C.F.R. § 240.15c3-3 based upon footnote 74 of SEC Release 34-70073, and as discussed in Q&A 8 of the related FAQ issued by the SEC staff the Company is considered a "Non-Covered Firm" and is exempt from the computation of a reserve requirement and the information relating to the possession or control requirements.

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HACKER, JOHNSON & SMITH PA

Fort Lauderdale Orlando Tampa

Certified Public Accountants

### Report of Independent Registered Public Accounting Firm on Exemption Report

To the Members Oakpoint Solutions, LLC Tampa, Florida:

We have reviewed management's statements, included in the accompanying Exemption Report, in which (1) Oakpoint Solutions, LLC (the "Company") identified that it is considered a "Non-Covered Firm" exempt from the provisions of 17 C.F.R. § 240.15c3-3 and is filing its Exemption Report relying on footnote 74 to SEC Release 34-70073, and as discussed in Q&A 8 of the related FAQ issued by the SEC staff. In the accompanying Exemption report, the Company's management stated that the identified exemptions have been met through the most recent fiscal year without exception. The Company'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 the Company'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 on the provisions set forth in Rule 15c3-3 under the Securities Exchange Act of 1934.

Jahren of Smith for

HACKER, JOHNSON & SMITH PA Tampa, Florida February 26, 2021

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### OAKPOINT SOLUTIONS, LLC EXEMPTION REPORT DECEMBER 31, 2020

Oakpoint Solutions, 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 Company states the following:

The Company is considered a "Non-Covered Firm" exempt from the provisions of 17 C.F.R § 240.15c3-3, based upon footnote 74 of SEC Release 34-70073, and as discussed in Q&A 8 of the related FAQ issued by the SEC staff and the Company met the exemption throughout the period from January 1, 2020 to December 31, 2020 without exception.

Oakpoint Solutions LLC Gerard Coughlin

CEO

Feb 26, 202 Date:

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4. the related schedules and working papers by reviewing the Form SIPC-7 worksheet supporting the adjustments noting no differences.

We were not engaged to, and did not conduct an examination, the objective of which would be the expression of an opinion on compliance. Accordingly, we do not express such an opinion. Had we performed additional procedures, other matters might have come to our attention that would have been reported to you.

This report is intended solely for the information and use of the specified parties listed above and is not intended to be and should not be used by anyone other than these specified parties.

HACKER, JOHNSON & SMITH PA Tampa, Florida February 26, 2021

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|                                                                                       |                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                      | SECURITIES INVESTOR PROTECTION CORPORATION<br>P.O. Box 92185 Washington, D.C. 20090-2185                                                                                       |                                                                                                                                                                                                                                                       |                                                                                                                                                                                |  |
|---------------------------------------------------------------------------------------|--------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|--------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|-------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|--------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|--|
| (36-REV 12/18)                                                                        |                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                      | 202-371-8300                                                                                                                                                                   | General Assessment Reconciliation                                                                                                                                                                                                                     |                                                                                                                                                                                |  |
|                                                                                       | TO BE FILED BY ALL SIPC MEMBERS WITH FISCAL YEAR ENDINGS<br>f. Name of Member, address, Designated Examining Authority, 1934 Act registration no. and month in which Irscal year ends for<br>purposes of the audit requirement of SEC Rule 17a-5:<br>124 27 8 8 8 8 8 8 8 8 8 8 8 8 8 8 8 8 8 8 8 8 8 8 8 8 8 8 8 2 2 2 8 8 0 2 2 2 2 8 8 0 2 2 2 2 8 0 2 2 2 2 2 2 2 2 2 2 2 2 2 2 2 2 2 2 2 2 2 2 2 2 2 2 2 2 2 2 2 2 2 2 2 2 2 2<br>69477 FINRA DEC<br>OAKPOINT SOLUTIONS LLC<br>100 S ASHLEY DR STE 1130<br>TAMPA, FL 33602-5320 | For the fiscal year ended 12/31/2020<br>(Read carefully the instructions in your Working Copy before completing this Form)                                                     | Note: If any of the information shown on the<br>mailing label requires correction, please e-mail<br>any corrections in form@sipc.org and so<br>indicate on the form filed.<br>Name and telephone number of person to<br>contact respecting this form. | (36-REV 12/18)                                                                                                                                                                 |  |
|                                                                                       | 2. A. General Assessment (item 2e from page 2)<br>B. Less payment made with SIPC-6 filed (exclude interest)                                                                                                                                                                                                                                                                                                                                                                                                                          |                                                                                                                                                                                | ర్ట్                                                                                                                                                                                                                                                  | 2,534<br>979                                                                                                                                                                   |  |
| July 28, 2020<br>Date Paid<br>C. Less prior overpayment applied                       |                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                      |                                                                                                                                                                                |                                                                                                                                                                                                                                                       |                                                                                                                                                                                |  |
|                                                                                       | D. Assessment balance due or (overpayment)<br>E. Interest computed on late payment (see instruction E) for _________________________________________________________________________________________________________________                                                                                                                                                                                                                                                                                                         |                                                                                                                                                                                |                                                                                                                                                                                                                                                       | 1,555                                                                                                                                                                          |  |
| G. PAYMENT: V the box                                                                 | F. Total assessment balance and interest due (or overpayment carried forward)<br>Check mailed to P.O. Box & Funds Wired U<br>Total (must be same as F above)                                                                                                                                                                                                                                                                                                                                                                         | ACH U<br>1,555<br>స్త్ర                                                                                                                                                        |                                                                                                                                                                                                                                                       | 1,555                                                                                                                                                                          |  |
| H. Overpayment carried forward                                                        |                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                      | న్న                                                                                                                                                                            |                                                                                                                                                                                                                                                       |                                                                                                                                                                                |  |
|                                                                                       | 3. Subsidiaries (S) and predecessors (P) included in this form (give name and 1934 Act registration number);<br>The SIPC member submitting this form and the<br>person by whom it is executed represent thereby                                                                                                                                                                                                                                                                                                                      |                                                                                                                                                                                |                                                                                                                                                                                                                                                       |                                                                                                                                                                                |  |
| that all information contained herein is true, correct<br>and complete.               |                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                      |                                                                                                                                                                                | Cakpoint Solutions, LLC<br>(Kamero Copporalyon, Partners Morbr other organizalion)<br>(Authorized Signature)                                                                                                                                          |                                                                                                                                                                                |  |
| Chief Operating Officer<br>Dated the 16 day of February , 20 21 .<br>(Tille)          |                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                      |                                                                                                                                                                                |                                                                                                                                                                                                                                                       |                                                                                                                                                                                |  |
| ్ర<br>Dates:<br>Postmarked                                                            | This form and the assessment payment is due 60 days after the end of the Working Copy of this form<br>for a period of not less than 6 years, the latest 2 years in an easily accessible place.<br>Received                                                                                                                                                                                                                                                                                                                           | Reviewed                                                                                                                                                                       |                                                                                                                                                                                                                                                       |                                                                                                                                                                                |  |
| REVIEWE<br>Calculations -<br>Exceptions:<br>ದ<br>d<br>Disposition of exceptions:<br>S |                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                      | Documentation ________________________________________________________________________________________________________________________________________________________________ |                                                                                                                                                                                                                                                       | Forward Copy ----------------------------------------------------------------------------------------------------------------------------------------------------------------- |  |

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### DETERMINATION OF "SIPC NET OPERATING REVENUES" AND GENERAL ASSESSMENT

Amounts for the fiscal period beginning 1/1/2020 and ending 12/31/2020

| tem No.<br>2a. Total revenue (FOCUS Line 12/Part IIA Line 9. Code 4030)                                                                                                                                                                                                                                                                                                                       |    | Eliminate cents<br>1,689,192<br>રેન્ડ    |
|-----------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|----|------------------------------------------|
|                                                                                                                                                                                                                                                                                                                                                                                               |    |                                          |
| 2b. Additions:<br>(1) Total revenues from the securities business of subsidiaries (except foreign subsidiaries) and<br>predecessors not included above.                                                                                                                                                                                                                                       |    |                                          |
| (2) Net loss from principal transactions in securities in Irading accounts.                                                                                                                                                                                                                                                                                                                   |    |                                          |
| (3) Net loss from principal transactions in commodities in trading accounts.                                                                                                                                                                                                                                                                                                                  |    |                                          |
| (4) Interest and dividend expense deducted in defermining item 2a.                                                                                                                                                                                                                                                                                                                            |    |                                          |
| (5) Net loss from management of or participation in the underwriting or distribution of securities.                                                                                                                                                                                                                                                                                           |    |                                          |
| (6) Expenses other than advertising, printing, registration fees and legal fees deducted in determining net<br>profit from management of or participation in underwriting or distribution of securities.                                                                                                                                                                                      |    |                                          |
| (7) Net loss from securities in investment accounts.                                                                                                                                                                                                                                                                                                                                          |    |                                          |
| Total additions                                                                                                                                                                                                                                                                                                                                                                               |    |                                          |
| 2c. Deductions:<br>(1) Revenues from the distribution of shares of a registered open end investment company of unit<br>investment trust, from the sale of variable annuities, from the business of insurance, from investment<br>advisory services rendered to registered investment companies or insurance company separate<br>accounts, and from transactions in security futures products. |    |                                          |
| (2) Revenues from commodily transactions.                                                                                                                                                                                                                                                                                                                                                     |    |                                          |
| (3) Commissions, floor brokerage and clearance paid to other SIPC members in connection with<br>securities transactions.                                                                                                                                                                                                                                                                      |    |                                          |
| (4) Reimbursements for postage in connection with proxy solicitation.                                                                                                                                                                                                                                                                                                                         |    |                                          |
| (5) Net gain from securities in investment accounts.                                                                                                                                                                                                                                                                                                                                          |    |                                          |
| (6) 100% of commissions and markups earned from fransactions in (i) certificates of deposit and<br>(ii) Treasury bills, bankers acceptances or commercial paper that mature nine months or less<br>from issuance date.                                                                                                                                                                        |    |                                          |
| (7) Direct expenses of printing advertising and legal lees incurred in connection with other revenue<br>related to the securities business (revenue defined by Section 16(9)(L) of the Act).                                                                                                                                                                                                  |    |                                          |
| (8) Other revenue not related either directly or indirectly to the securities business.<br>(See Instruction C):                                                                                                                                                                                                                                                                               |    |                                          |
| (Deductions in excess of \$100,000 require documentation)                                                                                                                                                                                                                                                                                                                                     |    |                                          |
| (9) (i) Total interest and dividend expense (FOCUS Line 22/PART IIA Line 13,                                                                                                                                                                                                                                                                                                                  |    |                                          |
| Code 4075 plus line 2b(4) above) but not in excess<br>of fotal interest and dividend income.                                                                                                                                                                                                                                                                                                  | కో |                                          |
| (ii) 40% of margin interest earned on customers securities<br>accounts (40% of FOCUS line 5, Code 3960).                                                                                                                                                                                                                                                                                      | S  |                                          |
| Enter the greater of line (i) or (ii)                                                                                                                                                                                                                                                                                                                                                         |    |                                          |
| Total deductions                                                                                                                                                                                                                                                                                                                                                                              |    |                                          |
| 2d. SIPC Net Operating Revenues                                                                                                                                                                                                                                                                                                                                                               |    | 1,689,192                                |
| 2e. General Assessment @ .0015                                                                                                                                                                                                                                                                                                                                                                |    | 2,534<br>સ્ત્ર<br>(to page 1. line 2.A.) |


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