# ANOVEST FINANCIAL SERVICES, INC. X-17A-5 (2026-03-02) — Broker-dealer annual report

- Company: ANOVEST FINANCIAL SERVICES, INC.
- Form: X-17A-5
- Filed: 2026-03-02
- Period: 2025-12-31
- Accession: 0001309813-26-000001
- CIK: 1309813
- File #: 8-66742
- Type: Broker-dealer
- Material weakness: No
- Auditor: Rubio CPA PC
- Auditor location: Atlanta, GA
- Contact: Brian Megenity
- Phone: 7702636003
- Email: lbafas@anovest.com
- Website: anovest.com
- Signed by: Athanasios N. Bafas (CEO)

Original filing: https://www.sec.gov/Archives/edgar/data/1309813/000130981326000001/afsaudit.pdf

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| UNITED STATES<br>SECURITIES AND 0<CHANGE COMMISSION<br>Washington, IJ.C. 20549                                                                                                                                |                                                             |                      | 0MB Number: 3235--0123<br>Exprres: Nov, ao,.202:s<br>Estimated average burden<br>hours per response: 12 |  |
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|                                                                                                                                                                                                               | ANNUAL REPORTS                                              |                      | SECFJLENUMSER                                                                                           |  |
|                                                                                                                                                                                                               | FORMJ(-17A-5                                                |                      | 8-66742                                                                                                 |  |
|                                                                                                                                                                                                               | PARTm                                                       |                      |                                                                                                         |  |
| Information RequiI:ed Pursuant:to Rules 17a-5, .17a-12, and 18a-7 undenhe Securities Exchange Act of 1934<br>FIUNG,,F.OR THEPERIO.DBEGINNING Q 1/01 /25                                                       | FACING PAGE                                                 | AND ENOING 12/31 /25 |                                                                                                         |  |
|                                                                                                                                                                                                               | .MM/DD/YY                                                   |                      | MM/DD/YY                                                                                                |  |
|                                                                                                                                                                                                               | A. REGISTRANT IDENTIFICATION                                |                      |                                                                                                         |  |
| NAlVlEOff!RM: Anovest Financial Services, Inc.                                                                                                                                                                |                                                             |                      |                                                                                                         |  |
| TYPE OFREGIS.TRANT (check all .applicable boxes):<br>0 f:3r'oker-dealer<br>D. Chee~ hereJf respondent is ~l~o an OTCderivati,1es dealer<br>ADDRESS'OFPRINC!PAL PLACE OF BUSINESS: {Do not use a P.O. box no.} | 0. Security:based sw;ip dealer                              |                      | □ Major security~based ~ap participant                                                                  |  |
| 3225 Shallowford Road, Suite 220                                                                                                                                                                              |                                                             |                      |                                                                                                         |  |
|                                                                                                                                                                                                               |                                                             |                      |                                                                                                         |  |
| Marietta                                                                                                                                                                                                      | (l\!o. and-Street)                                          |                      |                                                                                                         |  |
| (Cffy)                                                                                                                                                                                                        | GA                                                          |                      | 30062                                                                                                   |  |
|                                                                                                                                                                                                               | (State}                                                     |                      | {Zip Code)                                                                                              |  |
| PERSON TOCONTACTWlTH REGARDTOTHIS FlUNG                                                                                                                                                                       |                                                             |                      |                                                                                                         |  |
| Lais Bafas                                                                                                                                                                                                    | (770) 971 -<br>7117                                         |                      | lbafas@anovest.com                                                                                      |  |
| {Name)                                                                                                                                                                                                        | {Area Code - Telephone Number)                              |                      | (Email Address)                                                                                         |  |
|                                                                                                                                                                                                               | B. ACCOUNTANTIDENTIFiG\TION                                 |                      |                                                                                                         |  |
| INDEPENDENTPUBUCACCQUNTANT whose reports are contained in this.filing*<br>RUBIO CPA, PC                                                                                                                       |                                                             |                      |                                                                                                         |  |
|                                                                                                                                                                                                               | (Name - if individual, state last, first,. and middle namej |                      |                                                                                                         |  |
| 3500 Lenox Road NE, Suite 1500 Atlanta                                                                                                                                                                        |                                                             |                      | 30326<br>GA                                                                                             |  |
| (Address}                                                                                                                                                                                                     | (City)                                                      | (State)              | (Zip Code)                                                                                              |  |
| 05/05/09                                                                                                                                                                                                      |                                                             | 3514                 |                                                                                                         |  |
| (Date of Registration with PCAOBl(if aoolicable)                                                                                                                                                              | FOR OFFICIAL USE ONLY                                       |                      | (PCAOB Registration Number. if applicable)                                                              |  |

"Oaims,.fofexe.inption, from tile requirement th;;it the annual reports be covered by th.;repo;t;; of an fm::e;iend-em p:.:b!ic accour\tantmustl:ie sopported by a.statement c<:rffacts and circumstances relied.on as·thebasis of.the exemption. See 17 cm 240.pa~S{ e)(l) (ii), if.api,!icable.

Persons who are to.respond to the collection of inform,ition contained in this fonn are not required .to respond unless the form display~ 111 cur:rentlyvaiidOMB cdritrolnLimber. - • •

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#### OATH OR AFFIRMATION

| I, Anthanasios N. Balas                                                     | swear ( or affirm) that, to the best of my knowfedge and ·belief, the                                                                                                  |
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| financiai report pertaining to-the firm of Anovest Financial Services, Inc. | as of                                                                                                                                                                  |
| December 31<br>2 02s                                                        | ct If rth<br>---> ts rue an corre .<br>• t<br>·ffi<br>) th<br>·d<br>•(<br>ith<br>-<br>•<br>er swear or_a irm .<br>at n~<br>_er the company nor any<br>u                |
|                                                                             | partner, officer~·director; or equivalent-person, a·s.the case may be has·an,, proprietary interest.in any account classified s'"'lely<br>''''"" ,,,,,<br>r<br>•<br>"" |
| as that-of a·.customer.<br>,,,,,,, 0 Go1.,                                  | .,<br>'',,,,~<br>0                                                                                                                                                     |

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# **This filing .. contains (check; all applicabfe·boxes}:**

- Ii!! {a) Statement offinanci;il condition.
- 0 (b) Notes toconsoridated statement of.financial condition.
- Ii!! (c)state·ment'-of income (loss) or,if'there is other comprehensive rncome in thepertod(s).presented, a.statement .of comprehensive income (as defined fo *§* ZlQ.1-02 of Regulation **>-X).**
- ~ {d) Statement of casn flow:s.
- Ii!! (e) Statement of chang~s.in stoc~holders' or pai:tf'.ler~ or sole ~roprietor's equity.
- C1 .{f) Statement of changes in li~bilities subordinated to claims .of creditors.
- ~ (g) Notes to consolidated financial statements.
- ~ **(h)** Computation-of net capital un~r 17 CFR 240.15c3-1 or 17 CFR 240.18a-1, as applicable:
- 0 (i) Computation oftangiblen~t worth under 17 CFR 240.18a-2.
- D 0) Computation for deter:mination of customer reserve requirements.pursuantto Exhibit A to 17 CFR"240.15c3--3.
- 0 (k) Computatfon for ~etermination of seµirity-based swap reserve requirements pursuant to Exhibit B to i 7 CFR .240.15c3-3 -or Exhibit A't0:·17 CFR 240.lBa-4,. a.s·applicable.
- 0 (I),- Computation for Determination-of PAS "Requirements under Exhibit A to §:240.15c3-3.
- 0 (mj Information relating to possessioo or control requirements for aistomers under i7 Cf~:Z40.1?(:3-3.
- □ (n} tr,iformatiQn relating to-possession or control, requirements for security~base!'.f swap ctistomei:s under17 CFR 240..-15c3--3{p)(2) or'17 CFR 240.18a-4,.a.sapplicable. • • \_
- ~ ( o)· Reconci)iations, ioclud,i~g, appropriate explanatil;ms, of th,e FOCUS Report, w\_ith computafi9.ri of netcapttjl or ~rigible \_ net worth under 17 CFR 240.15c3:..1, 17 CFR 240.i8a-t, or 17 CFR 240'.18a-2, as applicable, and the-reserye requirem~nts under-17 CFR 240.15C3-3 or,17 CFR :;240:18a-4, as appiicable, if. material differences exist, or a statement that n.o material differences 1 exist.
- 0 (p) Summary of finar:ic!al data for subsidiaries not corsolidated in the statement of f'i.nanciaJ condition:
- Ii!! (q}\_ Oath QPaffirmation:,n acq:miaocewith 1.7 OR :l4Q.17a-5, 17 C~R.2~ .. 17a--g, Qr 1.\_7 Ct=R 240.18ar 7.,.as applicable.
- D (r) Compliance report in accordance ·with 17 CFR 240.Ha-5 or 17 CFR 240.18a-7~ as applicable.
- Ii!! (~) fxemptionreporrfo accordance with 17.P:R-240:17-aS:~r 17"<:FR i40qsa-7, ;1s applicable.
- 0 (t) Independent public·accountant's report l:!ased orran examination of the statement of.financial ·condition.
- I!!! (u) .Independent public accountant's report based on an examination of the finandal report or financial statements wider 17. CFR 240.lla-5, 17 CFR 240.18a-7, or 17 CFR ·240.Ha-12,'.as.\_appljcable.
- □ (v} 'tnde~ndent--p\_ublic-a~~untpnt'~ report based on an examinati.9~ ~ certain statements in the c;ompliance r~port µnder 17 CFR 2i10.'11a-5 or 17 CFR :240.18a~7, as applicable.
- l!jj (w} l~d!;!p~nclen~ publ\c accountant's re~rt.\_based on a reyiew ofthe.exemptior-i report unde\_r 17 CFR 240.17~-5 ~r 171 CfR 24Q~l,8a-7-; as applicable:
- □ (x),SUpplei:nental reports. on -applying agreed-upon· procedures, in -accordance with 17 CTR 240.15c3:-:-1e or 17 CFR 2.4Q.17a-12, as applicable. •
- D .(y t Repo~ describing il!'V llli3te1Ja} inadequacies f9und to exist or fou~~ to have ex.isted since the d<!te of t'1f?' .previous audit, .or ,a statement that no material-inadequ~~ exist~ under 17 .cFR 240:17a::.11(k). □ ·tz)QtlJer. \_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_ \_
- 
- '~To reqt1\_est r:oQfkfential treatment of certa;n portions of this filing, .see 17 CFR 240.17a-5(e)(3\_) or ·17- C;F.R 240.18a-7\_{f/}(2), as applicable.

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# RUBIO CPA, PC

CERTIFIED PUBLIC ACCOUNTANTS 3500 Lenox Road NE

Suite 1500 Atlanta, GA 30326 770-690-8995

#### REPORT OF INDEPENDENT REGISTERED PUBLIC ACCOUNTING FIRM

To the Stockholders of Anovest Financial Services, Inc.

#### Opinion on the Financial Statements

We have audited the accompanying statement of financial condition of Anovest Financial Services, Inc. (the "Company") as of December 31, 2025, the related statements of operations, changes in stockholders' 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 Jaws 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 risks of material misstatement to the financial statements, whether due to error or fraud, and perfonning procedures that respond to those risks. Such procedures included examining, on a test basis, evidence regarding the amounts and disclosures in the financial statements. Our audit also included evaluating the accounting principles used and significant estimates made by management, as well as evaluating the overall presentation of the financial statements. We believe that our audit provides a reasonable basis for our opinion.

#### Supplemental Information

The information contained in Schedules I, II and III 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 information in Schedules I, II and III 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 accompanying schedules. In forming our opinion on the accompanying schedules, we evaluated whether the supplemental information, including its form and content, is presented

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in conformity with I 7 C.F.R. §240.17a-5. In our opinion, the aforementioned 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 2009.

March 2, 2026 Atlanta, Georgia

Rubio CPA, PC

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ANOVEST FINANCIAL SERVICES, INC. Financial Statements For the Year Ended December 31, 2025 With Report of Independent Registered Public Accounting Firm

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#### **ANOVEST FINANCIAL SERVICES, INC. STATEMENT OF FINANCIAL CONDITION DECEMBER 31, 2025**

ASSETS

| Cash<br>Receivable from broker-dealers<br>Deposit with clearing broker<br>Accounts Receivable<br>Deferred Tax Asset<br>Other assets                                                     | \$<br>46,902<br>13,673<br>15,298<br>3,041<br>5,615<br>8 523 |
|-----------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|-------------------------------------------------------------|
| Total Assets                                                                                                                                                                            | \$<br>93,052                                                |
| LIABILITIES AND STOCKHOLDERS' EQUITY                                                                                                                                                    |                                                             |
| LIABILITIES<br>Accounts payable and accrued expenses<br>Deferred income taxes                                                                                                           | \$<br>40,301<br>3,142                                       |
| Total Liabilities                                                                                                                                                                       | \$<br>43 443                                                |
| STOCKHOLDERS' EQUITY<br>Common stock, \$1 par value, 500 shares authorized,<br>issued, and outstanding<br>Additional paid-in capital<br>Retained earnings<br>Total Stockholders' equity | \$<br>500<br>3,068<br>46 041<br>49 609                      |
| Total Liabilities and Stockholders' Equity                                                                                                                                              | \$<br>93,052                                                |

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#### **ANOVEST FINANCIAL SERVICES, INC. STATEMENT OF OPERATIONS For the Year Ended December 31, 2025**

| REVENUES                           |                  |
|------------------------------------|------------------|
| Commissions                        | \$<br>279,388    |
| Mutual Funds                       | 29,740           |
| Total revenue                      | \$<br>309,128    |
| EXPENSES                           |                  |
| Employee compensation and benefits | 202,093          |
| Clearing costs                     | 70,981           |
| Technology and Communication costs | 4,093            |
| Occupancy                          | 14,144           |
| Other operating expenses           | 47 688           |
| Total expenses                     | \$<br>338 999    |
| LOSS BEFORE INCOME TAXES           | (29,871)         |
| INCOME TAX BENEFITS                | 7 471            |
| NET LOSS                           | \$<br>(\$22,400) |

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#### **ANOVEST FINANCIAL SERVICES, INC. STATEMENT OF CHANGES IN STOCKHOLDERS' EQUITY For the Year Ended December 31, 2025**

|                               | Common<br>Stock | Paid-In<br>Capital | Retained<br>Earnings | Total          |
|-------------------------------|-----------------|--------------------|----------------------|----------------|
| Balance,<br>December 31, 2024 | \$ 500          | \$ 3,068           | \$ 68,441            | \$<br>72,009   |
| Net Income (Loss)             |                 |                    | (22,400)             | \$<br>(22,400) |
| Balance,<br>December 31, 2025 | \$ 500          | \$ 3,068           | \$46,041             | 49,609<br>\$   |

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## **ANOVEST FINANCIAL SERVICES, INC. STATEMENT OF CASH FLOWS For the Year Ended December 31, 2025**

| CASH FLOWS FROM OPERATING ACTIVITIES:<br>Net Loss                                                                   | \$<br>(22,400) |
|---------------------------------------------------------------------------------------------------------------------|----------------|
| NON-CASH ITEMS INCLUDED IN NET LOSS:<br>Deferred tax benefits                                                       | (7,471)        |
| ADJUSTMENTS TO RECONCILE NET LOSS TO NET CASH PROVIDED BY OPERA TING ACTIVITIES:<br>Decrease in accounts receivable | 9,241          |
| Increase in other assets                                                                                            | (1,803)        |
| Increase in accounts payable and accrued expenses                                                                   | 26,909         |
| NET CASH PROVIDED BY OPERATING ACTIVITIES                                                                           | 4,476          |
| NET INCREASE IN CASH                                                                                                | 4,476          |
| CASH:<br>Beginning of year                                                                                          | 42,426         |
| End of year                                                                                                         | \$<br>46,902   |

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# NOTE -- A SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES

# Organization and Description of Business:

The Company is a registered broker dealer organized under the laws of the state of Georgia in June 2004. The Company is registered with the Securities and Exchange Commission, the Financial Industry Regulatory Authority, the Municipal Securities Rulemaking Board, and the securities commissions of appropriate states. The Company's primary business is brokerage of publicly traded securities. Most of the Company's customers are in Georgia.

The Company maintains its demand deposits in a high credit quality financial institution. Balances at times may exceed federally insured limits.

#### Income Taxes:

Income taxes are accounted for by the asset/liability approach. Deferred taxes represent the expected future tax consequences when the reported amounts of assets and liabilities are recovered or paid. They arise from differences between the financial reporting and tax bases of assets and liabilities and are adjusted for changes in tax laws and tax rates when those changes are enacted. The provision for income taxes represents the total of income taxes paid or payable for the current year, plus the change in deferred taxes during the year. The Company provides deferred taxes for differences in the timing of deductions for book and tax reporting purposes principally related to a net operating tax loss carryforward and the use of the cash basis of accounting for income tax purposes.

Under the provisions of F ASB Accounting Standards Codification 7 40-10, Accounting for Uncertainty in Income Taxes, the Company is required to evaluate each of its tax positions to determine if they are more likely than not to be sustained if the taxing authority examines the respective position. A tax position includes an entity's status and the decision not to file a return. The Company has evaluated each of its tax positions and has determined that no provision or liability for income taxes is necessary.

#### Estimates:

Management uses estimates and assumptions in preparing financial statements in accordance with generally accepted accounting principles. Those estimates and assumptions affect the reported amounts of assets, liabilities, revenues, and expenses. Actual results could vary from the estimates that were assumed in preparing the financial statements.

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#### NOTE A - SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES (CONTINUED)

#### Revenue Recognition:

The Financial Accounting Standards Board (FASB) has issued a comprehensive revenue recognition standard that supersedes most existing revenue recognition guidance under GAAP (F ASB Accounting Standards Codification 606).

The standard's core principle is that an entity should recognize revenue when it transfers promised goods or services to customers in an amount that reflects the consideration to which the entity expects to be entitled in exchange for those goods or services. ASU 2014-09 prescribes a five-step process to accomplish this core principle, including:

- Identification of the contract with the customer,
- Identification of the performance obligation(s) under the contract.
- Determination of transaction price.
- Allocation of the transaction price to the identified performance obligation(s);and
- Recognition of revenue as ( or when) an entity satisfies the identified performance obligation(s).

The Company recognizes commission revenue upon the execution of the underlying trade as this satisfies the only performance obligation identified in accordance with this standard.

Mutual Funds or pooled investment vehicles (collectively, "funds") have entered into agreements with the Company to distribute/sell its shares to investors. Marketing or distribution fees are paid overtime (12b-1 fees) on the basis of a contractual rate applied to the monthly or quarterly market value of the fund. Revenue is recognized as these fees are earned in accordance with the underlying agreements.

#### Accounts Receivable and Receivable from Clearing Broker Dealer:

Accounts receivable, including receivable from clearing broker-dealer, are non-interestbearing 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 Company's collections experience, customer credit worthiness and current economic trends. Based on management's review of accounts receivable, no allowance for credit losses was deemed necessary.

#### Date of Management's Review:

Subsequent events were evaluated through the date the financial statements were issued.

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#### NOTE B - NET CAPITAL

The Company, as a registered broker dealer, is subject to the Securities and Exchange Commission Uniform Net Capital Rule (Rule 15c3-1), 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. On December 31, 2025, the Company had net capital of \$32,430 which was \$27,430 in excess of its required net capital of\$5,000 and the ratio of aggregate indebtedness to net capital was .34 to 1.0.

NOTE C - INCOME TAXES

The provision for income taxes is summarized as follows:

Deferred Income tax benefit \$7,471

Deferred income taxes are recognized for temporary differences between the basis of assets and liabilities for financial and income tax purposes. The differences on December 31, 2025, relate primarily to a net operating loss carry forward and use of the cash basis of accounting for income tax reporting.

The deferred tax liability as of December 31, 2025, arises from accrual to cash timing differences and the deferred tax asset arises from a net operating loss carry forward to future years of approximately \$25,000.

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# NOTED - OFF BALANCE SHEET RISK

In the normal course of business, the Company executes securities transactions for the accounts of its customers. These activities may expose the Company to off balance sheet risk in the event the customer or other broker is unable to fulfill its contracted obligations and the Company has to purchase or sell the financial instrument underlying the contract at a loss.

# NOTE E - CONTINGENCIES

The Company is subject to litigation in the normal course of business. The Company has no litigation in progress at December 31, 2025.

#### NOTE F - RELATED PARTIES

The Company has a rental agreement with its stockholders. The rental agreement, which may be canceled at any time, requires that the Company pay the stockholders for the use of office premises and 50% of utilities, insurance, real estate taxes and assessments. The amount paid pursuant to the rental agreement for 2025 was approximately \$14,143.

The Company also paid other parties related to the stockholders' fees for services that totaled \$1,600 during 2025.

There are no balances due from or to related parties at December 31, 2025.

Results of operations could differ from the amounts in accompanying financial statements if these related party transactions did not exist.

#### NOIBG-RETIREMENTPLAN

The Company has a profit-sharing plan with a 401 (k), salary reduction plan feature, covering substantially all full-time employees. Company contributions are discretionary. Employer contributions expensed for 2025 were \$29,392.

#### NOIB H-CLEARING BROKER-DEALER

The Company clears all customer transactions through another broker-dealer on a fully disclosed basis. The fully disclosed correspondent/clearing agreement requires a deposit with the clearing firm of \$15,000. Provided that the Company is not in default ofits obligations or liabilities to the clearing firm, the clearing firm will return the security deposit following termination of the clearing arrangement.

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## NOTE I-SEGMENT REPORTING

The Company is engaged in a single line of business as a securities broker-dealer offering services to retail investors. As a broker-dealer it conducts the following business: retailing corporate equity securities and over-the-counter securities; selling corporate debt securities; mutual fund retailer; municipal securities broker; selling variable life insurance or annuities; solicitor of time deposits in financial institutions; put and call broker or option writer; and nonexchange member arranging for transactions in listed securities by exchange member. 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, 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 reporting 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 summary of significant accounting policies.

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#### SUPPLEMENTAL INFORMATION

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#### **SCHEDULE** I **ANOVEST FINANCIAL SERVICES, INC.**

# **COMPUTATION OF NET CAPITAL UNDER RULE 15c3-1 OF THE SECURITIES AND EXCHANGE COMMISSION ACT OF 1934 AS OF DECEMBER 31, 2025**

# NET CAPITAL:

| Total stockholders' equity                                                                             | \$<br>49,609                             |
|--------------------------------------------------------------------------------------------------------|------------------------------------------|
| Less non-allowable assets:<br>Accounts receivable, non-allowable<br>Other assets<br>Deferred Tax asset | (3,040)<br>(8,524)<br>(5615)<br>(17,179) |
| Net capital before haircuts                                                                            | 32,430                                   |
| Less haircuts                                                                                          |                                          |
| Net capital<br>Minimum net capital required                                                            | 32,430<br>5 000                          |
| Excess net capital                                                                                     | \$<br>?7,430                             |
| Aggregate indebtedness, liabilities less deferred taxes and<br>employee retirement plan contribution   | \$<br>10,909                             |
| Minimum net capital based on aggregate indebtedness                                                    | \$<br>727                                |
| Ratio of aggregate indebtedness to net capital                                                         | .34 to 1.0                               |

#### RECONCILIATION WITH COMPANY'S COMPUTATION OF NET CAPITAL INCLUDED IN PART IIA OF FORM X-l 7A-5 AS OF DECEMBER 31, 2025.

There is no significant difference between net capital as reported in Part IIA of Form X-l 7a-5 and net capital as reported above.

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### **ANOVEST FINANCIAL SERVICES, INC.**

#### SCHEDULE II COMPUTATION FOR DETERMINATION OF RESERVE REQUIREMENTS UNDER RULE 15c3-3 OF THE SECURITIES AND EXCHANGE COMMISSION AS OF DECEMBER 31, 2025

The Company is exempt from the provisions of Rule 15c3-3 under the Securities Exchange Act of 1934, pursuant to paragraph (k)(2)(ii) of the rule.

#### SCHEDULE III INFORMATION RELATING TO THE POSSESSION OR CONTROL REQUIREMENTS UNDER RULE 15c3-3 OF THE SECURITIES AND EXCHANGE COMMISSION AS OF DECEMBER 31, 2025

The Company is exempt from the provisions of Rule 15c3-3 under the Securities Exchange Act of 1934, pursuant to paragraph (k)(2)(ii) of the rule.

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# RUBIO CPA, PC

CERTIFIED PUBLIC ACCOUNTANTS 3500 Lenox Road NE Suite 1500 Atlanta, GA 30326 770-690-8995

#### REPORT OF INDEPENDENT REGISTERED PUBLIC ACCOUNTING FIRM

To the Stockholders of Anovest Financial Services, Inc.

We have reviewed management's statements included in the accompanying Broker Dealers Annual Exemption Repmt in which (I) Anovest Financial Services, Inc. identified the following provisions of 17 C.F .R. § l 5c3-3(k) under which Anovest Financial Services, Inc. claimed an exemption from 17 C.F.R. § 240.15c3-3: (k)(2)(ii) (the "exemption provisions"); and, (2) Anovest Financial Services, Inc. stated that Anovest Financial Services, Inc. met the identified exemption provisions throughout the most recent fiscal year without exception. Anovest Financial Services, Inc.' 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, included inquiries and other required procedures to obtain evidence about Anovest Financial Services, Inc.'s compliance with the exemption provisions. A review is substantially less in scope than an examination, the objective of which is the expression ofan 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 Secmities Exchange Act of 1934.

March 2, 2026 Atlanta, GA

Rubio CPA, PC

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# **ANOVEST FINANCIAL\_ SERVICES, INC'S EXEMPTION REPORT**

'·

Anovest Financial Services, Inc. (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:

The Company claimed an exemption from the provisions of Rule 15c3-3 under the Securities and Exchange Act of 1934, pursuant to paragraph (k)(2)(ii) of the Rule.

The Company met the identified exemption provisions throughout the most recent fiscal year ended December 31, 2025, without exception .

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, Athan¥~- Balas

January 27, 2026

**Anovest Financial Services, Inc** 

3225 Shallowford Road. Suite 220 Marietta. Georgia 30062 T 770.971.7 l 17 F 770.97 1.7236 800.927.9205

Member FINRA, MSRB & SIPC


Source: SEC EDGAR via Adviser Search (https://search.stillhousedata.com). Agents: see https://search.stillhousedata.com/llms.txt.