# LCG Capital Advisors, LLC X-17A-5 (2026-02-24) — Broker-dealer annual report - Company: LCG Capital Advisors, LLC - Form: X-17A-5 - Filed: 2026-02-24 - Period: 2025-12-31 - Accession: 0001267937-26-000001 - CIK: 1267937 - File #: 8-66213 - Type: Broker-dealer - Material weakness: No - Auditor: Assurance Dimensions - Auditor location: Coral Springs, FL - Contact: Ana R Carter - Phone: 813-442-1645 - Email: acarter@lcgadvisors.com - Website: lcgadvisors.com - Signed by: Craig Little (CCO) Original filing: https://www.sec.gov/Archives/edgar/data/1267937/000126793726000001/2025lcg.pdf --- {0}------------------------------------------------ | OMB APPROVAL | | |--------------------------|----| | OMB Number: 3235-0123 | | | Expires: Nov. 30, 2026 | | | Estimated average burden | | | hours per response: | 12 | | 8-66213 | |---------| | | 01/01/25 12/31/25 LCG Capital Advisors, LLC | | 201 E Kennedy Blvd, Ste 1700 | | | | |--|------------------------------|--|--|--| |--|------------------------------|--|--|--| | | | | 8-66213 | |--------------------------------|--------------------------------|------|-------------------------| | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | 201
E
Kennedy
Blvd, | Ste
1700 | | | | | | | | | Tampa | FL | | 33602 | | | | | | | | | | | | Ana
R
Carter | 813-442-1645 | | acarter@lcgadvisors.com | | | | | | | | | | | | | | | | | Assurance
Dimensions | | | | | | | | | | 3111
N
University
Dr, | Coral
Springs
Ste
621 | FL | 33065 | | | | | | | 4/13/2010 | | 5036 | | | | | | | | | | | | | | | | | {1}------------------------------------------------ | 12/31 | 025 | | | | |-------|-----|--|--|--| Craig Little LCG Capital Advisors LLC | Craig Little | Digitally signed by Craig Little
Date: 2026.02.23 13:07:39 -05'00' | | |--------------|-----------------------------------------------------------------------|--| | | | | | CCO | | | - - - - - - - - - - - - - - - - - - - - - - - - - - - {2}------------------------------------------------ ### TABLE OF CONTENTS | | Page | | |---------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|-------|--| | Report of Independent Registered Public Accounting Firm | 1 | | | Financial Statements
Statement of Financial Condition | 2 | | | Statement of Operations and Changes in Member's Equity | 3 | | | Statement of Cash Flows | 4 | | | Notes to the Financial Statements | 5 - 8 | | | Supplemental Information
Schedule I – Computation of Net Capital Pursuant to Rule 15c3-1
of the Securities and Exchange Commission
Schedule II – Computation for Determination of Reserve Requirements for | 9 | | | Brokers and Dealers Pursuant to Rule 15c3-3 of the Securities Exchange
Act of 1934 | 10 | | | Schedule III – Information Relating to the Possession or Control
Requirements Under Rule 15c3-3 of the Securities Exchange Act of 1934 | 10 | | | Exemption Report | 11 | | | Report of Independent Registered Public Accounting Firm on
Exemption Report | 12 | | {3}------------------------------------------------ REPORT OF INDEPENDENT REGISTERED PUBLIC ACCOUNTING FIRM # of LCG Capital Advisors, LLC: #### Opinion on the Financial Statements To the Member We have audited the accompanying statement of financial condition of LCG Capital Advisors, LLC as of December 31, 2025, the related statements of operations and changes in members 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 LCG Capital Advisors, LLC 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 LCG Capital Advisors, LLCs management. Our responsibility is to express an opinion on LCG Capital Advisors, LLCs 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 LCG Capital Advisors, LLC in accordance with the U.S. federal securities laws and the applicable rules and regulations of the U.S. Securities and Exchange Commission (SEC) 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. #### Auditors Report on Supplemental Information TAMPA BAY: 4920 W Cypress Street, Suite 102 | Tampa, FL 33607 | Office: 813.443.5048 | Fax: 813.443.5053 JACKSONVILLE: 7800 Belfort Parkway, Suite 290 | Jacksonville, FL 32256 | Office: 888.410.2323 | Fax: 813.443.5053 The Schedule I, Computation of Net Capital Pursuant to Rule 15c3-1 of the Securities and Exchange Commission, Schedules II and III, Computation for Determination of Reserve Requirements for Brokers and Dealers Pursuant to Rule 15c3-3 of the Securities Exchange Act of 1934 and Information Relating to Possession or Control Requirements Under Rule 15c3-3 of the Securities Exchange Act of 1934 has been subjected to audit procedures performed in conjunction with the audit of LCG Capital Advisors, LLCs financial statements. The supplemental information is the responsibility of LCG Capital Advisors, LLCs 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 Schedule I, Computation of Net Capital Pursuant to Rule 15c3-1 of the Securities and Exchange Commission, Schedules II and III, Computation for Determination of Reserve Requirements for Brokers and Dealers Pursuant to Rule 15c3-3 of the Securities Exchange Act of 1934 and Information Relating to Possession or Control Requirements Under Rule 15c3-3 of the Securities Exchange Act of 1934 are fairly stated, in all material respects, in relation to the financial statements as a whole. We have served as LCG Capital Advisors, LLCs auditor since 2019. February 23, 2026 Assurance Dimensions, LLC Coral Springs, Florida ASSURANCE DIMENSIONS, LLC also d/b/a McNAMARA and ASSOCIATES, LLC ORLANDO: 1800 Pembrook Drive, Suite 300 | Orlando, FL 32810 | Office: 888.410.2323 | Fax: 813.443.5053 SOUTH FLORIDA: 3111 N. University Drive, Suite 621 | Coral Springs, FL 33065 | Office: 754.800.3400 | Fax: 813.443.5053 Assurance Dimensions is the brand name under which Assurance Dimensions, LLC including its subsidiary McNamara and Associates, LLC (referred together as AD LLC) and AD Advisors, LLC (AD Advisors), provide professional services. AD LLC and AD Advisors practice as an alternative practice structure in accordance with the AICPA Code of Professional Conduct and applicable laws, regulations, and professional standards. AD LLC is a licensed independent CPA firm that provides attest services to its clients, and AD Advisors provide tax and business consulting services to their clients. AD Advisors, and its subsidiary entities are not licensed CPA firms. www.assurancedimensions.com {4}------------------------------------------------ # LCG Capital Advisors, LLC Statement of Financial Condition December 31, 2025 #### ASSETS | LCG Capital Advisors, LLC
Statement of Financial Condition
December 31, 2025 | | |------------------------------------------------------------------------------------|-------------------------| | | | | ASSETS | | | Current assets | | | Cash
Accounts Receivable, net | \$
250,175
17,500 | | Prepaid Expenses | 16,380 | | Total current assets | 284,055 | | Other assets | | | Goodwill | 45,600 | | Other assets | 1,355 | | Total assets | \$
331,010 | | | | | LIABILITIES AND MEMBER'S EQUITY | | | Current liabilities | | | Accounts payable and accrued expenses | \$
4,251 | | Due to related parties | 17,680 | | Total current liabilities | 21,931 | | Commitments and Contingencies (Note 7) | | | Member's equity | 309,079 | #### LIABILITIES AND MEMBER'S EQUITY | LIABILITIES AND MEMBER'S EQUITY | | | |----------------------------------------|---------------|--| | Current liabilities | | | | | | | | | | | | | | | | | | | | Commitments and Contingencies (Note 7) | | | | Member's equity | 309,079 | | | Total liabilities and member's equity | \$
331,010 | | | | | | | | | | | | | | | | | | The accompanying notes are an integral part of this financial statement. {5}------------------------------------------------ # LCG Capital Advisors, LLC Statement of Operations and Changes in Member's Equity For the Year Ended December 31, 2025 | LCG Capital Advisors, LLC | | | |--------------------------------------------------------|----|--------------------| | Statement of Operations and Changes in Member's Equity | | | | For the Year Ended December 31, 2025 | | | | | | | | Revenue | | | | Supervisory and finder's fees
Total revenue | \$ | 967,642
967,642 | | | | | | Operating expenses | | | | Compensation | | 379,442 | | Professional fees | | 98,105 | | Regulatory
Other administrative | | 9,875
109,807 | | Total operating expenses | | 597,229 | | Other income | | 3,489 | | Net income | | 373,902 | | Member's equity, beginning of year | | 192,582 | | Capital Contributions | | 42,595 | | Capital Distributions | | (300,000) | | Member's equity, end of year | \$ | 309,079 | | | | | The accompanying notes are an integral part of this financial statement. {6}------------------------------------------------ ### LCG Capital Advisors, LLC Statement of Cash Flows For the Year Ended December 31, 2025 | LCG Capital Advisors, LLC
Statement of Cash Flows | | | |-----------------------------------------------------------------------------------|---------------|--| | For the Year Ended December 31, 2025 | | | | | | | | | | | | Cash flows provided by operating activities:
Net income | \$
373,902 | | | Change in assets and liabilities: | | | | Accounts Receivable | (12,500) | | | Prepaid Expenses and other assets | (11,599) | | | Due to/from related parties | 54,232 | | | Deferred revenues | (21,071) | | | Accounts payables and accrued expenses | (6,571) | | | Net cash provided by operating activities | 376,393 | | | Cash flows used by financing activities: | | | | Capital distributions | (300,000) | | | Net cash used in financing activities | (300,000) | | | Net change in cash | 76,393 | | | Cash, beginning of year | 173,782 | | | Cash, end of year | \$
250,175 | | | SUPPLEMENTAL DISCLOSURES OF CASH FLOW INFORMATION
Non-cash financing activity: | | | | Paid in capital from forgiveness of due to related parties | \$
42,595 | | The accompanying notes are an integral part of this financial statement. {7}------------------------------------------------ ### Note 1 Nature of Operations LCG Capital Advisors, LLC (the Company) is a broker-dealer registered with the Securities and Exchange Commission (SEC) and a member of the Financial Industry Regulatory Authority. The Company is a Florida limited liability company, formed on July 3, 2003, and is a wholly-owned subsidiary of LCG Capital Holdings, LLC (LCG). LCG purchased an existing broker-dealer in 2008 and renamed it LCG Capital Advisors, LLC in 2009. The Companys business primarily consists of assisting entities in obtaining financing and in merger and acquisition transactions. #### Note 2 Summary of Significant Accounting Policies A summary of the Companys significant accounting policies are as follows: Use of Estimates - The preparation of financial statements in conformity with generally accepted accounting principles in the United States of America (U.S. GAAP) as contained in the Accounting Standards Codification (ASC) issued by the Financial Accounting Standard Board (FASB) requires management to make estimates and assumptions that affect the reported amount of assets and liabilities and disclosure of contingent assets and liabilities at the date of the statement of financial condition. Actual amounts could differ from those estimates. Such estimates include allowances for doubtful accounts and impairment of long-lived assets. Cash and Cash Equivalents For purposes of the statement of cash flows, the Company considers all highly liquid debt instruments purchased with a maturity of three months or less to be cash equivalents. At December 31, 2025, there were no cash equivalents. Goodwill Goodwill was recorded in connection with the 100% change in control of the Company in 2008 as the excess purchase price over the fair value of the net assets acquired. Goodwill is not amortized but tested for impairment on an annual basis or more frequently if indicators of possible impairment exist. As of December 31, 2025, based on managements assessment of qualitative factors it was determined that the fair value of the Companys lone reporting unit more-likely-than-not exceeds its carrying amount. As such, management determined that there was no impairment of goodwill. Revenue from Contracts with Customers The Company accounts for revenue in accordance with ASC Topic 606, Revenue from Contracts with Customers. The core principle of the guidance is that an entity should recognize revenue to reflect the transfer of goods and services to customers in an amount equal to the consideration the entity receives or expects to receive. Revenue recognition is determined through the following steps: (1) identify the contract(s) with a customer; (2) identify the performance obligations in the contract; (3) determine the transaction price; (4) allocate the transaction price to the performance obligations in the contract; and (5) recognize revenue when (or as) the entity satisfies a performance obligation. The Company provides advisory services / corporate finance activity including mergers and acquisitions, reorganizations, tender offers, leveraged buyouts, fundraising activity and the pricing of securities to be issued. {8}------------------------------------------------ ### Note 2 Summary of Significant Accounting Policies (continued) The agreements with customers contain nonrefundable retainer fees or success fees, which may be fixed or represent a percentage of value that the customer receives if, and when, the corporate finance activity is completed (success fees). In some cases, there is also an announcement fee that is calculated on the date that a transaction is announced based on the price included in the underlying sale agreement. The retainer fees, announcement fee, or other milestone fees reduce any success fee subsequently invoiced and received upon the completion of the corporate finance activity i.e. at a point in time. The Company has evaluated its nonrefundable retainer payments, to ensure its fee relates to the transfer of a good or service, as a distinct performance obligation, in exchange for the retainer. The Company recognizes this retainer over time. In some cases, that would result in the broker-dealer accounting for all the services promised in a contract as a single performance obligation and the retainer revenue is classified as deferred revenue on the Statement of Financial Condition. Accounts Receivable and Allowance for Credit Losses The Company accounts for estimated credit losses on financial assets at an amortized cost basis and certain off-balance sheet credit exposures, if any, in accordance with FASB ASC 326-20, Financial Instruments-Credit Losses. FASB ASC 326-20 requires the Company to estimate expected credit losses over the life of its financial assets and certain off-balance sheet exposures as of the reporting date based on relevant information about past events, current conditions, and reasonable and supportable forecasts. An allowance for credit losses is established when the company records estimated credit losses. Changes to the estimated credit losses are recorded through the provision for credit loss expense. A receivable is charged off by management as a loss when deemed uncollectible, although collection efforts continue, and recoveries may occur. Accounts receivable are non-interest bearing, uncollateralized obligations receivable in accordance with the terms agreed upon with each customer. The Company regularly reviews its accounts receivable for any uncollectible amounts. The review for uncollectible amounts is based on an analysis of the Companys collection experience, customer creditworthiness, and current economic trends. Based on managements review of accounts receivable, there was no additional allowance for credit losses recorded in 2025. Total allowance for credit losses as of December 31, 2025 amounted to \$41,000. Income Taxes - The Company is treated as a disregarded entity for income tax purposes. Accordingly, no income taxes or tax benefits are recorded by the Company since such taxes or tax benefits associated with the Companys operations are reported in the tax return of its parent company, LCG. Management has evaluated the effect of the guidance provided by U.S. GAAP on accounting for uncertainty in income taxes in accordance with the provisions of ASC Topic 740, Accounting for Income Taxes, and determined that the Company had no uncertain tax positions that could have a significant effect on the financial statements at December 31, 2025. LCGs federal income tax returns for its 2022 and subsequent tax years are subject to examination by the internal revenue service for three years from their date of filing. Fair Value of Financial Assets and Liabilities The Company follows FASB guidance with respect to fair value measurements. This guidance provides a framework for measuring fair value under US GAAP, for all financial assets and liabilities measured at fair value on a recurring basis (see note 8). Segment Reporting FASB ASC Topic 280, Segment Reporting, as amended by the FASB ASU 2023-07, Segment Reporting (Topic 280): Improvements to Reportable Segment Disclosures, requires all public entities, including those with a single reportable segment, to disclose additional information about a reportable segments expenses. {9}------------------------------------------------ ### Note 2 Summary of Significant Accounting Policies (continued) The Companys chief operating decision maker is its chief executive officer. The Company has one reportable segment: investment banking. The accounting policies of the investment banking segment are the same as those described in the summary of significant accounting policies. The chief operating decision maker assesses performance for the investment banking segment and decides how to allocate resources based on net income as is reported within the accompanying statement of operations. The measure of segment assets is reported within the accompanying statement of financial condition as total assets. The Company does not have intra-entity sales or transfers. Recent Accounting Pronouncements Other accounting standards that have been issued or proposed by the FASB or other standards-setting bodies that do not require adoption until a future date are not expected to have a material impact on the Companys financial statements upon adoption. ## Note 3 Concentration of Credit Risk The financial instruments which potentially subject the Company to concentrations of credit risk are cash and accounts receivable. The Company maintains its cash at one depository bank, which is insured by the Federal Deposit Insurance Corporation (FDIC) up to \$250,000. As of December 31, 2025, the cash on deposit exceeded the FDIC insured limit by \$175. Accounts Receivable at December 31, 2025 is from two customers. Receivables are stated at the amount management expects to collect from outstanding balances. Management provides for probable uncollectible amounts through a charge to earnings and a credit to a valuation allowance based on its assessment of the current status of individual accounts. Balances that are still outstanding after management has used reasonable collection efforts are written off through a charge to the valuation allowance and a credit to accounts receivable. At December 31, 2025 there was a \$41,000 allowance for uncollectible amounts. The Company earned revenue from 9 customers in 2025. The top 3 customers accounted for 60%, 27% and 4%, respectively, of fees and commissions for the year ended December 31, 2025. 100% of revenues were generated in the USA. #### Note 4 Related Party Transactions The Company owes \$17,680 as of December 31, 2025 to a common control related entity. This payable is due on demand and is non-interest bearing. The Company has an expense sharing agreement with its related entities and has recognized approximately \$62,891 in expenses allocated under that agreement during the year ended December 31, 2025. During the year, the Companys member forgave \$42,595 in due to related parties related to the expense sharing agreement. This amount was added to members equity as a capital contribution. # Note 5 Net Capital Requirement The Company is subject to the SEC Uniform Net Capital Rule (Rule 15c3-1), which requires the maintenance of minimum regulatory net capital and a specified ratio of aggregate indebtedness to regulatory net capital. As of December 31, 2025, the Company had a net capital requirement and excess net capital of \$5,000 and \$223,244, respectively. The Company's aggregate indebtedness to net capital ratio was 9.61%. {10}------------------------------------------------ ### Note 6 Exemption from Rule 15c3-3 The Company does not claim an exemption from SEA Rule 15c3-3, in reliance on footnote 74 to SEC Release 34-70073, and as discussed in Q&A 8 of the related FAQ issued by SEC staff. The Company does not (1) directly or indirectly receive, hold, or otherwise owe funds or securities for or to customers, (2) does not carry accounts of or for customers and (3) does not carry PAB accounts. ### Note 7 Commitments and Contingencies The Company can be subject to litigation, arbitration settlements and regulatory assessments which arise in the ordinary course of business as a registered broker-dealer. The Company recognizes a liability and expense for any such matters at the time exposure to loss is more than remote and an amount of the loss is reasonably determinable. In the opinion of management, there are no outstanding matters at December 31, 2025 requiring contingent loss recognition. #### Note 8 Fair Value Measurements FASB ASC Topic 820, Fair Value Measurements and Disclosures, defines fair value, establishes a framework for measuring fair value, and establishes a fair value hierarchy which prioritizes the inputs to valuation techniques. Fair value is the price that would be received to sell an asset or paid to transfer a liability in an orderly transaction between market participants at the measurement date. A fair value measurement assumes that the transaction to sell the asset or transfer the liability occurs in the principal market for the asset or liability or, in the absence of a principal market, the most advantageous market. Valuation techniques that are consistent with the market, income or cost approach, as specified by ASC Topic 820, are used to measure fair value. The fair value hierarchy prioritizes the inputs to valuation techniques used to measure fair value into three broad areas: Level 1 Inputs to the valuation methodology are quoted prices available in active markets for identical investments as of the reporting date. Level 2 Inputs to the valuation methodology are: - Quoted prices for similar assets or liabilities in active markets. - Quoted prices for identical or similar assets or liabilities in inactive markets. - Inputs other than quoted prices that are observable for the asset or liability. Level 3 Inputs to the valuation methodology are unobservable inputs in situations where there is little or no market activity for the asset or liability, and the reporting entity makes estimates and assumptions related to the pricing of the asset or liability, including assumptions regarding risk. #### Note 9 Subsequent Events The Company has evaluated subsequent events and transactions through the date the financial statements were available to be issued. No events other than previously disclosed have occurred subsequent to December 31, 2025 through February 23, 2026 which would require adjustment to, or disclosure in the financial statements, other than previously disclosed. {11}------------------------------------------------ Supplemental Information {12}------------------------------------------------ # December 31, 2025 LCG Capital Advisors, LLC Schedule I - Computation of Net Capital Pursuant to Rule 15c3-1 of the Securities and Exchange Commission | LCG Capital Advisors, LLC
Schedule I - Computation of Net Capital Pursuant to Rule 15c3-1
of the Securities and Exchange Commission
December 31, 2025 | | |----------------------------------------------------------------------------------------------------------------------------------------------------------------|---------------| | Net capital
Total member's capital | \$
309,079 | | Deductions: | | | Non-allowable assets: | | | Accounts Receivable, net | (17,500) | | Prepaid assets | (16,380) | | Other assets | (1,355) | | Goodwill | (45,600) | | Net capital | \$
228,244 | | Aggregate indebtedness | | | Accounts payable, accrued expenses and due to related parties | 21,931 | | Total aggregate indebtedness | \$
21,931 | | Computation of basic net capital requirement - higher of: | | | Minimum net capital required based on aggregate indebtedness | \$
1,462 | | Net capital required | \$
5,000 | | Excess net capital | \$
223,244 | | Ratio of aggregate indebtedness to net capital | 9.61% | There are no material differences between the preceding calculation and the Company's corresponding unaudited Part II A of Form X-17A-5 as of December 31, 2025. {13}------------------------------------------------ # LCG Capital Advisors, LLC # Schedule II - Computation for Determination of Reserve Requirements for Brokers and Dealers Pursuant to Rule 15c3-3 under the Securities and Exchange Act of 1934 December 31, 2025 The Company does not claim an exemption from SEA Rule 15c3-3, in reliance on footnote 74 to SEC Release 34-70073, and as discussed in Q&A 8 of the related FAQ issued by SEC staff. The Company does not (1) directly or indirectly receive, hold, or otherwise owe funds or securities for or to customers, (2) does not carry accounts of or for customers and (3) does not carry PAB accounts. # Requirements Under Rule 15c3-3 of the Securities Exchange Act of 1934 December 31, 2025 LCG Capital Advisors, LLC Schedule III - Information Relating to the Possession or Control The Company does not claim an exemption from SEA Rule 15c3-3, in reliance on footnote 74 to SEC Release 34-70073, and as discussed in Q&A 8 of the related FAQ issued by SEC staff. The Company does not (1) directly or indirectly receive, hold, or otherwise owe funds or securities for or to customers, (2) does not carry accounts of or for customers and (3) does not carry PAB accounts. {14}------------------------------------------------ ![](_page_14_Picture_0.jpeg) # **EXEMPTION REPORT** LCG Capital Advisors, LLC ("Company") is a registered broker-dealer subject to SEC Rule 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)(1) and (4). To the best of its knowledge and belief, the Company states the following: - (1) The Company does not claim an exemption under paragraph (k) of 17 C.F.R. § 240.15c3-3; and - (2) The Company is filing this Exemption Report relying on Footnote 74 of the SEC Release No. 34- 70073 adopting amendments to 17 C.F.R. § 240.17a-5 because the Company limits its business activities exclusively to receiving transaction-based compensation for identifying potential merger and acquisition opportunities for clients, and the Company (1) did not directly or indirectly receive, hold, or otherwise owe funds or securities for or to customers (2) did not carry accounts of or for customers; and (3) did not carry PAB accounts (as defined in Rule 15c3-3) throughout the most recent fiscal year without exception. The Company had no exceptions to the provision identified above throughout the most recent fiscal year. I, Craig Little, swear (or affirm) that, to my best knowledge and belief, this Exemption Report is true and correct. Authorized Signature cco Title 02/23/26 Date {15}------------------------------------------------ ![](_page_15_Picture_0.jpeg) REPORT OF INDEPENDENT REGISTERED PUBLIC ACCOUNTING FIRM #### To the Member of LCG Capital Advisors, LLC: We have reviewed management's statements, included in the accompanying Rule 15c3-3 Exemption Report pursuant to SEC Rule 17a-5, in which (1) LCG Capital Advisors, LLC (the Company) did not claim an exemption under paragraph (k) of 17 C.F.R. §240.15c3-3, and (2) the Company is filing this Exemption Report relying on Footnote 74 of the SEC Release No. 34-70073 adopting amendments to 17 C.F.R. § 240.17a-5 because the Company limits its business activities exclusively to receiving transaction-based compensation for identifying potential merger and acquisition opportunities for clients. In addition, the Company did not directly or indirectly receive, hold, or otherwise owe funds or securities for or to customers, other than money or other consideration received and promptly transmitted in compliance with paragraph (a) or (b)(2) of Rule 15c2-4 and/or funds received and promptly transmitted for effecting transactions via subscriptions on a subscription way basis where the funds are payable to the issuer or its agent and not to the Company; did not carry accounts of or for customers; and did not carry PAB accounts (as defined in Rule 15c3-3) throughout the most recent fiscal year without exception. The Companys management is responsible for compliance with the exemption provisions, throughout the most recent fiscal year, contemplated by Footnote 74 of SEC Release No. 34-70073 adopting amendments to 17 C.F.R. § 240.17a-5 and related SEC Staff and, accordingly, included inquiries and other required procedures to obtain evidence about the Companys compliance with the Frequently Asked Questions and its statements. Our review was conducted in accordance with the standards of the Public Company Accounting Oversight Board (United States) 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. Coral Springs, Florida February 23, 2026 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 upon the Companys business activities contemplated by Footnote 74 of the SEC Release No. 34-70073 adopting amendments to 17 C.F.R. § 240.17a-5, and related SEC Staff Frequently Asked Questions. Assurance Dimensions, LLC ASSURANCE DIMENSIONS, LLC also d/b/a McNAMARA and ASSOCIATES, LLC TAMPA BAY: 4920 W Cypress Street, Suite 102 | Tampa, FL 33607 | Office: 813.443.5048 | Fax: 813.443.5053 JACKSONVILLE: 7800 Belfort Parkway, Suite 290 | Jacksonville, FL 32256 | Office: 888.410.2323 | Fax: 813.443.5053 ORLANDO: 1800 Pembrook Drive, Suite 300 | Orlando, FL 32810 | Office: 888.410.2323 | Fax: 813.443.5053 SOUTH FLORIDA: 3111 N. University Drive, Suite 621 | Coral Springs, FL 33065 | Office: 754.800.3400 | Fax: 813.443.5053 www.assurancedimensions.com Assurance Dimensions is the brand name under which Assurance Dimensions, LLC including its subsidiary McNamara and Associates, LLC (referred together as AD LLC) and AD Advisors, LLC (AD Advisors), provide professional services. AD LLC and AD Advisors practice as an alternative practice structure in accordance with the AICPA Code of Professional Conduct and applicable laws, regulations, and professional standards. AD LLC is a licensed independent CPA firm that provides attest services to its clients, and AD Advisors provide tax and business consulting services to their clients. AD Advisors, and its subsidiary entities are not licensed CPA firms. Source: SEC EDGAR via Adviser Search (https://search.stillhousedata.com). Agents: see https://search.stillhousedata.com/llms.txt.