# SHEARSON FINANCIAL SERVICES, LLC X-17A-5 (2026-03-12) — Broker-dealer annual report
- Company: SHEARSON FINANCIAL SERVICES, LLC
- Form: X-17A-5
- Filed: 2026-03-12
- Period: 2025-12-31
- Accession: 0000945520-26-000004
- CIK: 945520
- File #: 8-48313
- Type: Broker-dealer
- Material weakness: No
- Auditor: Assurance Dimensions
- Auditor location: Coral Springs, FL
- Contact: Jed Kaplan
- Phone: 561-613-4727
- Email: jkaplan@shearsonllc.com
- Website: shearsonllc.com
- Signed by: Jed Kaplan (CEO)
Original filing: https://www.sec.gov/Archives/edgar/data/945520/000094552026000004/shearsonshortaudit25.pdf
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| | SEC FILE NUMBER | | | | |
| | FORM X-17A-5 | | | | |
| | PART III | 8-48313 | | | |
| FILING FOR THE PERIOD BEGINNING 01/01/2025 | FACING PAGE
Information Required Pursuant to Rules 17a-5, 17a-12, and 18a-7 under the Securities Exchange Act of 1934 | AND ENDING 12/31/2025 | | | |
| | MM/DD/YY | MM/DD/YY | | | |
| | A. REGISTRANT IDENTIFICATION | | | | |
| | | | | | |
| NAME OF FIRM: Shearson Financial Services, LLC | | | | | |
| TYPE OF REGISTRANT (check all applicable boxes):
Broker-dealer
_ Major security-based swap participant
C Check here if respondent is also an OTC derivatives dealer | | | | | |
| ADDRESS OF PRINCIPAL PLACE OF BUSINESS: (Do not use a P.O. box no.) | | | | | |
| 7000 Palmetto Park Road, Suite 501 | | | | | |
| | (No. and Street) | | | | |
| Boca Raton | Florida | 33433 | | | |
| (City) | (State) | (Zip Code) | | | |
| PERSON TO CONTACT WITH REGARD TO THIS FILING | | | | | |
| Jed Kaplan | 561-613-4727 | jkaplan@shearsonllc.com | | | |
| (Name) | (Area Code - Telephone Number) | (Email Address) | | | |
| | B. Accountant IDENTIFICATION | | | | |
| INDEPENDENT PUBLIC ACCOUNTANT whose reports are contained in this filing *
Assurance Dimensions | | | | | |
| | (Name - if individual, state last, first, and middle name) | | | | |
| 3111 N. University Dr, Suite 621 | Coral Springs | Florida 33065 | | | |
| (Address) | (City) | (State)
(Zip Code) | | | |
| 04/13/2010 | | 5036 | | | |
| (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 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-5(e)(1)(ii), if applicable. Persons who are to respond to the collection of information contained in this form are not required to respond unless the form
displays a currently valid OMB control number.
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#### OATH OR AFFIRMATION
| Jed Kaplan | swear (or affirm) that, to the best of my knowledge and belief, the | |
|-------------------------------------------------------------------------------------|---------------------------------------------------------------------|-------|
| financial report pertaining to the firm of Shearson Financial Services, LLC
1000 | | as of |
12/31 , 2025 , 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.
| | Signature | |
|--|-----------|--|
| | | |
Title: CEO
This filing \*\* contains (check all applicable boxes):
- (a) Statement of financial condition.
- (b) Notes to consolidated statement of financial condition.
- [ (c) Statement 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).
- O (d) Statement of cash flows.
- [ (e) Statement of changes in stockholders' or partners' or sole proprietor's equity.
- [ (f) Statement of changes in liabilities subordinated to claims of creditors.
- [ (g) Notes to consolidated financial statements.
- [ (h) Computation of net capital under 17 CFR 240.15c3-1 or 17 CFR 240.18a-1, as applicable.
- [ (i) Computation of tangible net worth under 17 CFR 240.18a-2.
- [j) Computation for determination of customer reserve requirements pursuant to Exhibit A to 17 CFR 240.15c3-3.
- [ (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.
- [1) Computation for Determination of PAB Requirements under Exhibit A to § 240.15c3-3.
- [ (m) Information relating to possession or control requirements for customers under 17 CFR 240.15c3-3.
- □ (n) Information relating to possession or control requirements for security-based swap customers under 17 CFR 240.15c3-3(p)(2) or 17 CFR 240.18a-4, as applicable.
- [0] Reconciliations, including appropriate explanations, of the FOCUS Report with computation of net capible net worth under 17 CFR 240.15c3-1, 17 CFR 240.18a-2, 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.
- O (p) Summary of financial data for subsidiaries not consolidated in the statement of financial condition.
- (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.
- [ (r) Compliance report in accordance with 17 CFR 240.17a-5 or 17 CFR 240.18a-7, as applicable.
- [ (s) Exemption report in accordance with 17 CFR 240.17a-5 or 17 CFR 240.18a-7, as applicable.
- [ (t) Independent public accountant's report based on an examination of the statement of financial condition.
- | | |ndependent public accountant's report based on an examination of the financial statements under 17 CFR 240.17a-5, 17 CFR 240.18a-7, or 17 CFR 240.17a-12, as applicable.
- [ (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.
- [ (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.
- [ {x) Supplemental reports on applying agreed-upon procedures, in accordance with 17 CFR 240.17a-12, as applicable.
- [ {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:
- \*\* To request confidential treatment of certain portions of this filing, see 17 CFR 240.17a-5(e)(3) or 17 CFR 240.180-7(d)(2), as applicable.
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# **Shearson Financial Services, LLC**
**Statement of Financial Condition [with supplemental information as required by Rule 17a-5 of the Securities and Exchange Commission]**
**December 31, 2025**
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# ASSURANCEDIMENSIONS
#### REPORT OF INDEPENDENT REGISTERED PUBLIC ACCOUNTING FIRM
To the Member of Shearson Financial Services, LLC:
#### Opinion on the Financial Statements
We have audited the accompanying statement of financial condition of Shearson Financial Services, LLC as of December 31, 2025, and the related notes and schectively referred to as the "financial statement"). In our opinion, the statement of financial condition presents faily, in all material respects, the financial position of Shearson Financial Services, LLC as of December 31, 2025 in conformity with accounting principles generally accepted in the United States of America
#### Basis for Opinion
This financial statement is the responsibility of Shearson Financial Services, LLC's management. Our responsibility is to express an opinion on Shearson Financial Services, LLC's financial statements 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 Shearson Financial Services, LLC 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 missatement, whether due to error of 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 isks. Such procedures included examining, on a test basis, evidence regarding the amounts and disclosures in the financial statements. 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 statements. We believe that our audit provides a reasonable basis for our opinion.
Essurance | Jimension
We have served as Shearson Financial Services, LLC's auditor since 2017. Assurance Dimensions, LLC Coral Springs, Florida February 27, 2026
> ASSURANCE DIMENSIONS, LLC also d/b/a McNAMARA and ASSOCIATES, LLC TAMPA BAY: 4920 W Cypress Street, Suite 102 | Tampa, FL 33607 | Office: 813.443.5048 | Fax: 813.443.5053 JACKSONVILLE: 7800 Belfort Parkway, Suite 290 | Jacksonville, FL 32256 | Office: 888.410.2323 | Fax: 813.443.5053 ORLANDO: 1800 Pembrook Drive, Suite 300 | Orlando, FL 32810 | Office: 888.410.2323 | Fax: 813.443.5053 SOUTH FLORIDA: 3111 N. University Drive, Suite 621 | Coral Springs, FL 33065 | Office: 754.800.3400 | Fax: 813.443.5053
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## **SHEARSON FINANCIAL SERVICES, LLC**
STATEMENT OF FINANCIAL CONDITION AS OF DECEMBER 31, 2025
| ASSETS | |
|------------------------------------------|---------------|
| Cash and Cash Equivalents | \$
311,657 |
| Deposit with Clearing Organization | 205,056 |
| Receivable from Clearing Organization | 178,964 |
| Deposits | 11,500 |
| TOTAL ASSETS | \$
707,177 |
| LIABILITIES AND MEMBER'S EQUITY | |
| LIABILITIES | |
| Accounts Payable and Accrued Liabilities | \$
101,889 |
| Related Party Payable | 59,686 |
| Commissions Payable | 193,646 |
| Payable to Clearing Organization | 273 |
| TOTAL LIABILITIES | 355,494 |
| | |
| MEMBER'S EQUITY | 351,683 |
| TOTAL LIABILITIES AND MEMBER'S EQUITY | \$
707,177 |
See accompanying notes
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DECEMBER 31, 2025
#### **NOTE 1. SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES**
#### *Description of Business and Organization*
Shearson Financial Services, LLC (the "Company") is a broker-dealer specializing in fixed income and equity securities. The Company acts in a principal capacity, buying and selling for its own account and trading with other dealers, and in an agency capacity, buying and selling securities for its customers and earning a commission. The Company is a broker-dealer registered with the Securities and Exchange Commission ("SEC") and is a member of the Financial Industry Regulatory Authority ("FINRA")
The Company's financial statements have been prepared in conformity with accounting principles generally accepted in the United States of America ("U.S. GAAP") as contained in the Accounting Standards Codification ("ASC") issued by the Financial Accounting Standard Board ("FASB").
#### *Cash and cash equivalents*
The Company considers all highly liquid investments purchased with an original maturity of three months or less to be cash equivalents.
#### *Deposit with clearing organization*
The deposit with clearing organization consists of \$205,056 on deposit with RBC Dain pursuant to the Company's clearing agreement. As long as the Company continues to use the clearing and execution services of RBC Dain, the Company is required to maintain this fund on deposit.
## *Government and Other Regulation*
The Company's business is subject to significant regulation by various governmental agencies and self-regulatory organizations. Such regulation includes, among other things, periodic examinations by these regulatory bodies to determine whether the Company is conducting and reporting its operations in accordance with the requirements of these organizations. As a registered broker-dealer, the Company is subject to the SEC's Net Capital Rule 15c3-1 which requires that the Company maintains a minimum net capital, as defined in Note 6.
### *Property and Equipment*
Property and equipment are recorded at cost. Expenditures for major improvements and additions are charged to the asset accounts while replacements, maintenance and repairs, which do not improve or extend the lives of the respective assets are charged to expense in the period they are incurred.
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DECEMBER 31, 2025
### **NOTE 1. SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES (Continued)**
#### *Property and Equipment (Continued)*
The Company has established a \$1,000 asset capitalization policy. Depreciation is computed on the straight-line method over seven years for furniture and fixtures and five years for equipment.
#### *Income Taxes*
The Company, with the member's consent, has elected to be treated as an S Corporation for federal tax purposes. Under this election, no provision for income taxes is made since such taxes are included in the personal return of the member.
The Company assesses its unrecognized tax positions in accordance with ASC 470, "*Accounting for Uncertainties in Income Taxes*" as prescribed by the Accounting Standards Codification, which provides guidance for financial statement recognition and measurement of uncertain tax positions taken or expected to be taken in a tax return for open tax years (generally a period of three years from the later of each return's due date or the date filed) that remain subject to examination by the Company's major tax jurisdictions. Management believes the Company is no longer subject to income tax examinations by its major taxing authorities for years before 2018.
The Company assesses its tax positions and determines whether it has any material unrecognized liabilities for uncertain tax positions. The Company records these liabilities to the extent it deems them more likely than not to be incurred. Interest and penalties related to uncertain tax positions, if any, would be classified as a component of income tax expense.
The Company believes that it does not have any significant uncertain tax positions requiring recognition or measurement in the accompanying financial statements.
### *Use of Estimates*
The preparation of financial statements in conformity with U.S. GAAP requires the Company to make estimates and assumptions that affect the reported amounts of assets and liabilities and disclosure of contingent assets and liabilities at the date of the financial statements and the reported amounts of revenues and expenses during the reporting period. Actual results could differ from those estimates and the differences could be material.
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#### **NOTE 1. SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES (Continued)**
#### *Revenue Recognition*
The Company earns revenue from full-service brokerage and trading.
All revenues are recorded in accordance with ASC 606, Revenue from contracts with customers, which is recognized when: All revenues are recorded in accordance with ASC 606, which is recognized when: (i) a contract with a client has been identified, (ii) the performance obligation(s) in the contract have been identified, (iii) the transaction price has been determined, (iv) the transaction price has been allocated to each performance obligation in the contract, and (v) the Company has satisfied the applicable performance obligation over time. The Company provides the client with trade execution services and the customer will pay the trading fees imposed by the broker. The majority of our revenue arrangements generally consist of two performance obligations to transfer promised goods (trade execution and custody services). Fees for trade execution are paid per trade. The fees noted our agreements are primarily variable based on assets under management and recognized at the time the service is provided.
The expenses that are directly related to such transactions are recorded as incurred and presented within operating expenses.
*Trading revenue and commissions (Introducing Broker)* The significant revenue streams are as follows:
#### 1. Net Trading Profit
Net trading profit represents gains and losses from proprietary trading activities, including the buying and selling of securities, derivatives, and other financial instruments. Trading profits and losses are recognized on a trade-date basis and measured at fair value, with both realized and unrealized gains or losses reflected in the income statement.
#### 2. Commissions
Commission revenue is earned from executing customer securities transactions and is recognized on the trade date, which is the point when the performance obligation to facilitate the trade is satisfied. This includes brokerage fees on equity, fixed income, and other security trades.
#### 3. Commission Income – 12b-1 Fees
The Company receives 12b-1 fees, which are asset-based compensation from mutual funds for distribution and shareholder services. These fees are recognized over time as the services are continuously provided, and the Company's right to consideration corresponds directly with the value delivered.
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## **SHEARSON FINANCIAL SERVICES, LLC** NOTES TO FINANCIAL STATEMENTS DECEMBER 31, 2025
#### **NOTE 1. SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES (Continued)**
#### *Revenue Recognition (Continued)*
#### 4. Insurance-Based Products
Revenue from the sale of insurance-based investment products, such as variable annuities, is recognized at the point of sale when the Company has fulfilled its role in facilitating the transaction and earned its commission. Ongoing trail commissions are recognized over time as the Company continues to provide service and support.
#### 5. Interest and Dividends
Interest income from cash deposits, margin accounts, and fixed income securities is recognized on an accrual basis. Dividend income is recognized on the ex-dividend date, when the Company's right to receive payment is established.
#### *Fair value measurement*
FASB ASC 820 defined fair value as the price that the Company would receive to sell an investment or pay to transfer a liability in a timely transaction with an independent counter-party in the principal market or in the absence of a principal market, the most advantageous market for the investment or liability. There is a three-tier hierarchy to distinguish between (1) inputs that reflect the assumptions market participants would use in pricing an asset or liability developed based on market data obtained from sources independent of the reporting entity (observable inputs) and (2) inputs that reflect the reporting entity's own assumptions about the assumptions market participants would use in pricing an asset or liability developed based on the best information available in the circumstances (unobservable inputs) and to establish classification of fair value measurements for disclosure purposes. Various inputs are used in determining the value of the Company's investments. The hierarchy is summarized in the three broad levels listed below:
#### *Fair value measurement (Continued)*
**Level 1** - quoted prices in active markets for identical investments
**Level 2** - other significant observable inputs (including quoted prices for similar investments, interest rates, credit risk, etc.)
**Level 3** - significant unobservable inputs (including the Company's own assumptions in determining the fair value of investments)
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### **NOTE 1. SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES (Continued)**
In applying the provisions of fair value accounting, the following valuation techniques were employed:
#### *Exchange Traded Securities*
Securities and other investments traded on a national exchange or on the national market system of NASDAQ are valued at their last reported sale price or, if there has been no sale on that date, at the closing "bid" price if long, or closing "ask" price if short. Other securities or investments for which over the counter market quotations are available are valued at their last reported sale price or, if there had been no sale on that date, at closing "bid" price if long, or closing "ask" price if short as reported by reputable independent pricing sources selected by management. The Company has sole and absolute discretion in valuing any positions for which market quotations are not readily available or in adjusting the valuation of any other positions. Exchange traded securities are generally categorized in Level 1 of the fair value hierarchy.
#### *Commercial Mortgage-Backed Securities (CMBS) and Asset-Backed Securities (ABS)*
CMBS and ABS may be valued based on external price/spread data. When position-specific external price data are not observable, the valuation is based on prices of comparable securities. Included in this category are certain interest-only securities, which, in the absence of market prices, are valued as a function of observable whole-bond prices and cash flow values of principal-only bonds using current market assumptions at the measurement date. CMBS and ABS are categorized in Level 2 of the fair value hierarchy when external pricing data is observable and in Level 3 when external pricing data is unobservable. As of December 31, 2025 the Company has no CMBS or ABS.
### **NOTE 2. SEGMENT REPORTING**
The Company adopts all applicable new accounting pronouncements as of the specified effective dates.
In accordance with ASC 280, Segment Reporting, the Company has evaluated its operations and determined that it operates as a single reportable segment. While the Company engages in various financial activities, such as proprietary trading, brokerage services, and investment advisory, these operations are managed on a consolidated basis with a common customer base, shared resources, and a single decision-making structure. As such, financial results are reported as a single segment, and no disaggregated segment of information is required. The Chief Operating Decision Maker ("CODM"), which is Jed Kaplan, Chief Executive Officer, makes decisions about allocating resources and assessing performance in a manner consistent with the way the Company operates its business and presents their financial results. The nature of business and accounting
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# **SHEARSON FINANCIAL SERVICES, LLC** NOTES TO FINANCIAL STATEMENTS DECEMBER 31, 2025
#### **NOTE 2. SEGMENT REPORTING (Continued)**
policies of the brokerage services segment are the same as described in the description of business and summary of significant accounting policies notes.
Other accounting standards that have been issued or proposed by the FASB or other standards-setting bodies that do not require adoption until a future date are not expected to have a material impact on our financial statements upon adoption.
#### **NOTE 3. RECEIVABLE FROM CLEARING ORGANIZATION**
The Company clears all of its transactions through RBC Dain on a fully disclosed basis. The amount receivable from the clearing organization totaled \$178,964.
#### **NOTE 4. RELATED PARTY TRANSACTIONS**
As of December 31, 2025, the Company had an outstanding payable of \$59,686 due to the President of the Company. The balance represents credit card liabilities that were paid personally on behalf of the Company.
### **NOTE 5. COMMITMENTS AND CONTINGENCIES**
The Company is subject to litigation in the normal course of business. The Company has no litigation in progress as of December 31, 2025.
#### **NOTE 6. LEASES**
Effective January 1, 2019, the Company adopted the new lease accounting guidance in Accounting Standards Update No. 2016-02, *Leases* (Topic 842). The Company's current office space was leased under a five-year term which expired on December 31, 2025.
The Company is obligated under a non-cancelable lease agreement for its office facility in Boca Raton, Florida, which expired in April 2016. In March 2019, the Company extended its lease through May 2025. As of the date of this report the lease has not been renewed past May 2025 and was amended to month-to-month lease term. Monthly rent expense is approximately \$3,500, excluding common area maintenance fees.
Total rent expense including common area maintenance fees was \$43,868 for the year ended December 31, 2025.
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# **SHEARSON FINANCIAL SERVICES, LLC** NOTES TO FINANCIAL STATEMENTS DECEMBER 31, 2025
#### **NOTE 7. NET CAPITAL REQUIREMENTS**
As a registered broker-dealer, the Company is subject to SEC's Uniform Net Capital Rule 15c3-1, which requires that "Net Capital", as defined, shall be at least the greater of \$100,000 or 6 2/3% of "Aggregate Indebtedness", as defined. Under the rule, the ratio of Aggregate Indebtedness to the Net Capital should not exceed 15 to 1. At December 31, 2025, the Company's "Net Capital" was \$339,801 which exceeded the requirements by \$239,801. The ratio of "Aggregate Indebtedness" to "Net Capital" was 1.05 to 1 on December 31, 2025.
#### **NOTE 8. OFF-BALANCE SHEET RISK AND CONCENTRATION OF CREDIT RISK**
In the normal course of business, the Company's customer activities involve the execution, settlement, and financing of various customer securities transactions including To-Be-Announced Securities (TBA). These activities may expose the Company to off-balance-sheet risk in the event the customer or other broker is unable to fulfill its contracted obligations and the Company has to purchase or sell the financial instrument underlying the contract at a loss. The trading of TBAs is conducted with other registered broker-dealers located in the United States. These financial instruments involve elements of off-balance sheet market risk in excess of the amounts recognized in the Statement of Financial Condition. Market risk is the potential change in value of the financial instrument caused by unfavorable changes in interest rates or the fair values of the securities underlying the instruments. The Company monitors its exposure to market risk through a variety of control procedures, including daily review of trading positions.
TBAs provide for the delayed delivery of the underlying instrument. The credit risk for TBAs is limited to the unrealized market valuation gains/losses recorded in the Statement of Financial Condition.
The Company is engaged in various trading and brokerage activities in which counterparties primarily include broker-dealers. In the event counterparties do not fulfill their obligations, the Company may be exposed to risk. The risk of default depends on the creditworthiness of the counterparty or issuer of the instrument. It is the Company's policy to review, as necessary, the credit standing of each counterparty.
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## **SHEARSON FINANCIAL SERVICES, LLC** NOTES TO FINANCIAL STATEMENTS
## DECEMBER 31, 2025
## **NOTE 8. OFF-BALANCE SHEET RISK AND CONCENTRATION OF CREDIT RISK (Continued)**
The Company at times has cash in excess of Federal Deposit Insurance Corporation ("FDIC") insurance limits (\$250,000) and cash and investments in securities in excess of Securities Investor Protection Corporation ("SIPC") insurance limits. SIPC provides \$500,000 of primary net equity protection, including \$250,000 for claims for cash. The Company places its temporary cash investments with larger financial institutions. The Company at times has cash in various accounts in excess of SIPC cash insurance limit. The Company has not experienced any losses in such accounts, and believes they are not exposed to any significant credit risk on its cash and investment balances. Securities held by these financial institutions did not exceed SIPC limits at December 31, 2025. The Company did not have any cash in excess of federally insured limits at December 31, 2025.
### **NOTE 9. SUBSEQUENT EVENTS**
Under the provisions set forth in FASB ASC 855, *Subsequent Events*, the Company has evaluated subsequent events through February 27, 2026, the date the financial statements are available to be issued and has determined that there are no material events that would require adjustment to or additional disclosure herein.
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Source: SEC EDGAR via Adviser Search (https://search.stillhousedata.com). Agents: see https://search.stillhousedata.com/llms.txt.