# WINLO MANAGEMENT GROUP, LLC X-17A-5 (2025-03-24) — Broker-dealer annual report
- Company: WINLO MANAGEMENT GROUP, LLC
- Form: X-17A-5
- Filed: 2025-03-24
- Period: 2024-12-31
- Accession: 0001703890-25-000005
- CIK: 1703890
- File #: 8-69940
- Type: Broker-dealer
- Material weakness: No
- Auditor: Anson, Brian W.
- Auditor location: Tarzana, CA
- Contact: John Randolph
- Phone: 512-275-6515
- Email: john.randolph@winlogroup.com
- Website: winlogroup.com
- Signed by: John Randolph (CEO)
Original filing: https://www.sec.gov/Archives/edgar/data/1703890/000170389025000005/fswmg2024_1.pdf
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UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549
# ANNUAL REPORTS FORM X-17A-5 PART II
| OMB APPROVAL |
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| SEC FILE NUMBER | |
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| 8-69940 | |
| | FACING PAGE
Information Required Pursuant to Rules 17a-5, 17a-12, and 18a-7 under the Securities Exchange Act of 1934 | | |
|-------------------------------------------------------------------------------------------------------------------------------------------------------------|--------------------------------------------------------------------------------------------------------------------------|---------------------------------------|--------------------------------------------|
| FILING FOR THE PERIOD BEGINNING 01/01/2024 | | | |
| | MM/DD/YY | AND ENDING 12/31/2024 | MM/DD/YY |
| | A. REGISTRANT IDENTIFICATION | | |
| NAME OF FIRM: | Winlo Management Group LLC | | |
| TYPE OF REGISTRANT (check all applicable boxes):
Broker-dealer ☐Security-based swap dealer
Check here if respondent is also an OTC derivatives dealer | | Major security-based swap participant | |
| ADDRESS OF PRINCIPAL PLACE OF BUSINESS: (Do not use a P.O. box no.) | | | |
| 300 W. 6th St., Suite 1520 | | | |
| | (No. and Street) | | |
| Austin | TX | | 78701 |
| (City) | (State) | | (Zip Code) |
| PERSON TO CONTACT WITH REGARD TO THIS FILING | | | |
| John Randolph | 512-275-6515 | | john.randolph@winlogroup.com |
| (Name) | (Area Code - Telephone Number) | (Email Address) | |
| | B. ACCOUNTANT IDENTIFICATION | | |
| INDEPENDENT PUBLIC ACCOUNTANT whose reports are contained in this filing*
Anson, Brian W. | | | |
| | (Name - if individual, state last, first, and middle name) | | |
| 18455 Burbank Blvd Suite 404 | Tarzanal | CA | 91356 |
| (Address) | (City) | (State) | (Zip Code) |
| 9/15/2005 | | 2370 | |
| (Date of Registration with PCAOB)(if applicable) | FOR OFFICIAL USE ONLY | | (PCAOB Registration Number, if applicable) |
| | | | |
\*Claims for exemption from the requirement that the annual reports be covered by the reports of an independent public accountant must be supported by a statement of facts and circumstances relied on as the basis of the exemption. See 17 CFR 240.17a-5(e)(1)(ii), if applicable.
Persons who are to respond to the collection of information contained in this form are not required to respond unless the form displays a currently valid OMB control number.
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#### OATH OR AFFIRMATION
I, John Randolph and belief, and best of mean (or affirm) that, to the best of my knowledge and belief, the financial report pertaining to the firm of Winlo Management Group LLC . . . . . as of
12/31 \_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_ 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.
$$
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|
- Public | JEREMY RYAN MYERS |
|--------------|----------------------------|
| | My Notary ID # 132693977 |
| | Expires September 24, 2028 |
| Signature | | | |
|-----------|-----|--|--|
| Title: | - 9 | | |
Cotary 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.
- □ (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.
- □ (j) 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.
- [1) 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.
- □ (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.
- O (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.
- 国 (t) Independent public accountant's report based on an examination of the statement of financial condition.
- □ (u) Independent public accountant's report based on an examination of the financial statements under 17 CFR 240.17a-5, 17 CFR 240.18a-7, or 17 CFR 240.17a-12, as applicable.
- (v) Independent public accountant's report based on an examination of certain statements in the compliance report under 17 CFR 240.17a-5 or 17 CFR 240.18a-7, as applicable.
- □ {w} Independent public accountant's report based on a review of the exemption report under 17 CFR 240.17a-5 or 17 CFR 240.18a-7, as applicable.
- | as applicable.
- □ (y) Report describing any material inadequacies found to have existed since the date of the previous audit, or a statement that no material inadequacies exist, under 17 CFR 240.17a-12(k).
- O (z) Other:
- \*\* To request confidential treatment of chis filing, see 17 CFR 240.170-5(e)(3) or 17 CFR 240.18c-7(d)(2), as applicable.
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WINLO MANAGEMENT GROUP, LLC NOTES TO FINANCIAL STATEMENTS FOR THE YEAR ENDED DECEMBER 31, 2024
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# BRIAN W. ANSON
Certified Public Accountant 18455 Burbank Blvd., Suite 404, Tarzana, CA 91356 . Tel. (818) 636-5660 . Fax (818) 881-2605
### REPORT OF INDEPENDENT REGISTERED PUBLIC ACCOUNTING FIRM
To the Members' and Board of Members of Winlo Management Group, LLC
#### Opinion on the Financial Statements
I have audited the accompanying statement of financial condition of Winlo Management Group, LLC as of December 31, 2024, the related statements of income, changes in members' equity, and cash flows for the year then ended, and the related notes (collectively referred to as the financial statements). In my opinion, the financial statements present fairly, in all material respects, the financial position of Winlo Management Group, LLC as of December 31, 2024, 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 Winlo Management Group, LLC 's management. My responsibility is to express an opinion on Winlo Management Group, LLC 's financial statements based on my audit. I am a public accounting firm registered with the Public Company Accounting Oversight Board (United States) (PCAOB) and am required to be independent with respect to Winlo Management Group, 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.
I conducted my audit in accordance with the standards of the PCAOB. Those standards require that I 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. My 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. My audit also included evaluating the accounting principles used and significant estimates made by management, as evaluating the overall presentation of the financial statements. I believe that my audit provides a reasonable basis for my opinion.
#### Auditor's Report on Supplemental Information
The information contained in Schedule I, II, and III ("Supplemental Information") has been subjected to audit procedures performed in conjunction with the audit of the Winlo Management Group, LLC's financial statements. The Supplemental Information is the responsibility of the Winlo Management Group, LLC's management. My 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 my opinion on the Supplemental Information, I evaluated whether the Supplemental Information, its form and content is presented in conformity with 17 C.F.R. § 240.17a-5. In my opinion, Schedules I, II, and III are fairly stated, in all material respects, in relation to the financial statements taken as a whole.
Brian W. Anson Certified Public Accountant I have served as Winlo Management Group, LLC 's auditor since 2018. Tarzana, California February 18, 2025
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# Statement of Financial Condition December 31, 2024
### ASSETS
| Cash | ક | 101,703 |
|---------------------------------------|----|---------|
| Due from affiliate | | 53,645 |
| Other Assets | | 4,654 |
| Total assets | S | 160,002 |
| LIABILITIES AND MEMBERS' EQUITY | | |
| LIABILITIES | | |
| Accounts payable | S | 263 |
| Commissions payable | | 72,000 |
| Due to affiliate | | 457 |
| Total liabilities | | 72,720 |
| MEMBERS' EQUITY: | | |
| Members' equity | | 87,282 |
| Total members' equity | | 87,282 |
| Total liabilities and members' equity | \$ | 160,002 |
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# Statement of Income For the year ended December 31, 2024
| KEVENUES: | |
|---------------------|-----------|
| Advisory fees | \$137,867 |
| Total income | \$137,867 |
| | |
| EXPENSES: | |
| Commissions | 98,567 |
| Professional fees | 23,785 |
| Regulatory expenses | 6,328 |
| Rent | 1,320 |
| Other expenses | 7,755 |
| Total expenses | 137,755 |
| NET INCOME | \$112 |
The accompanying notes are an integral part of these financial statements
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# Statement of Changes in Members' Equity For the year ended December 31, 2024
| Beginning balance January 1, 2024 | Total
Members'
Equity | | | |
|-----------------------------------|-----------------------------|--------|--|--|
| | S | 87,170 | | |
| Net income | | 112 | | |
| Ending balance December 31, 2024 | ತಿ | 87.282 | | |
The accompanying notes are an integral part of these financial statements
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## Statement of Cash Flows For the year ended December 31, 2024
## CASH FLOWS FROM OPERATING ACTIVITIES:
| Net income | S | 112 |
|-------------------------------------------------------------|---|----------|
| Adjustments to reconcile net income to net cash provided by | | |
| operating activities: | | |
| (Increase) decrease in: | | |
| Due from affiliate | | 3,487 |
| Other assets | | (4,190) |
| Increase (decrease) in: | | |
| Accounts payable | | (21,692) |
| Accrued expenses | | ટેસ્ટ |
| Commissions payable | | 72,000 |
| Due to affiliate | | 457 |
| Total adjustments | | 50,327 |
| Net cash provided by operating activities | | 50,439 |
| Decrease in cash | | 50,439 |
| Cash-beginning of period | | 51,264 |
| | | |
| Cash-end of period | S | 101,703 |
| Supplemental disclosure of cash flow information | | |
| Cash paid during the year for: | | |
| Interest | S | |
| Income taxes | S | |
The accompanying notes are an integral part of these financial statements
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# WINLO MANAGEMENT GROUP NOTES TO FINANCIAL STATEMENTS FOR THE YEAR ENDED 12.31.2024
## Note 1 - Nature of Operations
Winlo Management Group, LLC (the "Company) was formed on January 29, 2016 in the state of Florida as a limited liability company. On August 23, 2019, the Company was converted to a Puerto Rico limited liability company. The Company was approved by FINRA as a broker-dealer on December 5, 2017.
The Company is registered as a broker-dealer with the Securities and Exchange Commission ("SEC") and is a member firm of the Financial Industry Regulatory Authority ("FINRA"). The Company is authorized to engage in private placements of securities and mergers and acquisitions. The Company does not hold customer funds or safeguard customer securities.
## Note 2 - ASC 606 Revenue Recognition Policy
Revenue is measured based on a consideration specified in a contract with a customer, and excludes any sales incentives and amounts collected on behalf of third parties. The Company recognizes revenue when it satisfies a performance obligation by transferring control over a product or service to a customer.
Fees earned: This includes fees earned from unregistered offerings and other revenue.
## Note 3 - Summary of Significant Accounting Policies
The presentation 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 the reported amounts of assets and liabilities and disclosure of contingent assets and liabilities at the date of the financial statements and the reported amounts of revenue and expenses during the reporting period. Actual results could differ from those estimates.
The Company, with the consent of its Members, has elected to be a Limited Liability Company. Accordingly, no provision or liability for Federal Income Taxes is included in these financial statements. The Company is subject to audit by the taxing agencies for years ending December 31, 2021, 2022, and 2023.
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# WINLO MANAGEMENT GROUP NOTES TO FINANCIAL STATEMENTS FOR THE YEAR ENDED 12.31.2024
### Note 3 - Summary of Significant Accounting Policies (Continued)
Segment Reporting: The Company is engaged in a single line of business as a securities broker dealer, which is comprised of one class of service. The Company has identified its Principal Operations Officer as the chief operating decision maker (CODM), who uses net income to evaluate the results of the business, predominantly in the forecasting process, to manage the Company.
Additionally, the CODM uses excess net capital, which is not a measure of profit and loss, to make operational decisions while maintaining capital adequacy, such as whether to reinvest profits or pay dividends. The Company's operations constitute a single operating segment and therefore, a single reportable segment, because the CODM manages the business activities using information from the Company as a whole. The accounting policies used to measure the profit and loss of the segment are the same as those described in the summary of significant accounting policies.
Management has reviewed the results of operations for the period of time from December 31, 2024, through February 18, 2025, the date the financial statements were available to be issued, no other events occurred that would require adjustments to the amounts reported in the accompanying financial statements nor have any subsequent events occurred, the nature of which would require disclosure.
As of December 31, 2024, \$53,646 was owed to the company from an affiliate and \$457 was owed to an affiliate
100% of the revenue came from one client.
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# WINLO MANAGEMENT GROUP NOTES TO FINANCIAL STATEMENTS FOR THE YEAR ENDED 12.31.2024
FASB ASC 820 defines fair value, establishes a framework for measuring fair value, and establishes a fair value hierarchy which prioritized the inputs to valuation techniques. Fair value is the price that would be received to sell an asset or paid to transfer a liability in an orderly transaction between market participants at the measurement date. A fair value measurement assumes that the transaction to sell the asset or liability or, in the absence of a principal market. the most advantageous market for the asset or liability. Valuation techniques that are consistent with the market, income or cost approach, as specified by FASB ASC 820 are used to measure fair value.
The fair value hierarchy prioritizes the inputs to valuation techniques used to measure fair value into three broad levels:
Level I inputs are quoted prices (unadjusted) in active markets for identical assets or liabilities the Company has the ability to access.
Level 2 inputs are inputs (other than quoted prices included within Level 1) that are observable for the asset or liability, either directly or indirectly.
Level 3 are unobservable inputs for the asset or liability and rely on management's own assumptions about the assumptions that market participants would use in pricing the asset or liability. (The unobservable inputs should be developed based on the best information available in the circumstances and may include the Company's own data.)
At December 31, 2024, there were no levels to measure.
# Note 4 - Net Capital Requirement
The Company is subject to the Securities and Exchange Commission Uniform Net Capital Rule (SEC rule 15c3-1), which requires the maintenance of minimum net capital and requires that the ratio of aggregate indebtedness to net capital, both as defined, shall not exceed 15 to 1. Net capital and aggregate indebtedness change day to day, but on December 31, 2024 the Company had net capital of \$28,983, which was \$23,983 in excess of its required net capital of \$5,000 (net capital is the greater of 6 2/3% of aggregated indebtedness and \$5,000 for the Company); and the Company's ratio of aggregate indebtedness of \$72,721 to net capital was 2.51-to-1, which is less than the 15-to-l maximum ratio allowed for a broker dealer.
# Note 5 - Commitments and Contingencies
The Company has reviewed ASC 842 Lease Accounting and does not believe it is applicable to the Company because the Company leases an office suite on a month to month basis with no contract.
The Company was not subject to any litigation during or at year ended December 31, 2024.
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# Statement of Net Capital Schedule I For the year ended December 31, 2024
| | | | Focus 12/31/24 Audit 12/31/24 | | Change | |
|------------------------------------------------|---|-----------|-------------------------------|--------|--------|---|
| Members' equity, December 31, 2024 | S | 87,282 | S | 87,282 | S | |
| Subtract - Non allowable assets: | | | | | | |
| Due from affiliate | | રૂડે, બંડ | | 53,645 | | |
| Other assets | | 4,654 | | 4,654 | | |
| Tentative net capital | | 28,983 | | 28,983 | | |
| Haircuts | | 0 | | 0 | | |
| NET CAPITAL | | 28,983 | | 28,983 | | |
| Minimum net capital | | 5,000 | | 5,000 | | |
| Excess net capital | S | 23,983 | સ્ત્ર | 23,983 | | |
| Aggregate indebtedness | | 72,721 | | 72,720 | | 1 |
| Ratio of aggregate indebtedness to net capital | | 251% | | 251% | | |
There were no recorded differences between the audit and focus at December 31, 2024.
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### CHINA ECAPITAL PARTNERS, LLC
Schedule II Determination of Reserve Requirements Under Rule 15c3-3 (e ) of the Securities and Exchange Commission December 31, 2021
The Company has no reserve deposit obligations under SEC 15c3-3( e ) because it is a "non-covered" firm pursuant to footnote 74 to SEC Relase 34-70073 and therefore is not subject to the Rule.
Schedule III Information Relating to Possession or Control Requirements Under Rule 15c3-3 ( b ) of the Securities and Exchange Commission December 31, 2021
The Company has no possession or control obligations under SEC 15c3-3 ( b ) because it is a "non-covered" firm pursuant to footnote 74 to SEC Release 34-70073 and therefore is not subject to the Rule.
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#### Winlo Management Group, LLC Exemption Report
We, as members of the management of Winlo Management Group, LLC (the "Company") are responsible for compliance with the annual reporting requirements under Rule 17a-5 of the Securities Exchange Act of 1934. Those requirements compel a broker or dealer to file annual reports with the SEC and the broker's or dealer's designated examining authority. One of the reports to be included in the annual filing is an exemption report prepared by an independent registered public accounting form, based upon a review of assertions provided by the broker or dealer. Pursuant to that requirement, the management of the Company hereby makes the following assertions,
The Company is a "non-covered" firm pursuant to Footnote 74 to SEC Release 34-70073 and is therefore not subject to SEA Rule 15e3-3 for the most recent year ended December 31, 2024. The Company represents that it has not held customer funds or securities, did not carry accounts of or for customers and did not carry broker-dealer proprietary accounts as defined in Exchange Act rule 15c3-3. The Company limits its business activities to merger and acquisition advisory and private placement services.
The Company has maintained compliance with the above throughout the year ended December 31, 2024, without exception.
Winlo Management Group, LLC
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### BRIAN W. ANSON
Certified Public Accountant 18455 Burbank Blvd., Suite 404, Tarzana, CA 91356 . Tel. (818) 636-5660 . Fax (818) 881-2605
## REPORT OF INDEPENDENT REGISTERED PUBLIC ACCOUNTING FIRM
Board of Members Winlo Management Group, LLC Miami, Florida
I have reviewed management's statements, included in the accompanying SEC Rule 15c3-3 Exemption Report in which Winlo Management Group, LLC, stated that Winlo Management Group, LLC 's, business activities are limited to merger and acquisitions advisory and private placement services, and that it has not held customer funds or securities, did not carry accounts for customers, and did not carry broker-dealer proprietary accounts as defined in Exchange Act rule 15c3-3, and that Winlo Management Group, LLC is classified as "non-covered" pursuant to footnote 74 to SEC Release 34-70073, dated July 30, 2013, and as discussed in Q & A 8 of the related FAQ issued by SEC state on July 1, 2020. Winlo Management Group, LLC also stated that it had maintained compliance with the above declaration throughout the most recent year ended December 31, 2024, without exception. Winlo Management Group, LLC 's management is responsible for compliance and is not subject to the provisions set forth in Rule 15c3-3 under the Securities and Exchange Act of 1934 and its statements.
My 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 Winlo Management Group, LLC 's declaration concerning the provisions set forth in Rule 15c3-3 under the Securities Exchange Act of 1934. 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, I do not express such an opinion.
Based on my review, I am 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 Footnote 74 to SEC Release 34-70073.
Brian W. Anson Certified Public Accountant Tarzana, California February 18, 2025
Source: SEC EDGAR via Adviser Search (https://search.stillhousedata.com). Agents: see https://search.stillhousedata.com/llms.txt.