# UNEST SECURITIES, LLC X-17A-5 (2026-03-31) — Broker-dealer annual report - Company: UNEST SECURITIES, LLC - Form: X-17A-5 - Filed: 2026-03-31 - Period: 2025-12-31 - Accession: 0001822131-26-000003 - CIK: 1822131 - File #: 8-70576 - Type: Broker-dealer - Material weakness: No - Auditor: Ohab and Company, P.A. - Auditor location: Maitland, FL - Contact: Austin Van Kempen - Phone: 6303736025 - Email: chuck@unestsecurities.com - Website: unestsecurities.com - Signed by: Austin Van Kempen (CCO) Original filing: https://www.sec.gov/Archives/edgar/data/1822131/000182213126000003/UNest2025Final.pdf --- {0}------------------------------------------------ #### UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, O.C. 20549 | ANNUAL REPORTS | |----------------| | FORM X-17A-5 | | PARTIII | | 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-S, 17a-12:, and 18a-7 under the Securities Exchange Act of 1934 | | | | | | FILING FOR THE PERIOD BEGINNING Q 1 /Q 1 /25 | | 12131 f 25
AND ENDING | | | | | MM/DD/VY | | MM/OD/VY •
•. ·~- | | | | A. REGISTRANT IDENTIFICATION | | | | | NAME oF FIRM: UNest Securities, LLC | | | | | | TYPE OF REGISTRANT (check all applicable boxes):
D Security-b~sed.swap dealer
D Major security-based swap participant
[!] Broker-dealer
D Check here if respondent is also an OTC derivatives dealer | | | | | | ADDRESS OF PRINCIPAL PLACE OF BUSINESS: (Do not use a P .0. box no.) | | | | | | 221 S 2nd Street | | | | | | {No. and Street) | | | | | | Laramie | WY | | 82070 | | | (City) | (State) | | (Zip Code) | | | PERSON TO CONTACT WITH REGARD TO THIS FILING | | | | | | Charles Finch | | | chuck@unestsecurities.com | | | (Name) | (Area Code:;- Telephone Number)
··,,,,."\ | (Email Address) | | | | 8. ACCOUNTANT IDENTIFICATION | | | | | | INDEPENDENT PUBLIC ACCOUNTANT whose reports are contained in this filing*
Ohab & Company, P.A. | | | | | | (Name - if individual, state last, first, and middle name) | | | | | | 100 E Sybelia Avenue, Suite 130 | Maitland | FL | 32751 | | | | | (State) | (Zip Code) | | | 7 /28/04 | | 1839 | | | | (Date of Rtlgistration With PCAOBHif applicable) | | IPCAOB Registration Number, if applicable} | | | | ";.
"' Claims for exemption from the requirement that the annual reports be covered by the reports of an independent public | FOR OFFICIAL USE ONL V | | | | accountant must be supported by a statement of facts and circumstances relied on as the basis ·Of the exemption. See 17 CFR 24-0.17a-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. Charles Finch , swear (or affirm) that, to the best of my knowledge and belief, the financial report pertaining to the firm of UNest Securities LLC December 31 2 025 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. ![](_page_1_Picture_3.jpeg) WIDLANDE SENATUS Notary Public State of Florida Comm# HH658018 Expires 3/27/2029 Signature Title: 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 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. - [i] 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. - [ (I) 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 capible 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 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. - [ (v) 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 240.180-7(d)(2), as applicable. {2}------------------------------------------------ # **UNEST SECURITIES LLC** ## **FINANCIAL STATEMENTS AND REPORT OF INDEPENDENT REGISTERED PUBLIC ACCOUNTING FIRM (CONFIDENTIAL PURSUANT TO RULE 17a-5(e)(3))** # **DECEMBER 31, 2025** {3}------------------------------------------------ ## UNEST SECURITIES LLC # CONTENTS | | Pages | |---------------------------------------------------------------------------------------------------------------------------------------------------|-------| | Report of Independent Registered Public Accounting Firm | 1 | | Financial Statements | | | Statement of Financial Condition at December 31, 2025 | 2 | | Statement of Operations for the year ended December 31, 2025 | 3 | | Statement of Changes in Member's Equity for the year ended December 31, 2025 | 4 | | Statement of Cash Flows for the year ended December 31, 2025 | 5 | | Notes to Financial Statements | 6-9 | | Supplementary Information | | | Supplementary Schedules | | | Schedule I -
Computation of Net Capital Under Rule 15c3-1 of the U.S.
Securities and Exchange Commission at December 31, 2025 | 10 | | Schedule II -
Computation for Determination of Reserve Requirements
Pursuant to Rule 15c3-3 of the Securities and Exchange Commission | 11 | | Schedule III –
Information Relating to Possession or Control Requirements
Pursuant to Rule 15c3-3 of the Securities and Exchange Commission | 12 | | Report of Independent Registered Public Accounting Firm on Exemption Report | 13 | | Exemption Report
14 | | {4}------------------------------------------------ ### Note 1 - Organization UNest Securities LLC (the "Company") is a broker-dealer registered with the United States Securities and Exchange Commission ("SEC") and is a member of the Financial Industry Regulatory Authority ("FINRA"). The Company was organized under the laws of the State of Delaware and was approved by FINRA on May 18, 2021. The Company is a single member LLC, wholly owned by UNest Holdings Inc. (the "Sole Member"). The Company is an introducing broker dealer for UGMA/UTMA accounts and conducts business on a fully disclosed basis with Apex Clearing. The Company provides fully disclosed broker dealer services for its affiliated registered investment advisor, UNest Advisers. The Company does not receive commissions but earns revenue through a shared interest arrangement with the clearing firm. ### Note 2 - Summary of Significant Accounting Policies ### Basis of Presentation The accompanying financial statements are presented in conformity with accounting principles generally accepted in the United States of America ("U.S. GAAP"). ## Cash and Cash Equivalents For purposes of reporting the statement of cash flows, the Company considers all cash accounts, which are not subject to withdrawal restrictions or penalties, and all highly liquid debt instruments purchased with a maturity of three months or less to be cash equivalents. Cash balances in excess of FDIC and similar insurance coverage are subject to the usual banking risks associated with funds in excess of those limits. At December 31, 2025, the Company had no uninsured cash balances. ### Revenue Recognition The Company records revenue under the provisions of ASC 606, Revenue from Contracts with Customers. Under this standard, recognition of revenue occurs when a customer obtains control of promised services or goods in an amount that reflects the consideration to which the entity expects to receive in exchange for those goods or services. In addition, the standard requires disclosure of the nature, amount, timing and uncertainty of revenue and cash flows arising from customer contacts. {5}------------------------------------------------ ### Note 2 Summary of Significant Accounting Policies (continued) ## Revenue Recognition (continued) Revenue from contracts with customers includes service fees paid to company by an affiliate, UNest Advisers, LLC, for opening and maintaining its accounts at the clearing firm. Each month the company reviews a blotter from the clearing firm to determine what new accounts were opened and month-end on-going accounts and that is when the company recognizes revenue as that is when the company determines all performance obligations are satisfied. Interest rebate income is interest earned on cash held in customer accounts with the clearing firm as well as interest earned on margin accounts. The Company recognizes the income monthly, which is when the Company believes its' performance obligation has been contractually satisfied in all material respects. ### Income Taxes The Company is a limited liability company and is treated as a partnership for income tax purposes. As a result, no federal or State income taxes are provided as they are the responsibility of the Sole Member. ## Use of Estimates The preparation of financial statements in conformity with U.S. GAAP requires management to make estimates and assumptions that affect the reported amounts of assets and liabilities and disclosure of contingent assets and liabilities at the date of the financial statements and the reported amounts of revenues and expenses during the reporting period. Actual results could differ from those estimates. ### Note 3 Deposits with Clearing Organization The Company contracted with Apex Clearing to act as their clearing agent. In connection with this agreement, Apex Clearing requires the Company to maintain a deposit of \$125,000 which is included in deposits with clearing organizations on the accompanying statement of financial condition. Additional receivables from clearing organization in the amount of \$4,292 consist of fees of fees due for interest rebate income. {6}------------------------------------------------ ### Note 4 - Net Capital Requirements The Company is subject to the SEC Uniform Net Capital Rule (Rule 15c3-1) which requires the maintenance of a minimum net capital, as defined, of the greater of \$5,000 or one-fifteenth of aggregate indebtedness, as defined. At December 31, 2025, the Company had net capital of \$110,535, which exceeded its requirement of \$5,000 by \$105,535. Additionally, the Company must maintain a ratio of aggregate indebtedness to net capital of 15:1 or less. At December 31, 2025, this ratio was .30 to 1. ### Note 5 - Segment Information The Company is engaged in a single line of business as a securities broker-dealer. The Company has identified its Chief Compliance 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 (see Note 4), 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 dividends. The Company's operations consist of a single operating segment and therefore, a single reportable segment, because the CODM manages the 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. ### Note 6 - Concentrations The Company maintains cash balances in one financial institution, which are insured by the Federal Deposit Insurance Corporation (FDIC) for up to \$250,000 per institution. From time to time, the Company's balances may exceed these limits. ## Note 7 - Related Party Transactions The Company has an Expense Sharing Agreement ("Agreement") with its Sole Member, UNest Holdings, Inc. The Agreement covers payroll, rent, equipment, and administrative expenses. Direct expenses of the Company are outside the scope of the Agreement and are paid directly by the Company. During the period ended December 31, 2025, the Company recorded \$55,052 of expenses under theAgreement. No amount was due at year-end to this related partyat December 31, 2025 as a result of this agreement. {7}------------------------------------------------ During the period ended December 31, 2025, the Company earned fees of \$19,944 from its Sole Member. The Sole Member owed fees of \$1,703 to the Company at December 31, 2025. #### Note 8 - Going Concern As shown in the accompanying financial statements, the Company incurred a loss from operations of (\$334,143) during the year ended December 31, 2025. As of that date, the Company had member's equity of \$135,455 and had a net capital surplus of \$105,535. Consideration of these factors, combined with the unsubstantiated prospective business, continue to create a substantial doubt about the Company's ability to continue as a going concern for the year following the date the financial statements were available to be issued. The financial statements do not include any adjustments that might be necessary if the Company is unable to continue as a going concern. The Sole Member has represented that it intends to continue making capital contributions as needed, to ensure the Company's continuing operations. The Sole Member has the financial wherewithal to continue contributing as required. ### Note 9 - Commitments and Contingencies The Company had no commitments, no contingent liabilities and had not been named as a defendant in any lawsuit during the period ended December 31, 2025. ### Note 10- Financial instruments with Off-Balance-Sheet Risk The Company's customer securities activities are transacted on either a cash or margin basis. In margin transactions, the Company's clearing broker extends credit to the customer, subject to various regulatory and internal margin requirements, collateralized by cash and securities in the customer's account. As a result of guaranteeing customer margin balances carried by the clearing broker, the Company may be exposed to offbalance sheet risk in the event margin requirements are not sufficient to fully cover losses the customer may incur. #### Note 11- Subsequent Events Events have been evaluated through the date the financial statements were available to be issued. During this period, there were no material subsequent events which would require disclosure or recognition. {8}------------------------------------------------ ![](_page_8_Picture_0.jpeg) 100 E. Sybelia Ave. Suite 130 Maitland, FL 32751 Certified Public Accountants Email: pam a ohabeo.com Telephone 407-740-7311 Fax 407-740-6441 #### REPORT OF INDEPENDENT REGISTERED PUBLIC ACCOUNTING FIRM To the Member of UNest Securities LLC We have reviewed management's statements, included in the accompanying Exemption Report, in which (1) UNest Securities LLC identified the following provision(s) of 17 C.F.R. §15c3-3(k) under which UNest Securities LLC claimed the following exemption(s) from 17 C.F.R. §240.15c3-3: (k(2)(ii) [exemption provision(s)] and (2) UNest Securities LLC stated that UNest Securities LLC met the identified exemption provisions throughout the most recent fiscal year without exception. UNest Securities LLC's management is responsible for compliance with the exemption provisions and its statements. The Company is also filing this Exemption Report because the Company's other business activities contemplated by Footnote 74 of the SEC Release No. 34-70073 adopting amendments to 17 C.F.R. § 240.17a-5 are limited to service fees earned from a related party. In addition, the Company did not directly receive, hold, or otherwise owe funds or securities for or to customers, other consideration received and promptly transmitted in compliance with paragraph (a) or (b)(2) of Rule 15c2-4 and/or funds received and promptly transmitted for effecting transactions via subscription way basis where the funds are payable to the issuer or its agent and not to the Company; did not carry accounts of or for customers; and did not carry PAB accounts (as defined in Rule 15c3-3) throughout the most recent fiscal year without exception. UNest Securities 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 UNest Securities LLC's compliance with the provisions of Footnote 41. 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 on the provisions set forth in paragraph(s) (k(2)(ii) of Rule 15c3-3 under the Securities Exchange Act of 1934 and the Company's other 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. Ohab and Company, PA Maitland, Florida March 25, 2026 {9}------------------------------------------------ ![](_page_9_Picture_0.jpeg) 100 E. Sybelia Ave. Suite 130 Maitland. FL 32751 *Certified Public Accountants* I 111.111· pam II ohabc:o .:om Telephone 407-740-73 11 Fax 407-740-644 1 ### REPORT OF INDEPENDENT REGISTERED PUBLIC ACCOUNTING FIRM To the Member of UNest Securities LLC #### **Opinion on the Financial Statement** We have audited the accompanying statement of financial condition of UNest Securities LLC as of December 31 , 2025, and the related notes (collectively referred to as the "financial statement"), In our opinion, the financial statement presents fairly , in all material respects, the financial position of UNest Securities LLC as of December 31 , 2025 in conformity with accounting principles generally accepted in the United States of America. #### **Basis for Opinion** This financial statement is the responsibility of UNest Securities LLC's management. Our responsibility is to express an opinion on UNest Securities LLC's financial statement based on our audit. We are a public accounting firm registered with the Public Company Accounting Oversight Board (United States) (PCAOB) and are required to be independent with respect to UNest Securities 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 statement is free of material misstatement, whether due to error or fraud . Our audit included performing procedures to assess the risks of material misstatement of the financial statement, whether due to error or fraud, and performing procedures that respond to those risks. Such procedures included examining, on a test basis, evidence regarding the amounts and disclosures in the financial statements. Our audit also included evaluating the accounting principles used and significant estimates made by management, as well as evaluating the overall presentation of the financial statements. We believe that our audit provides a reasonable basis for our opinion. We have served as UNest Securities LLC's auditor since 2023. Maitland, Florida March 25, 2026 {10}------------------------------------------------ ![](_page_10_Picture_0.jpeg) Maitland. FL 32751 I 00 E. Sybelia Ave. Suite 130 *Certified Public Accoumants* Telephone 407-740-7311 REPORT OF INDEPENDENS I ~'W~~T ''r~rf ~ "Y:f rJlJ BLIC ACCOUNTING FIRM Fax 407-740-6441 To the Member of UNest Securities LLC ### **Opinion on the Financial Statements** We have audited the accompanying statement of financial condition of UNest Securities LLC as of December 31 , 2025, the related statements 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 UNest Securities 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 UNest Securities LLC management. Our responsibility is to express an opinion on UNest Securities 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 independent with respect to UNest Securities 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 Schedule I, Computation of Net Capital Under Rule 15c3-1 of the Securities and Exchange Commission, Schedule II, Computation for Determination of the Reserve Requirements Pursuant to Rule 15c3-3 of the Securities and Exchange Commission and Schedule Ill. Information Relating to Possession or Control Requirements Pursuant to Rule 15c3-3 of the Securities and Exchange Commission have been subjected to audit procedures performed in conjunction with the audit of UNest Securities LLC's financial statements. The supplemental information is the responsibility of UNest Securities 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 Schedule I, Computation of Net Capital Under Rule 15c3-1 of the Securities and Exchange Commission, Schedule 11 , Computation for Determination of the Reserve Requirements Pursuant to Rule 15c3-3 of the Securities and Exchange Commission and Schedule Ill, Information Relating to Possession or Control Requirements Pursuant to Rule 15c3-3 of the Securities and Exchange Commission are fairly stated, in all material respects, in relation to the financial statements as a whole. ~.~ ~.~/l-- We have served as UNest Securities LLC's auditor since 2023. Maitland, Florida March 25, 2026 Source: SEC EDGAR via Adviser Search (https://search.stillhousedata.com). Agents: see https://search.stillhousedata.com/llms.txt.