# EDGAR Filing Document

**Accession Number:** 0001497950
**File Stem:** 0001497950-23-000002
**Filing Date:** 2023-3
**Character Count:** 7021
**Document Hash:** bc76a883c3d9cdf0839e951e849c7df0
**Contains OCR:** False
**Source Format:** 

## Filing Content

## Filing Summary
**0001497950-23-000002.hdr.sgml**: 20230331

**ACCESSION NUMBER**: 0001497950-23-000002

**CONFORMED SUBMISSION TYPE**: X-17A-5

**PUBLIC DOCUMENT COUNT**: 2

**CONFORMED PERIOD OF REPORT**: 20221231

**FILED AS OF DATE**: 20230331

**DATE AS OF CHANGE**: 20230331

**EFFECTIVENESS DATE**: 20230331

**PERIOD START**: 20220101

**FILER**: 

**COMPANY DATA:**
- **COMPANY CONFORMED NAME:** TIGRESS FINANCIAL PARTNERS, LLC
- **CENTRAL INDEX KEY:** 0001497950
- **IRS NUMBER:** 272697259
- **STATE OF INCORPORATION:** DE
- **FISCAL YEAR END:** 1231

**FILING VALUES:**
- **FORM TYPE:** X-17A-5
- **SEC ACT:** 1934 Act
- **SEC FILE NUMBER:** 008-68671
- **FILM NUMBER:** 23784756

**BUSINESS ADDRESS:**
- **STREET 1:** 410 PARK AVENUE
- **STREET 2:** 12TH FLOOR
- **CITY:** NEW YORK
- **STATE:** NY
- **ZIP:** 10022
- **BUSINESS PHONE:** 201-471-1976

**MAIL ADDRESS:**
- **STREET 1:** 410 PARK AVENUE
- **STREET 2:** 12TH FLOOR
- **CITY:** NEW YORK
- **STATE:** NY
- **ZIP:** 10022

### Attached PDF Documents

**Attachment 1:** `tigress2022bsc.pdf`

# TIGRESS FINANCIAL PARTNERS, LLC  
NOTES TO FINANCIAL CONDITION  
DECEMBER 31, 2022

# Note 6 - Right of Use Asset and Lease Liability (continued)

The Company occupies office space in New York City. The lease expired in June 2021 and the renewed lease ran through June 2022 with a monthly rental payment of approximately $35,000. The lease was further extended and renewed through December 2023, with a monthly rental payment of approximately $38,000. The Company made a security deposit required under the extended lease of $37,488. The Company recorded rent expense for the year of approximately $492,000. The Company doesn't have any other lease or finance lease arrangements.

In accordance with FASB issued (ASU) 2016-02, 'Leases (Topic 842)' the Company classified the lease as an operating lease. The lease doesn't contain a renewal option but can be extended at our discretion at the end of the lease. The Company has had based the right of use asset and lease liabilities on the present value of future minimum lease payments. In accordance with the guidance, the Company has an increase on its balance sheet as of December 31, 2022 for the right of use asset of $441,230, offset by lease liabilities of $441,230. The amortization of the right-of-use asset for year ended December 31, 2022 was $208,548, and operating cash flow paid for lease liability during the same period was $208,548. The present value of the future minimum lease payments was determined by using the incremental collateralized borrowing rate of July 1, 2022 of 7.5%.

A reconciliation of operating lease liabilities by minimum lease payments and discount amount by year, as of December 31, 2022, are as follows:

| Year Ending December 31, | Lease | Less Discount Amount | Total Lease Liability |
| --- | --- | --- | --- |
| 2023 | $459,360 | $18,130 | $441,230 |
|  | $459,360 | $18,130 | $441,230 |

# Note 7 - Contingency

The Company introduces all customer transactions in securities traded on U.S. securities markets to a clearing broker on a fully-disclosed basis. The agreement between the Company and its clearing broker provides that the Company is obligated to assume any exposure related to non-performance by customers or counter parties.

The Company's exposure to credit risk associated with the non-performance of customers and counter parties in fulfilling their contractual obligations pursuant to these securities transactions can be directly impacted by volatile trading markets which may impair the customer's or counter party's ability to satisfy their obligations to the Company. In the event of non-performance, the Company may be required to purchase or sell financial instruments at unfavorable market prices resulting in a loss to the Company. The Company does not anticipate non-performance by customers and counter parties in the above situations.

- 8 -

# TIGRESS FINANCIAL PARTNERS, LLC  
NOTES TO FINANCIAL CONDITION  
DECEMBER 31, 2022

# Note 8 - Property and Equipment

Property and equipment, net at December 31, 2022 are summarized as follows:

| Furniture and fixtures | $141,435 |
| --- | --- |
| Less: accumulated depreciation | 100,409 |
|  | $41,026 |

# Note 9 Securities owned

The following schedule summarizes the Company's investments fair value and return for the year ended December 31, 2022:

| Fair value - January 1, 2022 | $139,773 |
| --- | --- |
| Dividends, interest and distributions reinvested | 999 |
| Net unrealized loss | (44,252) |
| Fair value - December 31, 2022 | $95,383 |

The securities owned consisted of China World Fund with a fair value of $95,383 at December 31, 2022, which was valued based on its quoted market price.

The following table shows the major categories of investments measured at fair value at December 31, 2022, grouped by the fair value hierarchy:

| Description | (Level 1) | (Level 2) | (Level 3) | Total |
| --- | --- | --- | --- | --- |
| Mutual funds | $95,383 | $ - | $ - | $95,383 |
| Total at fair value | $95,383 | $ - | $ - | $95,383 |

# Note 10 - Other Assets

Other assets consist of the following:

| Receivable from employee | $63,051 |
| --- | --- |
| Prepaid expenses | 46,162 |
| Security deposit | 37,488 |
|  | $146,701 |

- 9 -

# TIGRESS FINANCIAL PARTNERS, LLC  
NOTES TO FINANCIAL CONDITION  
DECEMBER 31, 2022

# Note 11 - Subsequent Events

The Company has evaluated subsequent events and transactions that occurred after December 31, 2022 through March 30, 2023, which is the date that the financial statements were available to be issued. During this period, there were no other material subsequent events requiring disclosure or adjustment to the financial statements.

- 10 -

### UNITED STATES SECURITIES AND EXCHANGE COMMISSION
**Washington, D.C. 20549**

## FORM X-17A-5

### ANNUAL AUDITED REPORT

### Filer Information

**Filer CIK:** 0001497950

**Filer CCC:** XXXXXXXX

**Is this a LIVE or TEST filing?:** LIVE

**Would you like a Return Copy?:** No

### Submission Information

**Report Period Begin Date:** 01-01-2022

**Report Period End Date:** 12-31-2022

**Type of Registrant:** Broker-dealer

**Any material weaknesses identified?:** No

### Registrant Identification

**Name of Broker-Dealer:** TIGRESS FINANCIAL PARTNERS, LLC

**Business Address:** 410 PARK AVENUE, 12TH FLOOR, NEW YORK, NY, 10022

**Contact Person:** Michael T Marrone

**Contact Phone:** 6469301906

### Independent Public Accountant Identification

**Accountant Name:** WEI WEI CL LLP

**Accountant Address:** 133-10 39TH AVENUE, FLUSHING, NY, 11354

**Accountant Type:** Certified Public Accountant

### OATH OR AFFIRMATION

I, **CYNTHIA DIBARTOLO**, swear (or affirm) that, to the best of my knowledge and belief, the accompanying financial statements and supporting schedules pertaining to the firm of **TIGRESS FINANCIAL PARTNERS, LLC**, as of **12-31-2022**, are true and correct.

**Signature:** CYNTHIA DIBARTOLO

**Title:** CEO

**Notarized:** Yes