# WJ LYNCH INVESTOR SERVICES LLC X-17A-5 (2026-03-31) — Broker-dealer annual report - Company: WJ LYNCH INVESTOR SERVICES LLC - Form: X-17A-5 - Filed: 2026-03-31 - Period: 2025-12-31 - Accession: 0001362552-26-000005 - CIK: 1362552 - File #: 8-67335 - Type: Broker-dealer - Material weakness: No - Auditor: CBIZ - Auditor location: Boston, MA - Contact: Christopher Stulb - Phone: 617-247-7000 - Email: cstulb@wjlynch.com - Website: wjlynch.com - Signed by: Christopher Stulb (CCO & CFO) Original filing: https://www.sec.gov/Archives/edgar/data/1362552/000136255226000005/PublicPDF.pdf --- {0}------------------------------------------------ **UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549** OMB APPROVAL OMB Number: ϯϮϯϱͲϬϭϮϯ Expires: EŽǀ͘ϯϬ͕ϮϬϮϲ Estimated average burden hours per response: > SEC FILE NUMBER 8-67335 ### **ANNUAL REPORTS FORM X-17A-5 PART III** **FACING PAGE** **Information Required Pursuant to Rules 17a-5, 17a-12, and 18a-7 under the Securities Exchange Act of 1934** | FILING FOR THE PERIOD BEGINNING _____________________ AND ENDING ______________________ | 01/01/24 | 12/31/24 | |-----------------------------------------------------------------------------------------|----------|----------| | | MM/DD/YY | MM/DD/YY | **A. REGISTRANT IDENTIFICATION** #### NAME OF FIRM: \_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_ WJ Lynch Investor Services, LLC TYPE OF REGISTRANT (check all applicable boxes): ܆ Broker-dealer ܆ Security-based swap dealer ܆ Major security-based swap participant ܆ Check here if respondent is also an OTC derivatives dealer ■ ADDRESS OF PRINCIPAL PLACE OF BUSINESS: (Do not use a P.O. box no.) #### \_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_ 535 Boylston St., Ste T2 | | (No. and Street) | | | |-----------------------------------------------------------------------------------------------------------------|------------------------------------------------------------|-----------------|--------------------------------------------| | Boston
_____________________________________________________________________________________ | MA | | 02116 | | (City) | (State) | | (Zip Code) | | PERSON TO CONTACT WITH REGARD TO THIS FILING | | | | | Chris Stulb
_____________________________________________________________________________________ | 617 247-7000 | | cstulb@wjlynch.com | | (Name) | (Area Code – Telephone Number) | (Email Address) | | | | B. ACCOUNTANT IDENTIFICATION | | | | Marcum LLP
_____________________________________________________________________________________ | (Name – if individual, state last, first, and middle name) | | | | 53 State St., 17th Flr
_____________________________________________________________________________________ | Boston | MA | 02109 | | (Address) | (City) | (State) | (Zip Code) | | 10/16/03
_____________________________________________________________________________________ | | 199 | | | (Date of Registration with PCAOB)(if applicable) | | | (PCAOB Registration Number, if applicable) | | | FOR OFFICIAL USE ONLY | | | | | | | | \* Claims for exemption from the requirement that the annual reports be covered by the reports of an independent public accountant must be supported by a statement of facts and circumstances relied on as the basis of the exemption. See 17 CFR 240.17a-5(e)(1)(ii), if applicable. **Persons who are to respond to the collection of information contained in this form are not required to respond unless the form displays a currently valid OMB control number.** {1}------------------------------------------------ ![](_page_1_Figure_2.jpeg) ![](_page_1_Figure_3.jpeg) - - - - - - - - - - - - - - - - - - - - - - - - - - - {2}------------------------------------------------ **Statement of Financial Condition** **DECEMBER 31, 2025** {3}------------------------------------------------ ### **Statement of Financial Condition** ### **December 31, 2025** ### **C O N T E N T S** | Report of Independent Registered Public Accounting Firm | 1 | |---------------------------------------------------------|-----| | Financial Statement: | | | Statement of Financial Condition | 2 | | Notes to the Financial Statement | 3-7 | {4}------------------------------------------------ ![](_page_4_Picture_0.jpeg) *\$#\*;\$1"T1\$* 53 State Street 17th Floor Boston, MA 02109 P: 617.807.5000 #### **Report of Independent Registered Public Accounting Firm** To the Member of **WJ Lynch Investor Services, LLC** #### **Opinion on the Financial Statement** We have audited the accompanying statement of financial condition of WJ Lynch Investor Services, LLC (the "Company") as of December 31, 2025 and the related notes (collectively referred to as the "financial statement"). In our opinion, the financial statement presents fairly, in all material respects, the financial position of the Company as of December 31, 2025 in conformity with accounting principles generally accepted in the United States of America. #### **Basis for Opinion** This financial statement is the responsibility of the Company's management. Our responsibility is to express an opinion on the Company's financial statement based on our audit. We are a public accounting firm registered with the Public Company Accounting Oversight Board (United States) (PCAOB) and are required to be independent with respect to the Company in accordance with the U.S. federal securities laws and the applicable rules and regulations of the Securities and Exchange Commission and the PCAOB. We conducted our audit in accordance with the standards of the PCAOB. Those standards require that we plan and perform the audit to obtain reasonable assurance about whether the financial statement is 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 of the financial statement, 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 statement. 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 statement. We believe that our audit provides a reasonable basis for our opinion. We have served as the Company's auditor since 2014 (such date takes into account the acquisition of the attest business of Marcum LLP by CBIZ CPAs P.C. effective November 1, 2024). Boston, MA March 2, 2026 *\$#\*;\$1"4\$0.* {5}------------------------------------------------ #### **Statement of Financial Condition** #### **December 31, 2025** #### **Assets** | Cash | \$
6,602 | |----------------------|-------------| | Accounts receivable | 1,213,229 | | Other current assets | 15,658 | | Total Assets | \$ 1,235,489 | | |--------------|--------------|--| | | | | #### **Liabilities and Member's Equity** | Accounts payable
Due to Parent | \$
206,774
182,679 | |----------------------------------------|--------------------------| | Total Liabilities | \$
389,453 | | Commitments and Contingencies (Note 4) | | | Member's equity | 846,036 | | | | | Total Liabilities and Member's Equity | \$ 1,235,489 | *The accompanying notes are an integral part of the financialstatement.* {6}------------------------------------------------ #### **Statement of Financial Condition** #### **December 31, 2025** #### Note 1 - **Business Operations and Summary of Significant Accounting Policies** #### *Business Operations* WJ Lynch Investor Services, LLC (the "Company"), a Delaware company operating in perpetuity, is a broker-dealer registered with the Securities and Exchange Commission ("SEC") and is also a member of the Financial Industry Regulation Authority ("FINRA"). The Company markets and sells bank-owned and corporateowned life insurance products and consulting services for executive benefit programs to its institutional clients. The Company is a limited liability corporation located in Massachusetts and is a wholly owned subsidiary of WJL Associates, Inc. (the "Parent"). #### *Basis of Accounting* The accompanying financial statement have been prepared on the accrual basis of accounting in accordance with accounting principles generally accepted in the United States ("GAAP") as determined by the Financial Accounting Standards Board ("FASB") Accounting Standards Codification ("ASC"). #### *Management Estimates* The preparation of financial statement in conformity with generally accepted accounting principles in the United States of America requires management to make estimates and assumptions that affect the reported amounts of assets and liabilities and disclosure of contingent assets and liabilities at the date of the financial statement. The actual results could differ from the estimates made in the preparation of the financial statement. #### *Cash* Cash consists of cash held at banks. The carrying amount of cash approximates fair value. The Company defines cash and cash equivalents as highly liquid investments with original maturities of three months or less. #### *Accounts Receivable* Accounts receivable represents amounts due from commissions, referral and consulting fees. {7}------------------------------------------------ #### **Statement of Financial Condition** #### **December 31, 2025** #### Note 1 - **Business Operations and Summary of Significant Accounting Policies – Continued** #### *Due to Parent* Due to Parent includes operating expenses owed to parent (see Note 2). The carrying amount of Due to Parent approximates fair value because of the short-term nature and duration. #### *Accounts Payable* Accounts payable includes operating expenses owed to third parties. The carrying amount of Accounts payable approximates fair value because of the short-term and duration. #### *Allowance for Credit Losses* The Company follows the Financial Accounting Standards Board's ("FASB") Accounting Standard Update ("ASU") 2016-13, Financial Instruments - Credit Losses: Measurement of Credit Losses on Financial Instruments. This guidance requires entities to use a current expected credit loss impairment model based on expected losses rather than incurred losses. Under this model, an entity would recognize an impairment allowance equal to its current estimate of all contractual cash flow that the entity does not expect to collect from financial assets measured at amortized cost within the scope of the standard. The Company considers factors such as historical experience, credit quality, age of balances and current and future economic conditions that may affect the Company's expectation of the collectability in determining the allowance for credit losses. Management does not believe that an allowance is required as of December 31, 2025. #### *Broker Dealer – Single Reportable Segment* The Company operates solely within a single reportable segment, consisting of its entire business operations as a securities broker-dealer, which is comprised of several classes of services, including variable life insurance sales, investment advisory referrals, and consulting to insurance carriers. The Company has identified its CEO, William Lynch, as the chief operating decision maker ("CODM"). The segment's net assets are represented by Member's Equity, as reported on the accompanying statement of financial condition. Additionally, the CODM uses excess net capital (see Note 5), to make operational decisions while maintaining capital adequacy, such as whether to reinvest profits or make distributions to the {8}------------------------------------------------ #### **Statement of Financial Condition** #### **December 31, 2025** #### Note 1 - **Business Operations and Summary of Significant Accounting Policies – Continued** Parent. #### *Income Taxes* In 2025, the Company adopted FASB ASU 2023-09, *Improvements to Income Tax Disclosures.* The standard enhances annual disclosures related to income taxes for public business entities, including expanded rate reconciliation presentation. Adoption affected disclosures only and did not impact the Company's financial position. The Company applied the guidance prospectively to the year ended December 31, 2025. The Company is organized as a limited liability company. Accordingly, no provision or liability for Federal or state income taxes is reflected in the accompanying financial statements; instead, the net income or net loss is allocated to the member and is included on the member's income tax returns and subject to income taxes accordingly. Because the Company is treated as a partnership for U.S. federal income tax purposes, it is not subject to U.S. federal income taxes. Accordingly, a reconciliation of the statutory federal income tax rate to the Company's effective tax rate is not presented. As of December 31, 2025, the gross timing difference between the tax basis and the reported GAAP amounts of the Company's assets and liabilities resulted in a net taxable temporary difference of approximately \$839,000. This difference primarily relates to approximately \$1,213,000 in timing differences for revenue recognition on accounts receivable, approximately \$15,000 of prepaid expenses, and approximately \$389,000 for accrued expenses and payables not yet deductible for tax purposes. These differences represent future taxable or deductible amounts that will be recognized by the Member as the related assets are recovered or liabilities are settled. {9}------------------------------------------------ #### **Statement of Financial Condition** #### **December 31, 2025** #### Note 2 - **Related Party Transactions** #### *Shared Expense Allocation Agreement* Through an agreement with the Parent, the Company is allocated certain operating expenses including occupancy, professional services, communications and data processing, advertising and employee benefits. The Company incurs 68% of the allocable expenses and the Parent incurs 32% of the allocable expenses. The allocation is derived from the percentage of revenue the Company represents of the total revenue of the Parent. The amount due to the Parent was approximately \$183,000 as of December 31, 2025. It is possible that the terms of certain related party transactions are not the same as those that would result for transactions among unrelated parties. #### Note 3 - **Risks, Uncertainties and Concentrations** #### *Major Customers* During the year ended December 31, 2025, the Company had two insurance carriers that represented approximately 76% of the accounts receivable balance at December 31, 2025. #### *Concentration of Risk* The Company maintains cash balances in financial banking institutions, and, at times during the year, these balances may exceed the federally insured limit. Management monitors the financial condition of this banking institution, along with its balances in cash, to keep this potential risk at a minimum. #### *Subsequent Events* The Company has evaluated subsequent events through the date the financial statement was issued. There has been no material subsequent event that would require adjustment to, or disclosure in, the financial statement. #### *Risks and Uncertainties* There are a number of global externalities such as war, global recession or pandemics that may have bearing on the economy, our partners and customers. Due to the unknown nature, duration and magnitude of these global events, the impact on the Company's operations and liquidity is uncertain as of the issuance date of the financial statement. While there could ultimately be a material impact on operations and liquidity of the Company, at the time of issuance, the impact could not be determined. {10}------------------------------------------------ ### **Statement of Financial Condition** ### **December 31, 2025** #### Note 4 - **Commitments and Contingencies** #### *Indemnifications* The Company provides representations and warranties to counterparties in connection with a variety of commercial transactions and occasionally indemnifies them against potential losses caused by the breach of those representations and warranties. These indemnifications generally are standard contractual terms and are entered into in the normal course of business. The Company's maximum exposure under these arrangements cannot be known; however, the Company expects any risk of loss to be remote. #### *Litigation and Claims* The Company may be subject to claims and litigation in the normal course of business. The Company is not aware of any pending or threatened litigation, claims or assessments or unasserted claims of assessments that would have a material adverse effect on the Company's financial statement. #### Note 5 - **Net Capital** The Company may be subject to the Securities and Exchange Commission's Uniform Net Capital Rule 15c3-1 (the "Rule"). Pursuant to the Rule, the Company is required to maintain a minimum net capital of 6 2/3% of aggregate indebtedness as defined or \$5,000 minimum dollar requirement, whichever is greater. As of December 31, 2025, the Company had net capital of \$382,625, exceeding the minimum net capital requirement of \$25,964 by \$356,661. At December 31, 2025, the Company had a ratio of aggregate indebtedness to net capital of 1.02 to 1. Source: SEC EDGAR via Adviser Search (https://search.stillhousedata.com). Agents: see https://search.stillhousedata.com/llms.txt.