# ALLIANCE-ONE INVESTMENTS, LLC X-17A-5 (2021-06-30) — Broker-dealer annual report - Company: ALLIANCE-ONE INVESTMENTS, LLC - Form: X-17A-5 - Filed: 2021-06-30 - Period: 2021-03-31 - Accession: 0001689899-21-000003 - CIK: 1689899 - File #: 8-69868 - Material weakness: No - Auditor: BDO USA LLP - Auditor location: Mclean, VA - Contact: William C. Arbo - Phone: 980-273-7537 - Website: bdo.com - Signed by: Jay Toomey (Chief Compliance Officer) Original filing: https://www.sec.gov/Archives/edgar/data/1689899/000168989921000003/alliancemarchshortprint.pdf --- {0}------------------------------------------------ | UNITEDSTATES | | |-----------------------------------|--| | SECURITIES ANDEXCHANGE COMMISSION | | | Washington, D.C. 20549 | | ## ANNUAL AUDITED REPORT FORM X-17A-5 PART III | | OMB APPROVAL | | |-------------|--------------|---------------------------| | OMB Number: | | 3235-0123 | | Expires: | | October 31, 2023 | | | | Estimated average burden | | | | hours per response 12.00 | | SEC FILE NUMBER | |-----------------| | 8-69868 | FACING PAGE Information Required of Brokers and Dealers Pursuant to Section 17 of the Securities Exchange Act of 1934 and Rule 17a-5 Thereunder | REPORT FOR THE PERIOD BEGINNING | 04/01/2020 | AND ENDING | 03/31/2021 | |--------------------------------------------------------------------------------------------|--------------------------------------------------------|------------|--------------------------------| | | MM/DD/YY | | MM/DD/YY | | | A. REGISTRANT IDENTIFICATION | | | | NAME OF BROKER-DEALER: Alliance-One Investments, LLC | | | OFFICIAL USE ONLY | | ADDRESS OF PRINCIPAL PLACE OF BUSINESS: (Do not use P.O. Box No.) | | | FIRM I.D. NO. | | 4000 N. Mingo Road | | | | | | (No. and Street) | | | | Tulsa | OK | | 74116 | | (City) | (State) | | (Zip Code) | | NAME AND TELEPHONE NUMBER OF PERSON TO CONTACT IN REGARD TO THIS REPORT
William C. Arbo | | | 980-273-7537 | | | | | (Area Code - Telephone Number) | | | B. ACCOUNTANT IDENTIFICATION | | | | INDEPENDENT PUBLIC ACCOUNTANT whose opinion is contained in this Report* | | | | | BDO USA, LLP | | | | | | (Name - if individual, state last, first, middle name) | | | | 8401 Greensboro Drive, Suite 800 McLean | | VA | 22102 | | (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 | | | | | | | | \*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(e)(2) SEC 1410 (11-05) Potential persons who are to respond to the collection of information contained in this form are not required to respons unless the form displays a currently valid O {1}------------------------------------------------ #### OATH OR AFFIRMATION | Jay Toomey | , swear (or affirm) that, to the best of | |-------------------------------|-----------------------------------------------------------------------------------------------------------------| | Alliance-One Investments, LLC | my knowledge and belief the accompanying financial statement and supporting schedules pertaining to the firm of | | of March 31 | 20 €1
, are true 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: John S. Davidson Signature NOTARY PUBLIC Union County, North Carolina Chief Compliance Officer My comission expires: //-29-2 Title un son 6-30-202 Notary Public This report \*\* contains (check all applicable boxes): (a) Facing Page. (b) Statement of Financial Condition. (c) Statement of Income (Loss) or, if there is other comprehensive in the period(s) presented, a Statement Wi of Comprehensive Income (as defined in §210.1-02 of Regulation S-X). (d) Statement of Changes in Financial Condition. (e) Statement of Changes in Stockholders' Equity or Partners' or Sole Proprietors' Capital. (f) Statement of Changes in Liabilities Subordinated to Claims of Creditors. (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 Computation for Determination of the Reserve Requirements Under Exhibit A of Rule 15c3-3. (k) A Reconciliation between the audited and unaudited Statements of Financial Condition with respect to methods of consolidation. (1) An Oath or Affirmation. M (m) A copy of the SIPC Supplemental Report. (n) A report describing any material inadequacies found to exist or 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). {2}------------------------------------------------ Statement of Financial Condition Fiscal Year Ended March 31, 2021 The report accompanying these financial statements was issued by BDO USA, LLP, a Delaware limited liability partnership and the U.S. member of BDO Interna {3}------------------------------------------------ Statement of Financial Condition Fiscal Year Ended March 31, 2021 {4}------------------------------------------------ ### Contents | Report of Independent Registered Public Accounting Firm | | |---------------------------------------------------------|-----| | Financial Statements | | | Statement of Financial Condition | 2 | | Notes to the Financial Statement | 3-6 | {5}------------------------------------------------ ![](_page_5_Picture_0.jpeg) Tel: 703-893-0600 Fax: 703-893-2766 www.bdo.com 8401 Greensboro Drive Suite 800 McLean, VA 22102 Report of Independent Registered Public Accounting Firm Equity Owner Alliance-One Investments, LLC Warwick, Rhode Island #### Opinion on Financial Statement We have audited the accompanying statement of financial condition of Alliance-One Investments, LLC (the "Broker-Dealer") as of March 31, 2021, and the related notes (collectively referent to ss the "financial statement"). In our opinion, the financial statement presents fairly, in all material respects, the financial position of the Broker-Dealer at March 31, 2021, in conformity with accounting principles generally accepted in the United States of America. #### Basis for Opinion This financial statement is the responsibility of the Broker-Dealer's management. Our responsibility is to express an opinion on the Broker-Dealer's financial statement based on our audit. We are a public accounting firm registered with the Public Company Accounting Oversight Board (United States) ("PCAOB") and are required to be independent with respect to 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 statement is free of material misstatement, whether due to error or fraud. Our a dit inlancial performing procedures to assess the risks of material misstatement of the financial statement, whether due to error or fraud, and performing procedures that respond to those risks. Such procedures included examining, on a test basis, evidence regarding the amounts and discl. Succi in the financial statement. 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 statement. We believe that our audit provides a reasonable basis for our opinion. ### BDO USA, LLP We have served as the Broker-Dealer's auditor since 2018. McLean, Virginia June 30, 2021 BDO USA, LLP, a Delaware limited liablicy partner of BDO International Limited, a UK company limited by guarantee, and forms part of the international BDO network of independent member firms BDO is the brand name for the BDO network and for each of the BDO Member Firms. {6}------------------------------------------------ Financial Statement {7}------------------------------------------------ ## Statement of Financial Condition | March 31, | | 2021 | |--------------------------------------------------------------------------------------------|----|---------| | Assets
Cash and cash equivalents | S | 174,545 | | Restricted cash | | 15,460 | | Receivable from Parent | | 55,344 | | Prepaid expenses | | 10,536 | | Total assets | 5 | 255,885 | | Liabilities and Member's Equity | | | | Liabilities | | | | Liabilities | \$ | | | Commitments and Contingencies | | | | Member's equity | | | | Member's equity | | 255,885 | | Total liabilities and member's equity
See accompanying notac to the financial statomant | \$ | 255,885 | {8}------------------------------------------------ ## Notes to the Financial Statement #### 1. Organization Alliance-One Investments, LLC (the "Company"), formed in October 2016, is a broker-dealer registered with the Securities Exchange ("SEC"), and is a member of the Financial Industry Regulatory Authority, Inc. ("FINRA"). Registration with FINRA was effective in July 2017. The Company is a limited purpose broker-dealer that provides administrative support services to its Parent. The Company is a wholly-owned subsidiary of Alliance-One Services, Inc. ("AOS"), which is wholly owned by DXC Technology Company ("DXC" or the "Parent") and operates in the United States of America. ### 2. Summary of Significant Accounting Policies #### Basis of Presentation The accompanying financial statements are presented in accordance with accounting principles generally accepted in the United States of America ("U.S. GAAP") as defined by the Financial Accounting Standards Board ("FASB") Accounting Standards Codification ("ASC"). #### Use of Estimates U.S. GAAP requires management to make estimates and assumptions that affect the amounts reported in the financial statements and accompanying notes. These estimates are based on management's best knowledge of historical experience, current events and on various other assumptions that are believed to be reasonable under the circumstances. Actual results could differ from these estimates. ### Cash and Cash Equivalents and Restricted Cash Cash and cash equivalents consist of cash held in non-interest bearing accounts at financial institutions. Restricted cash is held in a fiduciary account maintained by FINRA. Cash is deposited in this account to fund future fees and the Company generally does not have access to the funds. #### Fair Value ASC 820, Fair Value Measurement, defines fair value, establishes a fair value hierarchy for assets and liabilities measured at fair value, and expands required disclosures about fair value measurements. The Company did not have any assets or liabilities measured at fair value on a recurring and non-recurring basis using significant other observable inputs (level 2) or significant unobservable inputs (level 3) as prescribed by the standard. The carrying amounts of accounts receivable from the Parent approximates fair value due to the short maturity terms of this instrument. {9}------------------------------------------------ ### Concentrations of Credit Risk Financial instruments that potentially subject the Company to credit risk primarily consist of receivable from Parent. The Company's sole customer is DXC, which is a global, publicly traded technology company. ### Income Taxes The Company is a limited liability company treated as a partnership for federal and statement income tax purposes with all income tax liabilities and/or benefits of the Company being passed through to the member. As such, no recognition of federal or state income taxes for the Company has been provided for in the accompanying financial statement. Any uncertain tax position taken by the member is not an uncertain position of the Company. #### Recent Accounting Pronouncements Of the ASU's which were recently issued but have not yet been adopted by the Company none are expected to have a material effect on the Company's financial statement. #### 3. Member's Equity The Company is party to an expense sharing agreement with its Parent, in which the Parent pays for certain expenses incurred by the Company. Because the Company will not reimburse DXC, these expenses are reported as capital contributions to the Company. There were \$442,260 of non-cash capital contributions for the year ended March 31, 2021. ### 4. Commitments and Contingencies The Company is not obligated under non-cancelable operating leases for office facilities or any other operating lease agreements. The Company accrues a liability when management believes that it is both probable that a liability has been incurred and the amount of loss can be reasonably estimated under ASC 450, Contingencies. Regarding other matters that may involve actual or threatened disputes or litigation, the Company, in accordance with the applicable reporting requirements, provides disclosure of such matters for which the likelihood of material loss is at least reasonably possible. No contingencies were recorded for the year ended March 31, 2021. #### 5. Related Party Transactions As of March 31, 2021, the net amount due from the Parent was \$55,344. Repayment terms are defined and the receivables are non-interest bearing. Included in the \$55,344 is \$7,344 that relates to a non-revenue related cross charge from an affiliate of the Parent. The Company and its Parent are parties to an expense sharing agreement in which the Parent and its other subsidiaries will pay expenses on behalf of the Company for which the Company will not reimburse the Parent. These expenses include but are not limited to labor, legal fees and rent. These expenses are reported at cost by the Company and are treated as non-cash capital contributions. {10}------------------------------------------------ ## Notes to the Financial Statement #### 6. Net Capital Requirements As a registered broker-dealer, the Company is subject to the requirements of the Uniform Net Capital Rule (Rule 15c3-1) under the Securities Exchange Act of 1934. The Company does not claim an exemption under paragraph (k) of 17 C.F.R. § 240. 15c3-3; and The Company is relying on footnote 74 to SEC Release 37-70073 adopting amendments to 17C.F.R. § 240.17a-5 because the Company limits its business activities exclusively to operating a Call Center and providing administrative and back office support service to existing policy holders with regard to variable life insurance and annuities (including the purchase, redemption and sales of such products), and the Company (1) did not directly or indirectly receive, hold, or otherwise owe funds or securities for or to customers, (2) did not carry accounts of or for customers, and (3) did not carry PAB accounts throughout the most recent fiscal year without exception. As of March 31, 2021, the Company had net capital of \$174,545 which was \$169,545 in excess of required minimum net capital of \$5,000. #### 7. Going Concern The financial statements have been prepared on a going concern basis, which contemplates the continuation of operations, realization of assets and liquidation of liabilities in the ordinary course of business. The Company has been primarily funded through cash contributions from its Parent and expects to continue to incur losses for the foreseeable future. The Company and its Parent are parties to an expense sharing agreement in which the Parent and its other subsidiaries will pay expenses on behalf of the Company for which the Company will not reimburse the Parent As of June 30, 2021, management believes that currently available cash together with the committed funding from its parent company, who has the ability and intent to provide the required funding, would provide sufficient funds to enable the Company to meet its obligations for greater than one-year subsequent to the financial statement issuance date. #### od Risk and Uncertainties Negative impacts that have occurred, or may occur in the future, include disruptions or restrictions on our employees" ability to work effectively, as well as temporary closures of our facilities or the facilities of our customers or our subcontractors, or the requirements to deliver our services remotely. In addition, the COVID-19 crisis has resulted in a widespread global health crisis that is adversely affecting the economies and financial markets of many countries, which could result in an economic downturn that may negatively affect demand for our services. This economic downturn, depending upon its severity and duration, could also lead to the deterioration of worldwide credit and financial markets that could limit our customers' ability or willingness to pay in a timely manner. We continue to evaluate the extent to which the COVID-19 crisis has impacted us and our employees, customers and suppliers and the extent to which it and other emerging developments will impact us and our employees, customers and suppliers in the future. {11}------------------------------------------------ Notes to the Financial Statement #### 9. Subsequent Events The Company has evaluated subsequent events through June 30, 2021, the date the financial statements were issued. No events have occurred from the balance sheet date through that date that would impact the financial statements. Source: SEC EDGAR via Adviser Search (https://search.stillhousedata.com). Agents: see https://search.stillhousedata.com/llms.txt.