# FIRST ASSET FINANCIAL INC. X-17A-5 (2026-05-26) — Broker-dealer annual report

- Company: FIRST ASSET FINANCIAL INC.
- Form: X-17A-5
- Filed: 2026-05-26
- Period: 2025-12-31
- Accession: 0001347371-26-000009
- CIK: 1347371
- File #: 8-67191
- Type: Broker-dealer
- Material weakness: No
- Auditor: Ohab and Company, PA
- Auditor location: Maitland, FL
- Contact: Jim Webb
- Phone: 7704009800
- Signed by: Jim R Webb (CEO)

Original filing: https://www.sec.gov/Archives/edgar/data/1347371/000134737126000009/fafaudit2025edgar.pdf

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| SECURITIES AND EXCHANGE COMMISSION                                                                                                                   |                                                                                              | OMB APPROVAL<br>OMB Number: 3235-0123<br>Expires: Nov. 30, 2026<br>Estimated average burden<br>12<br>hours per response: |                                            |  |  |  |  |
|------------------------------------------------------------------------------------------------------------------------------------------------------|----------------------------------------------------------------------------------------------|--------------------------------------------------------------------------------------------------------------------------|--------------------------------------------|--|--|--|--|
|                                                                                                                                                      | ANNUAL REPORTS                                                                               |                                                                                                                          | SEC FILE NUMBER                            |  |  |  |  |
|                                                                                                                                                      | FORM X-17A-5                                                                                 |                                                                                                                          | 8-28026                                    |  |  |  |  |
|                                                                                                                                                      | PART II                                                                                      |                                                                                                                          |                                            |  |  |  |  |
| FACING PAGE<br>Information Required Pursuant to Rules 17a-5, 17a-12, and 18a-7 under the Securities Exchange Act of 1934<br>12/31/2025<br>01/01/2025 |                                                                                              |                                                                                                                          |                                            |  |  |  |  |
| FILING FOR THE PERIOD BEGINNING                                                                                                                      | AND ENDING                                                                                   | MM/DD/YY                                                                                                                 |                                            |  |  |  |  |
|                                                                                                                                                      | MM/DD/YY<br>A. REGISTRANT IDENTIFICATION                                                     |                                                                                                                          |                                            |  |  |  |  |
|                                                                                                                                                      |                                                                                              |                                                                                                                          |                                            |  |  |  |  |
| NAME OF FIRM: First Asset Financial Inc                                                                                                              |                                                                                              |                                                                                                                          |                                            |  |  |  |  |
| TYPE OF REGISTRANT (check all applicable boxes):<br>@ Broker-dealer<br>Check here if respondent is also an OTC derivatives dealer                    |                                                                                              |                                                                                                                          |                                            |  |  |  |  |
|                                                                                                                                                      | ADDRESS OF PRINCIPAL PLACE OF BUSINESS: (Do not use a P.O. box no.)                          |                                                                                                                          |                                            |  |  |  |  |
| 1600 Pennsylvania Ave                                                                                                                                |                                                                                              |                                                                                                                          |                                            |  |  |  |  |
|                                                                                                                                                      | (No. and Street)                                                                             |                                                                                                                          |                                            |  |  |  |  |
| McDonough                                                                                                                                            | GA                                                                                           |                                                                                                                          | 30253                                      |  |  |  |  |
| (City)                                                                                                                                               | (State)<br>(Zip Code)                                                                        |                                                                                                                          |                                            |  |  |  |  |
| PERSON TO CONTACT WITH REGARD TO THIS FILING                                                                                                         |                                                                                              |                                                                                                                          |                                            |  |  |  |  |
| Jim R Webb                                                                                                                                           | 70-400-9800                                                                                  |                                                                                                                          | faf@firstassetfinar                        |  |  |  |  |
| (Name)                                                                                                                                               | (Area Code - Telephone Number)                                                               |                                                                                                                          | (Email Address)                            |  |  |  |  |
|                                                                                                                                                      | B. ACCOUNTANT IDENTIFICATION                                                                 |                                                                                                                          |                                            |  |  |  |  |
| INDEPENDENT PUBLIC ACCOUNTANT whose reports are contained in this filing*<br>Ohab and Company, PA                                                    |                                                                                              |                                                                                                                          |                                            |  |  |  |  |
| 100 E Sybelia Ave Suite 13 Maitland                                                                                                                  | (Name - if individual, state last, first, and middle name)                                   | ﻠ                                                                                                                        | 32751                                      |  |  |  |  |
| (Address)<br>07 28 2004                                                                                                                              | (City)<br>1837                                                                               | (State)                                                                                                                  | (Zip Code)                                 |  |  |  |  |
| (Date of Registration with PCAOB)(if applicable)                                                                                                     | FOR OFFICIAL USE ONLY                                                                        |                                                                                                                          | (PCAOB Registration Number, if applicable) |  |  |  |  |
|                                                                                                                                                      | * 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.

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### OATH OR AFFIRMATION

|       | Jim R webb<br>swear (or affirm) that, to the best of my knowledge and belief, the                                                                                                           |
|-------|---------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|
|       | financial report pertaining to the firm of First Asset Financial Inc<br>as of the as of                                                                                                     |
| 12/31 | 2 025 , is true and correct. I further swear (or affirm) that neither the company nor any                                                                                                   |
|       | partner, officer, director, or equivalent person, as the case may be, has any proprietary interest in any account classified solely                                                         |
|       | as that of a customer.                                                                                                                                                                      |
|       |                                                                                                                                                                                             |
|       | Signature:                                                                                                                                                                                  |
|       | JOIARY                                                                                                                                                                                      |
|       | litle:<br>PUBLIC                                                                                                                                                                            |
|       | CEC                                                                                                                                                                                         |
|       |                                                                                                                                                                                             |
|       | 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 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 (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.                                                                                                                                               |
|       | [1] Computation for Determination of PAB Requirements under Exhibit A to § 240.15c3-3.                                                                                                      |
|       | [ (m) Information relating to possession or control requirements for customers under 17 CFR 240.15c3-3.                                                                                     |
|       | _ (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) Reconciliations, including appropriate explanations, of the FOCUS Report with computation of 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<br>exist.                                                     |
|       |                                                                                                                                                                                             |
|       | _ (p) Summary of financial data for subsidiaries not consolidated in the statement of financial condition.                                                                                  |
|       | Oath or affirmation in accordance with 17 CFR 240.17a-5, 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 240.18a-7, as applicable.<br>_ (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 240.17a-12, as applicable.
- □ (y) Report describing any material inadequacies found to have existed since the date of the previous audit, or a statement that no material inadequacies exist, under 17 CFR 240.17a-12(k).
- □ (z) Other: \_
- \*\* To request confidential treatment of certain portions of this filing, see 17 CFR 240.17a-5(e/(3) or 17 CFR 240.18c-7(d)(2), as applicable.

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# FIRST ASSET FINANCIAL, INC.

Financial Statements For the Year Ended December 31, 2025 

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Contents As of and for Year Ended December 31, 2025

#### Financial Statements

Statement of Financial Condition

Statement of Operations

Statement of Changes in Stockholder's Equity

Statement of Cash Flows

Notes to Financial Statements

#### Supplementary Information

Schedule I - Computation of Net Capital Under Rule 15c3-1 of the Securities and Exchange Commission

Schedule II - Computation for Determination of Reserve Requirements under Rule 15c3-3 of the Securities and Exchange Commission

Schedule III - Information Relating to Possession or Control Requirements under Rule 15c3-3 of the Securities and Exchange Commission

Report of Independent Registered Public Accounting Firm (Exemption Report)

Exemption Letter

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![](_page_4_Picture_0.jpeg)

100 E. Sybelia Ave. Suite 130 Maitland, FL 32751

Certified Public Accountants Email: pam a ohabco.com

Telephone 407-740-7311 Fax 407-740-6441

# REPORT OF INDEPENDENT REGISTERED PUBLIC ACCOUNTING FIRM

To the Stockholder of First Asset Financial, Inc.

## Opinion on the Financial Statements

We have audited the accompanying statement of financial condition of First Asset Financial, Inc. as of December 31, 2025, the related statements of operations, 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 figancial statements present fairly, in all material respects, the financial position of First Asset Financial, Inc. and Inc. and Inc. and 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 First Asset Financial, Inc. management. Our responsibility is to express an opinion on First Asset Financial, Inc.'s financial statements based on our audit. We arrolally is to accounting firm registered with the Public Company Accounting Oversight Board (United States) (PCACB) and are leve and the spalles and with respect to First Asset Financial, Inc. in accordance with the U.S. federal securities laws and the applicable rules and regulations of the Securities and Exchange Commission and the PCAOB,

We conducted our audit in accordance with the standards of the PCAOB. Those standards require that we plan and perform the audit to obtain reasonable assurance about whether the financial statements are free vo 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 regrarding the anounts and disclosures in the financial statements. Our audit also included evaluating the accounting principles used and significant estimates made by management, as well as evaluating the overall presentation of the financial statements. We believe that our audit provides a reasonable basis for our opinion.

## Auditor's Report on Supplemental Information

The Schedule I, Computation of Net Capital Pursuant to Rule 15c3-1, Schedule II, Computation for Determination of Reserve Requirements Under Rule 15c3-3 of the Securities and Exchange Compission and Schemile III, Information Relating to Possession or Control Requirements Under Rule 15c3-3 of the Securities and Exchange Commission have been subjected to audit procedures performed in conjunction with the audit of irst Asset Financial, Inc.'s financial statements, The supplemental information is the responsibility of Francial, Inc.'s management. Our audit procedures included determining whether the supplemental information recommins 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 formation, In formig 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, Schedule II, Computation for Determination of Reserve Requiremports United Rule 15c3-3 of the Securities and Exchange Commission and Schedule III, Information Relating to Posession or Control Requirements Under Rule 15c3-3 of the Securities and Exchange Commission are faily stated in all material respects, in relation to the financial statements as a whole,

offer and Company . It

We have served as First Asset Financial, Inc.'s auditor since 2009,

Maitland, Florida March 21, 2026

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FIRST ASSET FINANCIAL, INC.

Statement of Changes in Stockholders' Equity

For the Year Ended December 31, 2025

|                              | Common |        | Additional |                 | Treasury |              | Retained |                    |          |  |
|------------------------------|--------|--------|------------|-----------------|----------|--------------|----------|--------------------|----------|--|
|                              |        | Stock  |            | Paid in Capital |          | Stock        |          | Earnings/(Deficit) | Total    |  |
| Balance on December 31, 2024 | S      | 10,000 |            | 105,895         | ಕೆ       | (3,000)   \$ |          | (12,151)<br>ಕೆ     | 100,744  |  |
| Additional Paid in Capital   |        |        |            |                 |          |              |          |                    |          |  |
| Net Income/(Loss)            |        |        |            |                 |          |              |          | (4,371)            | (4,371)  |  |
| Distributions/Dividends      |        |        |            |                 |          |              |          | (25,000)           | (25,000) |  |
| Balance on December 31, 2025 |        | 10,000 | క          | 105.895         | ಕ        | (3,000) \$   |          | (41,522)<br>ಕ      | 71,373   |  |

The accompanying notes are an integral part of these financial statements.

{8}------------------------------------------------

### FIRST ASSET FINANCIAL, INC.

## Statement of Cash Flows For the Year Ended December 31, 2025

| CASHFLOWS FROM OPERATING ACTIVITES:                                                           |   |                     |
|-----------------------------------------------------------------------------------------------|---|---------------------|
| Net Income/(Loss)                                                                             | S | (4.3/1)             |
|                                                                                               |   |                     |
| Adjustments to reconcile net income to net cash used by                                       |   |                     |
| Operating Activities:                                                                         |   |                     |
| Changes in operating assets and liabilities                                                   |   |                     |
| Decrease in commissions receivable                                                            |   | 13,822              |
| Increase in clearing deposit account                                                          |   | (65)                |
| Decrease in prepaid expense                                                                   |   | 4,214               |
| Decrease in accounts payable and accrued expenses                                             |   |                     |
| Decrease in commissions payable                                                               |   | (7,193)             |
| Increase in due to related party                                                              |   | 18,359              |
| Decrease in deferred revenue                                                                  |   | (27,548)            |
| Increase in income taxes payable                                                              |   |                     |
| Net cash provided by operating activities<br>Financing Activities:<br>Distributions/Dividends |   | (2,782)<br>(25,000) |
| Net cash provided by financing activities                                                     |   | (25,000)            |
| NET INCREASE/DECREASE IN CASH                                                                 |   | (27,782)            |
| CASH AT BEGINNING OF YEAR                                                                     |   | 102,173             |
| CASH AT END OF YEAR                                                                           | S | 74,391              |
| NON CASHITEMS<br>Interest                                                                     |   |                     |

Taxes

The accompanying notes are an integral part of these financial statements.

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{11}------------------------------------------------

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{12}------------------------------------------------

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{13}------------------------------------------------

# FIRST ASSET FINANCIAL, INC. Schedule I - Computation of Net Capital Pursuant to Rule 15c3-1 December 31, 2025

| Net Capital                                                                           |   |        |
|---------------------------------------------------------------------------------------|---|--------|
| Total shareholders' equity                                                            | S | 71,374 |
| Deductions and/or charges:                                                            |   |        |
| Non-allowable assets                                                                  |   |        |
|                                                                                       |   |        |
| Commission Receivable                                                                 |   | 6,555  |
| Prepaid Expenses                                                                      |   | 6,280  |
|                                                                                       |   |        |
| Net Capital                                                                           | ਣ | 58,539 |
|                                                                                       |   |        |
| Aggregate Indebtedness                                                                |   |        |
| Items included in statement of financial condition                                    |   |        |
|                                                                                       |   |        |
| Accounts payable and accrued expenses                                                 |   |        |
| Commissions payable                                                                   |   | 23,175 |
| Due to related party                                                                  |   | 23,184 |
| Deferred revenue                                                                      |   |        |
| Total aggregate indebtedness                                                          | S | 46,359 |
|                                                                                       |   |        |
|                                                                                       |   |        |
| Minimum net capital required (greater of 6 2/3% of aggregate indebtedness or \$5,000) | S | 5,000  |
|                                                                                       |   |        |
| Excess net capital                                                                    | S | 53,539 |
| Excess net capital of the greater of 10 percent of total aggregate indebtedness       |   |        |
| Or 120 percent of minimum net capital required                                        | S | 52,539 |
|                                                                                       |   |        |
| Ratio of aggregate indebtedness to net capital                                        |   | 79.19% |

There are no material differences between the above computation and the computation in the Company's corresponding unaudited Form X-17a-5 Part II as of December 31, 2025

{14}------------------------------------------------

# FIRST ASSET FINANCIAL, INC. Notes to Financial Statements DECEMBER 31, 2025

## Schedule II- Computation for Determination of Reserve Requirements Under Rule 15c3-3 of the Securities and Exchange Commission

The company is exempt from the provision of Rule 15c3-3 as of December 31, 2022, under the Securities Exchange Act of 1934, under paragraph (k)(2)(ii) of that Rule.

The Company is claiming an exemption under paragraph (k) of 17 C.F.R. §240.15c3-3, 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. In order to avail itself of this option, the Company has represented that it does not, and will not, hold customer funds or securities.

## Schedule III- Information Relating to the Possession or Control Under Rule 15c3-3 of the Securities and Exchange Commission

The company is exempt from the provision of Rule 15c3-3 as of December 31, 2022, under the Securities Exchange Act of 1934, under paragraph (k)(2)(ii) of that Rule

The Company is claiming an exemption under paragraph (k) of 17 C.F.R. §240.15c3-3, 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. In order to avail itself of this option, the Company has represented that it does not, and will not, hold customer funds or securities.

{15}------------------------------------------------

![](_page_15_Picture_0.jpeg)

**1600 Pennsylvania Ave. McDonough, GA 30253**  (785) 825-5050 Fax (785) 823-9207

March 13, 2026

Ohabco and Company, P.A. 100 E. Sybelia Ave. Ste. 130 Maitland, FL 32751

To Whom it May Concern:

First Asset Financial 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:

- (1) The Company claimed an exemption from the provisions of Rule 15c3-3 under the Securities and Exchange Act of 1934, pursuant to paragraphs (k) (2) (ii) of the Rule.
- (2) The Company met the identified exemption provisions in 17 C.F.R. §240.15c3-3 (k) throughout the most recent fiscal year without exception.
- (3) The Company is also filing this Exemption Report because the Company's other business activities contemplated by Footnote 74 of the SEC Release No. 34-70073 adopting amendments to 17 C.F.R. § 240.17a-5 are limited (1) effecting securities transactions via subscriptions on a subscription way basis where the funds are payable to the issuer or its agent and the Company (1) 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); (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.

For First Asset Financial Inc.:

I, Jim R. Webb, swear (or affirm) that, to my best knowledge and belief, this Exemption Report is true and correct.

By: Jim R. Webb Title: CEO March 24 , 2026

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100 E. Sybelia Ave. Suite 130 Maitland, FL 32751

Certified Public Accountants I mail: pam a ohabeo.com

Telephone 407-740-7311 Fax 407-740-6441

## REPORT OF INDEPENDENT REGISTERED PUBLIC ACCOUNTING FIRM

To the Stockholder of First Asset Financial, Inc.

We have reviewed management's statements, included in the accompanying Exemption Report, in which (1) First Asset Financial, Inc. identified the following provision(s) of 17 C.F.R. §15c3-3(K) under which First Asset Financial, Inc. claimed the following exemption(s) from 17 C.F.R. §240.1563-3 (r)(2)(i) [exemption provision(s)) and (2) First Asset Financial, Inc. stated that First Asset Financial, Inc. met the identified exemption provisions throughout compliance with the average without exception First Asset Financial, Inc.'s management is responsible for compliance with the exemption provisions and its statements,

The Company is also filing this Exemption Report because the Company's other business activities contemplated by Footnote 74 of the SEC Release No. 34-70073 adopting amendments to 17 C.F.R. § 240.17a-5 are limited to effecting securities transactions via subscription way basis where the funds are parallings are payable to the issuer or its agent, in addition, the Company did not directly receive, hold or otherwise over 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 subscription way basis where the funds are payable to the issue for 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,

First Asset Financial, Inc.'s management is responsible for compliance with the provisions contemplated by Foothote 74 of SEC Release No. 34-70073 adopting amendments to 17 C.F.R. § 240.17a-5 and related SEC Staff Frequently Asked Questions 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 Flant Asset Financial, Inc.'s compliance with the exemption provisions of Flam of Footne 74 A review is substantially less in scope than an examination, the objective of which is the expression of an opline 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(s) (k)(2)(ii) of Rule 15c3-3 under the Securities Exchange Act of 1934 and the Comprise 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,

Ohal and Comp

Ohab and Company, PA Maitland, Florida March 21, 2026

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100 E. Sybelia Ave. Suite 130 Certified Public Accountants Telephone 407-740-7311 Maitland, FL\_32751 REPORT OF INDEPENDENT REGISTERED PUBLIC ACCOUNTING FIRM ON Fax 407-740-6441 APPLYING AGREED-UPON PROCEDURES

To the Stockholder of First Asset Financial. Inc.

We have performed the procedures included in Rule 17a-5(e)(4) under the Securities Exchange Act of 1934 and in the Securities Investor Protection (SIPC) Series 600 Rules, which are enumerated below on the accompanying General Assessment Reconciliation (Form SIPC-7) for the year ended December 31, 2025. Management of First Asset Financial, Inc. (the Company) is responsible for its Form SIPC-7 and for its compliance with the applicable instructions on Form SIPC-7.

Management of the Company has agreed to and acknowledged that the procedures performed are appropriate to meet the intended purpose of assisting you and SIPC in evaluating the Company's compliance with the applicable instructions on Form SIPC-7 for the year ended December 31, 2025 Additionally, SIPC has agreed to and acknowledged that the procedures performed are appropriate for their intended purpose. This report may not be suitable for any other purpose. The procedures performed may not address all the items of interest to a user of this report and may not meet the needs of all users of this report and, as such, users are responsible for determining whether the procedures performed are appropriate for their purposes. The sufficiency of these procedures is solely the responsibility of those parties specified in this report. Consequently, we make no representation regarding the sufficiency of the procedures described below either for the purpose for which this report has been requested or for any other purpose, The procedures we performed and our associated findings are as follows:

- 1) Compared the listed assessment payments in Form SIPC-7 with respective cash disbursement records entries, noting no differences;
- 2) Compared the Total Revenue amounts reported on the Annual Audited Report Form X-17A-5 Part III for the year ended December 31, 2025 with the Total Revenue amount reported in Form SIPC-7 for the year ended December 31, 2025, noting no differences;
- 3) Compared any adjustments reported in Form SIPC-7 with supporting schedules and working papers, noting no differences;
- 4) Recalculated the arithmetical accuracy of the calculations reflected in Form SIPC-7 and in the related schedules and working papers supporting the adjustments, noting no differences, and
- 5) Compared the amount of any overpayment applied to the current assessment with the Form SIPC-7 on which it was originally computed, noting no differences,

We were engaged by the Company to perform this agreed-upon procedures engagement and conducted our engagement in accordance with attestation standards established by the AICPA and in accordance with the standards of the Public Company Accounting Oversight Board (United States), We were not engaged to and did not conduct an examination or a review engagement, the objective of which would be the expression of an opinion or conclusion, respectively, on the Company's Form SIPC-7 and for its compliance with the applicable instructions on Form SIPC -7 for the year ended December 31, 2025 Accordingly, we do not express such an opinion or conclusion. Had we performed additional procedures, other matters might have come to our attention that would have been reported to you

We are required to be independent of the Company and to meet our other ethical responsibilities in accordance with the relevant ethical requirements related to our agreed-upon procedures engagement.

This report is intended solely for the information and use of the Company and SIPC and is not intended to be and should not be used by anyone other than these specified parties,

Olah and Company AN

Maitland, Florida March 21, 2026


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