# REPUBLIC PARTNERS, LLC X-17A-5 (2026-02-18) — Broker-dealer annual report - Company: REPUBLIC PARTNERS, LLC - Form: X-17A-5 - Filed: 2026-02-18 - Period: 2025-12-31 - Accession: 0001653382-26-000004 - CIK: 1653382 - File #: 8-69677 - Type: Broker-dealer - Material weakness: No - Auditor: Ryan & Juraska LLP - Auditor location: Chicago, IL - Contact: Marlon Bevaun - Phone: 718-473-2753 - Email: rlevin@republicpartners.com - Website: republicpartners.com - Signed by: Robert S Levin (CEO) Original filing: https://www.sec.gov/Archives/edgar/data/1653382/000165338226000004/republicpartners2025.pdf --- {0}------------------------------------------------ UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 | ANNUAL REPORTS | |----------------| | FORM X-17A-5 | | PART III | | OMB APPROVAL | |---------------------------| | OMB Number: 3235-0123 | | Expires: Nov. 30, 2026 | | Estimated average burden | | pours per response:
12 | | SEC FILE NUMBER | | |-----------------|--| | 8-69677 | | | Information Required Pursuant to Rules 17a-5, 17a-12, and 18a-7 under the Securities Exchange Act of 1934 | FACING PAGE | | | | | | |---------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|--------------------------------|-----------------|-----------------------------|--|--|--| | FILING FOR THE PERIOD BEGINNING 01/01/25 | | | 12/31/25 | | | | | | MM/DD/YY | | MM/DD/YY | | | | | A. REGISTRANT IDENTIFICATION | | | | | | | | NAME OF FIRM: Republic Partners, LLC | | | | | | | | TYPE OF REGISTRANT (check all applicable boxes):
[ Security-based swap dealer Major security-based swap participant
Broker-dealer
Check here if respondent is also an OTC derivatives dealer | | | | | | | | ADDRESS OF PRINCIPAL PLACE OF BUSINESS: (Do not use a P.O. box no.) | | | | | | | | 2000 North Racine Ave., Suite 4700 | | | | | | | | | (No. and Street) | | | | | | | Chicago | | | 60614 | | | | | (City) | (State) | | (Zip Code) | | | | | PERSON TO CONTACT WITH REGARD TO THIS FILING | | | | | | | | Robert S. Levin | 773-236-8045 | | rlevin@republicpartners.com | | | | | (Name) | (Area Code - Telephone Number) | (Email Address) | | | | | | | B. ACCOUNTANT IDENTIFICATION | | | | | | | INDEPENDENT PUBLIC ACCOUNTANT whose reports are contained in this filing * | | | | | | | | Ryan & Juraska LLP | | | | | | | | (Name - if individual, state last, first, and middle name) | | | | | | | | 141 West Jackson Blvd., Suite 2250 Chicago | | = | 60604 | | | | | (Address) | (City) | (State) | (Zip Code) | | | | | 03/24/2009 | | 3407 | | | | | | (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 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}------------------------------------------------ #### OATH OR AFFIRMATION | Robert S. Levin | swear (or affirm) that, to the best of my knowledge and belief, the | | |-----------------|-------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|-------| | | financial report pertaining to the firm of REFULLIC PHETNERS, LLC | as of | | 12/31 | , 2 025 , is true and correct. I further swear (or affirm) that neither the company nor any | | | | приятия своима принистраниями продавания продательности меданиевские приследния приследния пристемент по средния продательно продательного продательного пострования по сельн | | partner, officer, director, or equivalent person, as the case may proprietary mierest in any account classified solely as that of a customer. Signature: Title: Managing Member & CEO #### 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 income 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} 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 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. - [ {p} Summary of financial data for subsidiaries not consolidated in the statement of financial condition. - (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. - [ [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 240.17a-5 or 17 CFR 240.18a-7, as applicable. - | {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 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. - [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 240.18a-7(d)(2), as applicable. {2}------------------------------------------------ **Financial Report with Supplemental Information December 31, 2025** {3}------------------------------------------------ | | Contents | | |------------------------------------------------------------------------------------------------------------------------------------------------------------------------|----------|--| | Report of Independent Registered Public Accounting Firm | 1 | | | Financial Statements | | | | Statement of Financial Condition | 2 | | | Statement of Operations | 3 | | | Statement of Changes in Members' Equity | 4 | | | Statement of Cash Flows | 5 | | | Notes to Financial Statements | 6-10 | | | Supplemental Information | | | | Computation of Net Capital under SEC Rule 15c3-1 | 12 | | | Computation for Determination of Reserve Requirements
Under SEC Rule 15c3-3 and Information relating to Possession
or Control Requirements under SEC Rule 15c3-3 | 13 | | | Report
of Independent Registered Public Accounting Firm
on
Exemption Report | 14 | | | Exemption Report | 15 | | {4}------------------------------------------------ ![](_page_4_Picture_0.jpeg) RYAN & JURASKA LLP ### REPORT OF INDEPENDENT REGISTERED PUBLIC ACCOUNTING FIRM To the Members of Republic Partners, LLC #### Opinion on the Financial Statements We have audited the accompanying statement of financial condition of Republic Partners, LLC (the "Company") as of December 31, 2025, the related statements of operations, changes in members' equity, and cash flows for the year then ended, and the related notes (collectively referred to as the "financial statements"). In our opinion, the financial statements present fairly, in all material respects, the financial position of Republic Partners, LLC as of December 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 Republic Partners, LLC's management. Our responsibility is to express an opinion on the Company'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 Republic 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 Supplemental Information (the "supplemental information") has been subjected to audit procedures performed in conjunction with the audit of Republic Partners, LLC's financial statements. The supplemental information is the responsibility of Republic 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, the Supplemental Information is fairly stated, in all material respects, in relation to the financial statements as a whole. We have served as Republic Partners, LLC's auditor since 2021. Chicago, Illinois February 2, 2026 {5}------------------------------------------------ ### **Statement of Financial Condition December 31, 2025** | Assets | | |-------------------------------------|-----------------| | Cash | \$
3,278,866 | | Receivables | 32,929 | | Deferred Contract Costs | 255,304 | | Prepaid Expenses | 88,639 | | Deposits | 3,915 | | Total Assets | \$
3,659,653 | | | | | Liabilities & Members' Equity | | | Accounts Payable | \$
44,965 | | Accrued Expenses | 36,822 | | Deferred Revenue | 475,000 | | Total Liabilities | 556,787 | | | | | Members' Equity | 3,102,866 | | | | | Total Liabilities & Members' Equity | \$
3,659,653 | {6}------------------------------------------------ \_ ### **Statement of Operations for the Year Ended December 31, 2025** | Total Revenue | | \$
10,038,750 | |-------------------------------|-----------|------------------| | Expenses | | | | Compensation | 5,389,945 | | | Professional Fees | 156,173 | | | Benefits | 227,092 | | | Travel, Meals & Entertainment | 96,796 | | | Office Lease | 61,391 | | | Business Intelligence | 47,835 | | | Compliance & Licensing | 91,591 | | | Insurance | 32,347 | | | Conferences | 43,275 | | | Other Expense | 97,430 | | | Total Expense | | 6,243,875 | | Income Before Other Income | | 3,794,875 | | Other Income | | | | Interest Income | | 82,677 | | Total Other Income | | 82,677 | | Net Income | | \$
3,877,552 | {7}------------------------------------------------ | | Equity
December 31, 2025 | Statement of Changes in Members'
for the Year Ended | | | |-----------------------------------------|-----------------------------|--------------------------------------------------------|--|--| | | | | | | | Beginning Balance as of January 1, 2025 | \$ | 2,372,399 | | | | Net Income | | 3,877,552 | | | | Distributions | | (3,147,085) | | | **Ending Balance as of December 31, 2025** \$ 3,102,866 {8}------------------------------------------------ ### **Statement of Cash Flows for the Year Ended December 31, 2025** | Cash Flows from Operating Activities | | |-------------------------------------------------------------------------|-----------------| | Net Income | \$
3,877,552 | | | | | Adjustments to reconcile Net Income to net cash provided by operations: | | | Change in Receivables | 136,563 | | Change in Deferred Contract Costs | 212,720 | | Change in Prepaid Expenses | (6,976) | | Change in Right of Use Asset | 58,772 | | Change in Accounts Payable | 34,923 | | Change in Deferred Revenue | (63,750) | | Change in Lease Obligation | (59,673) | | Change in Accrued Expenses | 23,991 | | Net Cash provided by operations | 4,214,122 | | Cash Flows used in Financing Activities | | | Distributions | (3,147,085) | | Net Cash used in financing activities | (3,147,085) | | Net Increase in Cash | 1,067,037 | | Cash - Beginning of Period | 2,211,829 | | Cash - End of Period | \$
3,278,866 | {9}------------------------------------------------ **Notes to Financial Statements December 31, 2025** #### **Note 1 - Nature of Business and Summary of Significant Accounting Policies** Republic Partners, LLC (the "Company") was formed May 29, 2013 and is organized as a limited liability company pursuant to the Limited Liability Company Act of the State of Illinois. There are three members of the Company. The Company's office is located in Chicago, Illinois and provides financial advisory services to closely held companies throughout the United States. Effective January 3, 2017, the Company became registered with the Securities and Exchange Commission (SEC) and became a member of the Financial Industry Regulatory Authority (FINRA) and the Securities Investor Protection Corporation (SIPC). As a registered broker-dealer, the Company provides financial advisory services in connection with mergers and acquisitions and placement agent services in connection with the private placement of securities. **Aspects of the Limited Liability Company –** As a limited liability company, the members' liability is limited to the capital invested. Under the operating agreement, the Company has two classes of member interests and the members' interests are in proportion to the number of units issued. Allocation of profit, losses and distributions is in accordance with the terms as defined in the operating agreement and the Class B Membership Interests Award Agreement. As of December 31, 2025, the Class A member equity is \$1,898,304 and the Class B members' equity is \$1,204,562. The owner of the Class A member equity is the CEO and Managing Member of the Company. The Company shall continue in perpetuity unless sooner terminated as defined in the operating agreement. **Accounting Policies –** The Company follows Generally Accepted Accounting Principles ("GAAP"), as established by the Financial Accounting Standards Board ("FASB"), to ensure consistent reporting of financial condition, results of operations, and cash flows. **Income Taxes** – The Company is treated as a partnership for income tax purposes. Consequently, federal income taxes are not payable by, or provided for, the Company. The Company has elected to be liable for the Illinois Pass-through Entity (PTE) tax. The PTE tax rate is equal to 4.95% of the taxable net income for the year. The Company has adopted FASB Accounting Standards Codification ("ASC") Topic 740, which provides guidance regarding how uncertain income tax positions should be recognized, measured, presented, and disclosed in the financial statements. FASB ASC Topic 740 prescribes a recognition threshold and measurement attribute for the financial statement recognition and measurement of a tax position taken or expected to be taken in a tax return. FASB ASC Topic 740 also provides guidance in de-recognition of tax benefits, classification on the balance sheet, interest and penalties, accounting in interim periods, disclosure, and transition. {10}------------------------------------------------ **Notes to Financial Statements December 31, 2025** ### **Note 1 - Nature of Business and Summary of Significant Accounting Policies – (continued)** **Income Taxes (continued)** – The Company evaluates tax positions taken on its tax return in accordance with accounting principles generally accepted in the United States of America ("GAAP"), which require that tax positions taken be more-likely-than-not to be sustained. Management has reviewed the Company's tax positions for the open tax years (current and prior three years) and concluded that no provision or benefit for income tax related to uncertain positions is required in the Company's financial statements. Such open tax years remain subject to examination by tax authorities. Penalties and interest, if any, assessed by income taxing authorities are included in operating expenses. **Cash** – The Company maintains its cash in a checking account in a financial institution which is insured by the Federal Deposit Insurance Corporation ("FDIC") up to \$250,000 per depositor. At December 31, 2025, the Company had cash which exceeded the balance insured by the FDIC by \$3,028,866. The Company has not experienced any losses in such accounts and believes it is not exposed to any significant credit risk on cash. **Revenue Recognition –** Revenue is realized from advisory fees for services provided in connection with the sale or purchase of an entity or as a percentage of the amount of privately placed securities in a financing event, the effect of which is to change the financial structure, control, or ownership of an entity. Revenue from retainers and advisory fees are recognized on the accrual basis, in accordance with Financial Accounting Standards Board Accounting Standards Codification ("ASC") Topic 606, Revenue from Contracts with Customers. Revenue is reported on the statement of operations as Total Revenue when the Company satisfies the performance obligation, occurring either upon the execution of closing documents or the termination of the advisory engagement. Under ASC Topic 606, an entity recognizes revenue when or as it transfers promised goods or services to a customer. A key part of the ASC Topic 606 framework is the concept that for some performance obligations, control is transferred over time, while for others, control is transferred at a point in time. The Company determines at contract inception whether each separate performance obligation will be satisfied over time or at a specific point in time. As the Company satisfies its performance obligations, the revenue will be recognized as earned. During the year ended December 31, 2025, the Company's Total Revenue of \$10,038,750 was comprised of Retainer Fee Income of \$578,750 and Service Fee Income of \$9,460,000. The Company evaluates its outstanding receivables for collectability and provides an allowance for doubtful accounts based on the specific circumstances of the delinquent account(s). At December 31, 2025, all accounts were considered collectible in full and there was no allowance for doubtful accounts required. {11}------------------------------------------------ **Notes to Financial Statements December 31, 2025** ### **Note 1 - Nature of Business and Summary of Significant Accounting Policies – (continued)** **Deferred Contract Costs –** Wages and other costs related to the fulfilment of a contract are capitalized to the extent they are explicitly reimbursable by the client and expensed when the related revenue is recognized. At December 31, 2025 the deferred contract cost was \$255,304. **Deferred Revenue –** Retainer Fee Income related to a contract is deferred to the extent that the related contract obligation has not be met. When the contract obligation has been met, or the contract has been terminated by either party to the contract, the revenue is recognized. At December 31, 2025, the deferred revenue was \$475,000. **Management Estimates –** The preparation of financial statements in conformity with GAAP requires management to make estimates and assumptions that affect the reported amounts of assets and liabilities and disclosure of contingent assets and liabilities as of the date of the financial statements and the reported amounts of revenue and expenses during the reporting period. Actual results could differ from those estimates. **Depreciation –** The Company provides for depreciation of furniture and equipment on the straight-line method based on the estimated lives of the assets ranging from three to seven years. As of December 31, 2025, all assets are fully depreciated. ### **Note 2 – Uniform Net Capital Rule** The Company is subject to the Securities and Exchange Commission's Uniform Net Capital Rule (SEC Rule 15c3-1), which requires the maintenance of Minimum Net Capital and requires a ratio of aggregate indebtedness to net capital, as defined, shall not exceed 15 to 1. As of December 31, 2025, the Company had net capital of \$2,722,079 of which \$2,684,960 was in excess of its required net capital of \$37,119. The Company's ratio of aggregate indebtedness to net capital was .20 to 1.0. ### **Note 3 – Leases** The Company executed an option to extend their lease obligation effective January 1, 2026 for office space through December 31, 2028. The Company has classified this lease as an operating lease. In accordance with ASC Topic 842, the Company will recognize a Lease Obligation as of January 1, 2026 of \$178,393 and a Right of Use Asset of \$178,393 on the statement of financial condition. The lease obligation is initially and subsequently recognized based on the present value of its future lease payments, calculated based on the Company's incremental borrowing rate, estimated at 5%. Lease cost for the lease payments is recognized on a straight-line basis over the lease term and the weighted average life remaining on the lease term is approximately 3 years. {12}------------------------------------------------ ### **Note 3 – Leases (continued)** Cash paid for office rent amounted to \$62,292 for the year ended December 31, 2025. Office Lease expense recognized amounted to \$61,391 for the year ended December 31, 2025. Payments due under the noncancelable operating lease are as follows: | 2026 | 58,850 | |------|---------| | 2027 | 66,120 | | 2028 | 68,100 | | | 193,070 | #### **Note 4 – Financial Instruments – Credit Losses** In June 2016, the FASB issued Accounting Standards Update ("ASU") No. 2016-13*, Financial Instruments-Credit Losses (Topic 326); Measurement of Credit Losses on Financial Instruments (ASU 2016-13)*. The new guidance broadens the information that an entity must consider in developing its estimated credit losses expected to occur over the remaining life of assets measured either collectively or individually to include historical experience, current conditions and reasonable and supportable forecasts. ASU 2016-13 replaces the existing incurred credit loss model with the current expected credit loss model. The Company has completed their analysis as of December 31, 2025, related to the above noted financial assets within the scope of ASC 326 and identified no material current expected credit loss to be recorded. #### **Note 5 – Major Customers** For the year ended December 31, 2025, 86% of the Company's Total Revenue was attributable to five clients, of 27%, 19%, 19%, 11%, 10%, respectively. #### **Note 6 – Contingencies** The Company is subject to litigation in the normal course of business. There was no litigation in progress as of December 31, 2025. {13}------------------------------------------------ **Notes to Financial Statements December 31, 2025** ### **Note 7 – Reportable Segment** Under FASB ASC 280, *Segment Reporting*, as amended by the FASB ASU 2023-07, *Segment Reporting (Topic 280): Improvements to Reportable Segment Disclosures*, the Company is engaged in a single line of business as a securities broker-dealer, which is comprised of one class of service, investment advisory services. The Company has identified its Managing Member and CEO as the chief operating decision maker ("CODM"), who uses net income to evaluate the results of the business, predominantly in the forecasting process, to manage the Company. Additionally, the CODM uses excess net capital (see Note 2), which is not a measure of profit and loss, to make operational decisions while maintaining capital adequacy, such as whether to reinvest profits or pay distributions. 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 are the same as those described in the summary of significant accounting policies. The concentration of revenue from external customers is referred to in Note 5. The Statement of Operations presents the segment revenue and significant expenses for the year ended December 31, 2025. ### **Note 8 – Subsequent Events** The Company's management has evaluated events and transactions through February 2, 2026, the date the financial statements were available to be issued, noting no material events requiring disclosure in the Company's financial statements, except the following: On January 19, 2026, 50% of the Class B membership interest was purchased by the Company for \$750,000. {14}------------------------------------------------ **Supplemental Information** {15}------------------------------------------------ ### **Computation of Net Capital under SEC Rule 15c3-1 December 31, 2025** | Total Members' Equity | \$
3,102,866 | |------------------------------------------------|-----------------| | Deductions and / or Changes | | | Non-allowable Assets | | | Receivables | (32,929) | | Deferred Contract Costs | (255,304) | | Prepaid Expenses | (88,639) | | Deposits | (3,915) | | Non-allowable Assets | (380,787) | | | | | Net Capital | 2,722,079 | | Net Capital Required | 37,119 | | Excess Net Capital | \$
2,684,960 | | Aggregate Indebtedness | 556,787 | | Ratio of Aggregate Indebtedness to Net Capital | .20 to 1.0 | There are no material differences between the audited Computation of Net Capital as of December 31, 2025, presented above, and the unaudited Form X-17A-5 Part II. {16}------------------------------------------------ **Computation for Determination of Reserve Requirements under SEC Rule 15c3-3 and Information relating to Possession or Control Requirements under SEC Rule 15c3-3** For the year ended December 31, 2025, the Company does not hold customer cash or securities; therefore, it is not affected by SEC Rule 15c3-3. {17}------------------------------------------------ ![](_page_17_Picture_0.jpeg) RYAN & JURASKA LLP #### REPORT OF INDEPENDENT REGISTERED PUBLIC ACCOUNTING FIRM To the Members of Republic Partners, LLC We have reviewed management's statements, included in the accompanying Republic Partners, LLC's Exemption Report, in which (1) Republic Partners, LLC (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. § 240.17a-5 because the Company limits its business activities exclusively to receiving transaction-based compensation for identifying potential merger and acquisition opportunities for clients, referring securities transactions to other broker-dealers, and the Company (1) did not directly or indirectly receive, hold, or otherwise owe funds or securities for or to customers; (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 ended December 31, 2025 without exception. Republic 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 the Company'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 17 C.F.R. § 240.17a-5, and related SEC Staff Frequently Asked Questions. Chicago, Illinois February 2, 2026 {18}------------------------------------------------ ### Republic Partners, LLC Exemption Report Republic 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. §240.17a-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: > The Company does not claim an exemption under paragraph (k) of 17 C.F.R. § 240. 15c3-3, and > 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. § 240.17a-5 because the Company limits its business activities exclusively to receiving transaction-based compensation for identifying potential merger and acquisition opportunities for clients, referring securities transactions to other broker-dealers, and the Company (1) did not directly or indirectly receive, hold, or otherwise owe funds or securities for or to customers; (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 ended December 31, 2025, without exception. ### Republic Partners, LLC I, Robert S. Levin, swear (or affirm) that, to my best knowledge and belief, this Exemption Report is true and correct. By: Title: Managing Member & CEO February 2, 2026 Source: SEC EDGAR via Adviser Search (https://search.stillhousedata.com). Agents: see https://search.stillhousedata.com/llms.txt.