# ENCOMPASS MORE INVESTMENTS, LLC X-17A-5 (2025-03-31) — Broker-dealer annual report - Company: ENCOMPASS MORE INVESTMENTS, LLC - Form: X-17A-5 - Filed: 2025-03-31 - Period: 2024-12-31 - Accession: 0001914979-25-000007 - CIK: 1914979 - File #: 8-70901 - Type: Broker-dealer - Material weakness: No - Auditor: Ernst Wintter & Associates LLP - Auditor location: Walnut Creek, CA - Contact: Chris Chatto - Phone: 925.282.8850 - Email: cchatto@encompassmore.com - Website: encompassmore.com - Signed by: Chris Chatto (President) Original filing: https://www.sec.gov/Archives/edgar/data/1914979/000191497925000007/confidem.pdf --- {0}------------------------------------------------ # ENCOMPASS MORE INVESTMENTS, LLC FINANCIAL STATEMENTS DECEMBER 31, 2024 {1}------------------------------------------------ **UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washln,ton, D.C. 20549** ### **ANNUAL REPORTS FORM X-17A-S PART** Ill | 0MB Number: 3235-0123 | | |--------------------------|--| | Expires: Nov. 30, 2026 | | | Estimated averaae burden | | | hours per response: 12 | | | | | SEC FILE NUMBER --- - - - --- ---------- **FACING PAGE** 8-70901 **lnfonnatfon Required Pursuant to Rules 17a-S, 17a-12, and 18a-7 under the Securities Exchange Act of 1934** FILING FOR THE PERIOD BEGINNING **1/1/2024** AND ENDING 12131124 MM/00/YY MM/00/YY **A. REGISTRANT IDENTIFICATION** ## NAME oF FIRM: Encompass More Investments, LLC TYPE OF REGISTRANT (check all applicable boxes): ~ Broker-dealer D Security-based swap dealer D Major security-based swap participant D Check here If respondent Is also an OTC derivatives dealer ADDRESS OF PRINCIPAL PLACE OF BUSINESS: (Do not use a P.O. box no.) ## 390 Diablo Rd. Suite 100 | | (No. and Street) | | | | |----------------------------------------------|---------------------------------------------------------------------------|---------|---------------------------|--| | DANVILLE | CA | | 94526 | | | (Oty) | (State) | | (Zip Code) | | | PERSON TO CONTACT WITH REGARD TO THIS FILING | | | | | | Chris Chatto | 925-398-3402 | | cchatto@encompassmore.com | | | (Name) | (Area Code-Telephone Number) | | (Email Address) | | | | B. ACCOUNTANT IDENTIFICATION | | | | | | INDEPENDENT PUBLIC ACCOUNTANT whose reports are contained in this filing• | | | | | Ernst Wintter & Associates LLP | | | | | | | (Name - If Individual, state last. first, and middle name) | | | | | | 675 Ygnacio Valley Road Suite A200 Walnut Creek | CA | 94596 | | | (Address) | (City) | (State) | (Zip Code) | | (Date of Re istratlon with PCAOB If a llcable PCAOB Re lstratlon Number, If a llcable) February 24, 2009 3438 **FOR OFFICIAL USE ONLY** • Oalms for exemption from the requirement that the annual repot1S 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)(l)(II), If applicable. Person, who are to re,pond to the collectlon of Information contained In this form are not required to respond unless the form display, **a** currently valid 0MB control number. {2}------------------------------------------------ #### OATH **OR AFFIRMATION** | 11 | Chris Chatto | |----|--------------| | | | I, ChrlsChatto swear (or affirm) that, to the best of my knowledge and belief, the financial report pertaining to the firm of Encompass More Investments, LLC as of 12/31 2~ Is true and correct. I further swear (or affirm) that neither the company nor any partner, officer, director, or equivalent person, as the case may be, has any proprietary Interest in any account classified solely as that of a customer. ![](_page_2_Picture_4.jpeg) **Prealdent** Notary Public #### **This filing•• contains (check all applicable boxes):** - iiiiii (a) Statement of financial condition. - D (b) Notes to consolidated statement of financial condition. - iiiiii (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). - Iii (d) Statement of cash flows. - Iii (e) Statement of changes in stockholders' or partners' or sole proprietor's equity. - D (f) Statement of changes in liabilities subordinated to claims of creditors. - Iii (g) Notes to consolidated financial statements. - Iii (h) Computation of net capital under 17 CFR 240.1Sc3-1 or 17 CFR 240.lSa-1, as applicable. - D (i) Computation of tangible net worth under 17 CFR 240.lSa-2. - Iii 0) Computation for determination of customer reserve requirements pursuant to Exhibit A to 17 CFR 240.15c3-3. - D (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.lSa-4, as applicable. - D (I) Computation for Determination of PAB Requirements under Exhibit A to§ 240.15c3-3. - Iii (m) Information relating to possession or control requirements for customers under 17 CFR 240.15c3-3. - D (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.lSa-4, as applicable. - Iii (o) Reconciliations, induding appropriate explanations, ofthe FOCUS Report with computation of net capital or tangible net worth under 17 CFR 240.15c3-1, 17 CFR 240.lSa-1, or 17 CFR 240.lSa-2, as applicable, and the reserve requirements under 17 CFR 240.15c3-3 or 17 CFR 240.lSa-4, as applicable, if material differences exist, or a statement that no material differences exist. - D (p) Summary of financial data for subsidiaries not consolidated in the statement of financial condition. - Iii (q) Oath or affirmation in accordance with 17 CFR 240.17a-5, 17 CFR 240.17a-12, or 17 CFR 240.lSa-7, as applicable. - D (r) Compliance report in accordance with 17 CFR 240.17a-5 or 17 CFR 240.lSa-7, as applicable. - ii!ii (s) Exemption report in accordance with 17 CFR 240.17a-5 or 17 CFR 240.lSa-7, as applicable. - D (t) Independent public accountant's report based on an examination of the statement of financial condition. - Iii (u) Independent public accountant's report based on an examination of the financial report or financial statements under 17 CFR 240.17a-5, 17 CFR 240.lSa-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.lSa-7, as applicable. - **l!!i** (w) Independent public accountant's report based on a review of the exemption report under 17 CFR 240.17a-5 or 17 CFR 240.lSa-7, as applicable. - □ (x) Supplemental reports on applying agreed-upon procedures, in accordance with 17 CFR 240.15c3-le or 17 CFR 240.17a-12, as applicable. - □ (y) Report describing any material inadequacies found to exist or 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). D (z)Other: \_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_ \_ - - 0 To request confidential treatment of certain portions of this filing, see l 7 CFR 240.l 7a-5(e)(3) or l 7 CFR 240.l8a-7(d)(2), as applicable. {3}------------------------------------------------ ## TABLE OF CONTENTS | Report oflndependent Registered Public Accounting Firm 2 | | |--------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|--| | Statement of Financial Condition 3 | | | Statement of Operations 4 | | | Statement of Changes in Member's Equity 5 | | | Statement of Cash Flows 6 | | | Notes to Financial Statements 7-11 | | | Supplemental Information
Schedule I:
Computation ofNet Capital Under Rule 15c3-1
Of the Securities and Exchange Commission
Reconciliation with Company's Net Capital Computation 13 | | | Review Report of Independent Registered Public Accounting Firm 14 | | | Exemption Report 15 | | {4}------------------------------------------------ *675 Ygnacio Valley Road, Suite A200 Walnut Creek, CA 94596* *(925) 933-2626 Fax (925) 944-6333* #### **Report of Independent Registered Public Accounting Firm** To the Member of Encompass More Investments, LLC #### **Opinion on the Financial Statements** We have audited the accompanying statement of financial condition of Encompass More Investments, LLC (the "Company") as of December 31 , 2024, the related statements of operations, changes in member's equity, and cash flows for the year then ended, and the related notes and schedule I (collectively referred to as the "financial statements"). In our opinion, the financial statements present fairly, in all material respects, the financial position of the Company 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 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 finn 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 the accounting principles used and significant estimates made by management, as well as evaluating the overall presentation of the financial statements. We believe that our audit provides a reasonable basis for our opinion. #### **Auditor's Report on Supplemental Information** Schedule I has been subjected to audit procedures perfonned in conjunction with the audit of the Company's financial statements. The supplemental information is the responsibility of the Company's management. Our audit procedures included determining whether the supplemental infonnation 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 infonnation. In forming our opinion on the supplemental infonnation, we evaluated whether the supplemental information, including its form and content, is presented in conformity with 17 C.F.R. §240. l 7a-5. In our opinion, schedule I is fairly stated, in all material respects, in relation to the financial statements as a whole. We have served as the Company's auditor since 2023. Walnut Creek, California March 26, 2025 {5}------------------------------------------------ ## ENCOMPASS MORE INVESTMENTS, LLC STATEMENT OF FINANCIAL CONDITION DECEMBER 31 , 2024 #### ASSETS | Assets: | | |------------------------|--------------| | Cash | \$
36,765 | | Commissions receivable | 28,954 | | Prepaid expenses | 13,496 | | Total assets | \$
79,215 | #### LIABILITIES AND MEMBER'S EQUITY | Liabilities: | | |---------------------------------------|--------------| | Commissions payable | \$
29,367 | | Due to affiliate | 100 | | | | | Total liabilities | 29,467 | | | | | Member's equity | 49,748 | | | | | Total liabilities and member's equity | \$
79,215 | {6}------------------------------------------------ ## ENCOMPASS MORE INVESTMENTS, LLC STATEMENT OF OPERATIONS YEAR ENDED DECEMBER 31 , 2024 | Revenue: | | |--------------------------|----------------| | Commissions | \$
137,536 | | 12b-1 fees | 42,252 | | Total revenue | 179,788 | | Operating expenses: | | | Commissions expense | 130,565 | | Professional fees | 88,919 | | Regulatory fees | 18,624 | | Software | 18,332 | | Other expenses | 290 | | | | | Total operating expenses | 256,730 | | Net loss | \$
(76,942) | {7}------------------------------------------------ ## ENCOMPASS MORE INVESTMENTS, LLC STATEMENT OF CHANGES IN MEMBER'S EQUITY YEAR ENDED DECEMBER 31 , 2024 | Member's equity balance at December 31
, 2023 | \$
28,690 | |--------------------------------------------------|--------------| | Net loss | (76,942) | | Member contributions | 98,000 | | Member's equity balance at December 31
, 2024 | \$
49,748 | {8}------------------------------------------------ ## ENCOMPASS MORE INVESTMENTS, LLC STATEMENT OF CASH FLOWS YEAR ENDED DECEMBER 31 , 2024 | Cash flows from operating activities: | | |-----------------------------------------------------------------------------|----------------| | Net loss | \$
(76,942) | | Adjustments to reconcile net loss to net cash used in operating activities: | | | Changes in operating assets and liabilities: | | | Prepaid expenses | ,759)
(5 | | Commissions receivable | (28,954) | | Accounts payable and accrued liabilities | ,059)
(1 | | Commissions payable | 29,367 | | Net cash used in operating activities | (83,347) | | Cash flows from financing activities: | | | Capital contributions | 98,000 | | Net cash provided by financing activities | 98,000 | | Net change in cash | 14,653 | | Cash at beginning of year | 22,112 | | Cash at end of year | \$
36,765 | {9}------------------------------------------------ ### 1. Organization Encompass More Investments, LLC (the "Company"), was organized as a domestic limited liability company in the state of Nevada on November 12, 2021 , and is a wholly owned subsidiary of Encompass More Group INC. (the "Member"). The Company was approved as an introducing broker-dealer registered by the Securities and Exchange Commission ("SEC") on December 2, 2022, and is a member of the Financial Industry Regulatory Authority ("FINRA"). For the year ended December 31 , 2024, the Company incurred a net loss and negative cash flow from operating activities. The Company depends on commissions on mutual funds and/or variable life insurance annuities. The Company currently has a sufficient net capital position, and the Member has the means to contribute capital as needed to the Company. In addition, the Company has the ability to reduce costs. ### 2. Significant Accounting Policies ### Segment Reporting On January 1, 2024, the Company adopted Accounting Standard Update ("ASU") 2023-07, Improvements to Reportable Segment Disclosures, which improved disclosure regarding reportable segments. The Company is engaged in a single line of business as a securities broker dealer in the sale of a similar class of investment products. The Company has identified its President as the chief operating decision maker ("CODM"). Due to the similarities and related nature of the Company's products, the CODM aggregates and evaluates the Company's sale of mutual funds and variable annuities, as a single reporting segment, under the umbrella of financial products. The metrics used by the CODM to assess the performance of the Company's operations include revenue, net income/loss, cash flows from operations, and regulatory net capital as presented in these financial statements. The key metrics are utilized to guide decision making regarding risk assessment, cost management, and forecasting future results. The CODM manages the business using information of the Company as a whole to make operational decisions, while maintaining adequate net capital to reinvest profits or pay distributions. ### Method of Accounting The financial statements have been prepared on the accrual basis of accounting. #### Cash and Cash Equivalents The Company considers all demand deposits held in banks and certain highly liquid investments with maturities of three months or less, other than those held for sale in the ordinary course of business, to be cash equivalents. At December 31 , 2024 there were no cash equivalents. {10}------------------------------------------------ ### 2. Significant Accounting Policies (Continued) #### Commissions Receivable Commissions receivable are carried at the invoiced or contracted amounts. The Company accounts for estimated credit losses on financial assets measured at an amortized cost basis in accordance with F ASB ASC 326-20 - Financial Instruments-Credit Losses. F ASB ASC 326-20 requires the Company to estimate expected credit losses over the life of its financial assets as of the reporting date based on relevant information about past events, current conditions, and reasonable and supportable forecasts. The Company records the estimate of expected credit losses as an allowance for credit losses. For financial assets measured at an amortized cost basis the allowance for credit losses is reported as a valuation account on the statement of financial condition that is deducted from the asset's amortized cost basis. Changes in the allowance for credit losses are reported as credit loss expense on the statement of operations. At December 31 , 2024, the Company reported \$28,954 in commissions receivable in the statement of financial condition. Per management's analysis, no allowance was considered necessary as of December 31 , 2024. #### Fair Value of Financial Instruments Unless otherwise indicated, the fair value of all reported assets and liabilities that represent financial instruments approximate the carrying values of such amounts. The Company has no financial instruments required to be reported at fair value on a recurring basis at December 31 , 2024. #### Mutual Funds and Variable Products The Company will enter into selling agreements with various mutual fund and variable product distributors so it may offer mutual funds and variable products on an application basis. Related commission income and expenses are recorded upon the final approval of the application and shares are recorded by the transfer agent. #### Use of Estimates The preparation of the financial statements, in conformity with generally accepted accounting principles, 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. Estimates also affect the reported amounts of revenue and expenses during the reporting period. Actual results could differ from those estimates. #### Income Taxes The Company is treated as a disregarded entity for Federal and state income tax purposes. Accordingly, no income tax provision has been included in the financial statements because income or loss of the Company is reported individually by the owner of the Company. The Company follows the provisions of Financial Accounting Standards Board ASC 740, Income Taxes, to evaluate uncertain tax positions. The standard prescribes a recognition threshold and measurement attribute for the financial statement recognition and measurement of a tax position taken or expected to be taken in a tax return. The Company did not have any material uncertain tax positions at December 31 , 2024. The Company is subject to examinations by all major tax jurisdictions. {11}------------------------------------------------ ### 3. Net Capital As a broker dealer, the Company is subject to the Securities and Exchange Commission's regulations and operating guidelines, which require the Company to maintain a specified amount of net capital, as defined, and a ratio of aggregate indebtedness to net capital as derived, not exceeding 15 to 1. The Company's net capital computed under Rule 15c3-1 , was \$36,252 at December 31 , 2024, which exceeded the required net capital of \$5,000 by \$31 ,252. The ratio of aggregate indebtedness to net capital was 81.28% to 1. 4. Reserve and Possession and Control Requirements Rule 15c3-3 of the Securities and Exchange Commission provides a formula for the maintenance by brokerdealers of reserves in connection with customer-related transactions and standards regarding physical possession or control of fully paid and excess margin securities. The Company is exempt from the provision of Rule 15c3-3 under the Securities Exchange Act of 1934, in that the Company's activities are limited to those set forth in the conditions for exemption appearing in (k)(l) of the Rule. 5. Concentration of Credit Risk During the year ended December 31 , 2024, the Company did not have cash balances that exceeded the \$250,000 depository insurance limits. At December 31 , 2024, 100% of the commission receivable was due from one variable annuity issuer and 71 % of commissions payable was due to one registered representative. For the year ended December 31 , 2024, 43% of commissions expense was from two registered representatives and approximately 67 % of total revenue was earned from two variable annuity issuers. 6. Revenue from Contracts with Customers Revenue from contracts with customers is recognized when, or as, the Company satisfies performance obligations by transferring the promised goods or services to customers. A good or service is transferred to a customer when, or as, the customer obtains control of the good or service. A performance obligation may be satisfied over time or at a point in time. Revenue from performance obligations satisfied over time is recognized by measuring progress in satisfying the performance obligation in a manner that depicts the transfer of goods or services to the customer. Revenue from a performance obligation satisfied at a point in time when it is determined the customer obtains control over the promised good or service. The amount of revenue recognized reflects the consideration the Company expects to be entitled to in exchange for the promised goods or services (the transaction price). In determining the transaction price, the Company considers multiple factors, including the effects of variable consideration. Variable consideration is included in the transaction price only to the extent it is probable that a significant reversal in the amount of cumulative revenue will not occur and when the uncertainties with respect to the amount are resolved. In determining when to include variable consideration in the transaction price, the Company considers a range of possible outcomes, the predictive value of past experiences, the period of time when uncertainties expect to be resolved and the amount of consideration that is at risk to factors outside of the Company's influence, such as market volatility or the judgement and actions of third parties. {12}------------------------------------------------ #### 6. Revenue from Contracts with Customers (Continued) #### Commission Revenue The Company recognizes sales-based commissions on the date of approval from mutual fund issuers for sale of mutual funds, variable annuities, or life insurance products. Sales-based commissions are generally based on a percentage of a product's market value at the time of purchase. A customer completes the application form provided by the mutual fund issuer indicating the specific fund they wish to invest in. In addition, the customer provides the share class and the amount of their investment, and personal information. The customer submits the funds to open the account to the mutual fund issuer. The application, new account form, payment, and switch letter, if applicable, will be reviewed by a principal and sent to the mutual fund issuer for processing, if the materials are in good order. The mutual fund issuer has final approval of the application and processes the application upon receipt, if accepted. Shares are recorded by the transfer agent of the mutual fund issuer. A distribution payment is then processed by the mutual fund issuer to the Company. #### 12b-1 fees The Company receives 12b-1 fees based on the selling agreement between the mutual fund issuer and the Company. The 12b-1 fees are calculated, usually based on the number of days the client was invested in the fund and a basis point percentage of the asset value of the investment at the end of the period. These variable fees are recognized over the period the customers are invested. #### Disaggregated Revenue from Contracts with Customers The following table presents revenue by major source: | Revenue from contracts with customers: | | |---------------------------------------------|------------| | Commissions | \$ 137,536 | | 12b-1 fees | 42,252 | | Total revenue from contracts with customers | \$ 179 788 | #### Contract assets and liabilities Contract assets or liabilities exist when income is recognized upon completion of the related performance obligation and when an unconditional right to payment exists. The timing of revenue recognition may differ from the timing of customer payments. {13}------------------------------------------------ #### 6. Revenue from Contracts with Customers (Continued) Fees received prior to the completion of the performance obligation are recorded as deferred revenue on the statement of financial condition until such time when the performance obligation is met. Deferred revenue was \$0 at January 1, 2024 and December 31 , 2024, respectively. Alternatively, a receivable is recognized when a performance obligation is met prior to receiving payment by the customer. Receivables related to revenue from contracts with customers totaled \$0 and \$28,954 as of January 1, 2024, and December 31 , 2024, respectively. #### Contract Costs Direct costs to obtain or fulfill a contract are evaluated on a contract-by-contract basis. The Company did not have any capitalized contract costs at January 1, 2024, and at December 31 , 2024. 7. Related-Party Transactions The Company is party to an expense sharing agreement with the Member for operational and administrative support. In addition, the Company will keep a ledger for the cost and review the Member's books and records to ensure the Member has the means to pay for the cost. If the Member does not have the ability to assume responsibility for the cost, the Company will record the expense on its books and records, and it will be included in aggregate indebtedness. The Company's results of operations could differ significantly from those obtained if the entities were autonomous. The Company owes an affiliate \$100 for the initial deposit to set up the Company's operating bank account. 8. Commitments and Contingencies The Company had no commitments or contingencies outstanding at December 31 , 2024 and through the date of the issuance of this report. 9. Subsequent Events The Company has evaluated subsequent events through the date on which the financial statements were issued. The Company has noted there were no subsequent events warranting recognition in the financials or additional disclosure. {14}------------------------------------------------ #### ENCOMPASS MORE INVESTMENTS, LLC #### SUPPLEMENTAL INFORMATION #### DECEMBER 31 , 2024 {15}------------------------------------------------ #### **SCHEDULE I** #### ENCOMPASS MORE INVESTMENTS, LLC ## COMPUTATION OF AGGREGATE INDEBTEDNESS AND NET CAPITAL PURSUANT TO RULE 15c3-1 #### DECEMBER 31 , 2024 | Total member's equity from statement of financial condition | \$
49,748 | |-----------------------------------------------------------------------------------------|------------------| | Less nonallowable assets from statement of financial condition | 13,496 | | Net capital before haircuts on securities positions | 36,252 | | Haircuts on securities | | | Net capital | 36,252 | | | | | Aggregate indebtedness:
Total A.I. liabilities from statement of financial condition | | | | 29,467 | | Total aggregate indebtedness | 29,467 | | Percentage of aggregate indebtedness to net capital | 81.28% | | | | | Computation of basic net capital requiriement: | | | Minimum net capital required (6.67% of A.I.) | \$
1,964 | | Minimum dollar net capital requirement of reporting broker or dealer | \$
5,000 | | Excess net capital | \$
,252
31 | There is no material difference between the computation of net capital presented above and the computation of net capital reported in the Company's Form X-17 A-5 filed as of March 26, 2025. {16}------------------------------------------------ *675 Ygnacio Valley Road, Suite A200 Walnut Creek, CA 94596* *(925) 933-2626 Fax (925) 944-6333* #### **Review Report of Independent Registered Public Accounting Firm** To the Member of Encompass More Investments, LLC We have reviewed management's statements, included in the accompanying Exemption Report, in which (1) Encompass More Investments, LLC (the "Company") identified the following provisions of 17 C.F.R. § 15c3-3(k) under which the Company claimed an exemption from 17 C.F.R. §240.15c3-3:(k)(l) (the "exemption provision") and (2) the Company stated that it met the identified exemption provisions throughout 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 paragraph (k)(l) of Rule 15c3-3 under the Securities Exchange Act of 1934. Walnut Creek, California March 26, 2025 {17}------------------------------------------------ #### ENCOMPASS MORE INVESTMENfS, LLC #### **EXEMPTION REPORT** SEC Rule 17a-5(d)(4) Encompass More Investments, 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)(I) and 17 C.F.R. § 240.17a-5(dX4). To the best of its knowledge and belief, the Company states the following: - ( 1) The Company claimed an exemption from 17 C.F .R. § 240. l 5c3-3 under the following provisions of 17 C.F.R. § 240.15c3-3 (kXI). - (2) The Company met the identified exemption provisions in 17 C.F.R. § 240. I 5c3-(k) through the most recent fiscal year without exception. I, Chris Chatto, swear (or affirm) that, to my best knowledge and belief, this Exemption Report is true and correct. **By: Chris Chatto** cco Source: SEC EDGAR via Adviser Search (https://search.stillhousedata.com). Agents: see https://search.stillhousedata.com/llms.txt.