# VIGILANT DISTRIBUTORS, LLC X-17A-5 (2026-02-26) — Broker-dealer annual report - Company: VIGILANT DISTRIBUTORS, LLC - Form: X-17A-5 - Filed: 2026-02-26 - Period: 2025-12-31 - Accession: 0001686268-26-000002 - CIK: 1686268 - File #: 8-69854 - Type: Broker-dealer - Material weakness: No - Auditor: Sanville & Company - Auditor location: Huntingdon Valley, PA - Contact: Patrick Chism - Phone: 4848407311 - Email: patrick@vigilantdistributors.com - Website: vigilantdistributors.com - Signed by: Patrick Andrew Chism (CEO) Original filing: https://www.sec.gov/Archives/edgar/data/1686268/000168626826000002/vdllcpublic1.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 | | | hours per response:
12 | | | | | MM/DD/YY # SEC FILE NUMBER 8-69854 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 01/01/2025 \_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_ MM/DD/YY A. REGISTRANT IDENTIFICATION NAME OF FIRM: Vigilant Distributors, LLC TYPE OF REGISTRANT (check all applicable boxes): □ 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.) | Jateway Corporate Center, Suite 216, 223 Wilmington West Chester Pike | |-----------------------------------------------------------------------| |-----------------------------------------------------------------------| | | (NU. anu Street) | | | | | |---------------------------------------------------------------------------------------------------------------------------------------------------------------|--------------------------------|-----------------|----------------------------------|--|--| | Chadds Ford | Pennsylvania | | 19317 | | | | (City) | (State) | | (Zip Code) | | | | PERSON TO CONTACT WITH REGARD TO THIS FILING | | | | | | | Patrick Chism | (484)840-3711 | | patrick@vigilantdistributors.com | | | | (Name) | (Area Code - Telephone Number) | (Email Address) | | | | | | B. ACCOUNTANT IDENTIFICATION | | | | | | INDEPENDENT PUBLIC ACCOUNTANT whose reports are contained in this filing*
Sanville & Company
(Name - if individual, state last, first, and middle name) | | | | | | | 2617 Huntingdon Pike | Huntingdon Valley PA | | 19006 | | | | (Address) | (City) | (State) | (Zip Code) | | | | September 18, 2003 | 169 | | | | | | (Date of Registration with PCAOB)(if applicable)
(PCAOB Registration Number, if applicable)
FOR OFFICIAL USE ONLY | | | | | | | * Claima for assomenti | | | | | | 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 an independent public CER 240 17=5/6)(1) if annlice) le 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}------------------------------------------------ #### R AFFIRMATION OATH OR fin s, LLC as of ear (or affirm) that, to the best of my knowledge and belief, the ancial report pertaining to the firm of Vigilant Distributor= 12/31 2025, is true and co I, Patrick Chism Swe -rrect. I further swear (or affirm) that neither the company nor any nay be, has any proprietary interest in any account classified solely partner, officer, director, or equivalent person, as the case as that of acustomer. n CEO Signature: Title: 00. ### This filing\*\* contains (check all aoplicahle hoxes): - (a) Statement of financial condition - - ensive income in the period(s) presented, a statement of tion S-X). (b) Notes to consolidated statement of financial condition. (c) Statement of income (loss) or, if there is other compreh comprehensive income (as defined in § 210.1-02 of Regulat (d) Statement of cash flowS - - ole proprietor's equity. (e) Statement of changes in stockholders' or partners' or sc (f) Statement of changes in liabilities subordinated to claim (g) Notes to consolidated financial statements. - s of creditors. - - 17 CFR 240.18a-1, as applicable. 17 crn (h) Computation of net canital under 17 CER 300101 - a-2. (i) Computation of tangible net worth under 17 CFR 240.18 (j) Computation for determination of customer reserve req (k) Computation for determination of security-based swap - uirements pursuant to Exhibit A to 17 CFR 240.15c3-3. - reserve requirements pursuant to Exhibit B to 17 CFR 240.15c3-3 or 4, as applcada Exhibit A to 17 CER 240 182 pplicabia - nder Exhibit A to § 240.15c3-3. (I) Computation for Determination of PAB Requirements ur - ents for customers under 17 CFR 240.15c3-3. (m) Information relating to possession or control requirem- (n) Information relating to possession or control requireme - ents for security-based swap customers under 17 CFR 1od-4, ds appncabie. 240 15c3-3(p)(2) or 17 CER 240 185 applio4 - me FOCUS Report with computation of net capital or tangible net CFR 240.18a-2, as applicable, and the reserve requirements under 17 ial differences exist, or a statement that no material differences (o) Reconciliations, including appropriate explanations, of th worth under 17 CFR 240.15c3-1, 17 CFR 240.18a-1, or 17 C CFR 240.15c3-3 or 17 CFR 240.18a-4, as applicable, if mater exist. - ted in the statement of financial condition. (p) Summary of financial data for subsidiaries not consolidat - 5, 17 CFR 240.17a-12, or 17 CFR 240.18a-7, as applicable. (4) Uath of attirmation in accordance with 17 CFR 240.17a-5 - or 17 CFR 240.18a-7, as applicable. (r) Compliance report in accordance with 17 CFR 240.17a-5 (s) Exemption report in accordance with 17 CFR 240.17a-5 o - r 17 CFR 240.18a-7, as applicable. - mination of the statement of financial condition. (t) Independent public accountant's report based on an exa - mination of the financial report or financial statements under 17 applicable. (U) Ihdependent public accountant's report based on an exа CFR 240.17a-5, 17 CFR 240.18a-7, or 17 CFR 240.17a-12, as a ☐(v) Independent public accountant's report based on an eха - mination of certain statements in the compliance report under 17 CFR 240.17a-5 or 17 CFR 240.18a-7, as applicable. - ew of the exemption report under 17 CFR 240.17a-5 or 17 (w)mdependent public accountant's report based on a CFR 240.18a-7, as applicable. revie - es, in accordance with 17 CFR 240.15c3-1e or 17 CFR 240.17a-12, ☐ (x) Supplemental reports on applying agreed-upon procedur as applicable. (y) Report doccribina - st or found to have existed since the date of the previous audit, R 240.17a-12(k). or (yy Report destnbing any materlal inadequacies found to exi a statement that no material inadequacies exist, under 17 CF (z) Other: filina. see 17 CFR 240 17a-5(e\(3) or 17 CER 240 18 7(7 applicable. \*\*To request confidential treatment of certain portions of this {2}------------------------------------------------ # Vigilant Distributors, LLC Financial Statements and Supplemental Schedules Pursuant to SEC Rule 17a-5 December 31, 2025 {3}------------------------------------------------ ![](_page_3_Picture_0.jpeg) #### TERED PUBLIC ACCOUNTING FIRM REPORT OF INDEPENDENT REGIST To the Member and Those Charged With Governance of Vigilant Distributors LLC ### Opinion on the Financial Statement ciples generally accepted in the United States of America. of December 31, 2025 in conformity with accounting prin material respects, the financial position of the Company as I condition of Vigilant Distributors, LLC (the "Company") ly referred to as the "financial statement") In our opinion the statement of financial condition presents fairly, in all We have audited the accompanying statement of financial as of December 31 2025 and the related notes (collectivE ### Basis for Opinion Our audit. We are a public accounting firm registered with 1 States) (PCAOB) and are required to be independent with ral securities laws and the applicable rules and regulations OB. npany's management. Our responsibility is to express an opinion on the Company's financial statement based on o the Public Company Accounting Oversight Board (Unitec respect to the Company in accordance with the U.S. fede of the Securities and Exchange Commission and the PРСA This financial statement is the responsibility of the Con ng. As part of our audit we are required to obtain an g but not for the purpose of expressing an opinion on the ncial reporting. Accordingly, we express no such opinion. s of the PCAOB. Those standards require that we plan and out whether the financial statement is free of material y is not required to have nor were we engaged to nerform an audit of its internal control over financial reportir understanding of internal control over financial reportin effectiveness of the Company's internal control over fina We conducted our audit in accordance with the standards perform the audit to obtain reasonable assurance abc misstatement whether due to error or fraud The Compan for our opinion. nd signincant estimates made by management, as well nent. We believe that our audit provides a reasonable basis as risks of material misstatement of the financial statement, es that respond to those risks. Such procedures included unts and disclosures in the financial statement. Our audit 11 also included evalualing the accountng principies used evaluating the overall presentation of the financial statem a Our audit included performing procedures to assess the whether due to error or fraud, and performing procedur examining, on a test basis, evidence regarding the amou la isludod aro # sanville and company We have served as the Company's auditor since 2017 Huntingdon Valley, Pennsylvania February 19, 2026 {4}------------------------------------------------ # viguant Distridutors, Table of Contents December 31, 2025 | ANNUAL AUDITED FOCUS REPORT FACING PA
GE
1-2 | |----------------------------------------------------| |----------------------------------------------------| #### LIC ACCOUNTING FIRM 3 REPORT OF INDEPENDENT REGISTERED PUBL ON THE FINANCIAL STATEMENTS ## FINANCIAL STATEMENTS | Statement of Financial Condition | 4 | |----------------------------------|-----| | Notes to Financial Statement. | 5-6 | {5}------------------------------------------------ # Statement of Financial Condition December 31, 2025 Vigilant Distributors. LLC ### Assets | Cash and cash equivalents
Prepaid expenses and other assets
Accounts receivable | \$ 851,131
79,007
1,039,925 | |---------------------------------------------------------------------------------------|-----------------------------------| | Total assets | \$ 1,970,063 | | Liobilitios ond Momhor's Fouity | | | Liabilities | | | Deferred income | \$
65,000 | | Due to affiliate | 5,966 | | Accounts payable and accrued expenses | 40,973 | | Commissions and fees payable | 1,059,488 | | Total liabilities | \$ 1,171,427 | | Member's Equity | 798,636 | | Total liabilities and member's equity | \$ 1,970,063 | {6}------------------------------------------------ # 1. Organization прапу conditions, including fluctuations in volume and price ch have an impact on the Company's liquidity. Regulatory Authority ("FINRA"). The Company was er dealer on May 15, 2017. The Company is wholly owned has agreed to operate as a limited purpose broker dealer ent comnanies andexchanoe traded funde The Comрany is nerly known as Herald Investment Marketing, LLC, is a egistered broker dealer with the Securities and Exchange a pimcιραι directly affected by general economic and market level of securities and changes in interest rates, whi Commission ("SEC") and the Financial Industry approved by FINRA to operate as a registered broke by Chadds Ford Investment Management, LLC. It which will act as a princinal underuriter for investnl Vigilant Distributors, LLC (the "Company"), forn Pennsylvania limited liability company that is a re ## 2. Summary of Significant Accounting Policies ### cies followed by the Compaапу: The following are the significant accounting pol ons, service fees and distribution fees are recognized when isfied. Revenue - Under ASC 606, mutual fund commissic earned and the performance obligation has been sat positions in accordance with accounting principles (GAAP). As of December 31, 2025, the Company did not ompany is no longer subject to examination by federal and er limited liability company and is considered to be a ne Code. Under this provision, the taxable income or loss is pany records no provision for federal income taxes. The state taxing authorities prior to 2017. Company recognizes and discloses uncertain tax generally accepted in the United States of America have liability for unrecognized tax benefits. The Cc Income taxes - The Company is a single memb disregarded entity as defined in the Internal Revenu taxed directly to the member. Accordingly, the Com zontingent assets and liabilities at the date of the financial and expenses during the reporting period. Actual results statements in conformity with U. S. generally accepted nake estimates and assumptions that affect the reported amounts of assets and liabilities and disclosure of statements and the reported amounts of revenues may differ from those estimates and assumptions. Use of estimates – The preparation of financial accounting principles requires management to m e Company has not experienced any loss in such accounts edit risk. related amount of federal depository insurance. The and believes it is not exposed to any significant cre cash accounts which are held at one bank, exceeded the Cash - At times during the year, the Company's has determined that there were no subsequent events impact of all subsequent events through the date the financial statements were available to be issued and requiring disclosure in these financial statements. Subsequent events - Management has evaluated the # د. Concentration of Credit Risk creditworthiness of client counterparties and issuers of is minimal, hence, no allowance for credit losses was ion activities in which counterparties are primarily mutual fulfill their obligations, the Company may be exposed to ness of the counterparty or issuer of the financial product. Under ASC 326, the Company has evaluated the financial products and determined that credit risk established for the year ended December 31, 2025 The Company is engaged in brokerage and distribut fund companies. In the event counterparties do not risk. The risk of default depends on the creditworthi {7}------------------------------------------------ ## 4. Net Capital Requirements 8,09J. Tme Company s net capiat rauo was 1.90 10 pital and requires that the ratio of aggregate indebtedness 5 to 1. Net capital and the related net capital ratio may 5 the Company had net capital of \$613,598 which was .8 005 Tho Coтпопdo not oonitol rotio g 1 00 to 1 bject to the SEC Uniform Net Capital Rule 15c3-1. This ss oI ts required net captar о Rule requires the maintenance of minimum net ca to net capital, both as defined, shall not exceed fluctuate on a daily basis. At December 31, 202 1 \$535 503 iп олоogg of ito roairod not oonitol of7 The Company is a member of the FINRA and is su #### 5. Transactions with Affiliates . Under the agreement the arrillate will allocate a portion benses to the Company. The affiliate will waive its charges ntly maintain its Net Capital. At December 31, 2025, the expenses that are directiy related to the Company of employee compensation, rent, and operating exp at its discretion to allow the Company to sufficie Company owed the affiliate \$5.966. g expenses of the Company with the exception of certain II.. 1 71 :1:JC :11 11 t (the "Agreement") with an affiliated company, Vigilant Compliance, LLC, that will pay all of the operatin 1:..1 ..1.4.1, The Company has an Expense Sharing Agreemen ## 6. Segment Reporting ake operational decisions while maintaining capital stribute capital to partners. pany has identified its CEO as the chiefoperating to evaluate the results of the business, predominantly in Additionally, the CODM uses excess net capital (see Note ess as a Limited Purpose broker-dealer, which is 4), which is not a measure of profit and loss, to ma adequacy, such as whether to reinvest profits or di comprised of several classes of services. The Com decision maker ("CODM"), who uses net income the forecasting process, to manage the Company. 4 The Company is engaged in a single line of busine rating segment and therefore, asingle reportable segment, es using information of the Company as a whole. The loss of the segment are the same as those described in the summary of significant accounting policies. The Company's operations constitute a single oper because the CODM manages the business activitie accounting policies used to measure the profit and ivities using the significant expense information The CODM manages the Company's business acti referenced in the statement of operations. # 7. Commitments and Contingencies are of any commitments, contingencies or guarantees that might result in loss or any future obligation. As of December 31, 2025, the Company is not aw. Source: SEC EDGAR via Adviser Search (https://search.stillhousedata.com). Agents: see https://search.stillhousedata.com/llms.txt.