# WESTCHESTER CAPITAL PLANNING, INC. X-17A-5 (2026-04-17) — Broker-dealer annual report - Company: WESTCHESTER CAPITAL PLANNING, INC. - Form: X-17A-5 - Filed: 2026-04-17 - Period: 2025-12-31 - Accession: 0001068065-26-000003 - CIK: 1068065 - File #: 8-51213 - Type: Broker-dealer - Material weakness: No - Auditor: Ohab and Company PA - Auditor location: Maitland, FL - Contact: MICHAEL ROSS - Phone: 8454764298 - Signed by: Michael Ross (President) Original filing: https://www.sec.gov/Archives/edgar/data/1068065/000106806526000003/wcpaudit2026.pdf --- {0}------------------------------------------------ UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 OMB APPROVAL OMB Number: 3235-0123 Expires: Nov. 30, 2026 Estimated average burden Г # ANNUAL REPORTS FORM X-17A-5 PART III | hours per response: 12 | | |------------------------|--| | SEC FILE NUMBER | | | | | | 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_______________________________________________________________________________________________________________________________________________
IN/DD/V
MM/DD/YY | | A. REGISTRANT IDENTIFICATION | | Plannin
Capital
Westchester | | TYPE OF REGISTRANT (check all applicable boxes):
ു (Broker-dealer
O Check here if respondent is also an OTC derivatives dealer | | ADDRESS OF PRINCIPAL PLACE OF BUSINESS: (Do not use a P.O. box no.) | | Millbroo
(No. and Street) | | erhonkso
(Zip Code)
(City)
(State) | | PERSON TO CONTACT WITH REGARD TO THIS FILING | | 845-476-4298
065 | | (Email Address)
(Area Code - Telephone Number)
(Name) | | B. ACCOUNTANT IDENTIFICATION | | INDEPENDENT PUBLIC ACCOUNTANT whose reports are contained in this filing* | | HAB and Compan | | (Nache - if individual, state last, first, and middle name) | | lia Ave
ાં રે ઠ | | (Zip Code)
(Address)
(State) | | 1839
JJly 28, 2004 | | (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. {1}------------------------------------------------ **Sisnature:** ~ \* # **This flllng .. contains (check all applicable boxes):** - **Jil. (a)** Statement offinancial condition. - D (b) Notes to consolidated statement of financial condition. - **a** (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). - )!l {d) Statement of cash flows. - ~ (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. - ~ **(g)** Notes to consolidated financial statements. - **ct,** (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. - iZl, 0) 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 240.1Sc3-3 or Exhibit A to 17 CFR 240.18a-4, as applicable. - D (1) Computation for Determination of PAB Requirements under Exhibit A to§ 240.15c3-3. - ,z1 {m) Information relating to possession or control requirements for customers under 17 CFR 240.15c3-3. - O (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 240.1Sc3-1, 17 CFR 240.lSa-1, or 17 CFR 240.18a-2, as applicable, and the reserve requirements under 17 GR 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. - Jg, (q) Oath or affirmation in accordance with 17 CFR 240.17a-S, 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. - '\$. (s) Exemption report in accordance with 17 CFR 240.17a-S or 17 CFR 240.18a-7, as applicable. - D (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 report or financial statements under 17 CFR 240.17a-5, 17 CFR 240.18a-7, or 17 CFR 240.17a-12, as applicable. - D (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. - **)t' {w)** Independent public accountant's report based on a review of the exemption report under 17 CFR 240.17a-5 or 17 CfR 240.lBa-7, as applicable. - D (x) Supplemental reports on applying agreed-upon procedures, in accordance with 17 CFR 240.1Sc3-le or 17 CFR 2.40.17a-12, as applicable. - D (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). D(z) Other: \_ \_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_ \_\_\_\_\_\_\_\_ \_ - - 0 To request confidential treatment of certain portions of this filing, see 17 CFR 240.1la-5(e}{3) or 11 CFR l40.18a-l(d}(2}, as applicable. {2}------------------------------------------------ WESTCHESTER CAPITAL PLANNING, INC. FINANCIAL STATEMENT NOTES ASOF DECEMBER 31, 2025 {3}------------------------------------------------ ![](_page_3_Picture_0.jpeg) 100 E. Sybelia Ave. Suite 130 Mailland. Fl. 32751 C'ertified Public Accountunts I mail pam a obabco com Telephone 407-740-7311 Fax 407-740-6441 #### REPORT OF INDEPENDENT REGISTERED PUBLIC ACCOUNTING FIRM To the Stockholder of Westchester Capital Planning, Inc. #### Opinion on the Financial Statements We have audited the accompanying statement of financial condition of Westchester Capital Planning, Inc as of December 31, 2025, the related statements of income, changes in stockholder's equity, and cash flows for the year then ended, and the related notes (collectively referred to as the "financial statements"). In our opinion, the financial statements present fairly, in all material respects, the financial position of Westchester Capital Planning, Inc. as of December 31, 2025, and the results of its operations and its cash flows for the year then ended in conformity with accounting principles generally accepted in the United States of America. #### Basis for Opinion These financial statements are the responsibility of Westchester Capital Planning, Inc. management. Our responsibility is to express an opinion on Westchester Capital Planning, Inc.'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 Westchester Capital Planning, Inc. 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. #### Auditor's Report on Supplemental Information The Schedule I, Statements of Net Capital, Schedule II, Computation of Reserve Requirements Under Rule 15c3-3 of the Securities Exchange Act and Schedule III, Information Relating to the Possession or Control Requirements Under Rule 15c3-3 of the Securities Exchange Act has been subjected to audit procedures performed in conjunction with the audit of Westchester Capital Planning, Inc.'s financial statements. The supplemental information is the responsibility of Westchester Capital Planning, Inc.'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 information. In forming our opinion on the supplemental information, we evaluated whether the supplemental information, including its form and content, is presented in conformity with 17 C F.R. §240.17a-5. In our opinion, the Schedule |, Statements of Net Capital, Schedule II, Computation for Determination of Reserve Requirements Under Rule 15c3-3 of the Securities Exchange Act and Schedule III, Information Relating to the Possession or Control Requirements Under Rule 15c3-3 of the Securities Exchange Act is fairly stated, in all material respects, in relation to the financial statements as a whole. Ohal and Capy , Per We have served as Westchester Capital Planning, Inc 's auditor since 2017. Maitland, Florida March 22, 2026 {4}------------------------------------------------ # Westchester Capital Planning, Inc. The Statement of Financial Condition As of December 31 , 2025 **ASSETS** | Current Assets | | |-----------------------------------------------------------------------------|----------| | Cash | \$16,451 | | Accounts Receivable | | | Total Assets | | | LIABILITIES AND STOCKHOLDERS EQUITY | | | Payable liabilities | 469 | | Accrued Expenses | 5,536 | | Total Current liabilities | | | Stockholder's Equity | | | Common Stock - no par value, 200 shares authorized, issued, and outstanding | 2,000 | | Additional paid in capital | 18,422 | | Retained Earning (deficit) | 728 | | Total Stockholder's Equity | | | TOTAL LIABILITIES AND STOCKHOlDER'S EQUITY | | See accompanying notes {5}------------------------------------------------ # Westchester Capital Planning, Inc. The Statement of Income As of December 31, 2025 I #### **Revenues** - | Mutual Fund sales and distribution fees | \$4,983 | |-----------------------------------------|----------| | Annuity commissions | 59,279 | | Insurance commissions | 1,823 | | Total Revenue | | | Expenses | | | Officer salary | 19,800 | | Payroll tax expehses | 1,605 | | Auto expenses | 0 | | Bank Service Charges | 36 | | Finra fee | 1,715 | | Postage & Delivery | 368 | | Office Expense | 253 | | Office supplies | 314 | | Legal and accounting | 6,994 | | Licenses and Permits | 103 | | Rent and office services | 3,240 | | Facebook ads | 2,216 | | Telephone | 3,276 | | Total operating expenses | 39,924 | | Net Income | \$26,161 | See accompanying notes {6}------------------------------------------------ # Westchester Capital Planning, Inc. The Statement of Cash Flows As of December 31, 2025 | Operating activities | | |----------------------------------------------------------------------------------|----------| | Net Income | \$26,161 | | Adjustments to reconcile net income to cash provided by operating
activities: | | | Accounts receivable | (608) | | Payroll liabilities | (6,639) | | Accrued expenses | 211 | | Net cash provided by Operating Activities | 19,124 | | Financing Activities | | | Stockholder contributions | 0 | | Stockholder distributions | (22,861} | | Net Cash used by Financing Activities | (22,861} | | Increase in cash | (3736) | | Cash-beginning of period | 20,187 | | Cash-end of period | 16.451 | | Supplemental Disclosure of Cash Flow Infonnation | | | Cash paid for | 0 | | Taxes | 0 | | See accompanying notes | | {7}------------------------------------------------ ### Westchester Capital Planning, Inc. The Statement of Stockholder's Equity As of December 31, 2025 Common Stock Additional Retained paid in capital earnmg Total 'I | | | | ( Deficit) | | |---------------------------|---------|----------|------------|--------------| | Balance January 1, 2025 | \$2,000 | \$18,422 | \$(2,572) | \$17,850 | | Net Income | | | 26,161 | 26,161 | | Stockholder Contributions | | | 0 | 0 | | Stockholder Distributions | | | (22,861) | (22,861) | | Balance Dec 3 I, 2025 | \$2,000 | \$18,422 | \$728 | \$21
,150 | See accompanying notes {8}------------------------------------------------ ## Westchester Capital Planning, Inc. Schedule 1- The Statement of Net Capital As of December 31 , 2025 | Total Assets | 27,155 | |------------------------------------------------|----------| | Less: total liabilities | 6,005 | | Net Worth | 21,150 | | Less: non-allowable assets | {10,704} | | Current capital | 10,446 | | Less: Haircuts | __
o | | Net Capital | 10,446 | | Minimum net capital requirement | 5,000 | | Excess net capital | | | Aggregate indebtedness | 6,005 | | Ratio of Aggregate Indebtedness to net capital | 0.57% | Note: There are no material differences between the preceding computation and the Company's corresponding unaudited part II of Form X-17 A-5 as of December 31, 2025. {9}------------------------------------------------ Westchester Capital Planning, Inc. Schedules ll and Ill As of December 31, 202S #### SCHEDULE II #### COMPUTATION FOR DETERMINATION OF RESERVE REQUIREMENTS UNDER RULE 1Sc3-3 OF THE SECURITIES EXCHANGE ACT The company is exempt from the provisions of Rule 1Sc3-3 under the Securities Exchange Act of 1934, persuant to paragraph (k)(l) of the rule. #### SCHEDULE Ill #### INFORMATION RELATING TO THE POSSESSION OR CONTROL REQUIREMENTS UNDER RULE 1Sc3-3 OF THE SECURITIES EXCHANGE ACT The company is exempt from the provisions of Rule 15c 3-3 under the Securities Exchange Act of 1934, pursuant to paragraph(k)(l) of the Rule. {10}------------------------------------------------ #### WESTCHESTER CAPITAL PLANNING, INC. NOTES TO FINANCIAL STATEMENTS AS OF DECEMBER 31, *2025* ## **NOTE 1. SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES** # *Nature of business:* Westchester Capital Planning, Inc. (the Company) is a New York company and was incorporated. on June 28, 1998. The company is registered as a broker-dealer under the Securities Exchange Act of 1934 and is a member of the Financial Industry Regulatory Authority (FINRA). The Company became a registered broker-dealer on January 5, 1999. The Company is registered in 1 state and is engaged in the sale of mutual fund and variable annuities by subscription and application. The Company earns commissions from the sale of mutual funds and variable annuities and life insurance products. #### *Casi, and Cash Eq11frllle,rts:* For purposes of reporting the statement of cash flows, the Company considers all cash accounts, which are not subject to withdrawal restrictions or penalties, and all highly liquid debt instruments purchased with a maturity of three months or less to be cash equivalents. Cash balances in excess of FDIC and similar insurance coverage are subject to the usual banking risks associated with funds in excess of those limits. At December 31 , 2025, the Company had no uninsured cash balances. *Accounts Receivable:* Accounts receivable represents commissions and insurance receivables at December 31, 2025. The Company determined all accounts receivable are collectible. #### *Revenue Recognition:* Revenues from mutual funds and insurance commissions are recognized as revenue in the period the service is provided at the point in time . The associated service is fulfilled which is based on the trade date. The company believes that the perfonnance obligation is satisfied on the trade date because that is when the underlying financial instrument or purchase is identified, the pricing is agreed upon and the risks and rewards of ownership of the securities have been transferred to/from the customer. Distribution Fees: The company enters into arrangements with managed accounts or other pooled investment vehicles (funds) to distribute shares to investors. The company may receive distribution fees paid by the fund up front, over time, upon the investor's exit from the fund (that is, contingent deferred sales charge),or as a combination thereof. The company believes that its performance obligation is the sale of securities to investors and as such this is fulfilled on the trade date. Any fixed amounts are recognized on the trade date and variable amounts are recognized to the extent that it is probable that a significant revenue reversal will not occur once the uncertainty is resolved. For variable amounts, as the uncertainty is dependent on the value of the shares at future points in time as well as the length of time the investor remains in the fund, both of which are highly susceptible to factors outside the Company's influence, the Company does not believe that it can overcome this constraint until the market value of the fund and the investor activities are known, which are usually monthly or quarterly. Distribution fees recognized in the current period are primarily related to perfonnance obligations that have been satisfied in prior periods. {11}------------------------------------------------ #### WESTCHESTER CAPITAL PLANNING, INC. NOTES TO FINANCIAL STATEMENTS AS OF DECEMBER 31, 2025 1 ## *Income Taxes:* The Company is a Sub S and will not be required to recognize income tax expense. The sole shareholder of the Sub Swill recognize tax provisions. The Company evaluates all significant tax positions as required by accounting principles generally accepted in the United States of America. The federal and state income tax returns of the Company for 2024, 2023, and 2022 are subject to examination by the IRS and state taxing authorities, generally for three years after they were filed. # *Use of Estimates:* The preparation of these financial statements in conformity with accounting principles generally accepted in the United States of America requires management to make estimates and assumptions that may affect certain reported amounts and disclosures in the financial statements and accompanying notes. Actual results could differ from those estimates. ### **NOTE 2. NET CAPITAL REQUIREMENTS** The Company is subject to Securities and Exchange Commission Uniform Net Capital Rule l 5c3-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 1. Net capital and the related net capital ratio fluctuate on a daily basis. At December 31, 2025, the Company had a net capital of\$ 10,446 which was \$5,446 in excess of its required net capital of \$5,000. The Company's net capital ratio was .57 at December 31, 2025. Per Rule 15c3-3 of the Securities and Exchange Commission Uniform Net Capital Rule, the Company is exempt under the **(k)(l)** exemption. Per Rule lSc-3-3, there were no differences between the Company's net asset calculation per part IIA of the FINRA Focus statement and the accompanying audit report. ### **NOTE 3. Broker Dealer** - **Segment Reporting** The company is engaged in a single line of business as a securities broker- dealer which is comprised of several classes of services including mutual fund sales, variable annuity sales, and life insurance sales. The company has identified its President as the chief operating decision maker ("CODM") who uses net income to evaluate the results of the business, predominantly in the forecasting process, to manage the company. Additionally, the CODM uses excess net capital ( see note 2), which is not a measure of profit and loss, to make operational decisions while maintaining capital adequacy, such as whether to reinvest profits or to pay dividends. The company's operations constitute a single operating segment and therefore, a single reportable segment, because the CODM manages the business activities using information of the company as a whole. The accounting policies used to measure the profit and loss of the segment are the same ad those described in the summary of significant accounting policies. {12}------------------------------------------------ #### WESTCHESTER CAPITAL PLANNING, INC. NOTES TO FINANCIAL STATEMENTS AS OF DECEMBER 31, 2025 ## **NOTE 4. COMMITMENTS AND CONTINGENCIES** There are no commitments and contingencies that would have a material impact as of December 3 **1,** 2025. # **NOTE 5. RELATED PARTY** Westchester Capital Planning Inc utilizes space in a residential property owned by sole stockholder. The cost of rent, utilities (oil, electricity), and property taxes are allocated to space usage and were \$3,240 for the year ending December 31, 2025. There is no amount due at December 31, 2025. ### **NOTE 6. CREDIT LOSSES** The Company follows ASC Topic 326, Financial Instruments - Credit Losses ("ASC 326"), ASC 326 impacts the impainnent model for certain financial assets by requiring a current expected credit **loss** ("CECL") methodology to estimate expected credit losses over the entire life of the financial asset. Under the accounting update, the Company has the ability to detennine that there are no expected credit **losses** in certain circumstances (e.g., based on the credit quality of the customer). The company had accounts receivable as of December 31, 2024 and 2025 of \$10,095 and \$ l 0, 704 respectively. ### **NOTE** 7. **SUBSEQUENT EVENTS** In preparing these financial statements, the Company has evaluated events and transactions for potential recognition or disclosure through March 02, 2025, the date the financial statements were available to be issued. The company has no events and transactions occurring subsequent to the closing of the financials requiring disclosure. {13}------------------------------------------------ ![](_page_13_Picture_0.jpeg) 100 E. Sybelia Ave. Suite 130 Mailland, FL, 32751 Certified Public Accountants I mail\_pain a ohabeo com Telephonic 407-740-7311 Fax 407-740-6441 #### REPORT OF INDEPENDENT REGISTERED PUBLIC ACCOUNTING FIRM To the Stockholder of Westchester Capital Planning, Inc. We have reviewed management's statements, included in the accompanying Exemption Report in which (1) Westchester Capital Planning, Inc. identified the following provision of 17 C.F.R. §15c3-3(k) under which Westchester Capital Planning, Inc. claimed an exemption from 17 C.F.R. §240.15c3-3: (k)(1) (exemption provision) and (2) Westchester Capital Planning, Inc. stated that Westchester Capital Planning, Inc. met the identified exemption provision throughout the most recent fiscal year without exception. Westchester Capital Planning. Inc.'s management is responsible for compliance with the exemption and its statements Qur review was conducted in accordance with the standards of the Public Company Accounting Oversight Board (United States) and, accordingly, included inquires and other required procedures to obtain evidence about Westchester Capital Planning, Inc.'s compliance with the exemption 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, we do not express such an opinion Based on our review, we are 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 provision set forth in paragraph (k)(1) of Rule 15c3-3 under the Securities Exchange Act of 1934. Ohab and Company, PA Maitland, Florida March 22, 2026 {14}------------------------------------------------ #### Westchester Capital Planning Inc's Exemption Report Westchester Capital Planning, Inc is a registered broker-dealer subject to rule 17a-5 promulgated by the Securities and Exchange Commission (17 C.F. R. 240.17a-5,"Reports to be made by certain brokers and dealers"). This Exemption Report was prepared as required by 17 C.F.R. 240.17a-S(d)(l) and (4). To the best of its knowledge and belief, the Company states the following: - (1) The Company claimed an exemption from C.F.R. 240.15c3-3 under the following provisions of 17 C.F.R. 240.15c3-3(k):[1 ). - (2) The company met the identified exemption provisions in 17 C.F.R. 240.1Sc3-3 (k) throughout the most recent fiscal year without exception. Westchester Capital Planning, Inc. I, Michael Ross, affirm that, to my best knowledge and belief, this Exemption Report is true and correct. -~~ President I March 3, 2026 Source: SEC EDGAR via Adviser Search (https://search.stillhousedata.com). Agents: see https://search.stillhousedata.com/llms.txt.