# BUILDER ADVISOR GROUP, LLC X-17A-5 (2025-06-26) — Broker-dealer annual report - Company: BUILDER ADVISOR GROUP, LLC - Form: X-17A-5 - Filed: 2025-06-26 - Period: 2025-03-31 - Accession: 0002013816-25-000084 - CIK: 1511838 - File #: 8-68801 - Type: Broker-dealer - Material weakness: No - Auditor: Ernst Wintter & Associates LLP - Auditor location: Walnut Creek, CA - Contact: Jocyline Carrena - Phone: 212-668-8700 - Email: jcarrena@acisecure.com - Website: acisecure.com - Signed by: Kevin Van Gorder (Chief Compliance Officer) Original filing: https://www.sec.gov/Archives/edgar/data/1511838/000201381625000084/buildershortfinal.pdf --- {0}------------------------------------------------ UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 OMB APPROVAL OMB Number: 3235-0123 Expires: Nov, 30, 2026 Estimated average burden hours per response: # ANNUAL REPORTS FORM X-17A-5 PART III | SEC FILE NUMBER | |-----------------| | 8-68801 | 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 AND ENDING 03/31/2025 MM/DD/YY MM/DD/YY A. REGISTRANT IDENTIFICATION # NAME OF FIRM: Builder Advisor Group, LLC TYPE OF REGISTRANT (check all applicable boxes): Broker-dealer Check here if respondent is also an OTC derivatives dealer ് Security-based swap dealer (PCAOB Registration Number, if applicable) ADDRESS OF PRINCIPAL PLACE OF BUSINESS: (Do not use a P.O. box no.) # 770 Tamalpais Drive, Suite 401B | | (No. and Street) | | | | | | | | | | |----------------------------------------------|---------------------------------------------------------------------------|---------|------------------------|--|--|--|--|--|--|--| | Corte Madera | California | | 94925 | | | | | | | | | (City) | (State) | | (Zip Code) | | | | | | | | | PERSON TO CONTACT WITH REGARD TO THIS FILING | | | | | | | | | | | | Jocyline Carrena | 212-668-8700 | | jcarrena@acisecure.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) | | | | | | | | | 02/24/2009 | 3438 | | | | | | | | | | (Date of Registration with PCAOB)(if applicable) # FOR OFFICIAL USE ONLY \* Claims for exemption from the requirement that the annual reports of an independent public accountant must be supported by a statement of facts and circumstances relied on as the bask of the exemption. See 17 CFR 240.17a-5(e)(1){il), 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. {1}------------------------------------------------ ## OATH OR AFFIRMATION l, Kevin Van Gorder swear (or affirm) that, to the best of my knowledge and belief, the financial report pertaining to the firm of Builder Advisor Group, LLC as of 3/31 1 strue 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. Signature: Title Chief Compliance Officer Notary 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. - (I) 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. - [1] 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 capible 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. - [ (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. - [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. - [ (x) Supplemental reports on applying agreed-upon procedures, in accordance with 17 CFR 240.17a-12, 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). - [z) Other:\_ - \*\* To request confidential treatment of chis filing, see 17 CFR 240.170-5(e)(3) or 17 CFR 240.180-7(d)(2), as applicable. {2}------------------------------------------------ Financial Statement with Report of Independent Registered Public Accounting Firm March 31, 2025 This report is deemed PUBLIC in accordance with Rule 17a-5(e)(3) under the Securities Exchange Act of 1934. {3}------------------------------------------------ # Table of Contents | Report of Independent Registered Public Accounting Firm | | |---------------------------------------------------------|-------| | Financial Statement | | | Statement of Financial Condition | ന | | Notes to Financial Statement | 4 - 6 | {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 Builder Advisor Group, LLC # Opinion on the Financial Statement We have audited the accompanying statement of financial condition of Builder Advisor Group, LLC (the "Company") as of March 31, 2025, 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 the Company as of March 31, 2025 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 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 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 statement. Our audit also included evaluating the accounting principles used and significant estimates made by management, as well as everall presentation of the financial statement. We believe that our audit provides a reasonable basis for our opinion. We have served as Builder Advisor Group, LLC's auditor since 2013. Walnut Creek, California June 26, 2025 {5}------------------------------------------------ # Statement of Financial Condition # As of March 31, 2025 | Assets | | | |------------------------------------------------------------------|---|-----------| | Cash | S | 2,068,112 | | Investments in securities | | 710,344 | | Accounts receivable, net of \$57,000 allowance for credit losses | | 81,807 | | Other assets | | 56,330 | | Total Assets | | 2,916,593 | | Liabilities and Member's Equity | | | | Liabilities | | | | Accounts payable & accrued expenses | S | 66,485 | | Deferred revenue | | 678,000 | | Due to affiliate | | 267,503 | | Total Liabilities | | 1,011,988 | | Member's Equity | | 1,904,605 | | Total Liabilities and Member's Equity | S | 2,916,593 | The accompaying notes are an integral part of these financial statement. # 2 {6}------------------------------------------------ #### Notes to Financial Statement # March 31, 2025 #### 1. Organization Builder Advisor Group, LLC (the "Company") was organized as a California limited liability company in October 2010. The Company is owned by its sole member, Efficient Builder Technology Corporation (the"Member"), and operates in Corte Madera, California. Under this form of organization, the Member is not liable for the Company. The Company is a securities broker-dealer and registered with the Securities and Exchange Commission ("SEC") and the Financial Industry Regulatory Authority ("FINRA") in March 2012. The Company engages in investment banking, advisory services and private placements of securities. Under Rule 17a-5(d) of the Securities Exchange Act of 1934, the Company submitted a formal request on September 18, 2024, to change its fiscal year-end date for audited annual financial statements from December 31 to March 31. FINRA approved this request on September 23, 2024. Consequently, the Company will now operate under a fiscal year that concludes on March 31. #### 2. Significant Accounting Policies #### Basis of Presentation The Company prepares its financial statement in accounting principles generally accepted in the United States of America ("GAAP"). ### Cash and Cash Eauivalents The Company considers all demand deposits held in banks and certain highly liquid investments with original maturities of three months or less, other than those held for sale in the ordinary course of business, to be cash equivalents. The Company had no cash equivalents as of March 31, 2025. ### Accounts Receivable Accounts receivable represents amounts that have been earned and billed to clients in accordance with the terms of the Company's engagement letters with respective clients that have not yet been collected. The Company accounts for estimated credit losses on financial assets measured at an amortized cost basis and certain off-balance sheet credit exposures in accordance with FASB ASC 326-20, Financial Instruments - Credit Losses. FASB ASC 326-20 requires the Company to estimate expected credit losses over the life of its financials assets and certain off-balance sheet exposures 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 as credit loss expense on the Statement of Income. Per management's analysis, a \$57,000 allowance for credit losses was considered necessary as of March 31, 2025. #### Use of Estimates The preparation of financial statements in accordance with GAAP requires management to make and assumptions that affect the reported amounts of assets and liabilities at the financial statements and the reported amounts of revenues and expenses during the reporting period. Actual results could differ from those and may have an impact on future periods. #### Fair Value of Financial Instruments Unless otherwise indicated, the fair values of all reported assets and liabilities that represent financial instruments approximate the carrying values of such amounts. Investments in securities are the only financial instruments required at fair value on a recurring basis. {7}------------------------------------------------ #### Notes to Financial Statement March 31, 2025 #### 2. Significant Accounting Policies (continued) #### Income Taxes The Company, a limited liability company, is treated as a disregarded entity for tax purposes. In lieu of income taxes, the Company passes 100% of its taxable income and expenses to the Member. Therefore, no provision or state income taxes is included in these financial statements. The Company is however, subject to the annual California limited liability company tax of \$800 and a California limity company fee based on gross revenue. The Company is no longer subject to examinations by major tax jurisdictions for years before 2020. The Company does not believe it has positions. #### Segment reporting In November 2023, FASB issued Accounting Standards Update No. 2023 - Segment Reporting (Topic 280) Improvements to Reportable Segment Disclosures. The amendments in this update improve reportable segment disclosure requirements, primarily through enhanced disclosures about significant segment expenses on an annual and interim basis for all public business entities to enable investors to develop more decision-useful financial analyses. Most prominent about the changes in the standard is the entity is required to report a measure of segment profit or loss that the chief operating decision maker uses to assess segment performance and make decisions about allocating resources. The Company adopted ASC 2023-07. See Note 7. ## 3. Fair Value Measurements The Fair Value Measurements Topic of the FASB Accounting Standards Codification establishes that prioritizes the inputs used in valuation techniques to measure fair value.The hierarchy prioritizes unadjusted prices in active markets for identical assets or liabilities (Level 1 measurements) and the lowest priority to measurements involving significant unobservable inputs (Level 3 measurements). The three levels of the fair value hierarchy are as follows: - Level 1 Quoted prices (unadjusted) in active markets for liabilities that the Company can access at the measurement date. - Level 2 Inputs other than quoted prices included within Level 1 that are observable for the asset or liability, either directly or indirectly. - Level 3 #### Determination of Fair Value Under the Fair Value Measurements Topic of the FASB Accounting Standards Codification, the Company bases its fair value on the price that would be received to sell an asset or paid to transfer a liability in an orderly transaction between participants at the measurement date. It is the Company's policy to maximize the use of observable inputs and minimize the use of unobservable inputs when developing fair value measurements, in accordance with the fair value measurements for assets and liabilities where there exists limited or no observable market data and, therefore, are based primarily upon management's own estimates, are often calculated based on current pricing policy, the economic and competitive environment, the characteristics of the asset or liability and other such factors. The results cannot be determined with precision and may not be realized in an actual sale or immediate settlement of the asset or libility. Additionally, there may be inherent weaknesses in any calculation technique, and changes in the underlying assumptions used, including discount rates and estimates of flows, that could significantly affect the results of current or future value. {8}------------------------------------------------ Notes to Financial Statement March 31, 2025 ## 3. Fair Value Measurements (Continued) ## Investments in Securities The Company classifies its investments in securities whereby unrealized gains and losses are recorded on the Statement of Income. Fair values are based on quoted market prices when available. When market prices are not available, fair value is generally estimated using discounted cash flow analyses, incorporating current market inputs for similar financial instruments. In instances where there is little or no market activity for the same or similar instruments, the Company estimates fair value using methods, models and assumptions that the managing member believes market participants would use to determine a current transaction price. These valuation techniques involve a high level of the managing member's estimation and judgment which become significant with increasingly complex instruments or pricing models. Where appropriate, adjustments are included to reflect the risk inherent in a particular methodology, model or input used. ## Assets and Liabilities Measured and Recognized at Fair Value on a Recurring Basis The table below presents the amounts of assets measured at fair value on a recurring basis as of March 31, 2025: | Assets | | Level 1 | Level 2 | Level 3 | | Total | |---------------------|----|---------|---------|---------|---|------------| | U.S. Treasury notes | ട് | 710,344 | | | ഗ | 710,344 | | | | 710,344 | | | | \$ 710,344 | U.S. treasury notes and bills are based on quoted market prices in active markets for identical assets. # 4. Revenue from Contracts with Customers #### Contract Balances 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 \$207,636 and \$81,807 as of January 1, 2025 respectively. Alternatively, fees received before the performance obligation is completed as deferred revenue on the statement of financial condition until the obligation is fulfilled. Deferred revenue primarily pertains to retainer in investment banking engagements. Deferred related to contracts with customers was \$158,240 and \$678,000 as of January 1, 2024, and March 31, 2025, respectively. # 5. Related Party Transactions Effective January 1, 2024, the Company entered into an expenses with the Member. The Company pays its proportional share of office rent, compensation, and other overhead costs to the Member. The Company is not a party to a lease. As of March 31, 2025, the Company had an outstanding balance due to the Member totaling \$267,503, which is included as a due-to-affiliate balance in the accompanying Statement of Financial Condition. # 6. Risk Concentrations ### Cash Cash and concentration of credit risk consit accounts at two banks. Bank deposits are guaranteed by the Federal Deposit Insurance Corporation ("FDIC") up to \$250,000. The Company may be exposed to credit risk for the amounts of funds held in excess of insurance limits. In assessing this risk, the Company's policy is to maintain cash balances with reputable financial institutions. At March 31, 2025, the amount in excess of the insured limits was \$1,789,412. The net capital requirements are not impacted by amounts over the FDIC insurance limit. {9}------------------------------------------------ # March 31, 2025 ## 7. Segment Reporting The Company follows ASC 280, Segment Reporting, as amended by the FASB ASU 2023-07. The Company is engle line of business as a securities broker comprising several classes of services, including fees and private placement. The Company has identified its Chief Executive Officer ("CEO") as the Chief Operating Decision Maker ("CODM"), who uses net income to evaluate the results of the business, predominantly in the forecast to manage the Company. Additionally, the CODM uses excess net capital (See Note 8), which is not a measure of profit and loss, to make operational decisions while maintaining capital adequacy, such as reinvesting profits or pay's operations constitute a single operating segment and, therefore, a single reportable segment because the business activities using information about the Company as a whole. ## 8. Net Capital Requirements Pursuant to the net capital provisions of Rule 15c3-1 of the Securities Exchange Act of 1934, the Company is required to maintain a minimum level of net capital, as defined under such provisions. Additionally, the Company is required to maintain a net capital ratio (a ratio of aggregate indebtedness to net capital) of not more than 1500%. At March 31, 2025, the Company had net capital of \$1,763,969, which was \$1,663,969 in excess of its required minimum net capital of \$100,000. The Company's ratio of aggregate indebtedness to net capital was 0.57 to 1 as of March 31, 2025. ## 9. Contingencies Management of the Company believes there is no pending or threatened litigation that will result in any material adverse effect on the Company's results of operations, financial condition, or net capital requirements. ## 10. Subsequent Events The Company has evaluated events subsequent to the Statement of Financial Condition date for items requiring recording or disclosure in the financial statements. The evaluation was performed through the financial statements were issued. Source: SEC EDGAR via Adviser Search (https://search.stillhousedata.com). Agents: see https://search.stillhousedata.com/llms.txt.