# SENTINEL SECURITIES, LLC. X-17A-5 (2026-07-07) — Broker-dealer annual report - Company: SENTINEL SECURITIES, LLC. - Form: X-17A-5 - Filed: 2026-07-07 - Period: 2025-12-31 - Accession: 0001134892-26-000017 - CIK: 1134892 - File #: 8-53142 - Type: Broker-dealer - Material weakness: No - Auditor: Wolf & Company, P.C. - Auditor location: Boston, MA - Contact: Douglas Dustin - Phone: 7819141361 - Email: douglas.dustin@sentinelgroup.com - Website: sentinelgroup.com - Signed by: Douglas Dustin (Chief Financial Officer / Finop) Original filing: https://www.sec.gov/Archives/edgar/data/1134892/000113489226000017/sentinelsecurities25.pdf --- {0}------------------------------------------------ UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 | OMB APPROVAL | | | |---------------------------|--|--| | OMB Number: 3235-0123 | | | | Expires: Oct. 31, 2023 | | | | Estimated average burden | | | | hours per response:
12 | | | | | | | ### ANNUAL REPORTS FORM X-17A-5 PART III | | 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 01/01/2025 AND ENDING 12/31/2025 MM/DD/YY MM/DD/YY A. REGISTRANT IDENTIFICATION ## NAME OF FIRM: SENTINEL SECURITIES, LLC TYPE OF REGISTRANT (check all applicable boxes): @ Broker-dealer | | D 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.) ## 100 QUANNAPOWITT PKWY, SUITE 402 | | mu, qilu offeeti | | | |----------------------------------------------|----------------------------------------------------------------------------|----------------------------------|--| | WAKEFIELD | MA | OT : 30 | | | (City) | (State) | (Zip Code) | | | PERSON TO CONTACT WITH REGARD TO THIS FILING | | | | | Douglas K Dustin Jr | 781-914-1361 | douglas.dustin@sentinelgroup.com | | | (Name) | (Area Code - Telephone Number) | (Email Address) | | | | B. ACCOUNTANT IDENTIFICATION | | | | | INDEPENDENT PUBLIC ACCOUNTANT whose reports are contained in this filing * | | | | | | | | | WOLF & COMPANY, P.C. | | | | | | | | | | 255 State Street | (Name - if Individual, state last, first, and middle name)
Boston | MA | 02109 | | |------------------|----------------------------------------------------------------------|---------|------------|--| | (Address) | (City) | (State) | (Zip Code) | | (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}------------------------------------------------ # SENTINEL SECURITIES, LLC YEAR ENDED DECEMBER 31, 2025 {2}------------------------------------------------ #### OATH OR AFFIRMATION I, Douglas K. Dustin Jr., affirm that, to the best of my knowledge and belief, the financial report pertaining to the firm of Sentinel Securities Inc., as of and for the year ended December 31, 2025, is true and correct. I further swear 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. Notary Public #### 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. - O (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 (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 240.17c-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). - D (z) Other ![](_page_2_Picture_30.jpeg) | Signature: | | | |------------|-------|--| | Title: | | | | | FINOP | | {3}------------------------------------------------ #### YEAR ENDED DECEMBER 31, 2025 #### TABLE OF CONTENTS Page | Report of Independent Registered Public Accounting Firm | 1-2 | |--------------------------------------------------------------------------------------------------------------------------------|------| | Financial statements: | | | Statement of financial condition | 3 | | Statement of income | য | | Statement of changes in stockholder's equity | 5 | | Statement of cash flows | 6 | | Notes to financial statements | 7-13 | | Supplemental schedules: | | | Schedule I: Computation of net capital under Rule 15c3-1 of the
Securities Exchange Act of 1934 | 14 | | Schedule II: Computation for determination of reserve requirements under
Rule 15c3-3 of the Securities Exchange Act of 1934 | 15 | | Schedule III: Information relating to possession or control requirements
under Rule 15c3-3 | 16 | | Report of Independent Registered Public Accounting Firm | 17 | | Exemption Report | | {4}------------------------------------------------ ![](_page_4_Picture_0.jpeg) # Report of Independent Registered Public Accounting Firm To the Member of Sentinel Securities, Inc.: #### *Opinion on the Financial Statements* We have audited the accompanying statement of financial condition of Sentinel Securities, Inc. (the "Company") as of December 31, 2025, and the related statements of operations and 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 the Company 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 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. The Company is not required to have, nor were we engaged to perform, an audit of its internal control over financial reporting. As part of our audit, we are required to obtain an understanding of internal control over financial reporting but not for the purpose of expressing an opinion on the effectiveness of the Company's internal control over financial reporting. Accordingly, we express no such opinion. Our audit included performing procedures to assess the risk 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. {5}------------------------------------------------ #### *Supplemental Information* The Computation of Net Capital Pursuant to Rule 15c3-1 ("supplemental information") has been subjected to audit procedures performed in conjunction with the audit of the Company's financial statements. The supplemental information is the responsibility of the Company'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 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 supplemental information is fairly stated, in all material respects, in relation to the financial statements as a whole. We have served as the Company's auditor since 2021. Boston, Massachusetts February 27, 2026 {6}------------------------------------------------ #### STATEMENT OF FINANCIAL CONDITION #### DECEMBER 31, 2025 #### ASSETS | Cash
Receivables
Deposit with clearing broker-dealer
Prepaid expenses
Intangible assets, less accumulated amortization | ತಿ | 1,114,514
143,154
100,000
24,801
5,948 | |------------------------------------------------------------------------------------------------------------------------------------|------|----------------------------------------------------| | | ಕ್ಕಾ | 1,388,417 | | LIABILITIES AND STOCKHOLDER'S EQUITY | | | | Liabilities:
Accrued expenses
Due to Affiliate | ಕಿತ | 12,837
21,098 | | | S | 33,935 | | Commitments (Note 2) | | | | Members's equity: | | | | Additional paid-in capital
Retained earnings | \$ | 500,000
854,482 | | | S | 1,354,482 | | | 8 | 1,388,417 | The accompanying notes are an integral part of the financial statements. 3 {7}------------------------------------------------ #### STATEMENT OF INCOME #### YEAR ENDED DECEMBER 31, 2025 | Revenues: | | | |------------------------------------|---|---------| | Commissions | S | 608,738 | | Interest | | 5,089 | | | | 613,827 | | Expenses: | | | | Employee compensation and benefits | | 106,218 | | Clearing and execution expenses | | 24,910 | | Amortization of intangible asset | | 5,948 | | Software expense | | 14,644 | | Management fees, related party | | 44,575 | | Other operating expenses | | 94,572 | | | | 290,867 | | Net income | S | 322,960 | l ಿ ಸಾಮ The accompanying notes are an integral part of the financial statements. {8}------------------------------------------------ #### STATEMENT OF CHANGES IN STOCKHOLDER'S EQUITY #### YEAR ENDED DECEMBER 31, 2025 | | | Member's
equity | | Retained
earnings | Total | |----------------------------|---|--------------------|----|----------------------|--------------| | Balance, beginning of year | S | 500,000 | ee | 531,522 | \$ 1,031,522 | | Net income | | | | 322,960 | 322,960 | | Balance, end of year | S | 500,000 | | \$ 854,482 | \$ 1,354,482 | The accompanying notes are an integral part of the financial statements. {9}------------------------------------------------ #### STATEMENT OF CASH FLOWS #### YEAR ENDED DECEMBER 31, 2025 Cash flows from operating activities: | Net income | | 322,960 | |---------------------------------------------------------------------------------------------------|---|---------------------| | Adjustments to reconcile net income to net cash provided by operating activities:
Amortization | | 5,948 | | Change in assets: | | (22,203) | | Receivables
Prepaid expenses | | 5,491 | | Change in liabilities: | | | | Accrued expenses
Due to Affiliate | | (2,254)
(62,603) | | Net cash provided by operating activities | | 247,339 | | Net increase in cash | | 247,339 | | Cash, beginning of year | | 967,175 | | Cash, end of year | S | 1,214,514 | | | | | The following table presents a reconciliation of cash and restricted cash reported within the statement of financial condition that sum to the total of the same amounts shown in the statement of cash flow: | Cash | \$1.114.514 | |-------------------------------------|-------------| | Deposit with clearing broker-dealer | 100,000 | | | \$1.214.514 | The deposit with the clearing broker-dealer is required pursuant to the fully disclosed clearing agreement. The accompanying notes are an integral part of the financial statements. {10}------------------------------------------------ #### NOTES TO FINANCIAL STATEMENTS #### YEAR ENDED DECEMBER 31, 2025 - 1. Organization and summary of significant accounting policies: - Sentinel Securities, LLC (the Company) is a wholly-owned subsidiary of New Sentinel Holdco, LLC (100% holder of the membership interests) which is a subsidiary of Focus Operating, LLC. In 2025, Focus Operating LLC, completed a series of transactions for tax reorganization purposes that resulted in the prior Corporation converting to a Limited Liability Company organized in Delaware and a new parent Company in New Sentinel Holdco LLC. The transactions resulted in no changes to the basis of the Company's assets and liabilities or its operations and as such is presented as if it occurred on January 1, 2025. Focus Operating, LLC is a subsidiary of Focus Financial Partners, LLC (Focus). Focus and other related entities were party to a transaction whereby Ferdinand FFP Ultimate Holdings, L.P, an entity affiliated with Clayton, Dubilier & Rice, LLC and Stone Point Capital LLC became the indirect ultimate owner of the Company. - The Company is an introducing broker-dealer registered with the Securities and Exchange Commission (SEC) and is a member of the Financial Industry Regulatory Authority (FINRA). The Company primarily provides brokerage services to customers of Sentinel Pension Advisors, LLC (SPA) and Sentinel Benefits Group LLC (SBG LLC), all of which are affiliates with the Company and subsidiaries of New Sentinel Holdco, LLC. SPA operates as an investment advisory company registered with the SEC, various state securities regulatory organizations and other agencies. SPA provides financial advisory services to individuals and to corporate retirement plans for individuals and entities located throughout the United States. The Company also is the broker of record on corporate retirement plan clients of SBG LLC and for self-directed brokerage accounts offered by corporate retirement plan clients of SBG LLC. - The Company operates under the provisions of Paragraph (k)(2)(ii) of Rule 15c3-3 of the Securities Exchange Act of 1934 and, accordingly, is exempt from the remaining provisions of that rule. Essentially, the requirements of Paragraph (k)(2)(ii) provide that the Company clear all transactions on behalf of customers on a fully disclosed basis with a clearing broker-dealer, and promptly transmit all customer funds and securities to the clearing broker-dealer. The clearing broker-dealer carries all of the accounts of the customers; maintains and preserves all related books and records as are customarily kept by a clearing broker-dealer. 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. {11}------------------------------------------------ #### NOTES TO FINANCIAL STATEMENTS #### YEAR ENDED DECEMBER 31, 2025 #### 1. Organization and summary of significant accounting policies (continued): #### Cash: The Company considers all investments with a maturity of three months or less when purchased to be cash equivalents. At December 31, 2025, the Company had no cash equivalents. In addition, the Company had \$136,583 of cash on deposit in excess of amounts insured or guaranteed by the Federal Deposit Insurance Corporation or any other government agency. #### Credit losses: - The Company follows Financial Accounting Standards Board ("FASB") Accounting Standard Codification ("ASC") Topic 326, Financial Instruments - Credit Losses ("ASC 326"). ASC 326 impacts the impairment model for certain financial assets measured at amortized cost by requiring a current expected credit loss ("CECL") methodology to estimate expected credit losses over the entire life of the financial asset, recorded at inception or purchase. Under the accounting update, the Company has the ability to determine there are no expected credit losses in certain circumstances. - The allowance for credit losses is based on the Company's expectation of the collectability of financial instruments carried at amortized cost, including fees receivable utilizing the CECL framework. The Company individually evaluates accounts receivable for uncollectability once it becomes past due and would record a reserve if required. Management does not believe that an allowance is required as of December 31, 2025. Intangible assets: Amortization of intangible assets is provided using the straight-line method over a 20-year estimated useful life for the management contract. The Company evaluates the remaining useful lives assigned to intangible assets annually to determine whether events or circumstances require the Company to revise the remaining period of amortization. The Company also evaluates intangible assets for impairment whenever events or changes in circumstances indicate that the intangible asset might be impaired. {12}------------------------------------------------ #### NOTES TO FINANCIAL STATEMENTS #### YEAR ENDED DECEMBER 31, 2025 #### 1. Organization and summary of significant accounting policies (continued): #### Intangible assets (continued): Recoverability of an asset is measured by a comparison of the carrying amount of an asset to the estimated undiscounted future cash flows expected to be generated by an asset. If the carrying amount of an asset exceeds its estimated future cash flows, an impairment charge is recognized by the amount, based on discounted cash flows, by which the carrying amount of the asset exceeds the fair value of the asset. The Company did not record an impairment loss during the year ended December 31, 2025. #### Revenue: The Company's analysis of the timing of revenue recognition for each revenue stream is based upon an analysis of current contract terms. Performance obligations could change from time to time if or when the Company's existing contracts are modified or the Company enters into new contracts. These changes could potentially affect the timing of satisfaction of performance obligations, the determination of the transaction price, and the allocation of the price to performance obligations. Rule 12b-1 fees: Under contracts entered into with mutual funds or their selling agents and others, the Company receives selling and distribution commissions that are paid over time based on a fixed percentage of the average daily balance of the customer's investment in a fund (12b-1 fees). The Company also has entered into a contract with its clearing broker-dealer under which the Company receives a share of 12b-1 fees received by the clearing broker-dealer under contracts entered into by the clearing broker-dealer. To earn these fees, the Company performs services such as responding to phone inquiries, maintaining records, and providing information to distributors and shareholders. The Company believes the performance obligation is satisfied over time and recognizes revenue associated with 12b-1 fees over the period to which such fees relate. Certain 12b-1 fees are paid to the Company in arrears; therefore, a receivable is recognized for the amount received subsequent to the period to which such fees relate. Selling and distribution commissions: The Company has entered into contracts with mutual funds or their selling agents and others under which the Company receives selling and distribution commissions resulting from the sale of certain investment products to its customers, including the sale of certain classes of mutual fund shares and variable annuities. The Company has also entered into a contract with its clearing broker-dealer {13}------------------------------------------------ #### NOTES TO FINANCIAL STATEMENTS #### YEAR ENDED DECEMBER 31, 2025 #### 1. Organization and summary of significant accounting policies (continued): Selling and distribution commissions (continued): under which the Company receives a share of selling and distribution fees received by the clearing broker-dealer under contracts entered into by the clearing broker-dealer with mutual funds and/or their selling agents. Selling and distribution commissions which are paid up front based on a fixed percentage of the share price of the investment product sold, or the value of specified transactions and are recognized at a point in time on the trade or sale date. The Company believes that the performance obligation is satisfied on the trade date because that is when the underlying financial instrument or purchaser is identified, the pricing for the transaction is agreed upon, and the risks and rewards of ownership have been transferred to/from the customer. A receivable is recognized if the commission is paid to the Company on a date subsequent to the trade date. #### Brokerage commissions: The Company buys and sells securities on behalf of its customers by introducing transactions for execution, clearance, and settlement to another broker-dealer on a fully-disclosed basis. The Company charges a commission for certain buy or sell transactions entered into by a customer. Commissions and related clearing expenses are recorded at a point in time on the trade date. The Company believes that the performance obligation is satisfied on the trade date because that is when the underlying financial instrument or purchaser is identified, the pricing for the transaction is agreed upon, and the risks and rewards of ownership of the securities have been transferred to/from the customer. Commission revenues are paid to the Company on settlement date, generally two days after the trade date; therefore, a receivable is recognized as of the trade date. #### Income taxes: - Under FASB ASC 740, Income Taxes, deferred income taxes are required to be provided using the liability method whereby deferred tax assets are recognized for deductible temporary differences, operating loss and tax credit carryforwards, and deferred tax liabilities are recognized for taxable temporary differences. Temporary differences are the differences between the reported amounts of assets and liabilities and their tax bases. Deferred tax assets and liabilities are adjusted for the effects of changes in tax laws and rates on the date of enactment. Deferred tax assets are reduced by a valuation allowance when, in the opinion of management, it is more likely than not that some portion or all of the deferred tax assets will not be realized. - When tax returns are filed, it is highly certain that some positions taken will be sustained upon examination by the taxing authorities, while others are subject to uncertainty about the merits of the 10 {14}------------------------------------------------ #### NOTES TO FINANCIAL STATEMENTS #### YEAR ENDED DECEMBER 31, 2025 1. Organization and summary of significant accounting policies (continued): Income taxes (continued): - position taken or the amount of the position that will ultimately be sustained. The benefit of a tax position are required to be recognized in the financial statements in the period during which, based on all available evidence, management believes it is more likely than not the position will be sustained upon examination, including the resolution of appeals or litigation processes, if any. Tax positions that meet the more-likely-than-not threshold are measured as the largest amount of tax benefit that is more than 50% likely of being realized upon settlement with the applicable taxing authority. The portion of the benefits associated with tax positions taken that exceeds the amount measured as described above is reflected as a liability for unrecognized tax benefits in the accompanying statement of financial condition, along with any associated interest and penalties that would be payable to the taxing authority upon examination. - Any interest and penalties associated with unrecognized tax benefits would be considered other expense. - Sentinel Holdco LLC files consolidated tax returns which includes the Company. Sentinel Holdco LLC is in the process of filing a final consolidated return for the six months ended June 30, 2025. Going forward the Company's ultimate parent will file a consolidated return. Accordingly, the Company has not recorded current or deferred income taxes, or made additional required disclosures, required by ASC 740 since management determined the effects of such are not material. - 2. Related party transactions: - The Company maintains an expense-sharing arrangement with SBG LLC and SPA under which the Company is required to reimburse the Affiliates for its allocable share of expenses, including management fees payable under a contractual arrangement entered into by and between the Affiliate, the Company and Focus, as determined by the Affiliate. For the year ended December 31, 2025, the Affiliate charged the Company \$106,218 in employee compensation, benefits and taxes. It also allocated \$9,788 of expenses under the expense-sharing arrangement. - The Company is party to a management agreement, along with its affiliates, with Focus. The management agreement automatically renews on an annual basis unless the management company provides written notice to terminate the contract, or Focus terminates the contract as provided for in the management agreement. The Company pays its share of the management fee to SBG based on the time spent by members of the management company on the Company's operations during the year. The management fee totaled \$44,575 for the year ended December 31, 2025. {15}------------------------------------------------ #### NOTES TO FINANCIAL STATEMENTS #### YEAR ENDED DECEMBER 31, 2025 #### 3. Regulatory requirements: - The Company is subject to the Securities and Exchange Commission Uniform Net Capital Rule (SEC Rule 15c3-1), which requires the maintenance of minimum net capital and that the ratio of aggregate indebtedness to net capital, both as defined, shall not exceed 1 5 to 1. In addition, equity capital may not be withdrawn or cash dividends paid if the resulting net capital would be less than 120 percent of the minimum dollar amount required. - At December 31, 2025, the Company had net capital of \$1,180,579, which was \$1,130,579 in excess of its required net capital of \$50,000. The Company's ratio of aggregate indebtedness to net capital was .0287 to 1 at December 31, 2025. The Company is also subject to other rules and regulations of the SEC, as well as rules and regulations of FINRA and the various state securities and other agencies in the states it is licensed to conduct business. Compliance with such laws and regulations is subject to possible government review and interpretation. #### 4. Intangible assets: At December 31, 2025, intangible assets consist of the following: | | Gross carrying | Accumulated | Net carrying | |---------------------|----------------|--------------|--------------| | | amount | amortization | amount | | Customer lists | \$ 829,836 | \$ 829,836 | S | | Management contract | 158,268 | 152,320 | 5,948 | | | \$ 988,104 | \$ 982,156 | 8
5,948 | Amortization expense for the year ending December 31, 2026 will be \$5,948. {16}------------------------------------------------ #### NOTES TO FINANCIAL STATEMENTS #### YEAR ENDED DECEMBER 31, 2025 #### 5. Revenue from contracts with customers: All commission revenue recognized in the statement of income is revenue from contracts with customers. For the year ended December 31, 2025, the components of revenue are as follows: | Rule 12b-1 fees | \$598,808 | |---------------------------------------------------------------|-----------| | Selling and distribution commissions on security transactions | 9.930 | | | | | | | | Total commission revenues | \$608.738 | Receivables at December 31, 2025 were \$143,154. #### 6. Segment Reporting ార్లు గ్రామం గ్రామం గ్రామం The Company, as noted in footnote 1, primarily provides brokerage services to customers of SPA, and SBG LLC or corporate retirement plan clients of SBG LLC. Pursuant to its management agreement with Focus, the Company has identified the management company as its chief operating decision maker ("CODM"), who uses net income to manage the Company. Additionally, the CODM uses excess net capital, which is not a measure of profit and loss, to make operational decisions while maintaining capital adequacy, such as whether to reinvest profits or 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 as those described in the summary of significant accounting policies. {17}------------------------------------------------ #### SCHEDULE I #### COMPUTATION OF NET CAPITAL UNDER RULE 15c3-1 OF THE SECURITIES EXCHANGE ACT OF 1934 AS OF DECEMBER 31, 2025 | Net capital: | | |----------------------------------------------------------------------|-------------------| | Total stockholder's equity and total qualified for net capital | S
1,354,482 | | Deductions and/or charges: | | | Non-allowable assets: | | | Receivables | 143,154 | | Prepaid expenses | 24,801 | | Intangible assets, less accumulated amortization | 5,948 | | Total deductions and/or charges | 173,903 | | Net capital before haircuts on securities positions | 1,180,579 | | Haircuts on securities, money market accounts | | | Net capital | S
1,180,579 | | | | | Aggregate indebtedness: | | | Accrued expenses / Due to Affiliate | S
33,935 | | Total aggregate indebtedness | S
33,935 | | | | | Minimum net capital required (greater of \$50,000 or 6.66% of | | | aggregate indebtedness) | ಕ್ಕಾ
50,000 | | | | | Net capital in excess of minimum requirement | 1,130,579
6 | | | | | Net capital less greater of 10% of aggregate indebtedness or 120% of | | | minimum dollar net capital | ಕ್ಕಾ
1,120,579 | | Ratio of aggregate indebtedness to net capital | .0287 to 1 | | | | ಿ ಸಾಮಾನ್ಯ There are no material differences between the preceding computation and the Company's corresponding unaudited Part II of Form X-17A-5 as of December 31, 2025. See report of independent registered public accounting firm. 14 {18}------------------------------------------------ #### SCHEDULE II #### COMPUTATION FOR DETERMINATION OF RESERVE REQUIREMENTS UNDER RULE 15c3-3 OF THE SECURITIES EXCHANGE ACT OF 1934 #### DECEMBER 31, 2025 Sentinel Securities, LLC (the Company) is a registered broker-dealer under the Securities Exchange Act of 1934. The Company is an introducing broker-dealer and operates under the provisions of Paragraph (k)(2)(ii) of Rule 15c3-3 of the Act. The Company clears all transactions on behalf of a customer on a fully disclosed basis with a clearing broker-dealer, promptly transmits all customer funds and securities to the clearing broker-dealer, and the clearing broker-dealer carries all of the accounts of customers and maintains and preserves all related books and records pursuant to the requirements of 17 CFR 240.17a-3 and 240.17a-4 as are customarily made and kept by a clearing broker or dealer. Accordingly, the computation for determination of reserve requirements pursuant to Rule 15c3-3 is not applicable. 15 {19}------------------------------------------------ #### SCHEDULE III #### INFORMATION RELATING TO POSSESSION OR CONTROL REQUIREMENTS UNDER RULE 15c3-3 #### DECEMBER 31, 2025 Sentinel Securities, LLC (the Company) is an introducing broker-dealer and operates under the provisions of Paragraph (k)(2)(ii) of Rule 15c-3-3 of the Securities Exchange Act of 1934. The Company had no items reportable as customers' fully paid and excess margin securities: (1) not in the Company's possession or control as of the audit date (for which instructions to reduce to possession or control had been issued as of the audit date but for which the required action was not taken by the Company within the time frames specified under Rule 15c3-3), or (2) for which instructions to reduce to possession or control had not been issued as of the audit date, excluding items arising from "temporary lags which result from normal business operations" as permitted under Rule 15c3-3. {20}------------------------------------------------ ![](_page_20_Picture_0.jpeg) # Report of Independent Registered Public Accounting Firm To the Shareholder of Sentinel Securities, Inc.: We have reviewed management's statements, included in the accompanying Exemption Report, in which (a) Sentinel Securities, Inc. (the "Company") identified the following provisions of 17 C.F.R. §240.15c3- 3: Paragraph 17 C.F.R §240.15c3-3(k):(2)(ii) and (b) the Company stated that it met the identified exemption provisions throughout the most recent fiscal year without exception. The Company's management is responsible for compliance with the exemption provisions and its statements. Our review was conducted in accordance with the standards of the Public Company Accounting Oversight Board (United States) and, accordingly, includes inquiries and other review procedures to obtain evidence about the Company's compliance with the exemption provisions. 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 provisions set forth in paragraph (k)(2)(ii) of Rule 15c3-3 under the Securities Exchange Act of 1934. Boston, Massachusetts February 27, 2026 {21}------------------------------------------------ #### EXEMPTION REPORT #### DECEMBER 31, 2025 Sentinel Securities, LLC, (the "Company") 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-5(d)(1) and (4). To the best of its knowledge and belief, the Company states the following: (1) The Company claimed an exemption from 17 C.F.R. § 240.15c3-3 under the following provisions of 17 C.F.R. § 240.15c3-3 (k)(2)(ii). (2) The Company met the identified exemption provisions in 17 C.F.R. § 240.15c3-3(k) throughout the most recent fiscal year. Sentinel Securities Inc. I, Douglas K. Dustin Jr., affirm that to my best knowledge and belief, this Exemption Report is true and correct. By: Title: FINOP\_ Date: 2/27/26 Source: SEC EDGAR via Adviser Search (https://search.stillhousedata.com). Agents: see https://search.stillhousedata.com/llms.txt.