# FORTRESS WEALTH SOLUTIONS LLC X-17A-5 (2026-02-27) — Broker-dealer annual report - Company: FORTRESS WEALTH SOLUTIONS LLC - Form: X-17A-5 - Filed: 2026-02-27 - Period: 2025-12-31 - Accession: 0001994377-26-000001 - CIK: 1994377 - File #: 8-71159 - Type: Broker-dealer - Material weakness: No - Auditor: Deloitte & Touche LLP - Auditor location: New York, NY - Contact: Robert Fishman - Phone: 212-478-4084 - Email: rfishman@fortress.com - Website: fortress.com - Signed by: Adam Bobker (Co-Chief Executive Officer) Original filing: https://www.sec.gov/Archives/edgar/data/1994377/000199437726000001/fwspub25.pdf --- {0}------------------------------------------------ #### STATEMENT OF FINANCIAL CONDITION Fortress Wealth Solutions LLC (A Delaware Limited Liability Company) December 31, 2025 With Report of Independent Registered Public Accounting Firm {1}------------------------------------------------ ## Statement of Financial Condition December 31, 2025 ## Contents | Facing Page and Oath or Affirmation | | |---------------------------------------------------------|--| | Report of Independent Registered Public Accounting Firm | | | Statement of Financial Condition | | | Notes to Statement of Financial Condition | | {2}------------------------------------------------ | | SECURITIES AND EXCHANGE COMMISSION | | | OMB APPROVAL | | | |---------------------------------------------------------------------------------------|-----------------------------------------------------------------------------------------------------------|----------|----------------------------------------------------|--------------------------------------------|--|--| | | | | OMB Number: 3235-0123 | | | | | Washington, D.C. 20549 | | | Expires: Nov. 30, 2026 | | | | | | | | Estimated average burden
hours per response: 12 | | | | | | | | | | | | | | ANNUAL REPORTS | | | SEC FILE NUMBER | | | | FORM X-17A-5
PART III | | | | | | | | | | | | 8-71159 | | | | | 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 AND ENDING 12/31/2025
MM/DD/YY | MM/DD/YY | | | | | | | A. REGISTRANT IDENTIFICATION | | | | | | | NAME OF FIRM: Fortress Wealth Solutions LLC | | | | | | | | TYPE OF REGISTRANT (check all applicable boxes): | | | | | | | | & Broker-dealer | ■Major security-based swap participant
DSecurity-based swap dealer | | | | | | | □ Check here if respondent is also an OTC derivatives dealer | | | | | | | | | | | | | | | | | ADDRESS OF PRINCIPAL PLACE OF BUSINESS: (Do not use P.O. Box No.) | | | | | | | 1345 Avenue of the Americas, 45th Floor | | | | | | | | | (No. and Street) | | | | | | | NY
New York | | | 10105 | | | | | | (State) | | | (Zip Code) | | | | (City) | | | | | | | | PERSON TO CONTACT WITH REGARD TO THIS FILING | | | | | | | | Robert Fishman | 212-478-4084 | | | rfishman@fortress.com | | | | (Name) | (Area Code - Telephone Number) | | (Email Address) | | | | | | B. ACCOUNTANT IDENTIFICATION | | | | | | | | INDEPENDENT PUBLIC ACCOUNTANT whose reports are contained in this filing* | | | | | | | Deloitte & Touche LLP | | | | | | | | | (Name - if individual, state last, first, middle name) | | | | | | | | New York | NY | | 10112 | | | | | (City) | (State) | | (Zip Code) | | | | 10/20/2003 | | | | 34 | | | | | | | | | | | | 30 Rockefeller Plaza
(Address)
(Date of Registration with PCAOB)(if applicable) | FOR OFFICIAL USE ONLY | | | (PCAOB Registration Number, if applicable) | | | UNITED STATES \* Claims for exemption from the requirement that the annual reports of an independent public accountant must supported by a statement of facts and circumstances relied on as the basis of the exemption. See 17 CFR 240.17a-5(e)(1){ii), if applicable. Persons who are to respond to the collection of information contained in this form are not required to respond unless the form displays a currently valid OMB control number. {3}------------------------------------------------ #### OATH OR AFFIRMATION I, Adam Bobker, swear (or affirm) that, to the best of my knowledge and belief, the financial report pertaining to the firm of Fortress Wealth Solutions LLC, as of December 31, 2025, 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. Signature: Title · Co-Chief Executive Officer This filing \*\* contains (check all applicable boxes): - 区 (a) Statement of financial condition. - 2 (b) Notes to consolidated statement of financial condition. - □ (c) Statement of income (loss) or, if there is other comprehensive income in the period(s) presented, a statement of comprehensive income (as defined in § 210.1-02 of Regulation S-X). - [ (d) Statement of cash flows. - [ (e) Statement of changes in stockholders' or partners' or sole proprietor's equity. - [ (f) Statement of changes in liabilities subordinated to claims of creditors. - [ (g) Notes to consolidated financial statements. - [ (h) Computation of net capital under 17 CFR 240.15c3-1 or 17 CFR 240.18a-1, as applicable. - [ {i) Computation of tangible net worth under 17 CFR 240.18a-2. - □ (j) Computation for determination of customer reserve requirements pursuant to Exhibit A to 17 CFR 240.15c3-3. - □ (k) Computation for determination of security-based swap reserve requirements pursuant to Exhibit B to 17 CFR 240.15c3-3 or Exhibit A to 17 CFR 240.18a-4, as applicable. - [ (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-2, 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 240.18a-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. - 2 (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 240.15c3-12, as applicable. - □ (y) Report describing any material inadequacies found to have existed since the date of the previous audit, or a statement that no material inadequacies exist, under 17 CFR 240.17a-12(k). □ (z) Other: \*\*To request confidential treatment of certain portions of this filing, see 17 CFR 240.17a-5(e)/3) or 17 CFR 240.18o-7(d)(2), as applicable. {4}------------------------------------------------ # Deloitte. Deloitte & Touche I I P 30 Rockefeller Plaza New York, NY 10112-0015 USA Tel: +1 212 492 4000 Fax: +1 212 489 1687 www.deloitte.com ## REPORT OF INDEPENDENT REGISTERED PUBLIC ACCOUNTING FIRM To the Governance Body and Member of Fortress Wealth Solutions LLC #### Opinion on the Financial Statement We have audited the accompanying statement of financial condition of Fortress Wealth Solutions LLC (the "Company") 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 the Company as of December 31, 2025, in conformity with accounting principles generally accepted in the United States of America. #### Basis for Opinion The financial statement is the responsibility of the Company's management. Our responsibility is to express an opinion on this 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 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 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 statement. 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 statement. We believe that our audit of the financial statement provides a reasonable basis for our opinion. Veloitte & Touche LL February 27, 2026 We have served as the Company's auditor since 2024. {5}------------------------------------------------ ## Statement of Financial Condition December 31, 2025 | Assers | | | |--------------------------------------------|--------------------|--| | Cash and cash equivalents | ದಿ
1,057,535 | | | Prepaid expenses | 71,454 | | | Deferred tax asset | 269 | | | Due from affiliates, net | 587.165 | | | Total assets | સ્ત્ર
1,716,423 | | | Liabilities and member's equity | | | | Liabilities | | | | Accrued liabilities | S
136,165 | | | Service fee payable | 445,730 | | | Income tax payable | 2,868 | | | Total liabilities | 584,763 | | | Commitments and Contingencies (see Note 8) | | | | Member's equity | | | | Paid-in capital | 1,071,000 | | | Accumulated deficit | 60,660 | | | Total member's equity | 1,131,660 | | | Total liabilities and member's equity | સ્ત્ર
1,716,423 | | See accompanying notes to Statement of Financial Condition. {6}------------------------------------------------ ## Notes to Statement of Financial Condition December 31, 2025 ## 1. Organization Fortress Wealth Solutions LLC (the Company), a Delaware limited liability company and a wholly owned subsidiary of Fortress Operating Entity I LP (FOE I), was registered with the Securities and Exchanges commission (SEC) on July 16, 2024 and commenced operations accordingly. FOE I funded capital in the amount of \$1.1 million to the Company prior to commencement of operations. FOE I is a wholly-owned indirect subsidiary of Fortress Investment Group LLC (Fortress), a Delaware limited liability company. Fortress raises and manages alternative investment funds. The Company is a broker-dealer registered with the Securities and Exchange Commission and is a member of the Financial Industry Regulatory Authority (FINRA), registered on July 16, 2024. The Company acts as a placement agent in offerings of interests in private investment funds and portfolio companies managed by affiliated entities. The Company also acts as a wholesaler, in private offerings of corporate securities and private fund in public offerings of corporate securities. The Company operates two offices, both of which are OSJ (Office of Supervisory Jurisdiction) branch offices. The Company is a limited liability company whose formation documents allow for an indefinite life. ## 2. Summary of Significant Accounting Policies ## Basis of Accounting The accompanying Statement of Financial Condition is prepared in accordance with U.S. generally accepted accounting principles (GAAP). ## Cash and Cash Equivalents The Company considers all highly liquid short-term investments with an original maturity of 90 days or less when purchased to be cash equivalents. As of December 31, 2025, there were no cash equivalents. {7}------------------------------------------------ Notes to Statement of Financial Condition (continued) ## 2. Summary of Significant Accounting Policies (continued) ## Revenue Recognition of Administrative Fees Revenue is generated from the rendering of services and is recognized when the services are performed and performance obligations are satisfied. Revenue is comprised of the reimbursement of expenses from related entities plus a percentage mark-up and service fees from related parties. See Note 5 for further clarification. ## Due To/From Affiliates Due to/from affiliate balances are presented net as the right of offset is deemed present and is comprised of activity with the same affiliate counterparty. In addition, settlement of the due to/ from affiliate balance between the Company and affiliated counterparty occurs on a net basis. #### Service Fee Revenue The Company has entered into dealer manager agreements with various affiliated entities, under which revenue is earned for shareholder activities. This revenue is generated from Fortress Net Lease REIT, and Fortress Credit Realty Income Trust (collectively the REITs). In accordance with its role as the dealer manager, the Company is entitled to earn a shareholder servicing fee of 0.25% to 0.85% per annum of the aggregate net asset value ("NAV") of certain outstanding share classes of the REITs. The shareholder service fees are recognized during the period in which services are performed and performance obligations are satisfied. Associated revenue is recorded on the statement of operations in service fees revenue. The Company has entered into agreements with selected participating broker dealers to provide services. Under the terms of the dealer manager agreements with the REITs the company can reallow all or a portion of the shareholder service fees earned to participating broker dealers as compensation for their services rendered. The Company has reallowed 100% of the services fee earned for the year ended December 31, 2025 to participating broker dealers. Associated expense is recorded on the statement of operations in service fees to participating broker dealers. {8}------------------------------------------------ ## Notes to Statement of Financial Condition (continued) ## 2. Summary of Significant Accounting Policies (continued) ## Income Taxes The Company's income is allocated directly to its sole member and is not subject to a corporate level of taxation. The Company is subject to the New York City unincorporated business tax (UBT) on its earnings based on a statutory rate of 4%. Interest and penalties, if any, are treated as additional taxes. Income taxes are accounted for under the liability method. Deferred tax assets and liabilities are recognized for the future tax consequences attributable to differences between the financial statement carrying amounts of existing assets and liabilities and their respective tax bases and operating loss and tax credit carryforwards. Deferred tax assets and liabilities are measured using enacted tax rates expected to apply to taxable income in the years in which those temporary differences are expected to be recovered or settled. The effect on deferred tax assets and liabilities of a change in tax rates is recognized in income in the period that includes the enactment date. A tax benefit from an uncertain tax position may be recognized when it is more likely than not that the position would be sustained upon examination, including resolutions of any related appeals or litigation processes, based on the technical merits. Income tax positions must meet a more-likely-than-not recognition threshold at the effective date to be recognized. The Company has not recorded any liabilities for uncertain tax positions on its Statement of Financial Condition as of December 31, 2025. #### Use of Estimates The preparation of the Statement of Financial Condition in conformity with GAAP requires management to make estimates and assumptions that affect the reported amounts of assets and liabilities and disclosure of contingent assets and liabilities 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. ## 3. Income Taxes The deferred tax asset of \$269 as of December 31, 2025 is related to organizational costs that are deductible over 15 years for tax purposes. There was no valuation allowance recorded as of December 31, 2025. {9}------------------------------------------------ Notes to Statement of Financial Condition (continued) ## 4. Regulatory Requirements The Company is a registered broker-dealer under the Securities Exchange Act of 1934 (the Act) and, as such, must comply with the rules and regulations thereunder. Pursuant to the net capital provisions of Rule 15c3-1 under the Act, the Company is required to maintain minimum net capital (as defined) equal to \$250,000. As of December 31, 2025, the Company's net capital and excess net capital amounts were \$472,772 and \$222,772 respectively. The Company was in compliance with such requirements. ## 5. Related Party Transactions FOE I, the Company's sole member, funded the initial capital requirements of the Company. ## Company Allocation The Company receives services from FIG LLC, which provides the use of its employees, facilities and other assets. Expenses incurred by FIG LLC that are directly related to the Company's activities are generally allocated to the Company unless specifically assigned. Compensation is allocated based on headcount and a time utilization methodology to reflect the Company's proportionate share of expense incurred. Other shared costs, such as rent and utilities, are allocated to the Company based on headcount. The allocation methodology employed was consistently applied in accordance with the expense sharing agreement between the Company and FIG LLC. ## Service Agreement The Company has entered into a service agreement with FIG LLC whereby the Company is reimbursed expenses plus a percentage mark-up. Due from affiliates, net includes \$141,435 due from FIG LLC and \$445,730 due from REITs. {10}------------------------------------------------ ## Notes to Statement of Financial Condition (continued) ## 5. Related Party Transactions (continued) The Company does not charge or pay interest to affiliates on outstanding receivable and payable balances. Such receivables are collectable in short term, ordinarily within 30 days, with exception to bonuses settled on a yearly basis. ## 6. Concentration of Credit Risk The Company maintains its cash and cash equivalents with one financial institution, which at times may exceed federal insured limits. ## 7. Fair Value of Financial Instruments The Company's financial instruments, primarily cash and due from affiliate, net, are recorded at contractual amounts due or amortized cost. The carrying value of these assets approximates fair value since they are liquid, short-term in nature and contain minimal credit risk. Cash and due from affiliate, net, if measured at fair value, would have a fair value hierarchy level designation of Level 1 and Level 2, respectively. #### 8. Commitments and Contingencies The Company is, from time to time, involved in legal proceedings and litigation arising in the ordinary course of business. In the opinion of management, the outcome of such proceedings and litigation is not expected to have a material effect on the accompanying Statements of Financial Condition, Operations or Cash Flows. {11}------------------------------------------------ ## Notes to Statement of Financial Condition (continued) ## 9. Single Segment Reporting The Company is engaged in a single line of business which is comprised of several classes of services including acting as a placement agent in offerings of interests in private investment funds and portfolio companies managed by affiliated entities and acting as a wholesaler, in private offerings of corporate securities and private fund interests and in public offerings of corporate securities. The Company has identified its Co-CEOs as the chief operating decision makers ("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. 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. #### 10. Subsequent Events The Company has evaluated subsequent events through February 27, 2026, the date as of which this Statement of Financial Condition is available to be issued and has determined that there are no subsequent events, occurring during such period that would require recognition or disclosure in this financial statement. 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