Full text of CAPITAL & ESTATE MANAGEMENT, INC.'s X-17A-5 filed 2026-03-04 (period 2025-12-31). Broker-dealer annual report from SEC EDGAR — readable, searchable, and available as markdown for AI agents.
{0}------------------------------------------------ # **CAPITAL** & **ESTATE MANAGEMENT, INC.** FINANCIAL STATEMENTS AND INDEPENDENT AUDITORS' REPORTS DECEMBER 31, 2025 {1}------------------------------------------------ # CAPITAL & ESTATE MANAGEMENT, INC. INDEX TO FINANCIAL STATEMENTS DECEMBER 31, 2025 | | Page Number | |----------------------------------------------------------------------------------------------------------------------------------------------------------------------|-------------| | FACING PAGE TO FORM X-17A-5 | 2 | | AFFIRMATION OF STOCKHOLDER | 3 | | REPORT OF INDEPENDENT REGISTERED PUBLIC ACCOUNTING FIRM | 4 | | FINANCIAL STATEMENTS | | | Statement of Financial Condition | 5 | | Statement of Income | 6 | | Statement of Changes in Stockholder's Equity | 7 | | Statement of Cash Flows | 8 | | Notes to the Financial Statements | 9-<br>14 | | SUPPLEMENTAL INFORMATION PURSUANT TO RULE 17a-5 | 15 | | Computation of Net Capital Under Rule 15c3-1<br>of the Securities Exchange Act of 1934 | 16 | | Supplemental Information Pursuant to Rule 15c3-3<br>of the Securities Exchange Act of 1934 | 17 | | REPORT OF INDEPENDENT REGISTERED PUBLIC ACCOUNTING FIRM<br>FOR A BROKER-DEALER CLAIMING AN EXEMPTION | 18 | | EXEMPTION REPORT | 19 | | REPORT OF INDEPENDENT REGISTERED PUBLIC ACCOUNTING FIRM ON<br>APPL YING AGREED UPON PROCEDURES RELATED TO AN ENTITY'S<br>CLAIM FOR EXCLUSION FROM MEMBERSHIP IN SIPC | 20-<br>21 | | SCHEDULE OF FORM SIPC-3 REVENUES FOR THE YEAR ENDED<br>DECEMBER 31, 2025 | 22 | | FORM SIPC-3 FY 2025 | 23 | {2}------------------------------------------------ # UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 # **ANNUAL REPORTS FORM X-17A-5 PART Ill** | 0MB Number: 3235-0123 | | |----------------------------|--| | Expires: Nov. 30, 2026 | | | Estimated 11\/erage burden | | | hours per response: 12 | | | SEC FILE NUMBER | | |-----------------|--| | 008-68039 | | FAONG PAGE Information Required Pursuant to Rules 17a-5, 17a-12, and 1Ba-7 under the Securities Exchange Act of 1934 | FILING FOR THE PERIOD BEGINNING | ---------<br>/01/2025<br>01 | AND ENDING | ----------<br>12/31/2025 | | | |---------------------------------|-----------------------------|------------|--------------------------|--|--| | | MM/DD/YY | | MM/DD/YY | | | | | | | | | | **A. REGISTRANT IDENTIFICATION** NAME oF FIRM: Capital & Estate Management, Inc. TYPE OF REGISTRANT (check all applicable boxes): [!I Broker-dealer D Security-based swap dealer D M…Read the full text as markdown