# EDGAR Filing Document

**Accession Number:** 0001424561
**File Stem:** 0001424561-23-000001
**Filing Date:** 2023-3
**Character Count:** 10529
**Document Hash:** cc7f0240b1596147559938a3f9163d6a
**Contains OCR:** False
**Source Format:** 

## Filing Content

## Filing Summary
**0001424561-23-000001.hdr.sgml**: 20230303

**ACCESSION NUMBER**: 0001424561-23-000001

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

**PUBLIC DOCUMENT COUNT**: 2

**CONFORMED PERIOD OF REPORT**: 20221231

**FILED AS OF DATE**: 20230303

**DATE AS OF CHANGE**: 20230303

**EFFECTIVENESS DATE**: 20230303

**PERIOD START**: 20220101

**FILER**: 

**COMPANY DATA:**
- **COMPANY CONFORMED NAME:** RCH SECURITIES, LLC
- **CENTRAL INDEX KEY:** 0001424561
- **IRS NUMBER:** 261322536
- **STATE OF INCORPORATION:** NC
- **FISCAL YEAR END:** 1231

**FILING VALUES:**
- **FORM TYPE:** X-17A-5
- **SEC ACT:** 1934 Act
- **SEC FILE NUMBER:** 008-67813
- **FILM NUMBER:** 23702359

**BUSINESS ADDRESS:**
- **STREET 1:** 1916 AYRSLEY TOWN BLVD
- **STREET 2:** SUITE 300
- **CITY:** CHARLOTTE
- **STATE:** NC
- **ZIP:** 28273
- **BUSINESS PHONE:** 704-248-5839

**MAIL ADDRESS:**
- **STREET 1:** 1916 AYRSLEY TOWN BLVD
- **STREET 2:** SUITE 200
- **CITY:** CHARLOTTE
- **STATE:** NC
- **ZIP:** 28273

**FORMER COMPANY:**
- **FORMER CONFORMED NAME:** ROLLOVER SECURITIES, LLC
- **DATE OF NAME CHANGE:** 20140102

**FORMER COMPANY:**
- **FORMER CONFORMED NAME:** RCH SECURITIES, LLC
- **DATE OF NAME CHANGE:** 20130404

**FORMER COMPANY:**
- **FORMER CONFORMED NAME:** ROLLOVER SECURITIES, LLC
- **DATE OF NAME CHANGE:** 20130307

### Attached PDF Documents

**Attachment 1:** `public.pdf`

# FORVIS

# Report of Independent Registered Public Accounting Firm

To the Board of Directors

## Opinion on the Financial Statement

We have audited the accompanying statement of financial condition of RCH Securities, LLC (the 'Company') as of December 31, 2022, including 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 December 31, 2022, 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 statement. Our audit also included evaluating the accounting principles used and significant estimates made by management, as well as evaluating the overall financial statement presentation. We believe that our audit provides a reasonable basis for our opinion.

**FORVIS, LLP**

**FORVIS, LLP** (Formerly, Dixon Hughes Goodman LLP)

We have served as the Company's auditor since 2008.

**Charlotte, NC** **March 1, 2023**

FORVIS is a trademark of FORVIS, LLP, registration of which is pending with the U.S. Patent and Trademark Office.

1

# **RCH SECURITIES, LLC**

Statement of Financial Condition

December 31, 2022

**PUBLIC**

## Table of Contents

|  | Page |
| --- | --- |
| Report of Independent Registered Public Accounting Firm | 1 |
| Statement of Financial Condition | 2 |
| Notes to Financial Statement | 3-4 |

# RCH SECURITIES, LLC

# STATEMENT OF FINANCIAL CONDITION

DECEMBER 31, 2022

# ASSETS

| Cash | $ | 319,815 |
| --- | --- | --- |
| Due From Parent |  | 400,940 |
| Prepaid Expenses |  | 42,218 |
| TOTAL ASSETS | $ | 762,973 |

# LIABILITIES AND MEMBER'S EQUITY

| Accounts Payable | $ | 7,417 |
| --- | --- | --- |
| Salaries & Wages Payable |  | 16,166 |
| Accrued Purchases |  | 3,600 |
| Accrued Expenses-ERC |  | 121,182 |
| Payroll W/H |  | 480 |
| TOTAL LIABILITIES |  | 148,845 |
| MEMBER'S EQUITY |  | 614,128 |
| TOTAL LIABILITIES AND MEMBER'S EQUITY | $ | 762,973 |

See notes to financial statement.

2

# RCH SECURITIES, LLC

## NOTES TO FINANCIAL STATEMENT FOR THE YEAR ENDED DECEMBER 31, 2022

### 1. SUMMARY OF OPERATIONS AND SIGNIFICANT ACCOUNTING POLICIES

**Operations** - RCH Securities, LLC (the “Company”), a wholly owned subsidiary of Retirement Clearinghouse, LLC (the “Parent”), is a limited liability company that operates as a registered broker dealer. As a registered broker dealer, the Company’s principal business is the distribution and servicing of mutual fund-based Individual Retirement Accounts (“IRA”) to individual investors that choose to move their qualified savings from a 401(k) or other qualified retirement plan into an IRA. The Company does not take title to, or control of, any securities. The Company is registered with the Securities and Exchange Commission, and is a member of the Financial Industry Regulatory Agency (“FINRA”).

**Estimates** - The preparation of financial statement in conformity with accounting principles generally accepted in the United States of America (“U.S. GAAP”) requires management to make estimates and assumptions that affect the reported amounts of certain assets and liabilities and disclosure of contingent assets and liabilities at the date of the financial statement and the reported amounts of revenues and expenses during the reporting period. Accordingly, the actual amounts could differ from those estimates.

**Cash** - The Company maintains cash deposits with financial institutions which are insured by the Federal Deposit Insurance Corporation (“FDIC”).

**Income Taxes** - The Company is a limited liability company that is taxed as a partnership for federal and state income tax purposes. The Company’s single member is also a limited liability company that is taxed as a partnership for federal and state income tax purposes. As a result, income or loss of the Company is considered income of the members of Retirement Clearinghouse, LLC and no income or loss tax provision is recorded by the Company. The Company has determined that it does not have any material unrecognized tax benefits or obligations as of December 31, 2022.

**Subsequent Events** - The Company evaluated the effect subsequent events would have on the financial statement through March 1, 2023, which is the date the financial statement was issued.

3

# **RCH SECURITIES, LLC**

# **NOTES TO FINANCIAL STATEMENT  
FOR THE YEAR ENDED DECEMBER 31, 2022**---

# **3. NET CAPITAL REQUIREMENTS**

The Company is subject to the Securities and Exchange Commission’s Uniform Net Capital Rule (SEC Rule 15c3-1), which requires the maintenance of minimum net capital and requires the ratio of aggregate indebtedness to net capital, both as defined, shall not exceed 15 to 1. As of December 31, 2022, the Company had net capital of $170,970 which was $145,970 in excess of its required net capital of $25,000. The Company had $148,845 in aggregate indebtedness at December 31, 2022 and a net capital ratio of 0.14 to 1.

# **4. RELATED PARTY TRANSACTIONS**

The Company’s primary purpose is to process certain transactions initiated by the Parent that require the services of a registered broker-dealer. These services can range from providing education regarding an individual’s product choices, investment choices, or servicing options to helping investors consolidate assets into retirement products, as well as moving assets from qualified retirement plans to individual retirement products. Only transactions that relate specifically to broker-dealer activities result in revenue being recognized by the Company. During 2022, all of the Company’s revenue was derived from the clients of its Parent. The Company received an allocation of total assets under administration of $156,093. The Parent allocates various percentages of its common office overhead expenses, personnel, marketing, and technology to the Company according to an expense sharing agreement. The Company incurred $473,048 in such charges for the year ended December 31, 2022. As of December 31, 2022, $400,940 was due from the Parent. In addition, as of December 31, 2022, amounts due to Parent included in trade payables amounted to $2,749.

# **4. COMMITMENTS AND CONTINGENT LIABILITIES**

The Company had no lease or equipment rental commitments, no underwriting commitments, no contingent liabilities and had not been named as defendant in any lawsuit at December 31, 2022 or during the year then ended.

# **5. GUARANTEES**

The Company has issued no guarantees at December 31, 2022 or during the year then ended.

# **6. ACCRUED EXPENSES-ERC**

The Company booked an accrued expense for the portion of Employee Retention Credit received in 2022 that may have to be returned to the IRS based on eligibility.

4

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

## FORM X-17A-5

### ANNUAL AUDITED REPORT

### Filer Information

**Filer CIK:** 0001424561

**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:** RCH SECURITIES, LLC

**Business Address:** 1916 AYRSLEY TOWN BLVD, SUITE 300, CHARLOTTE, NC, 28273

**Contact Person:** Spencer Pringle

**Contact Phone:** 704-248-5839

### Independent Public Accountant Identification

**Accountant Name:** FORVIS LLP

**Accountant Address:** 4350 Congress St. Suite 900, Charlotte, NC, 28209

**Accountant Type:** Certified Public Accountant

### OATH OR AFFIRMATION

I, **Spencer Pringle**, swear (or affirm) that, to the best of my knowledge and belief, the accompanying financial statements and supporting schedules pertaining to the firm of **RCH SECURITIES, LLC**, as of **12-31-2022**, are true and correct.

**Signature:** Spencer Pringle

**Title:** President

**Notarized:** Yes