# VISION 4 FUND DISTRIBUTORS LLC X-17A-5 (2026-07-08) — Broker-dealer annual report - Company: VISION 4 FUND DISTRIBUTORS LLC - Form: X-17A-5 - Filed: 2026-07-08 - Period: 2025-12-31 - Accession: 0001748035-26-000003 - CIK: 1748035 - File #: 8-70175 - Type: Broker-dealer - Material weakness: No - Auditor: Cropper Accountancy Corporation - Auditor location: Walnut Creek, CA - Contact: William Portwood - Phone: 4043174781 - Email: bill.portwood@v4fd.com - Website: v4fd.com - Signed by: William B. Portwood (CFO) Original filing: https://www.sec.gov/Archives/edgar/data/1748035/000174803526000003/2025annualauditv4fd1.pdf --- {0}------------------------------------------------ **UNITED STATES SECURmES AND EXCHANGE COMMISSION** Washington, **D.C. 20549 ANNUAL REPORTS FORM X-17A-5 PART** Ill **FACING PAGE** 0MB APPROVAL 0MB Number. 323~123 Expires: Nov. 30, 2026 Estimated average burden hours per response: 12 SEC FILE NUMBER 8-70175 **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 AND ENDING **12/31/2025** MM/DD/YY **A. REGISTRANT IDENTIFICATION** NAME oF FIRM: Vision 4 Fund Distributors, LLC TYPE OF REGISTRANT (check all applicable boxes): 0 Broker-dealer D Security-based swap dealer D Major security-based swap participant D O,eck here if respondent is also an OTC derivatives dealer ADDRESS OF PRINCIPAL PLACE OF BUSINESS: (Do not use a P.O. box no.) 9260 E. Raintree Drive Suite 100 (No. and Street) Scottsdale AZ 85260 (City) (State) (Zip Code) PERSON TO CONTACT WITH REGARD TO THIS FILING William B. Portwood 404-317-4781 bill.portwood@v4fd.com (Name) (Area Code - Telephone Number) (Email Address) **8. ACCOUNTANT IDENTIFICATION** INDEPENDENT PUBLIC ACCOUNTANT whose reports are contained in this filing\* Cropper Accountancy Corporation (Name - if individual, state last, first, and middle name) 2700 Ygnacio Valley Road Suite 270 Walnut Creek (Address) (City) CA (State) 3/4/2009 3381 94598 (Zip Code) r• of Reg;stratioo w"" PCAOB)(O ap•;~ble) **(PCAOB** ,\_, **Nwnb",** • a,e;~ble) I FOR OFFICIAL USE ONLY • Oaims 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 CFR 240.l7a•S(e)(l)(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 0MB control number. {1}------------------------------------------------ #### **OATH OR AFFIRMATION** | I, William B. Portwood | | | | swear {or affirm) that, to the best of my knowledge and belief, the | | | |------------------------|--------------------------------------------|----|-----------------------------------------------------------------------------------|---------------------------------------------------------------------|--|--| | 12/31 | financial report pertaining to the firm of | | | as of
VISion 4 Fund Distributors, LLC | | | | | | 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 a,; that oh custome,. Signatuce, g- -~-- Title: Cr6 Notary Public **This filin~\* contains (check all applicable boxes):** - **iii** (a) Statement of financial condition. - D (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). - **iii** (d) Statement of cash flows. - **iii** (e) Statement of changes.in stockholders' or partners' or sole proprietor's equity. - **iii** (f) Statement of changes in liabilities subordinated to claims of creditors. - **iii** (g) Notes to consolidated financial statements. - **iii** (h) Computation of net capital under 17 CFR 240.15c3-1 or 17 CFR 240.18a-1, as applicable. - D (i) Computation of tangible net worth under 17 CFR 240.18a-2. - **iii** G) Computation for determination of customer reserve requirements pursuant to Exhibit A to 17 CFR 240.15c3-3. - 0 (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. - D (I) Computation for Determination of PAB Requirements under Exhibit A to§ 240.15c3-3. - **iii** (m) Information relating to possession or control requirements for customers under 17 CFR 240.15c3-3. - D (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. - **iii** (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. - D (p) Summary of financial data for subsidiaries not consolidated in the statement of financial condition. - **iii** (q) Oath or affirmation in accordance with 17 CFR 240.17a-5, 17 CFR 240.17a-12, or 17 CFR 240.lSa-7, as applicable. - D (r) Compliance report in accordance with 17 CFR 240.17a-5 or 17 CFR 240.18a-7, as applicable. - e (s) Exemption report in accordance with 17 CFR 240.17a-5 or 17 CFR 240.18a-7, as applicable. - D (t) Independent public accountant's report based on an examination of the statement of financial condition. - !!I (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-5 or 17 CFR 240.18a-7, as applicable. - D (x) Supplemental reports on applying agreed-upon procedures, in accordance with 17 CFR 240.15c3-le or 17 CFR 240.17a-12, as applicable. - D (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). 0 (z) Other: \_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_ \_ - - .,.To request confidential treatment of certain portions of this filing, see 17 CFR 240.17a-S(e)(3) or 17 CFR 240.18a-7(d)(2), as applicable. {2}------------------------------------------------ ## **VISION 4 FUND DISTRIBUTORS, LLC** Financial Statements and Supplementary Information January 1, 2025 through December 31, 2025 {3}------------------------------------------------ ## **VISION 4 FUND DISTRIBUTORS, LLC TABLE OF CONTENTS** | Report of Independent Registered Public Accounting Firm | | |-------------------------------------------------------------------------------------------------------------------------------|-----| | Financial Statements: | | | Statement of Financial Condition | 2 | | Statement of Operations | 3 | | Statement of Changes in Member's Equity | 4 | | Statement of Changes in Cash Flows | 5 | | Statement of Changes in Liabilities Subordinated to Claims of Creditors | 6 | | Notes to Financial Statements | 7 | | Supplementary Information: | | | Computation ofNet Capital Under Rule 15c3-l of the Securities and Exchange Commission | IO | | Computation for Determination of Reserve Requirements Under Rule 15c3-3 of the Securities
and Exchange Commission | I I | | Information Relating to the Possession or Control Requirements Under Rule 15c3-3 of the
Securities and Exchange Commission | 11 | | Report of Independent Registered Public Accounting Firm | 12 | | SEC Rule 15c3-3 Report Exemption | 13 | {4}------------------------------------------------ ![](_page_4_Picture_0.jpeg) 2700 Ygnacio Valley Road, Ste 270 Walnut Creek. CA 94598 (925) 932-J860 tel (925) 476-9930 efax CE:R\_,.,,,.,e;o p\_,e1..:c ACCREPORT OF INDEPENDENT REGISTERED PUBLIC ACCOUNTING F~croppe!2ccoot7tancy.cam To the Member of Vision 4 Fund Distnbutors, LLC #### Opinion on the Financial Statements We have audited the accompanying statement of financial condition of Vision 4 Fund Distnoutors, LLC as of December 31, 2025, the related statements of operations, changes ID member's equity, cash flows, and changes in liabilities subordinated to clcrims of creditors for the year then ended, and the related notes and schedules ( collectively referred to as the "financial statements"). In our opinion, the financial statements present fairly, in all material respects, the financial position of Vision 4 Fund Distnoutors, 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 Vision 4 Fund Dism'butors, LLC's management Our responsibility is to express an opinion on Vision 4 Fund Distn'butors, LLC'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 IDdependent with respect to Vision 4 Fund Distn'butors, LLC ID 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. Tnose 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 rega:rcling the amounts and disclosures ID 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 contained in the Schedule of Computation of Net Capital Under Rule 15c3-I of the Securities and Exchange Commission, the Computation for Determination of Reserve Requirements Under Rule 15c3-3 of the Securities and Exchange Commission, and the 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 Vision 4 Fund Distn'butors, LLC's financial statements. The supplemental information is the responsibility of Vision 4 Fund Distn'butors, LLC's management. Our audit procedures included detennining 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. l ?a-5. In our opinion, the supplemental information is fairly stated, in all material respects, in relation to the financial statements as a whole. t\ *(* A i ( r. , , ~ 'I v~ ~ **~1** uvv~~Vv CROPPER ACCOUNT ANCY CORPORATION We have served as Vision 4 Fund Distn"butors, LLC 's auditor since 2019. Walnut Creek, California March 31, 2026 {5}------------------------------------------------ # **VISION 4 FUND DISTRIBlJTORS, LLC STATEMENT OF FINANCIAL CONDffiON DECEMBER 31, 2025** #### **ASSETS** | Cash and Cash Equivalents | \$
235,236 | |---------------------------------------|---------------| | Accounts Receivables | \$
676,311 | | Due from Related Party | \$
23,869 | | Total Current Assets | \$
935,416 | | TOTAL ASSETS | \$
935,416 | | LIABILITIES & MEMBERS' EQUITY | | | Current Liabilities: | | | Credit Card Payable | \$
40 | | Accounts Payable | \$
4,334 | | Total Current Liabilities | \$
4,374 | | Members' Equity | | | Retained Earnings | \$
931,042 | | Total Members' Equity | \$
931,042 | | TOTAL LIABILITIES AND MEMBER'S EQUITY | \$
935,416 | {6}------------------------------------------------ ## **VISION 4 FUND DISTRIBUTORS, LLC STATEMENT OF OPERATIONS FOR THE YEAR ENDED DECEMBER 31, 2025** | Revenue: | | |-------------------------------------------|-----------------| | Wholesaling and Referral Income | \$
4,896,820 | | Interest | 354 | | Total Revenue | 4,897,174 | | Operating Expenses: | | | Bad Debt Expense | 6,693 | | Bank & Credit Card Fees | 1,569 | | Charitable Contributions & Gifts | 11,067 | | Dues and Subscriptions | 34,461 | | Employee Compensation & Benefits | 3,250,520 | | Insurance | 286,693 | | Office Expenses | 1,322 | | Professional Fees | 692,484 | | Promotion, Travel, Meals, & Entertainment | 367,530 | | Regulatory Fees | 26,221 | | Reimbursable Expenses | 30,580 | | Rent | 30,911 | | Technology | 75,608 | | Taxes & Penalties | 800 | | Total Operating Expenses | 4,816,459 | | Operating Income | 80,715 | | Income Tax Expense | 26,000 | | Total Net Income | \$
54,715 | {7}------------------------------------------------ # VISION 4 FUND DISTRIBUTORS, LLC STATEMEl'ff OF CHANGES IN MEMBER'S EQUITY FOR THE YEAR ENDED DECEMBER 31, 2025 | | Capital
Contributions | Retained Earnings | | Total Member's
Equity | | |------------------------------|--------------------------|-------------------|---------|--------------------------|---------| | Balance at December 31, 2024 | \$ | \$ | 876,327 | \$ | 876,327 | | Member Distributions | \$ | \$ | | \$ | | | Net Income | \$ | \$ | 54,715 | \$ | 54,715 | | Balance at December 31, 2025 | \$ | \$ | 931,042 | \$ | 931,042 | {8}------------------------------------------------ # **VISION** 4 **FUND DISTRIBUTORS, LLC STATEME~"'T OF CHANGES** IN **CASH FLOWS FOR THE YEAR ENDED DECE1\.1BER 31, 2025** | Cash flows from operating activities: | | |-----------------------------------------------------|-----------------| | Net Income (Loss) | \$
54,715 | | Adjustments to reconcile net loss to net cash | | | used for operating activities: | | | (Increase) Decrease In: | | | Accounts Receivables | \$
(284,718) | | Due from Related Party | \$ | | Increase (Decrease) In: | | | Accrued Expenses | \$
(24,755) | | Net cash provided by (used in) operating acthities | \$
(254,758) | | Cash flows from financing activities | | | Net cash provided by (used in) financing activities | \$ | | Net increase (decrease) in cash | \$
(254,758) | | Cash as of December 31, 2024 | \$
489,994 | | Cash as of December 31, 2025 | \$
235,236 | | Supplemental disclosures of cash flow information: | | | Cash paid during the period for: | | | Interest expense | \$
354 | | Income taxes | \$
26,000 | {9}------------------------------------------------ # VISION 4 Fl.JN--0 DISTRIBlJTORS, LLC STATEM:ENT OF CHANGES IN LIABILITIES SUBORDINATED TO CLAIMS OF CREDITORS FOR THE YEAR ENDED DECEMBER 31, 2025 The Company did not and has not had any subordinated liabilities. {10}------------------------------------------------ ## **Vision 4 Fund Distributors, LLC Notes to Financial Statements December 31, 2025** ### **Note 1** - **Nature of Business and Significant Accounting Policies** ## *Nature of Business* Vision 4 Fund Distributors, LLC (the "Company') is a broker-dealer registered with the Securities and Exchange Commission ("SEC") and is a member of the Financial Industry Regulatory Authority ("FINRA'') and the Securities Investors Protection Corporation ("SIPC"). Vision 4 Fund Distnl>utors, LLC is a limited liability company organized under the laws of the State of Delaware. The Company is approved to conduct business in the wholesaling of securities and providing referral activities. The Company does not execute or clear securities transactions nor maintains any customer accounts. Under its membership agreement with FINRA and pursuant to Rule 15c3-3, in reliance on footnote 74 to SEC Release Number 34-70073 dated July 30, 2013, the Company is exempt from Rule 15c3-3 as it does not hold customer funds or securities. ## *Basis of Accounting* The books of the Company are maintained on the accrual basis of accounting, whereby revenues are recognized when they are earned and expenses are recognized when they are incurred. ## *Use of Estimates* The presentation of financial statements in conformity with generally accepted accounting principles requires management to make estimates and assumptions that affect the reported amounts of assets and liabilities and the 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. ### *Cash and Cash Equivalents* For the year ending December 31, 2025, the Company has maintained seven bank accounts and bas no investments in securities. #### *Accounts Receivable* Accounts receivable represents amounts that have been earned and have been billed to clients in accordance with the term of the Company's engagement letters with respective clients that have not yet been collected. As of December 31, 2025, the Company considered 100% of the receivables to be collectible, therefore no allowance was necessary. #### *Revenue* For the year ended December 31, 2025, the Company posted \$54,715 in net income. The Company has earned \$4,896,820 in revenue from wholesaling and referral activities and an additional \$354 in interest revenue. For wholesaling and referral income, the Company predominantly markets mutual funds registered under the Investment Company Act of 1940 to financial institutions and their agents on behalf of registered investment advisers who serve as investment advisers to the mutual funds marketed. In return for services, the Company receives as revenue commissions, a percentage of assets of the mutual fund(s) and/or a percentage of the amount cumulatively raised by other financial institutions. The commission income is earned over time and recognized at the end of each month after mutual funds have been traded and managed. The Company did not receive fees for services not yet provided and consequently has no deferred revenue at year end. {11}------------------------------------------------ ### *Expenses* For the year ended December 31, 2025, the Company has posted \$4,842,459 in total expenses. Primary contnbutors to expenses include employee compensation and benefits; travel and meals; technology expenditures, and professional fees. ### *Income Taxes* The firm elected in 2018, pursuant to the filing of a Form 8832 with the Internal Revenue Service, to be taxed as a corporation for federal income tax purposes. No federal income tax payments were made. Management has determined that the Company does not have any uncertain tax positions and associated unrecognized benefits that materially impact the financial statements or related disclosures. Since tax matters are subject to some degree of uncertainty, there can be no assurance that the Company's tax returns will not be challenged by the taxing authorities and that the Company or its members will not be subject to additional tax, penalties, and interest as a result of such challenge. The Company's and members' income tax returns are subject to examination by taxing authorities for a period of three years from the date they are filed. Due to losses over the past two years, the Company has earned a deferred tax asset; however, it is uncertain whether such asset will be realized, as such no deferred tax asset has been recorded on the financial statements. ### **Note 2** - **Related Party Transactions** - **Expense Sharing Agreement** The Company entered into an expense sharing agreement with ResQ Investment Partners, LLC for the allocation of expenses. ResQ Investment Partners, LLC is a registered investment adviser that has common ownership and control that shares some expenses with the Company. The current expense sharing a::,o-reement, dated August 15, 2022 requires reimbursement of expenses between the Company and ResQ Investment Partners, LLC for expenses incurred by the other party for which both parties share in such services and/or assets. The Company reimburses ResQ Investment Partners, LLC at fifty percent (50%) of costs for internet expenses and fees associated with the administration of the 401k plan. ResQ Investment Partners, LLC reimburses the Company for actual costs incurred by the Company pertaining to employees ofResQ Investment Partners, LLC relating to medical, dental, and vision insurance; cybersecurity expenses associated with dedicated ResQ Investment Partners, LLC computers; and for any employee contributions and employer matches/contributions to 401k plans paid by the Company on behalfof ResQ Investment Partners, LLC employees. At December 31, 2025, ResQ Investment Partners, LLC owed the Company \$23,869 for incurred ResQ expenses that the Company paid for in prior years. ### **Note** 3 - **Net Capital Requirements** The Company is subject to the Securities and Exchange Commission Uniform Net Capital Rule ("SEC Rule 15c3 l"), which requires the maintenance of a minimum net capital and requires that the ratio of aggregate indebtedness to net capital, both as defined, shall not exceed 15 to 1. At December 3 I, 2025, the Company had net capital of \$230,813, which was \$225,813 in excess of its net capital requirement of \$5,000. The Company's aggregate indebtedness requirement is \$292. ### **Note 4** - **Concentrations of Credit Risk And Other Business Concentrations** The Company does not carry accounts for customers or perform custodial ftmctions related to customers' securities. The Company's policy is to maintain its cash balances in reputable financial institutions insured by the Federal Deposit Insurance Corporation ("FDIC"), which as of December 31, 2024 provided \$250,000 of insurance coverage on deposit accounts. At December 31, 2025, the Company maintained no account whose balance was in excess of the \$250,000 in insurance coverage. {12}------------------------------------------------ ### **Note 5 -Subsequent Events** In preparing these financial statements, the Company has evaluated events and transactions for potential recognition or disclosure on the financial statements of the Company at December 31, 2025 through the date of the report of independent registered public accounting firm. There are no such events to recognize or report. # **Note 6-Fair Value** Fair value is the price that would be used to sell an asset in an orderly transaction between market participants at the measurement date. Assets recorded at fair value are categorized upon the level of judgment associated with the observable interest to measure their value. All of the Company's securities are measured as level one inputs which are unadjusted quoted prices in active markets for identical assets. There were no transfers of investment assets between fair value level categories during the year. The Company bas \$2,426 of funds held in a money market fund (level one investment). ### **Note** 7 - **Segment Reporting** The Company is engaged in a single line of business as a securities broker-dealer, which is comprised of several classes of services. The Company has identified its Chief Executive Officer 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, which is not a measure of profit and loss, to make operational decisions while maintaining capital adequacy. 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 Statement of Operations presents the segment revenue and expenses for the year ending December 31, 2025. ### **Note 8 -Commitments an~ Contingencies** For the year ended December 31, 2025, the Company was not the subject to or a party to any litigation, including arbitration, and no commitments or contingencies. {13}------------------------------------------------ # **VISION 4 FlJND DISTRIBUTORS, LLC SCHEDULE OF COMPUTATION OF NET CAPITAL ~IlERRULE ISC3-l OF THE SECURITIES AND EXCHANGE COMl\.fISSION FOR THE YEAR ENDED DECEMBER 31, 2025** ### **Net Capital** | Total Members' Equity | \$
931,042 | |-----------------------------------------------------------------|---------------| | Less: Non-Allowable Assets | \$
700,180 | | Net Capital Before Haircuts | \$
230,862 | | Less: Securities Haircut | \$
49 | | Net Capital | \$
230,813 | | Computation of Basic Net Capital Requirements | | | Minimum Net Capital Required (6 2/3% of Aggregate Indebtedness) | \$
292 | | Minimum Dollar Net Capital Requirement | \$
5,000 | | Net Capital Required | \$
5,000 | | Excess Net Capital | | | Computation of Aggregate Indebtedness | \$
225,813 | | Total Aggregate Indebtedness | \$
4,374 | | Percent of Aggregate Indebtedness to Net Capital | 1.90% | | Reconciliation with FOCUS Report | | | Net Capital Computation | \$
230,813 | | FOCUS llA Net Capital Computation | \$
230,813 | | Difference | \$ | There was no material difference between the audited financial statements and the FOCUS Report as of December 31, 2025. {14}------------------------------------------------ # VISION 4 FU1\1D DISTRIBUTORS, LLC COMPUTATION FOR DETERMINATION OF RESERVE REQUIREMENTS UNDER RULE 15c3-3 OF THE SECURITIES AND EXCHANGE COMMISSION Not Applicable. Refer to SEC Rule 15c3-3 Exemption Report. ## **INFORMATION RELATING TO THE POSSESSION OR CONTROL REQUIRElV.IENTS UNDER RULE 15c3-3 OF THE SECURITIES Al\1D EXCHANGE COMMISSION** Not Applicable. Refer to SEC Rule 15c3-3 Exemption Report. {15}------------------------------------------------ ![](_page_15_Picture_0.jpeg) ## REPORT OF INDEPEJ\il)ENT REGISTERED PUBLIC ACCOUNTING FIR.t\1 To the Member of Vision 4 Fund Distn1mtors, LLC **We** have reviewed management's statements, included in the accompanying SEC Rule 15c3-3 Exemption Report pursuant to SEC Rule l 7a-5, in which (1) Vision 4 Fund Distnoutors, LLC (the Company) did 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.l 7a-5, the Company represents that it provides wholesaling services to managers and issuers of secu...--ities, It does not engage in activities that would otherwise preclude reliance on Footnote 74; and the Company does not, and will not, hold customer funds or securities, carry customer accounts, and did not directly or indirectly receive, hold or otherwise owe funds or securities for or to customers, and did not ca..-ry P AB accounts (as defined in Rule 15c3-3), the Company has complied with Footnote 74 throughout the most recent fiscal year without exception. Vision 4 Fund Distributors, LLC's management is responsible for compliance with the Footnote 74 provisions 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 Vision 4 Fund Distnoutors, LLC's compliance with Footnote 74. 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. -~ · • :\ ,- 1 i : *rJ.* / I . \ , : / *'vl!X\lflf* ~~t \j *fNJ* ~ CROPPER ACCOU1'ff ANCY CORPORATION Walnut Creek, California March 31, 2026 {16}------------------------------------------------ ## **VISION 4 FUND DISTRIBUTORS, LLC SEC RULE 15c3-3 EXEMPTION** Vision 4 Fund Distributors, LLC ("Company") is a registered broker-dealer subject to Rule l 7a-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.l 7a-5(d)(l) and (4). To the best ofits knowledge and belief, the Company states the following: - The Company is not claiming an exemption under paragraph(k) of 17 C.F.R. §240.15c3-3. - The Company is filing this Exemption Report relying on Footnote 74 of the SEC Release No. 34-30073 adopting amendments to 17 C.F.R. §240.l 7a-5. - The Company represents that it provides wholesaling services to managers and issuers of securities. It does not engage in activities that would otherwise preclude reliance on Footnote 74. - The Company does not, and will not, hold customer funds or securities, carry customer accounts, and did not directly or indirectly receive, hold, or otherwise owe funds or securities for or to customers, did not hold carry customer accounts of or for customers; and did not carry P AB accounts (as defined in SEC Rule 15c3-3). - The Company has complied with Footnote 74 throughout the most recent fiscal year without exception. I, William B. Portwood, swear ( or affirm) that, to the best of my knowledge and belief, this Exemption Report is true and correct. William B. Portwood CFO Date Source: SEC EDGAR via Adviser Search (https://search.stillhousedata.com). Agents: see https://search.stillhousedata.com/llms.txt.