# GUGGENHEIM INVESTOR SERVICES, LLC X-17A-5 (2026-03-02) — Broker-dealer annual report - Company: GUGGENHEIM INVESTOR SERVICES, LLC - Form: X-17A-5 - Filed: 2026-03-02 - Period: 2025-12-31 - Accession: 0000885730-26-000002 - CIK: 885730 - File #: 8-44742 - Type: Broker-dealer - Material weakness: No - Auditor: KPMG - Auditor location: New York, NY - Contact: Rebecca Chan - Phone: 2123817555 - Email: rebecca.chan@guggenheiminvestments.com - Website: guggenheiminvestments.com - Signed by: Rebecca Chan (Chief Financial Officer) Original filing: https://www.sec.gov/Archives/edgar/data/885730/000088573026000002/gis2025fspub-.pdf --- {0}------------------------------------------------ An Indirect Wholly Owned Subsidiary of Guggenheim Capital, LLC # (SEC I.D. No. 8-44742) # STATEMENT OF FINANCIAL CONDITION DECEMBER 31, 2025 (With Report of Independent Registered Public Accounting Firm Thereon) {1}------------------------------------------------ 8-44742 | | 01/01/2025 | | 12/31/2025 | | |-------------------------------------------------------------------------------|-------------------------------------------------|-----|------------|--| | | | | | | | | | | | | | | Guggenheim Investor Services, LLC (The Company) | | | | | | | | | | | | | | | | | 330 Madison Avenue | | | | | | | | | | | | New York | New York | | 10017 | | | | | | | | | | | | | | | Rebecca (Ying) Chan
212-381-7555
Rebecca.chan@guggenheiminvestments.com | | | | | | | | | | | | | | | | | | KPMG
LLP | | | | | | | | | | | | Two Manhattan West, 375 9th Avenue | New York | NY | 10001 | | | 10/20/2003 | | 185 | | | | | | | | | | | | | | | | | | | | | {2}------------------------------------------------ | Rebecca Chan | swear (or affirm) that, to the best of my knowledge and belief, the | | |--------------|--------------------------------------------------------------------------------------------|-------| | | tinancial report pertaining to the firm of Guggenheim Investor Services, LLC (The Company) | as of | | | 2 U25 . is true and correct. I further swear (or affirm) that neither the company nor any | | - - - - - - - - - - - - - - - - - - - - - - - - - - - {3}------------------------------------------------ December 31, 2025 ### Table of Contents | | Page(s) | |---------------------------------------------------------|---------| | Report of Independent Registered Public Accounting Firm | 1 | | Statement of Financial Condition | 2 | | Notes to Statement of Financial Condition | 3-5 | {4}------------------------------------------------ ![](_page_4_Picture_0.jpeg) KPMG LLP Two Manhattan West 375 9th Avenue, 17th Floor New York, NY 10001 ## **Report of Independent Registered Public Accounting Firm** To the Member and Management Guggenheim Investor Services, LLC: *Opinion on the Financial Statement* We have audited the accompanying statement of financial condition of Guggenheim Investor Services, LLC (the Company) as of December 31, 2025, and the related notes (collectively, 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, 2025, in conformity with U.S. generally accepted accounting principles. #### *Basis for Opinion* This financial statement is the responsibility of the Company's management. Our responsibility is to express an opinion on this 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 presentation of the financial statement. We believe that our audit provides a reasonable basis for our opinion. ![](_page_4_Picture_9.jpeg) We have served as the Company's auditor since 2003. New York, New York February 27, 2026 {5}------------------------------------------------ Statement of Financial Condition December 31, 2025 | Assets | | |----------------------------------------|-----------------| | Cash | \$
8,840,310 | | Due from related parties | 148,213 | | Other assets | 34,167 | | Total assets | \$
9,022,690 | | Liabilities and Member's Equity | | | Accrued expenses and other liabilities | \$
25,638 | | Due to related parties | 199,992 | | Total liabilities | 225,630 | | Member's equity | 8,797,060 | | Total liabilities and member's equity | \$
9,022,690 | The accompanying notes are an integral part of the Statement of Financial Condition. {6}------------------------------------------------ Notes to Statement of Financial Condition December 31, 2025 #### 1. Organization and Nature of Business Guggenheim Investor Services, LLC (the Company) is a broker-dealer registered with the Securities and Exchange Commission (SEC), the Financial Industry Regulatory Authority (FINRA), and the Securities Investor Protection Corporation (SIPC). The Company is a wholly-owned subsidiary of Guggenheim Funds Services, LLC (the Parent), which is part of Guggenheim Investments – the global asset management and investment advisory division of Guggenheim Partners, LLC (Guggenheim Partners). Guggenheim Capital is the ultimate parent of Guggenheim Partners. The Company engages in advisory services for financial structuring transactions. #### 2. Summary of Significant Accounting Policies #### Basis of Presentation The accompanying statement of financial condition of the Company has been prepared in accordance with accounting principles generally accepted in the United States of America (GAAP). ### Use of Estimates The preparation of the financial statement in conformity with GAAP requires management to make estimates and assumptions that affect the amounts reported in the financial statement and accompanying notes. Actual results could differ from those estimates. #### Cash The Company maintains cash at federally insured banking institutions. Cash on deposit with financial institutions may, at times, exceed federal insurance limits. #### Income Taxes The Company is a single member LLC, organized as a Delaware Limited Liability Company, and treated as a disregarded entity for U.S. income tax purposes. State and local tax liabilities are determined under individual state laws. The Company's income is included in the federal and state income tax returns of the tax regarded entity. Accounting Standards Codification (ASC) 740-10, Income Taxes, requires the evaluation of tax positions taken or expected to be taken in the course of preparing the Company's tax returns to determine whether the tax positions are more-likely-than-not of being sustained by the applicable tax authority based upon technical merits of the position. Tax benefits from tax positions not deemed to meet the more-likely-than-not threshold should not be recognized in the year of determination. Management has reviewed the Company's tax positions for all open years and concluded that the Company has no material uncertain tax positions at December 31, 2025. Further, as of December 31, 2025, the Company has recorded no liability for net unrecognized tax benefits relating to uncertain tax positions they have taken or expect to take in future tax returns. The Company has not recorded any penalties and/or interest related to uncertain tax positions. {7}------------------------------------------------ Notes to Statement of Financial Condition December 31, 2025 #### New Accounting Pronouncements In December 2023, the Financial Accounting Standards Board issued Accounting Standards Update (ASU) No. 2023-09, Improvements to Income Tax Disclosures (ASU 2023-09), which enhanced the transparency and decision usefulness of income tax disclosures. The Company adopted ASU 2023-09 for the annual period ending December 31, 2025. The adoption did not have a material impact on the Company's financial statements. #### 3. Related Party Transactions In the ordinary course of business, the Company has entered into arrangements with related parties whereby the Company earned fees relating to structuring and arranging financial transactions. Related parties may invest in such structured transactions. Certain services are charged to the Company from related parties under the Services and Expense Agreement, effective as of January 1, 2024. These services include, but are not limited to, accounting, finance reporting, compliance, legal, product origination and management, legal operations and support, and treasury. #### 4. Regulatory Requirements As a registered broker-dealer, the Company is subject to the Uniform Net Capital Rule 15c3-1 under the Securities Exchange Act of 1934, which requires the maintenance of the greater of minimum net capital of \$5,000, or 6 2/3%, of aggregate indebtedness, and that the ratio of aggregate indebtedness to net capital, both as defined, shall not exceed 15 to 1. The rule also provides that equity capital may not be withdrawn or cash dividends paid if certain minimum net capital requirements are not met. At December 31, 2025, net capital was \$8,614,680, an excess of \$8,599,638, and the ratio of aggregate indebtedness to net capital was 0.03 to 1. The Company does not carry customer accounts and does not claim an exemption under paragraph (k) of 17 C.F.R. § 240.15c3-3. The Company is relying on Footnote 74 of the SEC Release No. 34- 70073 adopting amendments to 17 C.F.R. §240.17a-5 because the Company limits its business activities exclusively to corporate finance, merger and acquisition, and divestiture and investment advice services. #### 5. Segments The Company operates as one business, providing advisory services for financial structuring transactions. All of the Company's activities are directly attributable and allocated to the advisory service operating segment. As such, the Company operates through one operating and reportable segment. The Company has identified its managing executive who is also the President of Guggenheim Investments as the chief operating decision maker (CODM). Total assets reported on the statement of financial condition represent the measure of segment assets. Additionally, the CODM uses excess net capital (see note 4, Regulatory Requirements), which is not a measure of profit and loss, to make {8}------------------------------------------------ Notes to Statement of Financial Condition December 31, 2025 operational decisions about maintaining capital adequacy, such as reinvesting profits or paying dividends. ### 6. Subsequent Events Management has evaluated all subsequent transactions and events after the statement of financial condition date through February 27, 2026, the date the financial statements were available to be issued and has determined that no items require disclosure. Source: SEC EDGAR via Adviser Search (https://search.stillhousedata.com). Agents: see https://search.stillhousedata.com/llms.txt.