# SUPPORT SERVICES FINANCIAL ADVISORS, INC. X-17A-5 (2026-02-27) — Broker-dealer annual report - Company: SUPPORT SERVICES FINANCIAL ADVISORS, INC. - Form: X-17A-5 - Filed: 2026-02-27 - Period: 2025-12-31 - Accession: 0001076677-26-000003 - CIK: 1076677 - File #: 8-51513 - Type: Broker-dealer - Material weakness: No - Auditor: JDS PROFESSIONAL GROUP - Auditor location: ENGLEWOOD, CO - Contact: Cherry Torres - Phone: 303-520-5202 - Signed by: ANGELA SIGURDSON (PRESIDENT) Original filing: https://www.sec.gov/Archives/edgar/data/1076677/000107667726000003/PUBLIC.pdf --- {0}------------------------------------------------ 8-51513 {1}------------------------------------------------ #### OATH OR AFFIRMATION swear (or affirm) that, to the best of my knowledge and belief, the 1, Angela Sigurdson financial report pertaining to the firm of Support Services Financial Advisors, Inc dba CHA Financial Advisors, Inc the court of the as of Dec 31 2, 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. President ![](_page_1_Picture_3.jpeg) | Signature: | | |------------|--------------------------------------------------------------------------| | | Digitally signed by Angela Sigurdson
Date: 2026.02.26 16:37:38-07'00" | | Title: | | #### 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. - [i) 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 240.15G3-3. - [ (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 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. - [ {{| 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. - [ {y) Independent public accountant's report based on an examination of certain statements in the compliance report under 1.7 CFR 240.17a-5 or 17 CFR 240.18a-7, as applicable. - | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | 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 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 240.170-5(e)(2), as applicable. {2}------------------------------------------------ # Support Services Financial Advisors, Inc. dba CHA Financial Advisors, Inc. Statements of Financial Condition and Report of Independent Registered Accounting Firm December 31, 2025 and 2024 ![](_page_2_Picture_3.jpeg) {3}------------------------------------------------ | Report of Independent Registered Public Accounting Firm | | | | |---------------------------------------------------------|---|--|--| | Financial Statements | | | | | Statements of Financial Condition | 3 | | | | Notes to Financial Statements | 4 | | | {4}------------------------------------------------ ![](_page_4_Picture_0.jpeg) # REPORT OF INDEPENDENT REGISTERED PUBLIC ACCOUNTING FIRM To the Board of Directors and Shareholder of Support Services Financial Advisors, Inc. dba CHA Financial Advisors, Inc .: # Opinion on the Financial Statement We have audited the accompanying statements of financial condition of Support Services Financial Advisors, Inc., dba CHA Financial Advisors, Inc. ("SSFA") as of December 31, 2025 and 2024, and the related notes (collectively referred to as the "financial statements"). In our opinion, the financial statements presents fairly, in all material respects, the financial position of SSFA as of December 31. 2025 and 2024, in conformity with accounting principles generally accepted in the United States of America. # Basis for Opinion These financial statements are the responsibility of SSFA's management. Our responsibility is to express an opinion on SSFA's financial statements based on our audits. 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 SSFA 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 audits in accordance with the standards of the PCAOB. Those standards require that we plan and perform the audits to obtain reasonable assurance about whether the financial statements is free of material misstatement, whether due to error or fraud. Our audits 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 audits 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 audits provide a reasonable basis for our opinion. We have served as SSFA's auditor since 2018. Englewood, Colorado February 24, 2026 Members: American Institute of Certified Public Accountants · Colorado Society of Certified Public Accountants 10303 E. Dry Creek Road, Suite 400 · Englewood, CO 80112 · 303 771 0123 · 303 771 0078 fax {5}------------------------------------------------ # Support Services Financial Advisors, Inc. dba CHA Financial Advisors, Inc. Statements of Financial Condition December 31, 2025 and 2024 | | 2025 | | 2024 | | |--------------------------------------------|------|---------|------|---------| | ASSETS | | | | | | Cash and cash equivalents | \$ | 225,557 | \$ | 212,669 | | Trade accounts receivable | | 99,638 | | 50,982 | | Prepaid expenses | | 11,733 | | 13,136 | | Due from related party | | - | | 7,867 | | Total Assets | \$ | 336,928 | \$ | 284,654 | | LIABILITIES AND STOCKHOLDER'S EQUITY | | | | | | Liabilities | | | | | | Accounts payable | \$ | 2,484 | \$ | 9,274 | | Payable to related parties | | 8,990 | | - | | Accrued expenses | | 17,707 | | 30,722 | | Total Liabilities | | 29,181 | | 39,996 | | Stockholder's Equity | | | | | | Common stock | | 5,000 | | 5,000 | | Paid-in capital | | 81,893 | | 81,893 | | Retained earnings | | 220,854 | | 157,765 | | Total Stockholder's Equity | | 307,747 | | 244,658 | | Total Liabilities and Stockholder's Equity | \$ | 336,928 | \$ | 284,654 | {6}------------------------------------------------ # Note 1. Nature of Operations and Summary of Significant Accounting Policies ## *Nature of Operations* Support Services Financial Advisors, Inc. dba CHA Financial Advisors, Inc. (SSFA) is a Colorado Corporation that primarily markets and services retirement programs to health care providers. SSFA is registered with the Securities and Exchange Commission (SEC) and is a member of the Financial Industry Regulatory Authority (FINRA). SSFA operates pursuant to SEC Rule 15c3-3(k)(1) limiting its broker-dealer business to the distribution of variable life insurance or annuities, including the sub-accounts thereof, as well as, mutual funds sold within 401(a), 403(b), 401(k), and 457 retirement plans. SSFA is a wholly-owned subsidiary of Support Services, Inc. dba CHA Shared Services, Inc. (SSI) which is a subsidiary of the Colorado Hospital Association (CHA), a nonprofit organization. ## *Use of Estimates* The preparation of financial statements in conformity with accounting principles generally accepted in the United States of America (US GAAP) 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 reported period. Actual results could differ from those estimates. ## *Basis of Accounting* The financial statements of SSFA have been prepared on the accrual basis of accounting in accordance with the accounting principles generally accepted in the United States of America. ## *Cash and Cash Equivalents* For purposes of the statements of cash flows, SSFA considers demand deposits and short-term investments with original maturities of 90 days or less as cash and cash equivalents. At December 31, 2025 and 2024, there were no cash equivalents. ## *Trade Accounts Receivable* Receivables represent commissions due from various contracts. SSFA uses the allowance for credit loss method to record uncollectible accounts. The allowance is based on current and future economic conditions and on specific assessment of the collectability of inidvidual receivables. SSFA's policy for charging offf uncollectible receivables is when future receipts are deemed improbable. As of December 31, 2025 and 2024, management expects that all receivables will be fully collectible; accordingly, there is no allowance for uncollectible receivables. As of December 31, 2023, trade accounts receivable balance was \$50,982. #### *Fair Value Measurements* The carrying amount reported in the statements of financial condition for cash and cash equivalents, trade accounts receivable, prepaid expenses, accounts payable, payable to related parties, and accrued expenses, approximate fair value because of the immediate or short-term maturities of these financial instruments. {7}------------------------------------------------ #### *Income Taxes* SSFA follows *Accounting for Uncertainty in Income Taxes*, which requires SSFA to determine whether a tax position (and the related tax benefit) is more-likely-than-not to be sustained upon examination by the applicable taxing authority, based solely on the technical merits of the position. The tax benefit to be recognized is measured as the largest amount of benefit that is greater than 50% likely of being realized upon settlement, presuming that the tax position is examined by the appropriate taxing authority that has full knowledge of all relevant information. During the years ended December 31, 2025 and 2024, SSFA's management evaluated its tax positions to determine the existence of uncertainties, and did not note any matters that would require recognition or which may have an effect on its tax-exempt status. SSFA's parent company, SSI, uses the asset and liability method as identified in the *Accounting for Income Taxes* accounting standard. SSFA is no longer subject to U.S. federal tax audits on its Form 1120 by taxing authorities for fiscal years through 2022. SSFA is no longer subject to tax audits on its Colorado Form 112 by taxing authorities for fiscal years through 2021. The years subsequent to these years contain matters that could be subject to differing interpretations of applicable tax laws and regulations. Although the outcome of tax audits is uncertain, SSFA believes no issues would arise. #### *Revenue Recognition* #### *Significant Judgments* Revenue from contracts with customers includes commissions on the brokerage of insurance products, advisory fees to retirement plans and marketing services provided to its Premier Partners. The recognition and measurement of revenue is based on the assessment of individual contract terms. Significant judgment is required to determine whether performance obligations are satisfied at a point in time or over time; how to allocate transaction prices where multiple performance obligations are identified; and whether constraints on variable consideration should be applied due to uncertain future events. #### *Commissions* SSFA brokers various insurance products for members of CHA through contracts with insurance companies and sub-brokerage contracts with other insurance brokers. Commissions payments are received periodically based on the terms of the contract. SSFA has identified a single performance obligation which is distinct within the context of the contract. The performance obligation is considered to be satisfied at a point in time when the insurance policy is sold or renewed. Any fixed amounts are recognized on the date the insurance policy is sold or renewed and variable amounts are recognized to the extent it is probable that a significant revenue reversal will not occur once the uncertainty is resolved. For variable amounts, commission payments are based on premium payments by the policy holders. Although compensation rates are fixed and payment terms are identifiable, subsequent commission payments are considered to be variable consideration, which is deemed to be constrained due to SSFA's inability to reasonably predict a policy holder's decision to keep policies in place. Substantially all of the commissions recognized in the current period are related to performance obligations that have been satisfied in prior periods. #### *Retirement Plan Services* SSFA provides ongoing investment services for retirement plans established by CHA members through an agreement with unrelated product providers or other broker dealers. Revenues and commissions are received periodically based on the terms of the contracts. SSFA has identified a single performance obligation which is distinct within the context of the contract. The performance obligation is satisfied at a point in time when the investment product is sold. Any fixed amounts are recognized on the date the investment product is sold and variable amounts are recognized to the extent it is probable that a significant revenue reversal will not occur once the uncertainty is resolved. For variable amounts, commission payments are derived from two sources. For {8}------------------------------------------------ certain retirement plans, commissions are earned at a fixed rate based on the amount of ongoing plan deposits and defined as writing commissions. For most retirement plans, commissions are earned based on fixed basis points applied upon assets under management and defined as retention assets commissions. Although compensation rates are fixed and payment terms are identifiable, subsequent commission payments are variable consideration, which is deemed to be constrained due to SSFA's inability to reasonably predict the market values of the investments and the investor activities. While revenues and commissions are recognized in the period that the product is sold and the performance obligation satisfied, substantially all writing and retention payments recognized in the current period are related to performance obligations that have been satisfied in prior periods. #### *Premier Partners* SSFA has a marketing contract with a Premier Partner. Premier Partner fees are received annually at the beginning of the term of the contract. The consideration within the contract is fixed and there is no variable consideration. SSFA has identified multiple performance obligations which are distinct within the context of the contract. The Premier Partner fee is deferred when received and allocated to the specific performance obligations within the contract based upon services provided. SSFA recognizes revenue over time as the identifiable performance obligation is satisfied over the term of the contract. None of the Premier Partner fees recognized in the current period are related to performance obligations from prior periods. Additionally, at December 31, 2025 and 2024, there are no unsatisfied performance obligations. ## *Subsequent Events* SSFA has performed an evaluation of subsequent events through February 2, 2026, which is the date the financial statements were issued, and has considered any relevant matters in the preparation of the financial statements and footnotes. ## Note 2. Common Stock Of its 100,000 authorized shares of \$5 par, common stock, 1,000 shares are issued, outstanding and owned by SSI. # **1RWH1HW&DSLWDO5HTXLUHPHQWV** 66)\$LVVXEMHFWWRWKH6(&8QLIRUP1HW&DSLWDO5XOH6(&5XOHF ZKLFKUHTXLUHVWKHPDLQWHQDQFHRI PLQLPXPQHWFDSLWDODQGUHTXLUHVWKDWWKHUDWLRRIDJJUHJDWHLQGHEWHGQHVVWRQHWFDSLWDOERWKDVGHILQHGVKDOOQRW H[FHHGWRDQGWKHUXOHRIWKH³DSSOLFDEOH´H[FKDQJHDOVRSURYLGHVWKDWHTXLW\FDSLWDOPD\QRWEHZLWKGUDZQ RUFDVKGLYLGHQGVSDLGLIWKHUHVXOWLQJQHWFDSLWDOUDWLRZRXOGH[FHHGWR \$VRI'HFHPEHUDQG 66)\$KDGQHWFDSLWDORIDQGUHVSHFWLYHO\ZKLFKZDVDQGUHVSHFWLYHO\LQ H[FHVVRILWVUHTXLUHGQHWFDSLWDORI66)\$¶VQHWFDSLWDOUDWLRZDVDQGWRDVRI'HFHPEHU DQGUHVSHFWLYHO\ {9}------------------------------------------------ # **1**ote 4. Concentrations and Credit Risk \$W'HFHPEHUDQG66)\$KDGWKHIROORZLQJFRQFHQWUDWLRQRIWUDGHDFFRXQWVUHFHLYDEOH | | | Trade Accounts Receivable | | | |-----------|------|---------------------------|--|--| | | 2025 | 2024 | | | | Company A | 55% | 92% | | | | Company C | 15% | 0% | | | | Company D | 24% | 0% | | | | | 94% | 92% | | | SSFA's cash demand deposits are held at one financial institution at which deposits are insured up to \$250,000 per institution by the FDIC. As of December 31, 2025 and 2024, SSFA's deposits did not exceed this amount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¶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¶VDQQXDOEXGJHWDQGIRUHFDVWLQJSURFHVV\$GGLWLRQDOO\WKH&2'0XVHVH[FHVVQHW FDSLWDOVHH1RWH ZKLFKLVQRWDPHDVXUHRISURILWDQGORVVWRPDNHRSHUDWLRQDOGHFLVLRQVZKLOHPDLQWDLQLQJ FDSLWDODGHTXDF\VXFKDVZKHWKHUWRUHLQYHVWSURILWVRUSD\GLYLGHQGV7KH&RPSDQ\¶VRSHUDWLRQVFRQVWLWXWHD VLQJOHRSHUDWLQJVHJPHQWDQGWKHUHIRUHDVLQJOHUHSRUWDEOHVHJPHQWEHFDXVHWKH&2'0PDQDJHVWKHEXVLQHVV DFWLYLWLHVXVLQJLQIRUPDWLRQRIWKH&RPSDQ\DVDZKROH7KHDFFRXQWLQJSROLFLHVXVHGWRPHDVXUHWKHSURILWDQG ORVVRIWKHVHJPHQWDUHWKHVDPHDVWKRVHGHVFULEHGLQWKH6LJQLILFDQW\$FFRXQWLQJ3ROLFLHVVHH1RWH Source: SEC EDGAR via Adviser Search (https://search.stillhousedata.com). Agents: see https://search.stillhousedata.com/llms.txt.