# EUROPEAN FAMILY OFFICE INSTITUTE LLC. X-17A-5 (2026-04-01) — Broker-dealer annual report - Company: EUROPEAN FAMILY OFFICE INSTITUTE LLC. - Form: X-17A-5 - Filed: 2026-04-01 - Period: 2025-12-31 - Accession: 0001690834-26-000001 - CIK: 1690834 - File #: 8-69871 - Type: Broker-dealer - Material weakness: No - Auditor: Mercurious - Auditor location: Boca Raton, FL - Contact: George P. Simon - Phone: 5617151231 - Email: drgpsimon@gmail.com - Website: masllp.com - Signed by: George P. Simon (CEO) Original filing: https://www.sec.gov/Archives/edgar/data/1690834/000169083426000001/2025auditfilecomp2.pdf --- {0}------------------------------------------------ ## **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 average burden | | | hours per response: 12 | | SEC FILE NUMBER | | FACING PAGE | | | |---------------------------------------------------------------------------------------------------------------------------------------|------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|--------------------------------------------|---------------------| | | Information Required Pursuant to Rules 17a-5, 17a-12, and lSa-7 under the Securities Exchange Act of 1934 | | | | FILING FOR THE PERIOD BEGINNING O 1/01/2025 | | AND ENDING 12/31/2025 | | | | MM/DD/VY | | MM/DD/VY | | | A. REGISTRANT IDENTIFICATION | | | | | NAMEoF FIRM: European Family Office Institute LLC | | | | TYPE OF REGISTRANT (check all applicable boxes):
[!} Broker-dealer
D Check here if respondent is.also an OTC derivatives dealer | D Security-based swap dealer | D Major security-based swap participant | | | | ADDRESS OF PRINCIPAL PLACE OF BUSINESS: (Do not use a P.O. box no.) | | | | 2299 NW 4th Ave | | | | | | (No. and Street) | | | | Boca Raton | Florida | | 33431 | | (City) | (State) | | (Zip Code) | | PERSON TO CONTACT WITH REGARD TO THIS FILING | | | | | George P Simon | 561-715-1231 | | drgpsimon@gmail.com | | (Name) | (Area Code-Telephone Number) | ( Email Address) | | | | B. ACCOUNTANT IDENTIFICATION | | | | | INDEPENDENT PUBLIC ACCOUNTANT whose reports are contained in this filing* | | | | | (Name - if individual, state last, first, and middle name) | | | | A-94/8, Wazirpur Industrial Area | New Delhi | India | 110052 | | (Address) | (City) | (State) | (Zip Code) | | (Date of Reeistration with PCAOB)(if applicable) | FOR OFFICAL USE ONLY | (PCAOB Registration Number, if aoolicable) | | | CFR 240.17a-S(e)(l)(ii), if applicable. | • 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
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** 1, George P Simon swear (or affirm) that, to the best of my knowledge and belief, the financial report pertaining to the firm of European Family Office Institute LLC as of 03/31 2~ 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. ## This **filing\*\* contains (check all applicable boxes):** - ii (a) Statement of financial condition. - ii (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). - ii (d) Statement of cash flows. - ii (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. - ii (g) Notes to consolidated financial statements. - D (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. - □ 0) 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 B to 17 CFR 240.15c3-3 or Exhibit A to 17 CFR 240.18a-4, as applicable. - □ (I) Computation for Determination of PAB Requirements under Exhibit A to§ 240.1Sc3-3. - □ (m) Information relating to possession or control requirements for customers under 17 CFR 240.1Sc3-3. - □ (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. - ii ( 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. - D (r) Compliance report in accordance with 17 CFR 240.17a-5 or 17 CFR 240.18a-7, as applicable. - ii (s) Exemption report in accordance with 17 CFR 240.17a-5 or 17 CFR 240.18a-7, as applicable. - ii {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. - D (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-S or 17 CFR 240.18a-7, as applicable. - D (x) Supplemental reports on applying agreed-upon procedures, in accordance with 17 CFR 240.15c3-1e 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). □ (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. ![](_page_1_Picture_35.jpeg) {2}------------------------------------------------ ![](_page_2_Picture_0.jpeg) **+9111 4559 6689** info@masllp.com www.masllp.com ## **Report of the Independent Registered Public Accounting Firm** To The Member of European Family Office Institute, LLC ## **Opinion on the Financial Statements** We have audited the accompanying statement of financial condition of European Family Office Institute, LLC (the "Company") as of December 31, 2025 and the related statement of operations, changes in Member's 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 the Company as ofDecember 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 the Company'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 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 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. ## **Supplemental Information** The supplementary information contained in Schedule I, Computation of net capital under Rule I 5c3-1 of the Securities and Exchange Commission, Schedule II, Computation for Determination of Customer Account Reserve of Brokers and Dealers Under Rule 15c3-3 of the Securities and Exchange Commission, and Schedule III, Information Relating to Possession or Control Requirements Under Rule 15c3-3 of the Securities and Exchange Commission has been subjected to audit procedures performed in conjunction with the audit of Company's financial statements. The supplemental information is the responsibility of the Company'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 Rule 17 C.F.R. §240. 17a-5. In our opinion, the supplemental information contained in schedule I, II and III is fairly stated, in all material respects, in relation to the financial statements as a whole. ## **Mercurius** & **Associates LLP** We have served as Company's Auditor since 2025. New Delhi, India Date: 03/31/2026 ![](_page_2_Picture_16.jpeg) {3}------------------------------------------------ # EUROPEAN FAMILY OFFICE INSTITUTE LLC FINANCIAL STATEMENTS AND SCHEDULES For the **Year** Ended December 31, **2025** With Report of Independent Registered Public Accounting Firm {4}------------------------------------------------ # **EUROPEAN FAMILY OFFICE INSTITUTE LLC STATEMENT OF FINANCIAL CONDITION December 31, 2025** | ASSETS | | Amounts | | |--------------------------------------------------------------------|----|---------|--| | Cash | \$ | 7,126 | | | Prepaid expenses | \$ | 1,365 | | | Other Assets and deposits | \$ | 545 | | | Total assets | \$ | 9,036 | | | LIABILITIES AND MEMBER'S EQUITY
Liabilities
Accounts payable | \$ | 450 | | | Member's equity | \$ | 8,586 | | | Total liabilities and member's equity | \$ | 9,036 | | {5}------------------------------------------------ # **EUROPEAN FAMILY OFFICE INSTITUTE LLC STATEMENT OF OPERATIONS For the Year Ending December 31, 2025** | REVENUES | \$ | |-------------------------------|---------------------------| | EXPENSES | | | Technology and communications | \$
2,697 | | Insurance Expenses | \$
414 Refer AJE-2 | | Professional fees | \$
3,603 Refer AJE -1 | | Other | \$
1,768 Refer AJE-3 | | Total expenses | \$
----------
8,482 | | NET LOSS | (8,482) | The accompanying notes are an integral part of these financial statements. {6}------------------------------------------------ # **EUROPEAN FAMILY OFFICE INSTITUTE LLC STATEMENT OF CHANGES** IN **MEMBER'S EQUITY For the Year Ending December 31, 202S** | Balance, January 0 1, 2025 | \$
8,215 | |----------------------------|--------------| | Contributions | \$
9,853 | | Distributions | \$
-1,000 | | Net Loss | \$
-8,482 | | Balance, December 31, 2025 | \$
8,586 | The accompanying notes are an integral part of these financial statements. {7}------------------------------------------------ # **EUROPEAN FAMILY OFFICE INSTITUTE LLC STATEMENT OF CASH FLOWS For the Year Ending December 31, 2025** # **CASH FLOWS FROM OPERATING ACTMTIBS:** | Net Loss | \$
-8,482 | |-----------------------------------------------------------------------------|--------------| | Adjustments to reconcile net loss to net cash used in operating activities: | | | Increase in prepaid expenses, deposits and Other Assets | \$
-1,109 | | Net cash used in operating activities | \$
-9,591 | | CASH FLOWS FROM FINANCING ACTMTIBS: | | | Contributions | \$
9,853 | | Distributions | \$
-1,000 | | Net cash provided by financing activities | \$
8,853 | | NET DECREASE IN CASH | \$
-738 | | CASH: | | | Beginning of year | \$
7,864 | | End of year | \$
7,126 | | | | The accompanying notes are an integral part of these financial statements. {8}------------------------------------------------ ## **EUROPEAN FAMil, Y OFFICE INSTITUTE LLC** # **SCHEDULE** I **COMPUTATION OF NET CAPITAL UNDER RULE 15c3-1 OF THE SECURITIES AND EXCHANGE COMMISSION December 31, 2025** | Net Capital | | | |---------------------------------------------------------------------------------------|-------|---------| | Total member's equity qualified for net capital | \$ | 8,586 | | Prepaid expenses and deposits | | (1,909) | | Net capital before haircuts | | 6,676 | | Less haircuts | | | | Net capital | | 6,676 | | Minimum net capital required (greater of \$5,000 or 6 2/3% of aggregate indebtedness) | \$ | 5,000 | | Excess net capital | \$ | 1,676 | | Aggregate Indebtedness:
Liabilities | \$ | 450 | | Minimum net capital based on aggregate indebtedness | \$ | 30 | | Ratio of aggregate indebtedness to net capital | 6.74% | | ## RECONCILIATION WITH COMPANY'S COMPUTATION OF NET CAPITAL INCLUDED IN PART IlA OF FORM X-17A-5 AS OF DECEMBER 31, 2025 There was no material difference between net capital in Part 11A of Form X-17 A-5 and net capital above. {9}------------------------------------------------ #### EUROPEAN FAMILY OffiCE INS1'11'UTE LLC NOTES TO FINANCIAL5rATEMENTS December 31, 2025 #### Note l • NATURE OF ORGANIZATION European Family Office Institute LLC (the "Company"), a Florida~ Liabilily Company organized in August 2014, is a securities broker-dealer regi-..1 with the Securities and Exchange Commission ("SEC") and is a member of the Financial Industry ~ Authority ("FINRA "). As a limited liabiliiy company, the member's liabiliiy is limited to his investment. The Company is approved to operate as a "general securities" bmker-dealer executing trades forinstitutional and relail custorneis. The Company does not carry custo!Mr accounts or perform custodial functions relating to customer securities. Notes 2 • **SUMMARY** OF SIGNIFICANT ACCOUNTING POLICIES ## a. Accounting Method The financial statements are prepared using the accrual method of accounting. The Company has elected a December 31 fiscal year-end. #### b. Use of Estimates Management uses estimates and assumptions in pn,paring financial statements in accordance with generally accepted accounting principles. Those estimates and assumptions affect the reported amounts of assets, liabilities, revenues and expenses. Actual results oould \l8IY from the estimates that were assumed in.preparing the financial statements. #### c. Cash and Cash Equivalents The Company considers all cash and money marlcet instruments with a maturity of nindy dll)'S or less to be cash and cash equivalents. The Company maintains its cash and cash equivalents deposits in high credit quality financial insututions. Balances at times may exceed federally insured limits #### d Concentrations of Credit Risk The Company maintains its cash in federally insured bank accounts. The Company's accounts are all within the FDIC insurance limits. As such, the Company does not anticipate any losses on its cash accounts. #### o. Revenue Revenue Recognition: Revenue from Contracts with Customers (ASC 606) core principle states that an ontiiy must recognize revenue in a manner that depicts the transrer of the pmmised goods or services to customers in **an** amount that reBects the consideration to which the entily expects to be entided in exchange for those goods **and** services. Induded among the requirements of ASC 606 is that the ontily must appmpriately allocate revonuos to tho corresponding goods or services and recognize such revenues at the time when the entily bas satisfied its respective obligations. The rocognition and measurement of revenue is based **on** the assessment of the individual *conlrllct* terms. Sigoificantjudgment is required to determine whothe, perfonnance obligations are satisfied at a point in time or over time; how to allocate transaction prices where multiple perfonnance obligations are identified; when to recognize revenue based oo the appmpriate measure of the Company's progress under the oontract; \\iiother revenue should be presented gross or net of certain costs; and whothe, ccnstraints oo vallable coosiderslion should be applied due to uncertain future ewnts. #### f. Income Taxes:• The Company is a single member limited liability company and is considered a disregarded ontily for federal income tax reporting purposes and as such, does not file a separate income tax return. Therefore, the income or losses of the Company flow through to its member and no income taxes are recorded in the accompanying financial statements. The Company has adopted the provlslonsofFASB AccountingS1andards Codification 740-10, Accountiog for Uncertainly in Income Taxes. Uoder ASC 740-10, the Company is required to evaluate each of its tax positions to determine if they are more likely than not to be sustained if the taxing authority examines lhe respective position. A tax posilion includes an entity's status, including its status as a passthrough ontily, and lhe decision not to file a tax return. The Company has evaluated each of its tax positions and bas determined that no provision or liability for income taxes is necessary. #### g. Fair value of Financial lostruments:- The Company's financial instruments include cash and cash equivaleolS. The canying amounts of cash and cash equivalems approximate *fair* values because *of* the short term nature of those instruments. Accounting principles generally accepted in lhe United States (US GAAP) define fair value as the price that'the Company would receive upon selling an investment in an orderly transaction between marlcet participants. U.S. GAAP establishes a hierarchy that prioritizes inputs to valuation methods The three levels of input are as follows: Level I • Quoted prices in active marlcets for identical investments. Level 2 • Observable inputs, other than quoted prices, for similar investments in active marlcots and inputs other than quoted prices that are observable for the investment, such as inrerest rates, credit risk, yield curves, and similar data. Level 3 - Unobservable inputs. Level 3 may include financial instrumonts \\iiere there is little if any marlcet activily or \\iJose values require significant management, judgemon~ or estimation. #### NOTE 3. NET CAPITAL REQUDtEMENTS The Company is subject to the Securities and Exchalge Commission Uniform Net Capital Rule (Rule l5c3-1), which requires the mainlenance of minimum net capital and requires that the ratio of~ ~ 10 net capital. both as defined, shall not e,cceed 15 lo I. At December 3 I, 2025, the Company had net capital of \$6,676, whidl was \$1,676 more than its required net capital of\$5,000 and the ratio of aggregate indebtedness to net capital was 0.06 to 1.00. {10}------------------------------------------------ #### **NOTE 4- RELATED PARTY TRANSACTION** ## The Company op-.. &om office p,emises owned by its Member at oo C06t to the *Compony.* Financial positioo and resul1s of opemioos would differ from the amounts in the accompanying financials statements if this related pany transaction did not ..;.i\_ #### **NOTE 5-** CONTINGENCll'S The Company is subject to litigation in the nonnal course of business. The Company has oolitigationinprogressasofl>ecember31,2025 #### **NOTE 6** - **SEGMENT REPORTING** The Company has ooe reportable segmont: private placement of securities. The Company has identified its President as the chief operating decision maker ("CODM"), who uses net income or loss to evaluate the results of the business, predominantly in the foroca.51ing process, to manage the Company. Additionally, the COOM uses excess net capi181, which is not a measure of profit and loss, to make operatiooal decisions while maintaining capital adequacy, such as whether to reinvest profits or pay distnoutions. The Company's opemioos oonstitu1e a single operating segment and therefore, a single reportable segmen~ because the CODM manages the business activities using infonnation of the Company as a whole. The accounting policies used to measure the profit and Joss of the segment are the same as those described in the summaiy of significant accounting policies. #### **NOTE** 7 - **NET LOSS** The Company incurred **a** loss for the year ending Oec:ember 31, 2025 and was dependent upon capi181 ccntributions from its member for wooong capi181. The Company's member hasrepresentedthat he intends to oontinue making capital contnoutioos, as needeo, to ensure the Company'sswvivalthroughatleastoneyearsubsequenttothedateofthe report of the independent registered public accounting firm. Management mq,ects the Company to ccntinue as a going ooncem and the accompanying finaru:ial statements have been prepared on a going-concern basis without adjustments for realizatioo in the event the Company ceases to oontinue as a going concern. #### NOTE 8- **RESERVE** REQUIREMENTS The Company is e>