# ASCENDANT FINANCIAL PARTNERS, LLC X-17A-5 (2025-03-20) — Broker-dealer annual report - Company: ASCENDANT FINANCIAL PARTNERS, LLC - Form: X-17A-5 - Filed: 2025-03-20 - Period: 2024-12-31 - Accession: 0001389929-25-000001 - CIK: 1389929 - File #: 8-67551 - Type: Broker-dealer - Material weakness: No - Auditor: Ohab and Company - Auditor location: Maitland, FL - Contact: Susan Wyka - Phone: 13038827311 - Email: swyka@ascendantfp.com - Website: ascendantfp.com - Signed by: Susan Wyka (CEO) Original filing: https://www.sec.gov/Archives/edgar/data/1389929/000138992925000001/confidentialaudit2024-.pdf --- {0}------------------------------------------------ CONFIDENTIAL TREATMENT REQUESTED **UNITED STATES SECURITIES ANO EXCHANGE COMMISSION Washington, 0.C. 20549 ANNUAL REPORTS FORM X-17 A-5 PART Ill FACING PAGE** 0MB APPROVAL 0MB Number: 3235-0123 Expires: **Nov.** 30, 2026 Estimated average burden hours per response: 12 SEC FILE NUMBER 8-67551 **Information Required Pursuant to Rules 17a-5, 17a-12, and 18a-7 under the Securities Exchange Act of 1934** FILING FOR THE PERIOD BEGINNING **01 /01/2024** MM/DD/YY AND ENDING 1213112024 MM/DD/VY **A. REGISTRANT IDENTIFICATION** NAME OF FIRM: Ascendant Financial Partners, LLC TYPE OF REGISTRANT (check all applicable boxes): 0 Broker-dealer D Security-based swap dealer D Major security-based swap participant D Check here if respondent is also an OTC derivatives dealer ADDRESS OF PRINCIPAL PLACE OF BUSINESS: (Do not use a P.O. box no.) 317 Australian Dr (No. and Street) Rotonda West FL (City) (State) PERSON TO CONTACT WITH REGARD TO THIS FILING 33947 (Zip Code) Susan Wyka 303-882-7311 swyka@ascendantfp.com (Name) (Area Code -Telephone Number) (Email Address) **B. ACCOUNTANT IDENTIFICATION** INDEPENDENT PUBLIC ACCOUNTANT whose reports are contained in this filing\* OHAB AND COMPANY, PA (Name - if individual, state last, first, and middle name) 100 E SYBELIA AVENUE, SUITE 130 **MAITLAND** FL 32751 (Address) (City) (State) (Zip Code) JULY 28, 2004 1839 rte of Reg;,tc,t;o" **with** PCAOB)(" appUcable) **FOR OFFICIAL USE ONLY (PCAOB** Reg;straUoo N,mbe,, ff applkable) I . \* 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)(l)(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 0MB control number.** {1}------------------------------------------------ #### **OATH OR AFFIRMATION** *.Sus-~* Cuv!G- I, L , swear (or affirm) that, to the best of my knowledge and belief, the financial report pertaining to the firm of *A-s-* CR ,1d-a.,.\_f-r\_:;::., *t'\""'c* , *,J* Po---.~ LL e\_\_ , as of M w- d I 6 . 2 0 2--r, 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. ![](_page_1_Picture_3.jpeg) Title? ce? Notary • #### **This filing\*\* contains (check all applicable boxes):** - Iii (a) Statement offinancial condition. - □ (b) Notes to consolidated statement of financial condition. - Iii (c) Statement of income (loss) or, if there is other comprehensive income in the period(s) presented, a statement of comprehensive income (as defined in§ 210.1-02 of Regulation S-X). - Iii (d) Statement of cash flows. - Iii (e) Statement of changes in stockholders' or partners' or sole proprietor's equity. - D (f) Statement of changes in liabilities subordinated to claims of creditors. - Iii (g) Notes to consolidated financial statements. - Iii (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. - Iii (j) Computation for determination of customer reserve requirements pursuant to Exhibit A to 17 CFR 240.15c3-3. - D (k) Computation for determination of security-based swap reserve requirements pursuant to Exhibit 8 to 17 CFR 240.15c3-3 or Exhibit A to 17 CFR 240.18a-4, as applicable. - D (I) Computation for Determination of PAB Requirements under Exhibit A to§ 240.15c3-3. - iii (m) Information relating to possession or control requirements for customers under 17 CFR 240.15c3-3. - D (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. - Iii (o) Reconciliations, including appropriate explanations, of the FOCUS Report with computation of net capital or tangible net worth under 17 CFR 240.15c3-1, 17 CFR 240.18a-1, or 17 CFR 240.18a-2, as applicable, and the reserve requirements under 17 CFR 240.15c3-3 or 17 CFR 240.18a-4, as applicable, if material differences exist. or a statement that no material differences exist. - D (p) Summary of financial data for subsidiaries not consolidated in the statement of financial condition. - Iii (q) Oath or affirmation in accordance with 17 CFR 240.17a-5, 17 CFR 240.17a-12, or 17 CFR 240.18a-7, as applicable. - D (r) Compliance report in accordance with 17 CFR 240.17a-5 or 17 CFR 240.18a-7, as applicable. - Iii (s) Exemption report in accordance with 17 CFR 240.17a-5 or 17 CFR 240.18a-7, as applicable. - D (t) Independent public accountant's report based on an examination of the statement of financial condition. - iii (u) Independent public accountant's report based on an examination of the financial report or 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. - Iii (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. - D (x) Supplemental reports on applying agreed-upon procedures, in accordance with 17 CFR 240.15c3-le or 17 CFR 240.17a-12, as applicable. - □ (y) Report describing any material inadequacies found to exist or found to have existed since the date of the previous audit, or a statement that no material inadequacies exist, under 17 CFR 240.17a-12(k). D (z) Other: \_\_\_\_\_\_\_\_\_\_\_\_\_ \_\_\_\_\_\_\_\_ \_\_\_\_\_\_\_\_\_\_\_ \_\_ \_ - - \*\*To request confidential treatment of certain portions of this filing, see 17 CFR 240.17a-5{e){3} or 17 CFR 240.18a-7{d}{2}, as applicable. {2}------------------------------------------------ #### **REPORT PURSUANT TO RULE 17a-5(d)** #### **YEAR ENDED DECEMBER 31. 2024** The report is deemed **CONFIDENTIAL** in accordance with Rule 17a-5( e )(3) under the Securities Exchange Act of 1934. A statement of financial condition has been filed with the Securities and Exchange Commission simultaneously herewith as a **PUBLIC DOCUMENT.** {3}------------------------------------------------ #### **CONTENTS** | | Page(s) | |-------------------------------------------------------------------------------------------|---------| | Report of Independent Registered Public Accounting Firm | | | Statement of Financial Condition | 1 | | Statement of Operations | 2 | | Statement of Changes in Member's Equity | 3 | | Statement of Cash Flows | 4 | | Notes to Financial Statements | 5-8 | | Supplementary Schedules: | | | Computation of Net Capital Pursuant to Uniform Net
Schedule I -
Capital Rule 15c3-1 | 9 | {4}------------------------------------------------ ![](_page_4_Picture_0.jpeg) 100 E. Sybelia Ave. Suite 130 Maitland, FL 32751 *Certified Public Accountants* Email: pam@ohabco. com Telephone 407-740-73 l 1 Fax 407-740-644! #### REPORT OF INDEPENDENT REGISTERED PUBLIC ACCOUNTING FIRM To the Member of Ascendant Financial Partners, LLC #### **Opinion on the Financial Statements** We have audited the accompanying statement ot financial condition of Ascendant Financial Partners, LLC as ot December 31, 2024, the related statements of operations, changes in member's equity, and cash flows for the year then ended, and the related notes and schedules (collectively referred to as the "financial statements"). In our opinion, the financial statements present fairly, in all material respects, the financial position of Ascendant Financial Partners, LLC as of December 31, 2024, and t11e 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 Ascendant Financial Partners, LLC's management. Our responsibility is to express an opinion on Ascendant Financial Partners, LLC'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 Ascendant Financial Partners, LLC in accordance with the U.S. federal securities laws and the applicable rules and regulations of the Securities and Exchange Commission and the PCAOB. We conducted our audit in accordance with the standards of the PCAOB. Those standards require that we plan and perform the audit to obtain reasonable assurance about whether the financial statements are free of material misstatement, whether due to error or fraud . Our audit included performing procedures to assess the risks of material misstatement of the financial statements, whether due to error or fraud, and performing procedures that respond to those risks. Such procedures included examining, on a test basis, evidence regarding the amounts and disclosures in the financial statements. Our audit also included evaluating the accounting principles used and significant estimates made by management, as well as evaluating the overall presentation of the financial statements. We believe that our audit provides a reasonable basis for our opinion. #### **Auditor's Report on Supplemental Information** The Schedule ! has been subjected to audit procedures performed in conjunction with the audit of Ascendant Financial Partners, LLC's financial statements. The supplemental information is the responsibility of Ascendant Financial Partners, LLC's management. Our audit procedures included determining whether the supplemental information reconciles to the financial statements or the underlying accounting and other records, as applicable, and performing procedures to test the completeness and accuracy of the information presented in the supplemental information. In forming our opinion on the supplemental information, we evaluated whether the supplemental information, including its form and content, is presented in conformity with 17 C.F.R. §240.17a-5. In our opinion, Schedule I is fairly stated, in all material respects , in relation to the financial statements as a whole. ~t~ ~-q~ We have served as Ascendant Financial Partners, LLC's auditor since 2015. Maitland, Florida March 3, 2025 {5}------------------------------------------------ ## STATEMENT OF FINANCIAL CONDITION DECEMBER 31, 2024 #### ASSETS | Cash and cash equivalents | \$
10,390 | |-----------------------------------------------|--------------| | Total assets
LIABILITIES | 10,390 | | Total Liabilities
MEMBER'S EQUITY | | | COMMITMENTS AND CONTINGENCIES (Notes 3 and 4) | | | MEMBER'S EQUITY (Note 2) | 10,390 | | TOT AL LIABILITIES AND MEMBER'S EQUITY | \$
10,390 | {6}------------------------------------------------ ## **STATEMENT OF OPERATIONS YEAR ENDED DECEMBER 31, 2024** | REVENUE: | | |----------------------------------------------|-----------------| | Success fee income | \$
2,550,000 | | Administrative Fee Income | 6,000 | | Total revenue | 2,556,000 | | EXPENSES: (Note 3) | | | General and administrative - related parties | 2,549,400 | | Professional fees | 22,714 | | Other | 12,908 | | Total expenses | 2,585,022 | | Interest fucome | 12 | | | | | | | **NETINCOME** \$ **(29,010)** {7}------------------------------------------------ ## **STATEMENT OF CHANGES** IN **MEMBER'S EQUITY YEAR ENDED DECEMBER 31, 2024** | BALANCE, December 31, 2023 | \$
10,390 | |----------------------------|--------------| | Net income | (29,010) | | Member distributions | | | Member contributions | 17,900 | | BALANCE, December 31, 2022 | \$
21,500 | {8}------------------------------------------------ ## **STATEMENT OF CASH FLOWS YEAR ENDED DECEMBER 31, 2024** | CASH FLOWS FROM OPERATING ACTIVITIES: | | |-------------------------------------------------------------|----------------| | Net income | \$
(29,010) | | Adjustments to reconcile net income to net cash provided by | | | operating activities: | | | Decrease in accounts receivable | 1,500 | | Decrease in accounts payable | | | Decrease in other assets | 4,091 | | Net cash flows provided by operating activities | (23,419) | | CASH FLOWS USED IN INVESTING ACTIVITIES: | | | Increase in other assets | | | CASH FLOWS FROM INVESTING AND FINANCING ACTIVITIES: | | | Member contributions | 17,900 | | Member distributions | | | Net cash flows used in financing activities | 17,900 | | NET INCREASE IN CASH AND CASH EQUIVALENTS | (5,519) | | CASH AND CASH EQUIVALENTS, beginning of year | 15,909 | | CASH AND CASH EQUIVALENTS, end of year | \$
10,390 | | SUPPLEMENT AL DISCLOSURE | | | Cash paid for interest | \$ | | Cash paid for taxes | \$ | | | 10,390 | {9}------------------------------------------------ # **NOTES TO FINANCIAL STATEMENTS DECEMBER 31, 2024** #### *NOTEJ-ORGANIZATION AND SIGNIFICANT ACCOUNTING POLICIES* # *Organization and business* Ascendant Financial Partners, LLC (the "Company"), a Colorado limited liability company, was formed in August 2006 and began operating as a licensed broker-dealer in May 2007. The Company is wholly owned by Ascendant Partners, Inc. (the "Parent"). Ascendant Consulting Partners, LLC ("ACP") is also wholly owned by the Parent. Other than direct broker dealer expenses and an expense sharing allocation between the Company and ACP, all payroll and overhead expenses are incurred by and paid by ACP. The Company's operations are headquartered in Rotonda West, Florida. The Company will be economically dependent upon the financial support of its Parent should it fail to achieve profitable operations. The members of the Parent have committed to provide the Company with such financial support, personally or through another appropriate entity so long as the Parent, the Company and affiliates maintain the same relationship. The Company is a registered broker-dealer subject to the rules and regulations of the Securities and Exchange Commission and the Financial Industry Regulatory Authority, Inc. The Company provides investment banking and advisory services to clients primarily in the renewable energy, food and agribusiness industries. The Company does not hold customer funds or securities. The Company is engaged in a single line of business as a securities broker-dealer, which is comprised of investment banking services. ## *Revenues for contracts with customers* Revenues from contracts with customers are composed of investment banking fees. Such fees are recognized at the point in time when the Company's performance under the terms of the contractual arrangement is completed, which is over time and at the closing of the transaction. Reimbursed expenses related to these transactions are recorded as revenue and are included in investment banking fees. In certain instances, for advisory contracts, the Company will receive amounts in advance of the deals' closing. In these instances, revenue is recognized over time in which the performance obligations are simultaneously provided by the Company. At December 31, 2024 there were no advances to the Company. ## *Significant Judgements* Revenue from contracts with customers includes fees from investment banking. The recognition and measurement of revenue is based on the assessment of individual contract tenns. Significant {10}------------------------------------------------ # **NOTES TO FINANCIAL STATEMENTS DECEMBER 31, 2024** judgment is required to determine whether performance obligations are satisfied at a point in time or over time; how to allocate transaction prices where multiple performance obligations are not identified; when to recognize revenue based on the appropriate measure of the Company's progress under the contract; whether revenue should be presented gross or net of certain costs; and whether constraints on variable consideration should be applied due to uncertain future events. # *15c3-3 Exemption* The Company, under Rule 15c3-3(k)(3) is exempt from the reserve and possession or control requirements of Rule 15c3-3 of the Securities and Exchange Commission. The Company does not carry or clear customer accounts. ## *Cash and cash equivalents* For purposes of the statement of cash flows, the Company considers money market funds with original maturities of three months or less to be cash equivalents. ## *Allowance for doubtful accounts* Accounts receivable consists of amounts due from clients for investment banking services. The Company's management periodically assesses its accounts receivable for collectability and establishes an allowance for doubtful accounts and records bad debt expense when deemed necessary. ### *Income taxes* Because the Company is a limited liability company, it is not subject to income taxes. Instead, the member is taxed on the Company's taxable income, whether or not distributed. Therefore, these financial statements do not reflect a provision for income taxes. The Company is required to determine whether a tax position is more likely than not to be sustained upon examination by the applicable taxing authority, including resolution of any tax related appeals or litigation processes, based on the technical merits of the position. The Company files an income tax return in the U.S. federal jurisdiction and may file income tax returns in various U.S. states. The Company is not subject to income tax return examinations by major taxing authorities for years before 2014. The tax benefit recognized is measured as the largest amount of benefit that has a greater than fifty percent likelihood of being realized upon ultimate settlement. De-recognition of a tax benefit previously recognized results in the Company recording a tax liability that reduces net assets. However, the Company's conclusions regarding this policy may be subject to review and adjustment at a later date based on factors including, but not limited to, on-going analyses of and changes to tax laws, regulations and interpretations thereof. The {11}------------------------------------------------ # **NOTES TO FINANCIAL STATEMENTS DECEMBER 31, 2024** Company recognizes interest accrued related to unrecognized tax benefits and penalties related to unrecognized tax benefits in income taxes payable, if assessed. No interest expense or penalties have been recognized as of and for the year ended December 31, 2024. # *Concentrations* During the year ended December 31 , 2024, one client accounted for approximately 100% of the Company's total investment banking and advisory service revenue. As of December 31, 2024, there were no accounts receivable. # *Credit Losses* The Company follows ASC Topic 326, Financial Instruments-Credit Losses ("ASC 326"). ASC 326 impacts the impairment model for certain fmancial assets by requiring a current expected credit loss ("CECL") methodology to estimate expected credit losses over the entire life of the financial asset. Under the accounting update, the Company has the ability to determine that there are no expected credit losses in certain circumstances ( e.g. based on the credit quality of the customer). # *Estimates* The preparation of financial statements in conformity with accounting principles generally accepted in the United States of America requires management to make estimates and assumptions that affect the reported amounts of assets and liabilities and disclosure of contingent assets and liabilities at the date of the fmancial statements and the reported amounts of revenues and expenses during the reporting period. Actual results could differ from those estimates. # *NOTE2- NET CAPITAL REQUIREMENTS* Pursuant to the net capital provisions of Rule 15c3-l of the Securities Exchange Act of 1934, the Company is required to maintain a minimum net capital, as defined under such provisions. At December 31, 2024, the Company had a net capital of \$10,390 and net capital requirement of \$5,000, respectively. The Company's net capital ratio (aggregate indebtedness to net capital) was 0.0. According to Rule 15c3-l, the Company's net capital ratio shall not exceed 15 to 1. # *NOTE3- SEGMENT REPORTING* The Company is engaged in a single line of business as a securities broker-dealer, which is comprised of investment banking services. The Company has identified its CEO as the chief operating decision maker ("CODM") which uses net income to evaluate the results of the business, predominantly in the foreseeable process, to manage the Company. Additionally, the CDOM uses excess net capital which is not a measure of profit and loss, to make operational decisions while {12}------------------------------------------------ ## **NOTES TO FINANCIAL STATEMENTS DECEMBER 31, 2024** maintaining capital adequacy, such as whether to reinvest profits or pay dividends. The Company's operations constitute a single operating segment and therefore a single reportable segment because the CODM manages the business activities using information of the Company as a whole. The accounting policies used to measure the profit and loss of the segment asr the same as those described in the summary of significant accounting policies. The Company derived 100% of its total revenues from a single external customer in 2024, ### *NOTE4- COMMITMENTS AND RELATED PARTY TRANSACTIONS* Under an expense sharing agreement, the Parent, through ACP, provides substantially all of the general and administrative services to the Company. The Parent allocates expenses on a reasonable allocation basis directly based upon usage by the Company of the Parent's and ACP's property, personnel, rent and other services. These expenses are charged to the Company on a monthly basis and are recorded in the Company's financial statements. For the year ended December 31, 2024, the Company was charged a total of \$14,400 by the Parent under an expense sharing agreement between AFP and ACP and \$2,535,000 for management and other services. The amount is determined by the Company's management. The Company pays Ascolo Partners, LLC (Susan Wyka) for services provided for supervision and financial management for the broker dealer. The amount in 2024 was 15,600. The Company received \$6,000 from one registered representative to cover expenses associated with carrying their licenses for the year ended December 31, 2024, which is included in other income. There were no commissions paid to the registered representatives. ## *NOTES- FINANCIAL INSTRUMENTS, OFF-BALANCE SHEET RISK AND CONTINGENCIES* The Company's financial instruments, including cash and cash equivalents and accounts receivable are carried at amounts that approximate fair value due to the short-term nature of those instruments. • #### *NOTE6- COMMITMENTS AND CONTINGENCIES* The Company does not have any commitments or contingencies. #### *NOTE* 7 - *SUBSEQUENT EVENTS* The Company has performed an evaluation of subsequent events through the date the financial statements were issued. The evaluation did not result in any subsequent events that required disclosure and/or adjustments. {13}------------------------------------------------ ## **ASCENDANT FINANCIAL PARTNERS, LLC COMPUTATION AND RECONCILIATION OF NET CAPTIAL UNDER RULE 15c3-1 OF THE SECURITIES AND EXCHANGE COMMISSION DECEMBER 31, 2024** | CREDIT: | | |-------------------------------------------------------------|--------------| | Member's equity | \$
10,390 | | DEBIT: | | | Non-allowable assets: | | | Accounts receivable | | | | | | Total debits | | | NET CAPITAL | 10,390 | | Minimum requirements of 6-2/3% of aggregate indebtedness of | | | \$0 or \$5,000, whichever is greater | 5,000 | | Excess net capital | \$
5,390 | | AGGREGATE INDEBTEDNESS: | | | RATIO OF AGGREGATE INDEBTEDNESS TO NET CAPITAL | 0.0 to 1 | | | | There are no material differences between the above computations and those inclued in the Company's corresponding unaudited FormX-l 7a-5 as of Dec. 31, 2024 {14}------------------------------------------------ ![](_page_14_Picture_0.jpeg) I 00 E. Sybelia Ave. Suite I 30 Maitland, FL 32751 *Certified Public Accountants* Email: pam@ohabco.com Telephone 407-740-73 l I Fax 407-740-644! #### REPORT OF INDEPENDENT REGISTERED PUBLIC ACCOUNTING FIRM To the Board of Directors and Member of Ascendant Financial Partners, LLC We have reviewed management's statements, included in the accompanying Rule 15c3-3 Exemption Report pursuant to SEC Rule 17a-5, in which (1) Ascendant Financial Partners, LLC (the Company) did not claim an exemption under paragraph (k) of 17 C.F.R. §240.1 5c3-3, and (2) the Company is iiling this Exemption Report relying on Footnote 74 of the SEC Release No. 34-70073 adopting amendments to 17 C.F.R. § 240.17a-5 because the Company limits its business activities exclusively to receiving transaction-based compensation for identifying potential merger and acquisition opportunities for clients and capital raising from institutional investors. In addition, the Company did not directly or indirectly receive, hold, or otherwise owe funds or securities for or to customers, other than money or other consideration received and promptly transmitted in compliance with paragraph (a) or (b)(2) of Rule 15c2-4 and/or funds received and promptly transmitted for effecting transactions via subscriptions on a subscription way basis where the funds are payable to the issuer or its agent and not to the Company; did not carry accounts of or for customers; and did not carry PAB accounts (as defined in Rule 15c3-3) throughout the most recent fiscal year without exception. Ascendant Financial Partners, LLC's management is responsible for compliance with the provisions contemplated by Footnote 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 Ascendant Financial Partners, LLC's compliance with the exemption provisions. A review is substantially less in scope than an examination, the objective of which is the expression of an opinion on management's statements. Accordingly, we do not express such an opinion. Based on our review, we are not aware of any material modifications that should be made to management's statements referred to above for them to be fairly stated, in all material respects, based upon the Company's business activities contemplated by Footnote 74 of the SEC Release No. 34-70073 adopting amendments to i 7 C.F.R. § 240.1 ?a-5, and related SEC Staff Frequently Asked Questions. Ohab and Company, PA Maitland, Florida March 3, 2025 {15}------------------------------------------------ ![](_page_15_Picture_0.jpeg) Member FINRA/SIPC ## **Exemption Report** **Ascendant Financial Partners, LLC** (the "Company") is a registered broker-dealer subject to Rule 17a-5 promulgated by the Securities and Exchange Commission (17 C.F.R. §240. l 7a-5, "Reports to be made by certain brokers and dealers"). This Exemption Report was prepared as required by 17 C.F.R. §240.l 7a-5( d)(l) and ( 4). To the best of its knowledge and belief, the Company states the following: (1) The Company does not claim an exemption under paragraph (k) of 17 C.F.R. § 240. 15c3-3, and (2) The Company is filing this Exemption Report relying on Footnote 74 of the SEC Release No. 34-70073 adopting amendments to 17 C.F.R. § 240.l 7a-5 because the Company limits its business activities exclusively to receiving transaction-based compensation for identifying potential merger and acquisition opportunities for clients and capital raising from institutional investors, and the Company did not directly or indirectly receive, hold, or otherwise owe funds or securities for or to customers, ( other than money or other consideration received and promptly transmitted in compliance with paragraph (a) or (b)(2) of Rule 15c2-4 and/or funds received and promptly transmitted for effecting transactions via subscriptions on a subscription way basis where the funds are payable to the issuer or its agent and not to the Company); (2) 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. Ascendant Financial Partners, LLC I, Susan Wyka true and correct. , swear ( or affirm) that, to my best knowledge and belief, this Exemption Report is -~V"~ **By:** / Title: Chief Executive Officer **2/6/25** Source: SEC EDGAR via Adviser Search (https://search.stillhousedata.com). Agents: see https://search.stillhousedata.com/llms.txt.