# A.BRIDGE REALVEST SECURITIES CORPORATION X-17A-5 (2025-03-03) — Broker-dealer annual report - Company: A.BRIDGE REALVEST SECURITIES CORPORATION - Form: X-17A-5 - Filed: 2025-03-03 - Period: 2024-12-31 - Accession: 0001005399-25-000003 - CIK: 1005399 - File #: 8-48937 - Type: Broker-dealer - Material weakness: No - Auditor: Victor Mokuolu, CPA PLLC - Auditor location: Houston, TX - Contact: Gil Sandler - Phone: 201-294-0731 - Email: gsandler@realvestcapital.com - Website: realvestcapital.com - Signed by: Gregg Nelson (Senior Vice President) Original filing: https://www.sec.gov/Archives/edgar/data/1005399/000100539925000003/ABRV2023.pdf --- {0}------------------------------------------------ ### **FINANCIAL STATEMENTS AND REPORT OF INDEPENDENT REGISTERED PUBLIC ACCOUNTING FIRM** **FORM X-17A-5** **DECEMBER 31, 2024** {1}------------------------------------------------ #### **UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549** OMB APPROVAL OMB Number: --- Expires: - Estimated average burden hours per response: - #### **ANNUAL REPORTS FORM X-17A-5 PART III** SEC FILE NUMBER 8-48937 **FACING PAGE** **Information Required Pursuant to Rules 17a-5, 17a-12, and 18a-7 under the Securities Exchange Act of 1934** FILING FOR THE PERIOD BEGINNING \_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_ AND ENDING \_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_ 01/01/24 12/31/24 MM/DD/YY MM/DD/YY **A. REGISTRANT IDENTIFICATION** #### NAME OF FIRM: \_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_ A.Bridge-Realvest Securities Corporation TYPE OF REGISTRANT (check all applicable boxes): ܆ Broker-dealer ܆ Security-based swap dealer ܆ Major security-based swap participant ܆ Check here if respondent is also an OTC derivatives dealer ■ ADDRESS OF PRINCIPAL PLACE OF BUSINESS: (Do not use a P.O. box no.) #### \_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_ 244 Cambridge Oaks | | | (No. and Street) | | | | |------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|------|------------------------------------------------------------|-----------------------------------------------------------------------------------------------------------------------|--------------------------------------------|--| | Park
Ridge
_____________________________________________________________________________________ | | NJ | | 07656 | | | (City) | | (State) | | (Zip Code) | | | PERSON TO CONTACT WITH REGARD TO THIS FILING | | | | | | | Gil
Sandler | | 201-294-0731 | gsandler@realvestcapital.com
_____________________________________________________________________________________ | | | | (Name) | | (Area Code – Telephone Number) | | (Email Address) | | | B.
ACCOUNTANT IDENTIFICATION | | | | | | | INDEPENDENT PUBLIC ACCOUNTANT whose reports are contained in this filing*
Victor
Mokuolu
CPA
_____________________________________________________________________________________ | PLLC | | | | | | | | (Name – if individual, state last, first, and middle name) | | | | | 8990
Kirby
Drive,
Suite
_____________________________________________________________________________________ | 220 | Houston | TX | 77054 | | | (Address) | | (City) | (State) | (Zip Code) | | | 01/19/2021
_____________________________________________________________________________________ | | | 6771 | | | | (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-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.** {2}------------------------------------------------ #### OATH OR AFFIRMATION | Gregory Nelson | | swear (or affirm) that, to the best of my knowledge and belief, the | |----------------|-------|----------------------------------------------------------------------------------------------| | | | financial report pertaining to the firm of A.Bridge-Realvest Securities Corporation
as of | | 19/21 | A 021 | Comments of the county of the comments of the program and any and the many of the may | 024 , 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. ![](_page_2_Figure_3.jpeg) ![](_page_2_Figure_5.jpeg) #### 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). - (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. - [ (I) 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. - | (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 240.18a-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. - [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. - (u) Independent 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 240.15c3-1e or 17 CFR 240.17a-12, as applicable. - [ (y) Report describing any material inadequacies 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). - O (z) Other: \*\*To request confidential treatment of certain portions of this filing, see 17 CFR 240.17a-5(e)(3) or 17 CFR 240.18a-7(d)(2), as applicable. {3}------------------------------------------------ ### **CONTENTS** #### **DECEMBER 31, 2024** | Report of Independent Registered Public Accounting Firm | | |-------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|----| | Primary financial statements: | | | Statement of Financial Condition | 3 | | Statement of Operations | 4 | | Statement of Cash Flows | 5 | | Statement of Changes in Stockholder's Equity | 6 | | Notes to Financial Statements | 7 | | Supplementary Information | | | Schedule I: Computation of Net Capital Under Rule 15c3-1 of the
Securities and Exchange Commission | 9 | | Schedule II & III: Computation for Determination of Reserve
Requirements and Information Related to Possession or Control
Requirements Under Rule 15c3-3 of the Securities and Exchange
Commission | 10 | | Report of Independent Registered Public Accounting Firm
regarding Rule 15c3-3 Exemption Report | 11 | | Rule 15c-3-3 Exemption Report | 12 | {4}------------------------------------------------ #### REPORT OF INDEPENDENT REGISTERED PUBLIC ACCOUNTING FIRM To: Board of Directors A.Bridge-Realvest Securities Corporation We have audited the financial statements of A.Bridge-Realvest Securities Corporation, which comprise the statement of financial condition as of December 31, 2024, and the related statements of operations, changes in stockholder's equity, and cash flows for the year ended December 31, 2024, and the related notes to the financial statements (collectively referred to as the "financial statements"). In our opinion, the accompanying financial statements present fairly, in all material respects, the financial position of A.Bridge-Realvest Securities Corporation as of December 31, 2024, and the results of its operations and its cash flows for the year ended December 31, 2024, in accordance with accounting principles generally accepted in the United States of America. #### Basis for Opinion These financial statements are the responsibility of the Company's management. Our responsibility is to express an opinion on the Company'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 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 statements are 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 statements, 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 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. #### Supplemental Information The Supplemental Information, which is comprised of Schedule I, Computation of Net Capital Under SEC Rule 15c3-1, Schedule II, Computation for Determination of the Reserve Requirements, and Schedule III, Information relating to the Possession or Control Requirements, both under SEC Rule 15c3-3 have been subject to audit procedures performed in conjunction with the audit of A.Bridge-Realvest Securities Corporation 's financial statements. The Supplemental Information is the responsibility of A.Bridge-Realvest Securities Corporation's management. Our audit procedures included determining whether the Supplemental Information reconciles to the financial statements or the underlying accounting and other records, as applicable, and performing procedures to test the completeness and accuracy of the information presented in the supplemental informing our opinion on the Supplemental Information, we evaluated whether the Supplemental Information, including its form and content, is presented in conformity with C.F.R. 240.17a-5, or other criteria. In our opinion, the Schedule I, Computation of Net Capital Under SEC Rule 15c3-1, Schedule II, Computation {5}------------------------------------------------ # VICTOR MOKUOLU, CPA PLLC Accounting | Advisory | Assurance & Audit | Tax for Determination of the Reserve Requirements, and Schedule III, Information relating to the Possession or Control Requirements are fairly stated, in all material respects, in relation to the financial statements as a whole. Victor Mokeolu, CPSA PLCC We have served as the Company's auditor since 2025. Houston, Texas, PCAOB ID: 6771 March 3, 2025 {6}------------------------------------------------ ## **STATEMENT OF FINANCIAL CONDITION** # **DECEMBER 31, 2024** | ASSETS | | |--------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|---------------------| | Cash
Security deposit | \$
62,612
420 | | Total assets | \$ 63,032 | | LIABILITIES AND STOCKHOLDER'S EQUITY | | | LIABILITIES | | | Accounts payable and accrued expenses | \$0 | | Total liabilities | 0 | | STOCKHOLDER'S EQUITY:
Common stock, no par value;
authorized 200 shares;
outstanding 20 shares
20
Additional paid-in-capital
29,784
Retained earnings
33,228 | | | Total stockholder's equity | \$
63,032 | | Total liabilities and stockholder's equity | \$ 63,032 | {7}------------------------------------------------ #### **STATEMENT OF OPERATIONS** ### **FOR THE YEAR ENDED DECEMBER 31, 2024** | Revenues: | | |-------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|----------------------------------------------------------------------------------------| | Fee income
Interest | \$
35,358
112 | | Total revenue | \$35,470 | | Expenses: | | | Commissions paid registered representatives
Regulatory fees
Telephone
Professional Fees
IT Services
Office supplies
Insurance
Postage/Delivery
Travel and Entertainment
Total Expenses | \$
19,055
5,894
3,701
4,040
1,211
797
472
177
123
35,470 | | Net Income/(Loss) | \$
0 | {8}------------------------------------------------ # **STATEMENT OF CASH FLOWS** ## **DECEMBER 31, 2024** | Cash flows from operating activities: | | |-----------------------------------------|-----------| | Net loss | \$
0 | | Net cash increase/(decrease) for period | 0 | | Cash - January 1, 2024 | 62,612 | | Cash - December 31, 2024 | \$ 62,612 | {9}------------------------------------------------ ## **STATEMENT OF CHANGES IN STOCKHOLDER'S EQUITY** # **FOR THE YEAR ENDED DECEMBER 31, 2024** | | Additional
Common
Paid-In
Stock
Capital | | Retained
Earnings | | Total | | | |----------------------------------------|-----------------------------------------------------|----|----------------------|----|--------|----|--------| | Stockholder's equity January 1, 2024 | \$ | 20 | \$
29,784 | \$ | 33,228 | \$ | 63,032 | | Net loss | | -- | -- | | 0 | | 0 | | Stockholder's equity December 31, 2024 | \$ | 20 | \$
29,784 | \$ | 33,228 | \$ | 63,032 | {10}------------------------------------------------ # **A.BRIDGE-REALVEST SECURITIES CORPORATION NOTES TO FINANCIAL STATEMENTS DECEMBER 31, 2024** #### 1. **Nature of Business.** The Company is incorporated as a C corporation, and has been registered as a securities broker-dealer since 1996. It operates as a placement agent and financial advisor (including interest-rate swap advisor) for private, non-profit and governmental entities and as remarketing agent for variable-rate demand bonds. #### 2. **Summary of significant accounting policies.** #### Income taxes: As a C corporation, the Company is subject to income tax. The Statements may include a provision for income taxes, when applicable, to anticipate the tax effects of transactions reported in the financial statements and any resulting tax liability. This amount may differ from the expected amount using statutory rates if certain expenses included in the determination of net income are non-deductible for tax reporting purposes. No provision for income tax is included in these financial statements because the Company anticipates no income tax liability or tax effect from its operations. In addition, the Company has no deferred tax assets or liabilities and has no differences between accounting and tax reporting. #### Use of estimates: The preparation of financial statements in conformity with accounting principles generally accepted in the United States of America requires management 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. #### 3. **Revenue Recognition.** In accordance with ASC 606, the Company recognizes revenue in the period in which it has been earned. In the case of the Company's contracts with clients, revenue recognition may vary with the terms of the contracts. The Company's fees for loan or bond placement and financial advisory services are subject to negotiation on each respective transaction, and are recognized in the period in which the Company has successfully fulfilled substantially all of its contractual obligations. In contingent fee contracts, this usually occurs upon successful completion of a financing transaction. Revenue from remarketing contracts for serving as remarketing agent in connection with variable-rate demand (tender option) bond issues is payable quarterly in advance and recognized upon the expiration of each quarter. All revenue for the current year was derived from remarketing contracts. {11}------------------------------------------------ #### 4. **Cash Equivalents.** The Company defines cash and cash equivalents as highly liquid investments with original maturities of three months or less at the time of purchase, other than those held for sale in the ordinary course of business. #### 5. **Net Capital Requirements.** Pursuant to the net capital provisions of Rule 15c3-1 of the Securities Exchange Act of 1934, the Company is required to maintain a minimum net capital, as defined under such provisions. Net capital and the related net capital ratio may fluctuate on a daily basis. At December 31, 2024, the Company had net capital of \$62,612 and net capital requirements of \$5,000. The Company's ratio of aggregate indebtedness to net capital was 0.0 to 1. The Securities and Exchange Commission permits a ratio of no greater than 15 to 1. {12}------------------------------------------------ ### **A.BRIDGE-REALVEST SECURITIES CORPORATION SCHEDULE I COMPUTATION OF NET CAPITAL** ### **DECEMBER 31, 2024** | Common Stock
Additional paid-in-capital
Retained earnings | | \$
20
29,784
33,228 | | | | | | |-------------------------------------------------------------------------------------------|----------|------------------------------|--|--|--|--|--| | Total Available Capital | | 63,032 | | | | | | | Less: non-allowable assets
Security Deposit | | (420) | | | | | | | Net capital | | 62,612 | | | | | | | Greater of: | | | | | | | | | Minimum dollar net capital required | \$ 5,000 | | | | | | | | or | | | | | | | | | Minimum net capital required (greater of \$5,000 or
6 2/3% of aggregate indebtedness): | \$
0 | 5,000 | | | | | | | Excess net capital | | \$57,612 | | | | | | | Excess net capital (120%) | | \$56,612 | | | | | | | AGGREGATE INDEBTEDNESS | | | | | | | | | Accounts payable and accrued expenses, etc. | \$
0 | | | | | | | | Percentage of aggregate indebtedness to net capital | 0.0% | | | | | | | There were no material differences existing between the above computation and the computation included in the Company's unaudited Form X-17A-5 Part IIA Filing. {13}------------------------------------------------ ### **A.BRIDGE-REALVEST SECURITIES CORPORATION SCHEDULE II & III** #### **Computation for Determination of Reserve Requirements and Information Relating to Possession or Control Requirements Under Rule 15c3-3 of the Securities and Exchange Commission** # **DECEMBER 31, 2024** The Company is considered a "Non-Covered Firm" exempt from 15c3-3 by relying on footnote 74 to SEC Release 34- 70073 and therefore, is not required to maintain a "Special reserve bank account for the Exclusive benefit of customers." {14}------------------------------------------------ #### **&-%- & - --' - - (-** #### **)-! -%- .- .! /' - -#& -** 7/ / ///- 61//60:) )00//60) 635-/- 6 0/ 6<61 ,-1/2/3/)0 4/50/)06:)A&/06/0=E0/A&/06/0F?//&/06/0)//- 5)5600060/(4A/3/)/B (299 -061/6-/60)0%G\$(92 !=-?=?6-=(? 0/8/)00)\*63/-1/6-8/3/ ,-1/2/3/)04/50/)=E0/6