Broker/Dealer Services

Financial Accounting

Woodfield can provide financial accounting services to Broker Dealers and other financial institutions on a monthly or quarterly basis. At the end of each period, we will gather all necessary information from banks, vendors, customers, other third parties and internal records to prepare a comprehensive set of financial statements in accordance with GAAP (U.S.). The typical Broker/Dealer reporting package includes:

• Balance Sheet
• Income Statement
• Trial Balance Report
• General Ledger Listing
• General Journal Report
• Statement of Changes in Member's Capital

Audit Asistance

Woodfield will collaborate with the firm’s auditors to help insure a timely and efficient completion of the annual audit. We will prepare all required schedules, explain all financial transactions and generally assist in the completion of the audit. In addition, Woodfield will independently prepare the financial statements and footnote disclosures for inclusion in the annual audit if requested by the firm’s auditors.

Regulatory Compliance

We are equipped to assist with the various filing requirements of regulatory agencies for Broker/Dealers such as the Financial Industry Regulatory Authority (FINRA). The services Woodfield offers include preparation and electronic filing of monthly and quarterly FOCUS reports, computation of Aggregate Indebtedness and Minimum Net Capital Requirements subject to Rule 15c3, and other financial reporting/filing as necessary for regulatory compliance.