# ACCORD CAPITAL PARTNERS LLC X-17A-5 (2026-03-31) — Broker-dealer annual report - Company: ACCORD CAPITAL PARTNERS LLC - Form: X-17A-5 - Filed: 2026-03-31 - Period: 2025-12-31 - Accession: 0001565138-26-000002 - CIK: 1565138 - File #: 8-69217 - Type: Broker-dealer - Material weakness: No - Auditor: DeMarco Sciaccotta Wilkens & Dunleavy, LLP - Auditor location: Frankfort, IL - Contact: Desi Co - Phone: 415-999-0574 - Email: dco@accord-group.net - Website: accord-group.net - Signed by: Desi Co (Managing Partner) Original filing: https://www.sec.gov/Archives/edgar/data/1565138/000156513826000002/accord2025auditshort1.pdf --- {0}------------------------------------------------ | | 01/01/25 | 12/31/25 | | |--------------------------------------------|-----------------------------|----------------------|-------| | | | | | | | | | | | | Accord Capital Partners LLC | | | | | | | | | | | | | | 240 Stockton Street, 7th Floor | | | | | | | | | | San Francisco | CA | | 94108 | | | | | | | | | | | | Desiderio Co | (415) 999-0574 | dco@accord-group.net | | | | | | | | | | | | | DeMarco Sciaccotta Wilkens & Dunleavy, LLP | | | | | | | | | | 20646 Abbey Woods Ct N, Suite 201 | Frankfort | IL | 60423 | | | | | | | 12/01/2010 | | 5376 | | | | | | | | | | | | {1}------------------------------------------------ Desi Co Accord Capital Partners LLC December 31 025 Managing Partner - - - - - - - - - - - - - - - - - - - - - - - - - - - {2}------------------------------------------------ # **Accord Capital Partners LLC** Statement of Financial Condition December 31, 2025 {3}------------------------------------------------ #### TABLE OF CONTENTS | | Page No. | |---------------------------------------------------------|----------| | Report of Independent Registered Public Accounting Firm | 1 | | Statement of Financial Condition | 2 | | Notes to Financial Statement | 3 - 5 | {4}------------------------------------------------ ![](_page_4_Picture_0.jpeg) #### REPORT OF INDEPENDENT REGISTERED PUBLIC ACCOUNTING FIRM Member of Accord Capital Partners LLC #### **Opinion on the Financial Statement** We have audited the accompanying statement of financial condition of Accord Capital Partners 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 Accord Capital Partners LLC 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. 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 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. We have served as Accord Capital Partners LLC's auditor since 2025. Frankfort, Illinois March 26, 2026 {5}------------------------------------------------ # ACCORD CAPITAL PARTNERS LLC Statement of Financial Condition December 31, 2025 \_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_ # ASSETS | Assets | | |----------------------------------------------------------------|-----------------| | Cash | \$
107,340 | | Accounts receivable, net of allowance for credit losses of \$0 | 2,014,591 | | | | | Total assets | \$
2,121,931 | | | | | LIABILITIES AND MEMBER'S EQUITY | | | | | | Liabilities | | | Accounts payable | 19,200 | | Total liabilities | 19,200 | | | | | Member's equity | 2,102,731 | | | | | Total liabilities and member's equity | \$
2,121,931 | The accompanying notes are an integral part of these financial statements. {6}------------------------------------------------ # ACCORD CAPITAL PARTNERS LLC Notes to Financial Statement December 31, 2025 \_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_ ### 1. Nature of Business and Summary of Significant Accounting Policies #### Nature of business Accord Capital Partners LLC (the "Company") is a Delaware limited liability company formed on October 31, 2012. The Company is a single member limited liability company wholly owned by Accord Group Holdings LLC ("AGH"). The Company is registered with the Securities and Exchange Commission as a fully disclosed broker-dealer and is a member of the Financial Industry Regulatory Authority ("FINRA"). The Company provides private placement and advisory services. The Company receives support from AGH for such items as personnel salaries and benefits, accounting and information technology services, office equipment, and other miscellaneous overhead expenses (see Note 4). The financial results of the Company may have been significantly different absent this relationship with the affiliated company. # Accounts receivable Accounts receivable consists of consulting and advisory fees receivable as well as sales commissions receivable from clients. The Company uses the allowance method to account for credit losses. Based on historical write-offs, overall economic conditions, and an evaluation of the current aging status of its receivables, the Company has established an allowance for credit losses at a level considered to be adequate to cover anticipated lifetime credit losses on outstanding client receivables. Accounts are monitored by management on an ongoing basis and are written off by the Company when it has been determined that all available collection avenues have been exhausted. Recoveries are included in income as realized. As of December 31, 2025, management did not consider an allowance for credit losses necessary as all balances were considered collectible. # Cash The Company maintains cash in a federally insured banking institution. The Company has not experienced any losses on this account and does not believe it is exposed to any significant credit risk with respect to cash balances held in this banking institution. #### Income taxes The Company is a single-member limited liability company for federal and state income tax purposes. Under laws pertaining to income taxation of limited liability companies, no federal income tax is paid by the Company. The income or loss of the Company is taxed to the member in its respective return. Accordingly, no provision for income taxes besides the \$800 minimum California state franchise tax and the LLC tax which varies based on gross receipts of the Company are reflected in the accompanying financial statements. {7}------------------------------------------------ # ACCORD CAPITAL PARTNERS LLC Notes to Financial Statement December 31, 2025 \_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_ ### 1. Nature of Business and Summary of Accounting Policies (continued) The Company evaluates its tax positions taken or expected to be taken in the course of preparing tax returns to determine whether the tax positions are "more-likely-than-not" of being sustained by the applicable tax authority. Tax positions not deemed to meet the "more-likely-than-not" threshold are recorded as an expense in the applicable year. As of December 31, 2025, the Company does not have any significant uncertain tax positions for which a reserve would be necessary. # Use of 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 financial statements and the reported amounts of revenues and expenses during the reporting period. Actual results could differ from those estimates. #### 2. Net Capital Requirements Pursuant to the net capital provisions of the U.S. Securities and Exchange Commission Uniform Net Capital Rule (SEC Rule 15c3-1), the Company is required to maintain minimum net capital of the greater of \$5,000 or the ratio of aggregate indebtedness to net capital, as defined. The ratio of aggregate indebtedness (as defined) to net capital shall not exceed 15 to 1. The rule of the "applicable" exchange also provides that equity capital may not be withdrawn or cash dividends paid if the resulting net capital ratio would exceed 10 to 1. Net capital and the related ratio of aggregate indebtedness to net capital may fluctuate on a daily basis. As of December 31, 2025, the Company had net capital of \$88,140, which was \$83,140 in excess of its required net capital of \$5,000. Assets totaling \$2,014,591 were excluded from the calculation of the Company's net capital as they are classified as non-allowable assets. The Company's ratio of aggregate indebtedness to net capital was 21.78% as of December 31, 2025. #### 3. Exemption from Rule 15c3-3 The Company does not claim an exemption from Rule 15c3-3 of the U.S. Securities and Exchange Commission act of 1934, in reliance on footnote 74 to SEC Release 34-70073. The Company does not hold funds or securities for customers, and it promptly transmits all funds and delivers all securities in connection with its activities as a broker or dealer. #### 4. Expense Sharing Agreement The Company receives support from AGH for such items as personnel salaries and benefits, accounting and information technology services, office equipment and other miscellaneous overhead expenses. The Company is charged a monthly fee that is dependent upon the level of personnel support required by the Company; for the year ended December 31, 2025, monthly fees {8}------------------------------------------------ # ACCORD CAPITAL PARTNERS LLC Notes to Financial Statement December 31, 2025 \_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_ ### 4. Expense Sharing Agreement (continued) were based on the prior year actual fee, and adjusted at year-end to the Company's proportionate share of actual expenses incurred by AGH. The Company's share of operating expenses under the expense sharing agreement totaled \$1,773,026 for the year ended December 31, 2025. ### 5. Concentrations The Company had accounts receivable from three major customers that accounted for approximately 97% of total accounts receivable as of December 31, 2025. A major customer for accounts receivable concentrations is defined as a customer responsible for 10% or more of accounts receivable. #### 6. Segment Information The Company evaluated the requirements of FASB ASC Topic 280, *Segment Reporting*, as amended by ASU 2023-7. The Company has identified its Chief Executive Officer as the Chief Operating Decision Maker ("CODM") for purposes of this guidance. The company conducts a single line of business as a fully disclosed broker-dealer, providing private placement, strategic advisory, and capital-raising services. These activities exhibit similar economic characteristics, rely on the same personnel and operating infrastructure, and are managed together as an integrated set of services. The Company does not operate separate business units, and management does not prepare or rely on discrete financial information at a level below the Company as a whole. The CODM evaluates operating performance and resource allocation based on Company-wide financial information, including net income (loss) and total assets as presented in the accompanying financial statements. The CODM also monitors excess net capital, which is used for regulatory capital management and member-distribution decisions; however, excess net capital is not a measure of segment profitability. Based on these considerations, management determined that the Company operates as one reportable segment under ASC Topic 280. Accordingly, the segment-level disclosure requirements of this guidance are not applicable. #### 7. Subsequent events The Company has evaluated the need for other disclosures or adjustments resulting from subsequent events through March 26, 2026, the date the financial statements were available to be issued. Subsequent to December 31, 2025, and through the date of this report, no events were identified that would require further disclosure. Source: SEC EDGAR via Adviser Search (https://search.stillhousedata.com). Agents: see https://search.stillhousedata.com/llms.txt.