# IWPF SECURITIES LLC X-17A-5 (2026-02-20) — Broker-dealer annual report - Company: IWPF SECURITIES LLC - Form: X-17A-5 - Filed: 2026-02-20 - Period: 2025-12-31 - Accession: 0001998205-26-000001 - CIK: 1998205 - File #: 8-71173 - Type: Broker-dealer - Material weakness: No - Auditor: Hacker, Johnson & Smith PA - Auditor location: Fort Lauderdale, FL - Contact: Ken George - Phone: 6033805435 - Email: ken.george@comcast.net - Signed by: Robert Brito (CEO) Original filing: https://www.sec.gov/Archives/edgar/data/1998205/000199820526000001/dec25_audit_iwpf_public3.pdf --- {0}------------------------------------------------ ## ANNUAL REPORTS FORM X-17A-5 PART III | | UNITED STATES | OMB APPROVAL
OMB Number: 3235-0123 | |---------------------------------------------------------------------------------------------------------------------------------------------|-----------------------------------------------------------------------------------------|----------------------------------------------------------------------| | | SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549 | Expires: Nov. 30, 2026 | | | | Estimated average burden
hours per response: 12 | | | ANNUAL REPORTS | | | | | SEC FILE NUMBER | | FORM X-17A-5 | | 8-71173 | | | PART III | | | Information
Required
Pursuant
to
FILING FOR THE PERIOD BEGINNING | FACING PAGE
Rules
17a-5,
17a-12,
and
18a-7
under
the
10/21/2024 | Securities
Exchange
Act
of
1934
AND ENDING 12/31/2025 | | | MM/DD/YY | MM/DD/YY | | | A. REGISTRANT IDENTIFICATION | | | | | | | NAME OF FIRM: IWPF SECURITIES LLC | | | | TYPE OF REGISTRANT (check all applicable boxes):
X Broker-dealer
□
Check here if respondent is also an OTC derivatives dealer
□ | Security-based swap dealer
□ | Major security-based swap participant | | | ADDRESS OF PRINCIPAL PLACE OF BUSINESS: (Do not use a P.O. box no.) | | | 429 LENOX AVENUE, SUITE 416 | | | | | (No. and Street) | | | | | | | MIAMI BEACH
(City) | FL
(State) | 33139
(Zip Code) | | | | | | PERSON TO CONTACT WITH REGARD TO THIS FILING | | | | KEN GEORGE | 603-380-5435 | ken.george@comcast.net | | (Name) | (Area Code –
Telephone Number) | (Email Address) | | | B. ACCOUNTANT IDENTIFICATION | | | | | | | | INDEPENDENT PUBLIC ACCOUNTANT whose reports are contained in this filing | | | HACKER, JOHNSON & SMITH PA | (Name – if individual, state last, first, and middle name) | | | | | | | | 500 WEST CYPRESS CREEK ROAD, SUITE 450, FORT LAUDERDALE, FL 33309 | | | (Address) | (City) | (State)
(Zip Code) | | 9/29/2003 | #400 | | | (Date of Registration with PCAOB)(if applicable) | | (PCAOB Registration Number, if applicable) | | | FOR OFFICIAL USE ONLY | | | | | | Persons who are to respond to the collection of information contained in this form are not required to respond unless the form displays a currently valid OMB control number. {1}------------------------------------------------ ### OATH OR AFFIRMATION I, ROBERT BRITO , swear (or affirm) that, to the best of my knowledge and belief, the financial report pertaining to the firm of IWPF SECURITIES 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. x(a) Statement of financial condition. (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. x(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. Signature: Title: CEO ### This filing\*\* contains (check all applicable boxes): - - □ - □ ### □ - □ - □ - - □ - □ - □ - (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. □ - □ - □ - □ - (l) 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 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. x(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. x(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. (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 240.15c3-1e 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. □ - □ - - □ - □ - □ - - □ - □ - □ - □ - □ - {2}------------------------------------------------ # IWPF SECURITIES LLC p C C Statement of Financial Condition December 31, 2025 {3}------------------------------------------------ ![](_page_3_Picture_0.jpeg) **HACKER, JOHNSON & SMITH PA** Fort Lauderdale Orlando Tampa Certified Public Accountants ### Report of Independent Registered Public Accounting Firm To the Members of IWPF Securities, LLC Miami Beach, Florida ### Opinion on the Statement of Financial Condition We have audited the accompanying statement of financial condition of IWPF Securities, LLC (the "Company") as of December 31, 2025, and the related notes (collectively referred to as the financial statement). In our opinion, the financial statements present 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 This financial statement is the responsibility of the Company's management. Our responsibility is to express an opinion on the Company'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 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 assessing 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. February 18, 2026 HACKER, JOHNSON & SMITH PA We have served as IWPF Securities, LLC's auditor since 2025. Fort Lauderdale, Florida {4}------------------------------------------------ ## IWPF Securities LLC Statement of Financial Condition December 31, 2025 | Assets | | |----------------------------------------|---------------| | Cash | \$
310,882 | | Prepaid expense | 374 | | Security deposit | 2,780 | | Total assets | 314,036 | | Liabilities and Members' Equity | | | Liabilities: | | | Accounts payable | 4,000 | | Due to related parties | 5,072 | | Total liabilities | 9,072 | | Commitments and contingencies (Note 7) | | | Members' Equity | 304,964 | | Total liabilities and members' equity | \$
314,036 | | | | {5}------------------------------------------------ ### **1. Nature of Operations** IWPF Securities, LLC (the "Company") was formed on September 8, 2023 in the State of Florida, and operates as a broker-dealer registered with the Securities and Exchange Commission ("SEC") and is a member of the Financial Industry Regulatory Authority ("FINRA"). The Company is engaged in private placements of securities and mergers and acquisitions ("M&A") advisory services. ### **2. Summary of Significant Accounting Policies** ### **Use of Estimates** The preparation of financial statements in conformity with accounting principles generally accepted in the United States of America ("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 income and expenses during the reporting period. Actual results could differ from those estimates. ### **Income Taxes** As a limited liability company, the Company's assets, liabilities, income and expenses are treated as if members directly owned these amounts for federal and state income tax purposes and, accordingly, the Company will generally not be subject to income taxes. All items of income and expense are proportionally allocated among the members. Therefore, the Company's results of operations are presented without a provision for income taxes. ### **Cash and Cash Equivalents** For purposes of the Statement of Cash Flows, the Company has defined cash equivalents as highly liquid investments, with original maturities of less than three months. The Company maintains cash balances at one financial institution. Cash balances are insured by the Federal Deposit Insurance Corporation ("FDIC") up to \$250,000. From time to time, these balances may exceed the federally insured limits. However, these balances are maintained with a high-quality financial institution which management believes limits the risk. There was \$60,654 in excess of insured limits at December 31, 2025. ### **Credit Losses** The Company follows Accounting Standards Codification ("ASC") Topic 326, Financial Instruments-Credit Losses ("ASC 326"). ASC 326 impacts the impairment model for certain financial assets by requiring a current expected credit loss ("CECL") methodology to estimate expected credit losses over the entire life of the financial asset. Under the accounting update, the Company has the ability to determine that there are no expected credit losses in certain circumstances. The Company had no accounts receivable as of December 31, 2025. ### **Fair Value** Cash, receivables (if any), accounts payable and other current liabilities are reflected in the financial statements at carrying value which approximates fair value because of the short-term maturity of these instruments. ### **3. 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, including investment banking merger and acquisition advisory fees and private placement fees. 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 (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 income or make capital distributions. The Company's operations {6}------------------------------------------------ ### **3. Segment Reporting (continued)** 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 ### **4. Net Capital Requirements** As a registered broker-dealer, the Company is subject to the SEC's Uniform Net Capital for Broker-Dealers Rule ("Rule 15c3-1 "). Rule 15c3-1 requires the maintenance of minimum net capital, as defined, the greater of \$5,000 or 6-2/3% of aggregate indebtedness, and requires that the aggregate indebtedness, as defined, shall not exceed 15 times net capital. At December 31, 2025, the Company had net capital of \$301,810 which exceeded the required net capital of \$5,000 by \$296,810. At December 31, 2025, the Company's aggregate indebtedness to net capital ratio was 0.03 to 1. ### **5. Regulation** The Company is registered as a broker-dealer with the SEC. The securities industry in the United States is subject to extensive regulation under both federal and state laws. The SEC is the federal agency responsible for the administration of the federal securities laws. Much of the regulation of broker-dealers has been delegated to self-regulatory organizations, such as FINRA, which has been designated by the SEC as the Company's primary regulator. These self-regulatory organizations adopt rules, subject to approval by the SEC, that govern the industry and conduct periodic examinations of the Company's operations. The primary purpose of these requirements is to enhance the protection of customer assets. These laws and regulatory requirements subject the Company to standards of solvency with respect to capital requirements, financial reporting requirements, record keeping and business practices. Securities firms are also subject to regulation by state securities administrators in those states in which they conduct business. ### **6. Related Party Transactions** Member's of the Company made payments on behalf of the Company for various operating expenses during the period. At December 31, 2025, \$5,072 was owed to the members of the company which is reflected in the Statement of Financial Condition. ### **7. Commitments and Contingencies** The Company had no contingent liabilities and had not been named as a defendant in any lawsuit at December 31, 2025 or during the period then ended. ### **8. Subsequent Events** The Company has performed an evaluation of events that have occurred subsequent to December 31, 2025 and through the date the financial statements were available to be issued. There have been no material subsequent events that occurred during such period that would require disclosure or recognition in the financial statements as of December 31, 2025. Source: SEC EDGAR via Adviser Search (https://search.stillhousedata.com). Agents: see https://search.stillhousedata.com/llms.txt.