# 3WIRE ADVISORY LLC X-17A-5 (2025-03-27) — Broker-dealer annual report - Company: 3WIRE ADVISORY LLC - Form: X-17A-5 - Filed: 2025-03-27 - Period: 2024-12-31 - Accession: 0001972218-25-000003 - CIK: 1972218 - File #: 8-71082 - Type: Broker-dealer - Material weakness: No - Auditor: DeMarco Sciaccotta Wilkens & Dunleavy, LLP - Auditor location: Frankfort, IL - Contact: Carl A Serra III - Phone: 3394401333 - Email: aantenucci@3wp.com - Website: 3wp.com - Signed by: Anita Antenucci (Managing Member) Original filing: https://www.sec.gov/Archives/edgar/data/1972218/000197221825000003/publiccs.pdf --- {0}------------------------------------------------ 3WIRE ADVISORY LLC AUDITED FINANCIAL STATEMENTS DECEMBER 31 , 2024 {1}------------------------------------------------ ### 3WIRE ADVISORY LLC FINANCIAL STATEMENTS DECEMBER 31 , 2024 # CONTENTS | Facing Page/Oath or Affirmation | 1-2 | |----------------------------------------------------|-----| | Report of Independent Registered Public Accounting | 3 | | Firm Statement of Financial Condition | 4 | | Notes to Financial Statements | 5-7 | {2}------------------------------------------------ #### **UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549** 0MB APPROVAL 0 MB Number: 3235-0123 Expires: Nov. 30, 2026 Estimated average burden hours per response: 12 # **ANNUAL REPORTS FORM X-17 A-5 PART Ill** | SEC FILE NUMBER | |-----------------| |-----------------| 8-71082 **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 \_\_\_ 1 \_ 19\_ 12\_ 0 \_ 24 \_\_\_ AND ENDING \_\_\_ 12 \_ 1 \_ 3 \_ 11\_ 2 \_ 02\_ 4 \_\_ \_ MM/DD/VY MM/DD/VY **A. REGISTRANT IDENTIFICATION** NAME OF FIRM: 3Wire Advisory LLC TYPE OF REGISTRANT (check all applicable boxes): ~ Broker-dealer D Security-based swap dealer D Major security-based swap participant □ Check here if respondent is also an OTC derivatives dealer ADDRESS OF PRINCIPAL PLACE OF BUSINESS: (Do not use a P.O. box no.) 1717 Pennsylvania Ave. NW, Suite 300 Washington (City) (No. and Street) DC (State) PERSON TO CONTACT WITH REGARD TO THIS FILING 20006 (Zip Code) Anita Antenucci (202) 679-5987 aantenucci@3wp.com (Name) (Area Code -Telephone Number) (Email Address) **B. ACCOUNTANT IDENTIFICATION** INDEPENDENT PUBLIC ACCOUNTANT whose reports are contained in this filing \* DeMarco Sciaccotta Wilkens & Dunleavy, LLP (Name - if individual, state last, first, and middle name) 20646 Abbey Woods Ct **N** Suite 201 Frankfort (Address) (City) (State) December 21 , 2010 5376 **FOR OFFICIAL USE ONLY** IL 60423 (Zip Code) \* 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-S(e)(l)(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 0MB control number.** {3}------------------------------------------------ #### **OATH OR AFFIRMATION** | OATH OR AFFIRMATION | |------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------| | swear (or affirm) that, to the best of my knowledge and belief, the
I, Anita Antenucci | | financial report pertaining to the firm of 3Wire Advisory LLC
. as of | | . 2 024 . is true and correct. I further swear (or affirm) that neither the company nor any
December 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. | | ~
JANELLE C HAMILTON
Notary Public
Commonwealth of Virginia
Registration No. 750761 8
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~{JI H.& Uu.A | | This filing** contains (check all applicable boxes): | | (a) Statement of financial condition.
@ | | ~ (b) Notes to consolidated statement of financial condition. | | D
(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
(d) Statement of cash flows. | | D
(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. | | D
(g) Notes to consolidated financial statements. | | D
(h) Computation of net capital under 17 CFR 240.15c3-1 or 17 CFR 240.18a-1, as applicable. | | D
(i) Computation of tangible net worth under 17 CFR 240.18a-2. | | D
(j) 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 240.18a-4, as applicable. | | D
(I) Computation for Determination of PAB Requirements under Exhibit A to§ 240.15c3-3. | | D
(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 | | 240.1Sc3-3(p)(2) or 17 CFR 240.18a-4, as applicable. | | D
(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. | | D
(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. | | D
(r) Compliance report in accordance with 17 CFR 240.17a-S or 17 CFR 240.18a-7, as applicable. | | D
(s) Exemption report in accordance with 17 CFR 240.17a-5 or 17 CFR 240.18a-7, as applicable. | | ~ (t) Independent public accountant's report based on an examination of the statement of financial condition. | | D
(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 240.18a-7. or 17 CFR 240.17a-12. as appl icable. | | D
(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. | | D
(w) Independent public accountant's report based on a review of the exemption report under 17 CFR 240.17a-S or 17
CFR 240.18a-7, as applicable. | | D
(x) Supplemental reports on applying agreed-upon procedures, in accordance with 17 CFR 240.1Sc3-1e or 17 CFR 240.17a-12, | | as applicable. | | D
(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). | | __
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(z) Other:
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_ | | **To request confidential treatment of certain portions of this filing, see 17 CFR 240.17a-5{e}{3} or 17 CFR 240.18a-7(d)(2), as
applicable. | {4}------------------------------------------------ ![](_page_4_Picture_0.jpeg) #### REPORT OF INDEPENDENT REGISTERED PUBLIC ACCOUNTING FIRM Managing Member of 3Wire Advisory LLC #### **Opinion on the Financial Statement** We have audited the accompanying statement of financial condition of 3Wire Advisory LLC (the "Company") as of December 31 , 2024, and the related notes ( collectively referred to as the "financial statement"). In our opinion, the financial statement presents fairly, in all material respects, the financial position of 3Wire Advisory LLC as of December 31 , 2024 in conformity with accounting principles generally accepted in the United States of America. #### **Basis for Opinion** This financial statement is the responsibility of the Company's management. Our responsibility is to express an opinion on the Company'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 audit included 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 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. We have served as 3Wire Advisory LLC's auditor since 2024. Frankfort, Illinois March 20, 2025 {5}------------------------------------------------ # 3WIRE ADVISORY LLC STATEMENT OF FINANCIAL CONDITION DECEMBER 31 , 2024 #### ASSETS | Cash
Accounts receivable
Prepaid expenses | \$
149,984
58,333
21 | |------------------------------------------------------|-------------------------------| | TOT AL ASSETS | \$
208,338 | | | | | Liabilities:
Unearned revenue
Due to affiliate | \$
79,166
9,347 | | TOT AL LIABILITIES | 88 513 | | Member's Equity | 119 825 | | TOT AL LIABILITIES AND MEMBER'S EQUITY | \$
208,338 | The accompanying notes are an integral part of these financial statements {6}------------------------------------------------ # 3WIRE ADVISORY LLC NOTES TO FINANCIAL STATEMENTS DECEMBER 31 , 2024 #### **NOTE 1. ORGANIZATION AND NATURE OF BUSINESS** 3Wire Advisory LLC (the "Company") is incorporated in the state of Deleware. The Company is headquartered in Washington, D.C. The Company is a registered brokerdealer with the Securities and Exchange Commission ("SEC") and a member of the Financial Industry Regulatory Authority ("FINRA"). The Company specializes in private placements and mergers and acquisitions to institutional investors in the United States. # **NOTE 2. SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES** #### **Segment Reporting** On January 9, 2024, the Company adopted ASU 2023-07 - Segment Reporting, for improved disclosure regarding reportable segments. The Company's Chief Operating Decision Maker ("CODM") is solely the Managing Partner and Managing Member. Due to the similarities and related nature of the broker-dealer's products, the CODM aggregates and evaluates the broker-dealer's mergers and acquisitions advice, and private placement of securities advice, 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 operating divisions include revenue, net income, and cash flows from operations. The key metrics are utilized to guide decision making regarding risk assessment, cost management, and forecasting future results. The Company's operating divisions have similar economic characteristics and are expected to have similar economic characteristics and long-term financial performance in future periods. # **Cash** The Company considers all instruments with an original maturity of three months or less when purchased to be cash equivalents. # **Accounts Receivable** Effective January 9, 2024, the Company adopted ASC Topic 326, Financial Instruments - Credit Losses ("ASC 326"). ASC 326 impacts the impairment model for certain financial assets measured at amortized cost by requiring a current expected credit loss ("CECL") methodology to estimate expected credit losses over the entire life of the financial asset, recorded at inception or purchase. Under the accounting update, the Company has the ability to determine there are no expected credit losses in certain circumstances. ASC 326 specifies that the Company adopt the new guidance prospectively by means of cumulative-effect adjustment to the opening retained earnings as of the beginning of the first reporting period effective. The company believes there is no impact to opening member's equity upon adoption. {7}------------------------------------------------ # 3WIRE ADVISORY LLC NOTES TO FINANCIAL STATEMENTS DECEMBER 31 , 2024 # **NOTE 2. SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES (Continued)** # **Accounts Receivable** Accounts receivable consists of private placement fee revenue earned from closed transactions due under normal trade terms. Interest income is recorded based on the terms of the agreement. The allowance for credit losses is based on the Company's expectation of the collectability of financial instruments carried at amortized cost, including fees receivable utilizing the CECL framework. The Company individually evaluates accounts receivable for collectability once it becomes past due and would record a reserve if required. Management does not believe that an allowance for credit losses is required as of December 31 , 2024. # **Use of Estimates** Management uses estimates and assumptions in preparing financial statements in accordance with accounting principles generally accepted in the United States of America. Those estimates and assumptions affect the reported amounts of assets and liabilities, the disclosures of contingent assets and liabilities. Actual results could vary from the estimates that were assumed in preparing the financial statements. # **Property and Equipment** Property and other office equipment are stated at cost. Depreciation is calculated on the straight-line method over the estimated useful lives of the related assets (three years for equipment and furniture and thirty-nine years for leasehold improvements).The Company does not have property and equipment. # **Concentration of Credit Risk** The Company maintains its cash in bank deposit accounts which, at times, may exceed federally insured limits. Accounts are guaranteed by the Federal Deposit Insurance Corporation (FDIC) up to \$250,000. At December 31, 2024, the Company did not have cash in excess of FDIC insured limits. The Company has not experienced any losses in such accounts. {8}------------------------------------------------ ### 3WIRE ADVISORY LLC NOTES TO FINANCIAL STATEMENTS DECEMBER 31 , 2024 #### **NOTE3. NET CAPITAL REQUIREMENTS** The Company is subject to the SEC 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. The rule also provides that equity capital may not be withdrawn, or cash dividends paid if the resulting ratio would exceed 10 to 1. The Company's net capital computed under 15c3-1 was \$\$98,970 at December 31 , 2024, which exceeds the required net capital of \$5,000 by \$\$93,970. The ratio of aggregate indebtedness to net capital at December 31 , 2024 was 0.09 to 1.0. ### **NOTE4. INCOME TAXES** A limited liability company is treated as a partnership for both federal and state income tax purposes. The Company files a consolidated tax return on a cash basis with 3Wire Partners LLC, and its sole member. Therefore, no provision or liability for federal or state income taxes are required in these financial statements. Accounting Standards Codification ("ASC") 740 provides guidance for how uncertain tax positions should be recognized, measured, presented and disclosed in the financial statements. ASC 740 requires the evaluation of tax positions taken or expected to be taken in the course of preparing the Company's tax returns to determine whether the tax positions are "more-likely-than-not" of being sustained by the applicable tax authority. Tax positions not deemed to meet the more-likely-than-not threshold would be recorded as a tax benefit or expense in the current year. The Company began operations on January 9, 2024 and there are no tax years that remain subject to examination. The Company determined that there are no uncertain tax positions which would require adjustments or disclosures on the financial statements. #### **NOTE 5. COMMITMENTS-LEASES** The Company recognizes and measures its leases in accordance with F ASB ASC 842, Leases. As of December 31 , 2024, there were no leases accounted for under ASC 842. #### **NOTE 6. 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. Source: SEC EDGAR via Adviser Search (https://search.stillhousedata.com). Agents: see https://search.stillhousedata.com/llms.txt.