# FIFTH WALL SECURITIES, LP X-17A-5 (2025-04-15) — Broker-dealer annual report - Company: FIFTH WALL SECURITIES, LP - Form: X-17A-5 - Filed: 2025-04-15 - Period: 2024-12-31 - Accession: 0002001664-25-000004 - CIK: 2001664 - File #: 8-71188 - Type: Broker-dealer - Material weakness: No - Auditor: Michael Coglianese CPA, P.C. - Auditor location: Bloomingdale, IL - Contact: Jonathan Self - Phone: 404-596-5393 - Email: jself@fifthwall.com - Website: fifthwall.com - Signed by: Jonathan Self (CFO/CCO) Original filing: https://www.sec.gov/Archives/edgar/data/2001664/000200166425000004/fws2024public.pdf --- {0}------------------------------------------------ [ FOR PUBLIC RELEASE ] **UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington,** D.C. **20549** > **ANNUAL REPORTS FORM X-17A-5 PART** Ill 0MB APPROVAL 0MB Number: 3235-0123 Expires: Nov. 30, 2026 Estimated average burden hours per response: 12 | SEC FILE NUMBER | | |-----------------|--| | 8-71188 | | 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 **01/01/2024** MM/DD/VY AND ENDING **12/31/2024** MM/DD/YY **A. REGISTRANT IDENTIFICATION** NAME oF FIRM: Fifth Wall Securities LP TYPE OF REGISTRANT (check all applicable boxes): [!] Broker-dealer □ Security-based swap dealer D Check here If respondent is also an OTC derivatives dealer □ Major security-based swap participant ADDRESS OF PRINCIPAL PLACE OF BUSINESS: (Do not use a P.O. box no.) 3455 Peachtree Road NE, Suite 500 (No. and Street) Atlanta GA (City) (State) PERSON TO CONTACT WITH REGARD TO THIS FILING 30326 (Zip Code) Jonathan Self 404-596-5393 jself@fifthwall.com (Name) (Area Code -Telephone Number) (Email Address) **B. ACCOUNTANT IDENTIFICATION** INDEPENDENT PUBLIC ACCOUNTANT whose reports are contained in this filing\* Michael Coglianese CPA, P.C. (Name - if individual, state last, first, and middle name) 1255 E. Lake Street, Suite 303 Bloomingdale IL 60108 (Address) (City) (State) (Zip Code) 10/20/2009 3874 (Date of Registration with PCAOB)(if aoolicable) (PCAOB Registration Number, if applicable) **FOR OFFICIAL USE ONLY** • Claims for exemption from the requirement that the annual reports be covered by the reports of an independent public accountant must be supported by a statement of facts and circumstances relied on as the basis of the exemption. See 17 CFR 240.17a-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, Jonathan Self | | | | swear (or affirm) that, to the best of my knowledge and belief, the | | | | | |-----------------------------------------------------------------------------------------------|-------|-----------------------------------------|------------|---------------------------------------------------------------------|--|--|--|--| | financial report pertaining to the firm of Fifth Wall Securities LP | | | | as of | | | | | | 12/31 | 2 024 | i
r
n | | rrect. I further swear (or affirm) that neither the company nor any | | | | | | partner, officer, director, ore
ny pr<;>prietary interest in any account classified solely | | | | | | | | | | as that of a customer. | | SARAH NORSWORTHY | | | | | | | | | | STATE OF ALABAMA AT lARGE | Signature: | | | | | | | | | MY COMMISSION EXPIRES FEBRUARY 10, 2027 | | | | | | | | | | '----------------Title | : | \ | | | | | | | | | | | | | | | | | | | | | | | | | Notary Public ### **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 income in the period(s) presented, a statement of comprehensive income (as defined in§ 210.1-02 of Regulation S-X). - D (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 240.1Sc3-1 or 17 CFR 240.18a-1, as applicable. - □ (i) Computation of tangible net worth under 17 CFR 240.18a-2. - D U) Computation for determination of customer reserve requirements pursuant to Exhibit A to 17 CFR 240.1Sc3-3. - D (k) Computation for determination of security-based swap reserve requirements pursuant to Exhibit B to 17 CFR 240.1Sc3-3 or Exhibit A to 17 CFR 240.18a-4, as applicable. - D (I) Computation for Determination of PAS Requirements under Exhibit A to§ 240.1Sc3-3. - D (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. - D (o) Reconciliations, including appropriate explanations, of the FOCUS Report with computation of net capital or tangible net worth under 17 CFR 240.1Sc3-1, 17 CFR 240.18a-1, or 17 CFR 240.18a-2, as applicable, and the reserve requirements under 17 CFR 240.1Sc3-3 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. - ~ (q ) Oath or affirmation in accordance with 17 CFR 240.17a-S, 17 CFR 240.17a-12, or 17 CFR 240.18a-7, as applicable. - D (r) Compliance report in accordance with 17 CFR 240.17a-5 or 17 CFR 240.18a-7, as applicable. - D (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. - D (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. - D (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 240.1Sc3-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). D (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}------------------------------------------------ STATEMENT OF FINANCIAL CONDITION DECEMBER 31 , 2024 WITH REPORT OF INDEPENDENT REGISTERED PUBLIC ACCOUNTING FIRM {3}------------------------------------------------ ## **Table of Contents** | Report of Independent Registered Public Accounting Firm


1 | | |----------------------------------------------------------------------|--| | Statement of Financial Condition






2 | | | Notes to Financial Statements 3-4 | | {4}------------------------------------------------ ![](_page_4_Picture_0.jpeg) Bloomingdale I Chicago ### **Report of Independent Registered Public Accounting Firm** To the Members of Fifth Wall Securities **LP** #### **Opinion on the Financial Statement** We have audited the accompanying statement of financial condition of Fifth Wall Securities **LP** as of December 31 , 2024, and the related notes (collectively referred to as the financial statement). In our opinion, the statement of financial condition presents fairly, in all material respects, the financial position of Fifth Wall Securities **LP** as of December 31 , 2024, in conformity with accounting principles generally accepted in the United States of America. #### **Basis for Opinion** This financial statement is the responsibility of Fifth Wall Securities LP's management. Our responsibility is to express an opinion on Fifth Wall Securities LP'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 Fifth Wall Securities **LP** 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 Fifth Wall Securities LP's auditor since 2024. *(t/1* J,,,.,e t,f'Wfe{\_, UA, *p C.* Bloomingdale, IL April 11 , 2025 {5}------------------------------------------------ ### **STATEMENT OF FINANCIAL CONDITION DECEMBER 31, 2024** | ASSETS
Cash
Prepaid expenses and deposits
TOT AL ASSETS | \$
I \$ | 288,826
13,200
302,026 | |------------------------------------------------------------------|------------|------------------------------| | LIABILITIES AND MEMBERS' EQUITY | | | | LIABILITIES
Accounts payable
Due to affiliate | \$
\$ | 105
164,632 | | TOTAL LIABILITIES | I | 164,737 | | PARTNERS' EQUITY | | 137,289 | | TOTAL LIABILITIES AND MEMBERS' EQUITY | I \$ | 302,026 | The accompanying notes are an integral part of these financial statements. {6}------------------------------------------------ NOTES TO FINANCIAL STATEMENTS DECEMBER 31, 2024 ## **1. ORGANIZATION AND NATURE OF BUSINESS** Fifth Wall Securities LP is a broker-dealer registered with the Securities and Exchange Commission (the "SEC") and is a member of the Financial Industry Regulatory Authority, Inc. ("FINRA"). The Company was formed as a limited partnership ("LP") in Delaware on November 7, 2018 under the name Fifth Wall Advisory Partners LP subsequently changing its name to Fifth Wall Securities LP on November 9, 2023. The Company was approved as a broker-dealer and member of FINRA on April 29, 2024. The Company will primarily engage in merchant banking services consisting of investment banking advisory for mergers, acquisitions and capital raises through private placements of securities. ## **2. SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES** The Company follows Generally Accepted Accounting Principles (GAAP), as established by the Financial Accounting Standards Board (the FASB), to ensure consistent reporting of the financial condition, results of operations, and cash flows. **Income taxes** - The Company is a partnership for tax reporting purposes. Therefore, income or losses of the Company flow through to its owners and no income taxes are recorded in the accompanying financial statements. The Company has adopted the provisions of FASB Accounting Standards Codification 740-10, Accounting for Uncertainty in Income Taxes (FASB ASC 740-10). Under this Interpretation, the Company is required to evaluate each of its tax positions to determine if they are more likely than not to be sustained if the taxing authority examines the respective position. A tax position includes an entity's status, including its status as a pass-through entity, and the decision not to file a return. The Company has evaluated each of its tax positions and has determined that no provision or liability for income taxes is necessary. **Use of estimates** - The preparation of financial statements in conformity with accounting principles generally accepted in the United States of America requires management to make estimates and assumptions that affect the reported amounts of assets and liabilities and disclosure of contingent assets and the reported amounts of revenues and expenses period. Actual results could differ from those estimates. ## **3. RELATED PARTY TRANSACTIONS** The Company has an expense sharing agreement with an affiliate, Fifth Wall Ventures Management LLC, for administrative services. These services include, but are not limited to, office space, equipment and supplies, professional services, administrative expenses, information technology and computer related expenses, and personnel related expenses. The Company has a related payable of \$164,632 as of December 31, 2024 reflected as Due to affiliate on the Statement of Financial Condition. {7}------------------------------------------------ # **4. CONCENTRATION OF BUSINESS AND CREDIT RISK** From time to time the Company may have cash deposits with its bank that exceed levels insured by the bank through FDIC. At December 31, 2024, the Company had balances in excess of insured limits totaling \$38,826. # **5. COMMITMENTS AND CONTINGENCIES** The Company does not have any commitments, guarantees, or contingencies including arbitration or other litigation claims that may result in a loss or a future obligation. The Company is not aware of any threats or other circumstances that may lead to the assertion of a claim at a future date. # **6. GOING CONCERN ASSESSMENT** These financial statements are prepared on a going concern basis. The Company's ability to continue is dependent upon either management's plans to achieve and sustain profitable operations or funding by its parent, Fifth Wall Asset Management, LLC. The financial statements do not include any adjustments that might be necessary if the company is not able to continue as a going concern. # **7. SEGMENT REPORTING** The Company is a registered securities broker-dealer, which is currently not generating revenue. The Company has identified its CFO/Fl NOP as the chief operating decision maker ("CODM"). The CODM uses the cost of keeping the company open and future potential for use of the Company, to make operation 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 prescribed in the summary of significant policies. # **8. SUBSEQUENT EVENTS** These financial statements were approved by management and available for issuance on the date of the Independent Registered Public Accounting Firm report. Subsequent events have been evaluated through this date. There were no subsequent events requiring disclosures and/or adjustments. Source: SEC EDGAR via Adviser Search (https://search.stillhousedata.com). Agents: see https://search.stillhousedata.com/llms.txt.