# INTEGRATED FINANCIAL PLANNING SERVICES X-17A-5 (2026-07-13) — Broker-dealer annual report - Company: INTEGRATED FINANCIAL PLANNING SERVICES - Form: X-17A-5 - Filed: 2026-07-13 - Period: 2025-12-31 - Accession: 0000783427-26-000003 - CIK: 783427 - File #: 8-35120 - Type: Broker-dealer - Material weakness: No - Auditor: Stephen J. Staresinic - Auditor location: Stuttgart, 2M - Contact: Marcia Huntington-Sell - Phone: 4434504543 - Email: marcia.huntington-sell@ifpsonline.com - Website: ifpsonline.com - Signed by: Kathy Cuomo (Financial Operations Manager) Original filing: https://www.sec.gov/Archives/edgar/data/783427/000078342726000003/IFPS2025Audit_OCR.pdf --- {0}------------------------------------------------ **UNITED STATES SECURITIES AND EXCHANGE COMMISSION W ashington, D.C. 20549 ANNUAL REPORTS FORM X-17A-5 PART** Ill **FACING PAGE** 0MB APPROVAL 0MB Number: 323S-0123 Expires: Nov. 30, 2026 Estimated average burden hours per response: 12 SEC FILE NUMBER 8-35-120 Information **Required Pursuant to Rules 17a-5, 17a-12, and lSa-7 under the Securities Exchange Act of 1934** FILING FOR THE PERIOD BEGINNING **O 1 / 01 / 2025** MM/00/YY AND ENDING **12/31 / 2025** MM/00/YY **A. REGISTRANT IDENTIFICATION** NAME oF FIRM: Integrated Financial Planning Services TYPE OF REGISTRANT (check all applicable boxes): [!] Broker-dealer D Security-based swap dealer D Major security-based swap participant D Check here if respondent is also an OTC derivatives dealer ADDRESS OF PRINCIPAL PLACE OF BUSINESS: (Do not use a P.O. box no.) Karlstrasse 20 (No. and Street) Heidelberg, Germany (City) (State) 69117 (Zip Code) PERSON TO CONTACT WITH REGARD TO THIS FILING Marcia Huntington-Sell 443-450-4543 Marcia.huntington-sell@ifpsonline.com **(Name) (Area** Code - Telephone Number) (Email Address) **B. ACCOUNTANT IDENTIFICATION** INDEPENDENT PUBLIC ACCOUNTANT whose reports are contained in this filing\* Stephen J. Staresinic, CPA (Name - if individual, state last, first, and middle name) Werastrasse 105 Stuttgart, Germany 70190 (Address) (City) (State) (Zip Code) 4/23/2009 3459 (Date of Registration with PCAOB)(if applicable) (PCAOB Registration Number, if applicable) **FOR OFFICIAL USE ONLY** • 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)(il), if applicable. Persons who are to respond to the collection of information cont ained in this form are not required to respond unless the form displays a currently valid 0 MB control number. {1}------------------------------------------------ #### **OATH OR AFFIRMATION** | | I, Kathy P Cuomo | swear (or affirm) that, to the best of my knowledge and belief, the | | | |----------------------------------------------------------------------------------------------------------------------------|---------------------------------------------------------------------------------------------------------------------------------|--------------------------------------------------------------------------------------------------------------------------------------|--|--| | | | financial report pertaining to the firm of Integrated Financial Planning Services
as of | | | | | _1_2_/_3_1 _________ __, 2~ | is true 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. | ,,-'''''"'""'"''
o N '"•,,,
s~ ,,
,,, -\ | | | | | | 0
~ ~,~ ------
'"<, ,, | | | | | | ~• ~ •o'°'M. 12,t,' ~ ~
l ~,,-v
~~\~\ | | | | | | ~-
j
,'
~OTA~~
'.
\ | | | | | | ~~
---
=
=
•
I
I
-
itle.
T
t
•
:,
A
:
:
', | | | | | | F
inanclal Operations
Principal
;
,
Us1.\C.
~/~;
•
;
~~\.,. | | | | | | ': '"" •,-f>-20 zo'I:.• -" ~
~·
\"I/
,
• - - | | | | | | ''•<" couN~ • ,,
~ | | | | | | ,,,,,,,,,,. ,,,,,,, | | | | | This filing* | | | | | '!!I | (a) Statement of financial condition. | | | | | D | (b) Notes to consolidated statement of financial condition. | | | | | l!i | | (c) St atement 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). | | | | '!!I | (d) Statement of cash flows. | | | | | | | l!i (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. | | | | | l!i (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. | | | | | | | l!i (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.lSa-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. | | | | '!!I | | (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-5 or 17 CFR 240.18a-7, as applicable. | | | | | | l!i (s) Exemption report in accordance w | ith 17 CFR 240.17a-5 or 17 CFR 240.lSa-7, as applicable. | | | | | l!i (t) Independent public accountant's report based on an examination of the statement of financial condition. | | | | | | l!i (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 applicable. | | | | | | l!i (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. | | | | | '!!I | | (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. | | | | | D | | (x) Supplemental reports on applying agreed-upon procedures, in accordance with 17 CFR 240.15c3-1e or 17 CFR 240.17a-12, | | | | | as applicable. | | | | | | | l!i (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). | | | - ~ (Z) Other: Independent Report on SIPC Annual Assessment, SIPC Supplement Letter. Certification ofT9st of Spocial Procedures - \*\*To request confidential treatment of certain portions of this filing, see 17 CFR 240.17a-5(e){3) or 17 CFR 240.1Ba-7(d)(2), as applicable. {2}------------------------------------------------ # **INTEGRATED FINANCIAL PLANNING SERVICES** Karlstrasse 20, 69117 Heidelberg, Germany **Audited Financial Statements** # **For Year Ending December 31, 2025** {3}------------------------------------------------ # Audited Balance Sheet # Integrated Financial Planning Services As of December 31, 2025 | DISTRIBUTION ACCOUNT | TOTAL | |------------------------------------|--------------| | Assets | | | Current Assets | | | Bank Accounts | | | 100 M & T Main Acct | 142,375.22 | | 101 Commerzbank 9100 | 0.00 | | 102 Volksbank 1109 | 1,344.47 | | 103 M & T Bank - Savings | 40,923.41 | | 107 Direct Deposit | 0.00 | | 108 Sparkasse 6410 | 12,851.54 | | 111 M & T Special Acct | 1,960.00 | | 112 Sparkasse Capital 8529 | 581.40 | | 114 Wise Bank | 4,500.52 | | Total for Bank Accounts | \$204,536.56 | | Accounts Receivable | | | 1200 Accounts Receivable | 1,675.61 | | Total for Accounts Receivable | \$1,675.61 | | Other Current Assets | | | 104 Acct Rec - Other | 0.00 | | 105 Acct Rec - Owner Exp Reimb. | 0.00 | | 106 Acct Rec • Reps Comms | 0.00 | | 109 Acct Rec - AETNA | 0.00 | | 110 FINRA Cash Account | 4,305.19 | | 113 Acct Rec MF Commissions | 146,453.46 | | 130 Prepaid Rent | 3,488.37 | | 131 Prepaid FINRA Focus Assessment | 0.00 | | 132 Prepaid Renewal Fees | 13,343.00 | | 133 Prepaid Insurance | 17,872.51 | | 134 Prepaid Legal Fees | 0.00 | | 135 Prepaid Supplies | 5,310.00 | | 136 Prepaid Computer Service | 0.00 | | 137 Petty Cash | 75.24 | | 1499 Undeposited Funds | 0.00 | | Total for Other Current Assets | \$190,847.77 | | Total for Current Assets | \$397,059.94 | | Fixed Assets | | | 140 Furniture & Equipment | 9,865.57 | | 150 AID - Furn & Equip | -1 ,951 .25 | | Total for Fixed Assets | \$7,914.32 | | Total for Assets | \$404,974.26 | {4}------------------------------------------------ ### Audited Balance Sheet #### Integrated Financial Planning Services As of December 31 , 2025 | DISTRIBUTION ACCOUNT | TOTAL | | |-------------------------------------|--------------|--| | Liabilities and Equity | | | | Llabllitles | | | | Current Liabilities | | | | Other Current Liabilities | | | | 201 AP Representatives | 0.00 | | | 205 Accounts Payable | 5,217.44 | | | 208 Taxes Payable | 0.00 | | | 210 Comm. Payable | 113,249.85 | | | Comptroller of Maryland Payable | 0.00 | | | Out Of Scope Agency Payable | 0.00 | | | Total for Other Current Liabilities | \$118,467.29 | | | Total for Current Liabllitles | \$118,467.29 | | | Total for Liabilities | \$118,467.29 | | | Equity | | | | 3000 Opening Bal Equity | 261,546.74 | | | 309 IFP, Ltd. | \$0.00 | | | FSA Fee Revenue | 0.00 | | | Total for 309 IFP, Ltd. | \$0.00 | | | 300 Owners Equity | -28,175.00 | | | Net Income | 53,135.23 | | | Total for Equity | \$286,506.97 | | | Total for Llabllltles and Equity | \$404,974.26 | | Ace Un! 8dsis 1 ll€!-.dr!~, r=ebrw:iry u. 20'.?u It ·04 Al\.1 GMT? {5}------------------------------------------------ ### Integrated Financial Planning Services January-December, 2025 | DISTRIBUTION ACCOUNT | TOTAL | |--------------------------------------|----------------| | Income | | | Gross Dealer Concessions | | | 401 401k | 64,680.05 | | 403 Service/Fee Income | 64,018.50 | | 404 Life Insurance | 123,219.84 | | 405 Mutual Funds | 213,500.03 | | 406 Muncipal Funds - 529 Plans | 1,886.26 | | 409 12b1 Fees | 1,113,884.74 | | Total for Gross Dealer Concessions | \$1,581,189.42 | | Registered Rep Fee Revenue | | | 410 FINRA Fees | | | Annual Registration | 1,285.00 | | Branch Registration Fee | 780.00 | | Cont. Ed. Fee | 200.00 | | Fingerprint Fee | 45.00 | | Focus Fee | 4,513.00 | | Foreign Exam Fee | 15.00 | | Registration | 125.00 | | Series 63 Exam | 147.00 | | Series 6 Exam | 75.00 | | SIE Exam Revenue | 0.00 | | State Regis Fee | 6,285.10 | | Termination Fee | 60.00 | | Total for 410 FINRA Fees | \$13,530.10 | | 411 Firm Element CE | 2,250.00 | | 413 Office Reviews | 2,550.00 | | 414 Advisor Mail Fees | 2,736.00 | | 415 Bonding Fees | 1,554.00 | | 416 Low Producer Fee | 600.00 | | 417 Business Cards & Supplies | 29.78 | | 420 Investment Fair | 3,350.00 | | 421 E & 0 Insurance | 13,672.00 | | 422 Data Security Support | 720.00 | | 425 Compliance Meetings | 700.00 | | 429 Rep Advertising Fee | 162.00 | | Total for Registered Rep Fee Revenue | \$41,853.88 | | Total for Income | \$1,623,043.30 | | Gross Profit | \$1,623,043.30 | Expenses 500 Operations 36,000,00 {6}------------------------------------------------ #### Integrated Financial Planning Services January-December, 2025 | DISTRIBUTION ACCOUNT | TOTAL | |--------------------------------------------|--------------| | 501 Admin Fees | | | General | 4,758.14 | | Supervisory Reviews | 2,700.00 | | Total for 501 Admln Fees | \$7,458.14 | | 502 Accounting Fees | 60,000.00 | | 505 Advertising | 484.12 | | 506 Audit Expense | 1,500.00 | | 510 Auto Expense | | | Gas | 93.02 | | Parking | 48.96 | | Total for 510 Auto Expense | \$141 .98 | | 512 Bank Service Charges | 10,388.52 | | 517 Depreciation | 903.70 | | 519 Labor - Financial Operations | | | Jankowski, Thomas | 19,152.00 | | Total for 519 Labor - Financial Operations | \$19,152.00 | | 520 Labor - Heidelberg Office | | | Huntington - Sell, Marcia | 47,278.54 | | Lambing, Susan | 28,367.18 | | Social Services - AOK | 50,655.98 | | Taxes - Lohnsteuer | 15,663.40 | | Total for 520 Labor - Heidelberg Office | \$141,965.10 | | 521 Membership Dues | 510.75 | | 522 Subscriptions | 938.40 | | 524 Meals & Entertainment | 3,552.02 | | 528 Conference Fees | 1,324.66 | | 530 Insurance Expense | 569.30 | | Employee Liability
Medical-Dental | 903.15 | | Total for 530 Insurance Expense | \$1,472.45 | | | | | 535 Investment Fair
Hotel | 2,341.06 | | Meals & Entertainment | 4,992.78 | | office exp | 12.19 | | Total for 535 Investment Fair | \$7,346.03 | | 537 Legal & Professional Fees | 7,656.84 | | 542 E & 0 Insurance | 22,929.96 | | 543 Bonding Fee | 2,632.54 | | 544 Regis Fees | 1,960.25 | | 545 FINRA Expenses | | | Annual Renewal | 6,962.90 | {7}------------------------------------------------ # Integrated Financial Planning Services January-December, 2025 | DISTRIBUTION ACCOUNT | TOTAL | |-------------------------------|-------------------------| | Cont. Ed. Fee | 342.00 | | Focus Fee Assessment | 6,640.32 | | Foreign Exam Fee | 15.00 | | Registration | 125.00 | | Series 63 Exam | 147.00 | | Series 6 Exam | 75.00 | | SIE Exam | 0.00 | | State Regis Fee | 7,118.10 | | Termination Fee | 50.00 | | Total for 545 FINRA Expenses | \$21,475.32 | | 549 Office Expenses | 2,762.89 | | 552 Phone | | | Comcast - MD Office | 600.00 | | Phone/Fax Calls | 395.94 | | Telekom - HD Office | 2,083.40 | | Total for 552 Phone | \$3,079.34 | | 555 Computer Expenses | 190.00 | | 556 Network Subscriptions | 16,966.82 | | 558 Data Security/IT Support | 3,186.00 | | 560 Postage - American | 549.99 | | 561 Postage - German | 348.74 | | 562 Printing | | | Business Card Printing | 29.25 | | Total for 562 Printing | \$29.25 | | 565 Rent | | | HD Office | 22,780.51 | | HD Parking | 1,016.32 | | HD Storage Facility | 1,732.14 | | MD Storage Facility | 936.00 | | Total for 565 Rent | \$26,464.97 | | 571 Training Expense | 2,887.03 | | 575 Travel | | | Air Fare | 12,991.91
\$1,453.45 | | Car Rental
Gasoline | 137.53 | | Total for Car Rental | \$1,590.98 | | | | | Hotel | 2,678.66
1,232.42 | | Meals & Entertainment | 58.95 | | Other | 501.22 | | Taxis
Total for 575 Travel | \$19,054.14 | | | | {8}------------------------------------------------ # Integrated Financial Planning Services January-December, 2025 | DISTRIBUTION ACCOUNT | TOTAL | | | |-----------------------------------|----------------|--|--| | 576 Utilities | 3,517.07 | | | | 600 Exp• Integrated Benefits | 1,450.00 | | | | Commissions | | | | | 515 MF Commission Reps | 1,110,617.59 | | | | 516 Supervisory Overrides | 33,638.98 | | | | Total for Commissions | \$1,144,256.57 | | | | Total for Expenses | \$1,574,535.59 | | | | Net Operating Income | \$48,507.71 | | | | Other Income | | | | | 450 Interest Income | 61.78 | | | | 460 MISC Income | 2,695.46 | | | | 485 Gain/Loss on Exchange Rate | 369.51 | | | | 900 Registered Investment Advisor | 2,663.56 | | | | Total for Other Income | \$5,790.31 | | | | Other Expenses | | | | | 585 Contributions | 1,162.79 | | | | 999 Wash Account for Special Acct | 0.00 | | | | Total for Other Expenses | \$1,162.79 | | | | Net Other Income | \$4,627.52 | | | | Net Income | \$53,135.23 | | | A,c.•u;il B,isii, Tuesday Feb uary o, :.M2C, 1 ! :06 11.M 1.--;l\lT?. {9}------------------------------------------------ #### **Integrated Financial Planning Services Audited Statement of Cash Flows December 31, 2025** | Net Income | | \$
53,135.23 | |--------------------------------------------------------------------------------------------------------------------------------------|-------------------------------------------------|-----------------| | Adjustments:
Depreciation Expense
(lncrease)Decrease in AIR
lncrease(Decrease) in A/P
(lncrease)Decrease in Prepaid Exp. | 903.70
65,246.36
(6,142.15)
(7,693.70) | 52,314.21 | | Net Cash provided by operating activities | | 105,449.44 | | Purchase of Equipment
Disposal of Equipment
Recooped Depreciation
Capital Withdrawals & Adjustments | (6,818.65) | (6,818.65) | | Net lncrease(Decrease) to cash | | \$
98,630.79 | | CASH BEGINNING BALANCE,
1-Jan-25 | | 105,905.77 | | CASH ENDING BALANCE,
31-Dec-25 | | 204,536.56 | | Net change to cash | | \$
98,630.79 | Difference: {10}------------------------------------------------ #### **Integrated Financial Planning Services Audited Statement of Changes in Ownership Equity December 31, 2025** | Equity, Opening Balance, Janaury 1, 2025
Owner's Equity, January 1, 2025 | | \$ | 261,546.74 GL3000 Opening Equity
(28,175.00) GL300 Owners Equity | |-----------------------------------------------------------------------------|----|-------------------|---------------------------------------------------------------------| | Ownership Equity, January 1, 2025 | | \$
233,371 .74 | | | Net Income (Loss), Year-to-Date | | 53,135.23 | | | Additions (Deductions) and Adjustments, Year-to-Date | | | | | | \$ | | | | | | | | | | | | | | | | | | Ownership Equity, December 31, 2025 \$ 286,506.97 {11}------------------------------------------------ #### **Net Capital Computation Integrated Financial Planning Services December 31, 2025** \$ 286,507 \$ \$ 230,563 \$ 25,000 \$ 205,563 51 .38% | Total ownership equity (o/e)
\$
286,507 | Total Equity from Balance Sheet | |-----------------------------------------------|---------------------------------| |-----------------------------------------------|---------------------------------| Total o/e qualified for net capital \$ 286,507 Total cap & allowable subloans Deductions &/or charges Total non-allowable assets Net capital before haircuts Haircuts on securities: Trading and investment sec: Adjusted Net Capital Excess Net Capital Other securities | | Total Assets from Balance Sheet | | \$404,974.26 | | |---------------|---------------------------------|-------|--------------|--| | | Allowable Assets: | | | | | | Cash - M & T Main Op Acct | #5696 | 142,375.22 | | | | Cash - M & T Savings | #6221 | 40,923.41 | | | | Cash - Volksbank | #1109 | 1,344.47 | | | | Cash - Sparkass | 6410 | 12,851.54 | | | | Cash - Sparxasse | 8529 | 581.40 | | | | Cash - Wise Euro | 5770 | 4,500.52 | | | | AIR Commissslons < 30 days old | | 146,453.46 | | | \$
55,944 | Less Allowable Assets | | \$349,030.02 | | | \$
230,563 | Non Allowable Assets | | \$ 55,944.24 | | | \$ | 200,563 | 10%AI | \$ 11 ,846.73 | |----|---------|------------------|---------------| | | | 120% Min Net Cap | \$ 30,000.00 | \$ 118,467 Total Liabilities from Balance Sheet Aggregate Indebtedness: Al to Net Capital Ratio: Net Capital less greater of: Minimum Net Capital Requirement: {12}------------------------------------------------ #### **Integrated Flnanclal Planning Services Audited Net Capital Requirements Reconclllatlon** December 31, 2025 | | | 4th QTR FOCUS
Flied: 02/02/26 | | AUDIT
Completed: 02/10/26 | | Dlff | | |-------------------------------------------------------------------|----|----------------------------------|----|------------------------------|----|------|--| | Total ownership equity {o/e) | \$ | 286,507 | \$ | 286,507 | \$ | (0) | | | Total o/e qualified for net capital | \$ | 286,507 | \$ | 286,507 | \$ | (0) | | | Total cap & allowable subloans | \$ | 286,507 | s | 286,507 | s | {O) | | | Deductions &/or charges | | | | | | | | | Total non-allowable assets | \$ | 55,944 | s | 55,944 | s | 0 | | | Net capital before haircuts | s | 230,563 | s | 230,563 | s | (0) | | | Haircuts on securities:
Trading and Investment sec: | | | | | | | | | Other securities | \$ | | \$ | | s | | | | Adjusted Net Capital | \$ | 230,563 | s | 230,563 | \$ | 0 | | | Minimum Net Capital Requirement: | \$ | 25,000 | \$ | 25,000 | | | | | Excess Net Capital | s | 205,563 | s | 205,563 | s | 0 | | | Net Capital less greater of:
10% of Line 29 or 120% of Line 21 | \$ | 200,563 | \$ | 200,563 | \$ | 0 | | | Aggregated Indebtedness: | \$ | 118,467 | s | 118,467 | \$ | | | | Al to Net Capital Ratio: | | 51.38% | | 51.38% | | | | **MEMO** {13}------------------------------------------------ #### Segment Disclosures IAW ASC 280 | Broker/Dealer Revenue | | | |--------------------------------|--------------|--------------| | Gross Dealer Concessions | 1,581,189.42 | | | Fees paid by Reps | 41,853.88 | 1,623,043.30 | | Less | | | | Commissions Paid to Reps | | 1,144,256.57 | | Labor Costs, Incl. Benefits | | 265,478.39 | | Legal/Professional Fees | | 7,656.84 | | FINRA Fees | | 21,475.32 | | Administration Fees | | 126,872.44 | | Net Income | | 57,303.74 | | Misc. Items• | | (6,832.07) | | Total Broker/Dealer Net Income | | 50,471.67 | | RIA Revenue | | | | Management Fees Collected | 12,207.61 | | | Fees Paid by IARs | 130.00 | 12,337.61 | | Less | | | | Custodian Fees Paid to Reps | | 9,204.05 | | Firm IARD Registration | | 340.00 | | Individual Rep Registrations | | 130.00 | | Total RIA Net Income | | 2,663.56 | | Net Income P & L | | 53,135.23 | #### **Description of the services from which the reportable segments derive their revenues** During the current year, Integrated Financial Planning Services changed the manner in which management reviews its operations. **As a** result, the Company now has two reportable segments: Broker/Dealer Mutual Fund Sales and Registered Investment Advisor Asset Management. Prior-period segment information has not been recast, as we were not engaged in he new segment at all at that time. Integrated Financial Planning Services operates In **two reportable segments,** which are based on the nature of the services provided and how the Company's chief operating decision maker evaluates performance. #### **Broker/Dealer Mutual Fund Sales** The Broker/Dealer segment derives revenue from the sale of mutual fund shares to clients. The Company has dealer agreements with most of the largest mutual fund companies In the United States. Clients are primarily U.S. citizens living and working overseas. The Company's Investment strategy focuses on long-term retirement planning, and therefore client relationships are expected to be long term. #### **Registered Investment Advisor Asset Management** {14}------------------------------------------------ The Registered Investment Advisor ("RIA") segment derives revenue from managing client assets for investment advisory fees. Client assets are held with an independent custodian, Charles Schwab, a platform dedicated to the RIA business and separate from broker/dealer activities. The RIA segment also focuses on long-term investment management and retirement planning services. #### **Measure of segment profit or loss and assets** The accounting policies of the reportable segments are the same as those described in the notes to the financial statements. The Company's chief operating decision maker assesses the performance of each reportable segment and allocates resources based on net income. The measure of segment assets ls reported on the balance sheet as **Total for Assets,** as asset information is not reviewed by the chief operating decision maker on a segment basis. #### **How the chief operating decision maker uses the reported measure of segment profit or loss** The chief operating decision maker uses net income to evaluate the Income generated from each reportable segment In deciding how to manage the expenses of the firm and In setting financial goals for each segment for the future. #### **lntersegment transactions** Integrated Financial Planning Services does not have intra-entity sales or transfers between reportable segments. #### **Factors that management used to identify the reportable segments** The Company's reportable segments are based on the different services provided by the Broker/ Dealer Mutual Fund Sales segment and the Registered Investment Advisor Asset Management segment, which are managed and evaluated separately by the chief operating decision maker. The Company derives a significant portion of its revenue from clients located in Europe, primarily U.S. citizens living and working overseas. #### **The title and position of the individual or group identified as the chief operating decision maker** The chief operating decision maker of Integrated Financial Planning Services Is the Company's **Board of Directors,** which includes the Chief Executive Officer and Chief Financial Officer. | *Reconciliation of Misc. Items | | |------------------------------------|----------| | Less: International Schools Expens | 1,450.00 | | Less: Firm Events | 7,346.03 | | Interest Income | 61.78 | | Misc. Income | 2,695.46 | | Less: Gain/Loss exchange Rates | 369.51 | | Less: Donations | 1,162.79 | {15}------------------------------------------------ # Integrated Financial Planning Services Notes to Financial Statements January 1, 2025 to December 31, 2025 - 1. The financial statements are prepared on the accrual basis. All amounts are in US Dollars. - 2. RECEfV ABLES MUTUAL FUNDS COMMISSIONS DUE represent an accrual based on actual commissions earned but not received until the first half of the following month along with an estimate of quarterly 12b I commissions based on the previous quarter. This accrual is reversed the following month when the actual commissions received are recorded. - 3. RECEIVABLES FROM NON CUSTOMERS represent a segregated cash account for the exclusive benefit of customers, short-term receivables (advances) due from registered representatives. - 4. OTHER ASSETS represents cash on account with FINRA for exams/registrations of representatives and prepaid expenses such as FINRA Annual Renewal, insurance, legal, and computer services. - 5. PROPERTY, FURNITURE AND EQlITPMENT represent purchase prices of computers, cars and office equipment, net of accumulated depreciation. Depreciation is calculated on a straight-line basis using lives of four to seven years. - 6. ACCOUNTS PAYABLES represents balances owed on company credit cards for transactions occtming between last statement ending date and year end. - 7. SALES REVENUE represents percentages of total investments sales paid of due to the business from investments companies for sales representatives and owner. - 8. OTHER EMPLOYEE COMPENSATION AND BENEFITS represent contract labor expense for administrative assistance and commission expense, which consists of approximately 71 % of sales revenue attributable to sales by representatives and paid or due to representatives (see Note 2). - 9. OTHER EXPENSE represents costs associated with operating the business that are not included in other line items. - 10. OTHER rNCOME represents revenue derived from interest bearing cash accounts and outstanding accounts receivables, and the gain/loss from fluctuations in the exchange rate ofEuros to US Dollars. - 11. CONTINGENT LIABILITY we believe that there are no circumstances as of the reporting date that would require the recording of a contingent liability. We are not involved in any litigation as of the reporting date. {16}------------------------------------------------ #### Independent Auditor's Report To the President fntegrated Financial Planning Services l have audited the accompanying balance sheet of Integrated Financial Planning Services as of December 31, 2025 and the related statements of income, changes in ownership equity and cash flows for the year then ended that you are filing pursuant to rule 17a-5 under the Securities Exchange Act of 1934. These financial statements are the responsibility of the company's management. My responsibility is to express an opinion on theses financial statements based on my audit. r conducted this audit in accordance with the standards of the Public Company Accounting Oversight Board (United States). Those standards require that I plan and perform the audit to obtain reasonable assurance about whether the financial statements are free of material misstatement, whether due to error or fraud. An audit includes performing procedures to assess the risks of material misstatement of the financial statements, whether due to error or fraud and performing procedures that respond to those risks. An audit also includes examining, on a test basis, evidence supporting the amounts and disclosures in the financial statements. An audit further includes assessing the accounting principles used and significant estimates made by management as well as evaluating the overall financial statement presentation. I believe that this audit provides a reasonable basis for my opinion. In my opinion, the financial statements referred to above present fairly, in all material respects, the financial position of Integrated Financial Planning Services as of December 3 I, 2025, and the results of its operations and cash flows for the year then ended in conformity with accounting principles generally accepted in the United States of America. The information contained in the Audited Net Capital Requirements as of December 31, 2025 ("supplemental information") has been subjected to audit procedures performed in conjunction with the audit oflntegrated Financial Planning Services financial statements. The information contained in the Audited Net Capital Requirements is the responsibility of the company's management. The audit procedures included determining that the supplemental information reconciles to the financial statements and the underlying accounting and other records, as applicable, and performing procedures to test the completeness and accuracy of the information presented in the supplemental information. In forming my opinion of the supplemental information, l evaluated whether it, including its form and content, is presented in conformity with 17 C.F.R. 240.para. l 7a-5. In my opinion, the information contained in the Audited Net Capital Requirements as of December 31, 2025 is fairly stated, in all material respects, in relation to the financial statements as a whole. {17}------------------------------------------------ The auditor is a public accounting firm which is registered in the PCAOB and is required to be independent with respect to the company in accordance with the U.S. federal security laws and applicable rules and regulations of the SEC and PCAOB. I began serving consecutively as the auditor of Integrated Financial Planning Services for the Yi ending cem~ J, 2005. -~c~ • tephen J. Sta s· ic Certified Public Accountant February I 0, 2026 {18}------------------------------------------------ Integrated Financial Planning Services Audited Net Capital Requirements December 31, 2025 Integrated Financial Planning Services is subject to the Securities and Exchange Commission Uniform Net Capital Rule (SEC Rule 15c3-l), 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 I (and the rule of the "applicable" exchange also provides that equity capital may not be withdrawn or cash dividends paid if the resulting net capital ratio would exceed 10 to I). At December 31, 2025, Integrated Financial Planning Services had net capital of **\$230,563** which was **\$205,563** in excess of its required net capital of \$25,000, and the Aggregated Indebtedness to Net Capital Ratio was **.5138 to 1.** Stephen J. Staresinic Certified Public Accountant February 10, 2026 {19}------------------------------------------------ #### Integrated Financial Planning Services' ~on-Co,•ercd Firm Activities Report Integrated Financial Planning Services (the ~company") is a registered broker-dealer subject to Rule l 7a-5 promulgated by the Securities and Exchange Commission ( 17 C.F.R. §240. I 7a-5, .. Reports to be made by certain brokers and dealers"). This Exemption Report was prepared as required by 17 C.F.R. ~ 240. l 7a-5(d)( I) and (4). To the best of its knowledge and belief. the Company state5 the following: (I) The Company claimed an exemption from 17 C.F.R. *§* :i40. l 5c3-3 under the following provision of 17 C.F.R. § 240. l 5c3-3 (k)(2)(i). (2) The Company met the identified exemption provisions m 17 C.F.R. § 240. I 5c3-3(k)(2)(i) throughout tht· most recent fiscal year without exception. Integrated Financial Planning Services I, Kathy Cuomo, swear (or affirm) that, to my best knowledge and belief, this Exemption Report is true and correct. rlNOP, Integrated Financial Planning Services {20}------------------------------------------------ #### **Report on Non-Covered Firm Activities exemption** I have reviewed management's statements, included in the accompanying **Integrated Financial Planning Service-s' Exemption Report,** in which Integrated Financial Planning Service ("the Company") identified the following provisions of 17 C.F.R. § 15c3-3(k) under which (1) the Company claimed an exemption from 17 C.F.R. § 240.15c3-3: (K)(2){i) and (2) the Company stated that the Company met the identified exemption provisions throughout the most recent fiscal year without exception. The Company's management is responsible for compliance with the exemption provisions and its statements. My review was conducted in accordance with the standards of the Public Company Accounting Oversight Board (United States) and accordingly, included inquiries and other required procedures to obtain evidence about the Company's compliance with the exemption provisions. A review is substantially less in scope than an examination, the objective of which is the expression of an opinion on management's statements. Accordingly, 1 do not express such an opinion. Based on my review, I am not aware of any material modifications that should be made to management's statements referred to above for them to be fairly stated in all material respects, based on the conditions set forth in paragraph (k)(2)(i) of Rule l 5c3-3 under the Securities Exchange Act of 1934. *cN* Heidelberg, Germany IO February 2026 {21}------------------------------------------------ # Independent Auditor's Report on Internal Accounting Control Integrated Financial Planning Services Karlstrasse 20 69117 Heidelberg Germany I have audited the accompanying financial statements of Integrated Financial Planning Services (IFPS) as of December 31 , 2025 and the related statements of income, changes in ownership equity and cash flows for the year then ended that you are filing pursuant to rule 17a-5 under the Securities Exchange Act of 1934, and have issued my report thereon. I conducted my audit in accordance with accounting standards generally accepted in the United States of America. In planning and perfonning my audit, I considered IFPS's internal control over financial reporting in order to determine my auditing procedures for the purpose of expressing my opinion on the financial statements and not to provide assurance on the internal control over financial reporting. My consideration of the internal control over financial reporting would not necessariy disclose all matters in the internal control over financial reporting that might be significant deficiencies. Under standards issued by the American Institute of Certified Public Accountants, significant deficiencies are deficiencies in internal control, of a combination of defiencies, that adversely affect IFPS 's ability to initiate, authorize, record, process or report financial data reliably and in accordance with accounting principles generally accepted in the United States of America such that there is more than a remote likelihood that a misstatement of the financial statements being audited that is more than inconsequential will not be prevented or detected. Material weaknesses are significant deficiencies, or a combination of significant deficiencies, that result in a more than remote likelihood that material misstatements in relation to the financial statements being audited will not be prevented or detected. I noted no matters involving the internal control over financial reporting and its operation that I considered to be material weaknesses. As part of obtaining reasonable assurance about whether IFPS's financial statements are free of material misstatement, I performed tests of its compliance with certain provisions oflaws, regulations, contracts and agreements, noncompliance with which could have a direct and material effect on the determination of financial statement amounts. However, providing an opinion on compliance with those provisions was not an objective of our audit, and accordingly, I do not express such an opinion. This report is inteded solely for the information and use of the management of IFPS and the U.S. Security and Exchange Commission and is not intended to be and should not be used by anyone other than these specific parties . • ~,~ Stephen J. Staresinic Certified Public Accountant February 10, 2026 {22}------------------------------------------------ # Independent Auditor's Statement on Material Inadequacies Integrated Financial Planning Services Karlstrasse 20 691 I 7 Heidelberg Germany I have audited the accompanying financial statements of Integrated Financial Planning Services (IFPS) as of December 31 , 2025, and the related statements of income, changes in ownership equity and cash flows for the year then ended that you are filing pursuant to rule 17a-5 under the Securities Exchange Act of 1934, and have issued my report thereon dated February 10, 2026. I conducted my audit in accordance with accounting standards generally accepted in the United States of America. In planning and performing my audit, I considered IFPS's internal control over financial reporting in order to determine my auditing procedures for the purpose of expressing my opinion on the financial statements and not to provide assurance on the internal control over financial reporting. My consideration of the internal control over financial reporting would not necessariy disclose all matters in the internal control over financial reporting that might be significant deficiencies. Under standards issued by the American Institute of Certified Public Accountants, significant deficiencies are deficiencies in internal control, of a combination of defiencies, that adversely affect IFPS 's ability to initiate, authorize, record, process or report financial data reliably and in accordance with accounting principles generally accepted in the United States of America such that there is more than a remote likelihood that a misstatement of the financial statements being audited that is more than inconsequential will not be prevented or detected. Material weaknesses are significant deficiencies, or a combination of significant deficiencies, that result in a more than remote likelihood that material misstatements in relation to the financial statements being audited will not be prevented or detected. I found and noted no matters involving the internal control over financial reporting and its operation that I considered to be material inadequacies. Stephen J. Staresinic Certified Public Accountant February 10, 2026 {23}------------------------------------------------ # SIPC Supplemental Report pursuant to SEC Rule l 7a-5(e)(4) Integrated Financial Planning Services Karlstrasse 20 69117 Heidelberg Germany I have examined the SIPC general assessment of Integrated Financial Planning Services (IFPS) for the year ended December 31, 2025 and its reconciliation with financial statements ofIFPS as of December 31, 2025. IFPS has an Overpayment Carry Forward of\$ 157 as of December 31, 2025. The Form SIPC-7 was filed on February 2, 2026. I have compared the assessment payment recorded and its respective cash disbursement and have verified the accuracy the Annual General Assessment Reconciliation (Form SIPC-7) as well as comparing the Form SIPC-7 with the working papers supporting its data and with the working papers supporting the recorded income and other accounts of IFPS for the year ended December 31 , 2025. IFPS has not applied for an exclusion from membership in the SIPC. In my opinion, the assessment was determined fairly in accordance with applicable instructions and forms and was duly paid. This report is intended solely for the information and use of the management of IFPS and the Financial Industry Regulatory Authority and is not intended to be and should not be used by anyone other than these specific parties. 9 *cM-* Stephen J. Staresinic Certified Public Accountant February 10, 2026 {24}------------------------------------------------ independent Auditor's Report on the SIPC Annual Assessment Required by the SEC Rule I 7a-5 integrated Financial Planning Services Karlstrasse 20 69117 Heidelberg Germany ln accordance with rule l 7a-5(e)(4) of the Security and Exchange Commission, l have performed the following procedures with respect to the accompanying schedule (Fonn SIPC-7) of Securities Investor Protection Corporation assessments and payments oflntegrated Financial Planning Services (IFPS) for the year ended December 31, 2025. My procedures were perfomed solely to assist you in complying with rule 17a-5(e)(4), and my report is not to be used for any other purposes. The procedures I perfom1ed are as follows: 1. Compared listed assessment payments with respective cash disbursements records entries; 2. Compared amounts reported on the audited Fom1 X-17-A-5 for the period January I, 2025 to December 31, 2025, with the amounts reported in the General Assessment Reconciliation (Form SIPC-7); 3. Compared any adjustments reported in Fonn SIPC-7 with supporting schedules and working papers; 4. Proved the arithmetical accuracy of the calculations reflected in Form SIPC-7 and in the related schedules and working papers supporting adjustments; and 5. Compared the amount of any overpayment applied with the Form SIPC-7 on which it was computed. Because the above procedures do not constitute an audit made in accordance with generally accepted auditing standards, I do not express an opinion on the schedule referred to above. ln connection with the procedures referred to above, nothing came to my attention that caused me to believe that the amounts shown on Form SIPC-7 were not determined in accordance with applicable instructions and forms. This report relates only to the schedule referred to above and does not extend to any financial statements of !FPS taken as a whole. Stephen J. Staresinic Certified Public Accountant Stuttgart, Ge1many February 10, 2026 Stephen J. Staresinic Certified Public Accountant Werastrasse 105 70190 Stuttgart, Germany Tel: +49( 172)661 1890 {25}------------------------------------------------ Stephen J. Staresinic Werastrasse 105 70190 Stuttgart Germany # **Certification of Test of Special Account Procedures** I hereby certify that I have tested Integrated Financial Planning Services' procedures related to its Special Account at **M** & T, utilized to facilitate investments for International School retirement plans. I reviewed all transactions from a sample of four months from 2025: January, March, October and December. I verified that the account is only being used for the receipt of transfers from International Schools with which the company works, and that all steps related to this account as described in the firm's Written Supervisory Procedures are being followed. This test was performed on February 10, 2026 in connection with the 2025 Independent Financial Audit of the firm. {26}------------------------------------------------ # **INTEGRATED FINANCIAL PLANNING SERVICES** Broker/Dealer Member NASD/SiPC Main Office Karlstrape 20 69117 Heidelberg, Germany Tel: +49-6221-23597 **Fax:** +49-6221-167376 Barry.Swanson@ifpsonline.com ifpsde@ifpsonline.com February I 0, 2026 To Mr. Stephen J. Staresinic: We are providing this letter in connection with your audit of the statement of financial condition and the related statements of income, changes in stockholders' equity and cash flows oflntegrated Financial Planning Services as of December 31, 2025 and balance sheet for the year then ended, for the purpose of expressing an opinion as to whether the financial statements present fairly, in all material respects, the financial position, results of operations, and cash flows of Integrated Financial Planning Services in conformity with accounting principles generally accepted in the United States of America. We confirm that we are responsible for the fair presentation in the financial statement of financial position, results of operations, and cash flows in conformity with generally accepted accounting principles. Certain representations in this letter are described as being limited to matters that are material. Items are considered material, regardless of size, if they involve an omission or misstatement of accounting information that, in the light of surrounding circumstances, makes it probable that the judgment of a reasonable person relying on the information would be changed or influenced by the omission or misstatement. We confirm, to the best of our knowledge and belief, [ as of February l 0, 2026] the following representations made to you during your audit. 1. The financial statements referred to above are fairly presented in conformity with accounting principles generally accepted in the United States of America. 2. We have made available to you all financial records and related data. 3. There have been no communications from regulatory agencies concerning noncompliance with or deficiencies in financial reporting practices. 4. There are no material transactions that have not been properly recorded in the accounting records underlying the financial statements. 5. We believe that the effects of the uncorrected financial statement misstatements summarized in the accompanying schedule are immaterial, both individually and in the aggregate, to the financial statements taken as a whole. 6. We acknowledge our responsibility for the design and implementation of programs and controls to prevent and detect fraud. 7. We have no knowledge of any fraud or suspected fraud affecting the entity involving- a. Management, b. Employees who have significant roles in internal control, or c. Others where the fraud could have a material effect on the financial statements. {27}------------------------------------------------ 8. We have no knowledge of any allegations of fraud or suspected fraud affecting the entity received in communications from employees, former employees, analysts, regulators, short sellers, or others. 9. The company has no plans or intentions that may materially affect the carrying value or classification of assets and liabilities. 10. The following have been properly recorded or disclosed in the financial statements: a. Related-party transactions, including sales, purchases, loans, transfers, leasing arrangements, and guarantees, and amounts receivable from or payable to related patties. b. Guarantees, whether written or oral, under which the company is contingently liable. c. Significant estimates and material concentrations known to management that are required to be disclosed in accordance with the AICPA's Statement of Position (SOP) 94- 6, Disclosure of Certain Significant Risks and Unce1tainties. [Significant estimates are estimates at the balance sheet date that could change materially within the next year. Concentrations refer to volumes of business, revenues, available sources of supply, or markets or geographic areas for which events could occur that would significantly disrupt normal finances within the next year.] 11. There are no-- a. Violations or possible violations of laws or regulations whose effects should be considered for disclosure in the financial statements or as a basis for recording a loss contingency. b. Unasserted claims or assessments that our lawyer has advised us are probable of assertion and must be disclosed in accordance with Financial Accounting Standards Board (F ASB) Statement No. 5, Accounting for Contingencies. fn 3 c. Other liabilities or gain or loss contingencies that are required to be accrued or disclosed by F ASB Statement No. 5. 12. The company has satisfactory title to all owned assets, and there are no liens or encumbrances on such assets nor has any asset been pledged as collateral. 13. The company has complied with all aspects of contractual agreements that would have a material effect on the financial statements in the event of noncompliance. 14. Customers' debit balances, brokers' debit balances, and other accounts receivable are valid receivables. In our opinion, an adequate reserve has been established to cover any losses that may be incurred upon collection. 15. Provision has been made for any material loss to be sustained in the fulfillment of or from the inability to fulfill any purchase or sales commitments. c. No material unrecorded assets or contingent assets, such as claims relating to buyins, unfulfilled contracts, and so forth, whose value depends on the fulfillment of conditions regarded as uncertain. d. No open contractual commitments other than those appearing on the memo books and records; for example, when-distributed and delayed delivery contracts, underwritings and when-issued contracts, endorsements or puts and calls, and commitments in foreign currencies and spot (cash) commodity contracts. e. Established a reserve for dividends and transfer items and security differences that are adequate to cover any anticipated losses in connection with the short securities that may have to be covered or claims arising from the liquidation of long securities. {28}------------------------------------------------ f. No borrowings or claims unconditionally subordinated to all claims or general creditors pursuant to a written agreement except as disclosed in the financial statements or notes thereto. 16. Notes to the financial statements discloses all of the facts (meaning, significant conditions and events and management plans) of which we are aware that are relevant to the Company's ability to continue as a going concern. 17. There are no material weaknesses or inadequacies at December 31, 2025, or during the period January l, 2026, to February 10, 2026, in internal control and control activities for safeguarding securities, and the practices and procedures followed in- a. Making the periodic computations of aggregate indebtedness and net capital under rule I 7a-3(a)(l 1) and the reserve required by rule 15c3-3(e). b. Making the quarterly securities examinations, counts, verifications and comparisons, and the reconciliation of differences required by rule 17a-l 3. c. Complying with the requirement for prompt payment for securities under Federal Reserve Regulation T of the Board of Governors of the Federal Reserve System. d. Obtaining and maintaining physical possession or control of all fully paid and excess-margin securities of customers as required by rule 15c3-3. e. Making periodic computations of the minimum financial requirements pursuant to Regulation 1.17 of the Commodity Exchange Act. f. Making daily computations of the segregation requirements of Section 4d(2) of the Commodity Exchange Act and the regulations thereunder, and the segregation of funds based upon such computations. 18. Net capital computations, prepared by the Company during the period from January 1, 2025 through December 31, 2025, indicated that the Company was in compliance with the requirements of rule l 5c3-1 (and applicable exchange requirements) at all times during the period. Reserve calculations under rule 15c3-3 during the period did not reveal any deposit requirements that were not made on a timely basis. 19. There was no computation of segregation requirements under the Commodity Exchange Act that indicated an insufficiency in segregation. To the best of our knowledge and belief, no events have occurred subsequent to the balance-sheet date and through the date of this letter that would require adjustment to or disclosure in the aforementioned financial statements. Source: SEC EDGAR via Adviser Search (https://search.stillhousedata.com). Agents: see https://search.stillhousedata.com/llms.txt.