# EDGAR Filing Document

**Accession Number:** 0001728031
**File Stem:** 0001728031-25-000004
**Filing Date:** 2025-10
**Character Count:** 11589
**Document Hash:** 46665d6b61f55600ff7ed802ea4a82b7
**Contains OCR:** False
**Source Format:** 

## Filing Content

## Filing Summary
**0001728031-25-000004.hdr.sgml**: 20251023

**ACCESSION NUMBER**: 0001728031-25-000004

**CONFORMED SUBMISSION TYPE**: 13F-HR

**PUBLIC DOCUMENT COUNT**: 2

**CONFORMED PERIOD OF REPORT**: 20250930

**FILED AS OF DATE**: 20251023

**DATE AS OF CHANGE**: 20251023

**EFFECTIVENESS DATE**: 20251023

**FILER**: 

**COMPANY DATA:**
- **COMPANY CONFORMED NAME:** A&I FINANCIAL SERVICES, LLC
- **CENTRAL INDEX KEY:** 0001728031

**ORGANIZATION NAME:**
- **EIN:** 201489037
- **STATE OF INCORPORATION:** CO
- **FISCAL YEAR END:** 1231

**FILING VALUES:**
- **FORM TYPE:** 13F-HR
- **SEC ACT:** 1934 Act
- **SEC FILE NUMBER:** 028-18338
- **FILM NUMBER:** 251412115

**BUSINESS ADDRESS:**
- **STREET 1:** 9605 KINGSTON COURT
- **STREET 2:** SUITE 190
- **CITY:** LONE TREE
- **STATE:** CO
- **ZIP:** 80112
- **BUSINESS PHONE:** 303-690-5070

**MAIL ADDRESS:**
- **STREET 1:** 9605 KINGSTON COURT
- **STREET 2:** SUITE 190
- **CITY:** LONE TREE
- **STATE:** CO
- **ZIP:** 80112

**FORMER COMPANY:**
- **FORMER CONFORMED NAME:** AI Financial Services LLC
- **DATE OF NAME CHANGE:** 20180112

### FORM 13F COVER PAGE

**Report for the Calendar Year or Quarter Ended:** 09-30-2025

**Check here if Amendment** [ ] **Amendment Number:** 

**This Amendment (Check only one.):** [ ] is a restatement.

[ ] adds new holdings entries.

**Institutional Investment Manager Filing this Report:**

**Name:** A FINANCIAL SERVICES LLC<br>**Address:** 9605 KINGSTON COURT<br>SUITE 190<br>LONE TREE, CO 80112

**Form 13F File Number:** 028-18338

**CRD Number (if applicable):** 000148357

**SEC File Number (if applicable):** 801-69819

The institutional investment manager filing this report and the person by whom it is signed hereby represent that the person signing the report is authorized to submit it, that all information contained herein is true, correct and complete, and that it is understood that all required items, statements, schedules, lists, and tables, are considered integral parts of this form.

**Person Signing this Report on Behalf of Reporting Manager:**

**Name:** Karl Frank<br>**Title:** President<br>**Phone:** 303-690-5070

**Signature, Place, and Date of Signing:**

/s/ Karl Frank  Lone Tree, CO  10-23-2025<br>[Signature]  [City, State]  [Date]

**Report Type (Check only one.):**

[x] **13F HOLDINGS REPORT.** (Check here if all holdings of this reporting manager are reported in this report.)

[ ] **13F NOTICE.** (Check here if no holdings are reported in this report, and all holdings are reported by other reporting manager(s).)

[ ] **13F COMBINATION REPORT.** (Check here if a portion of the holdings for this reporting manager are reported in this report and a portion are reported by other reporting manager(s).)

### Form 13F Summary Page

**Report Summary:**

**Number of Other Included Managers:** 0

**Form 13F Information Table Entry Total:** 77

**Form 13F Information Table Value Total:** $204891535

      (round to nearest dollar)

**List of Other Included Managers:**

Provide a numbered list of the name(s) and Form 13F file number(s) of all institutional investment managers with respect to which this report is filed, other than the manager filing this report.

[If there are no entries in this list, state “NONE” and omit the column headings and list entries.]

**NONE**

### FORM 13F INFORMATION TABLE

---

|  |  |  |  |  |  |  |  |  |  |  |  |  |
| --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- |
| NAME OF ISSUER | TITLE OF CLASS | CUSIP | FIGI | VALUE (x$1000) | SHRS OR PRN AMT | SH/PRN | PUT/CALL | INVESTMENT DISCRETION | OTHER MANAGER | VOTING AUTHORITY | VOTING AUTHORITY | VOTING AUTHORITY |
| NAME OF ISSUER | TITLE OF CLASS | CUSIP | FIGI | VALUE (x$1000) | SHRS OR PRN AMT | SH/PRN | PUT/CALL | INVESTMENT DISCRETION | OTHER MANAGER | SOLE | SHARED | NONE |
| 2023 ETF SERIES TRUST | BRANDES US VALUE | 900934308 |  | 16272820 | 465137 | SH |  | SOLE |  | 0 | 0 | 465137 |
| ADT INC DEL | COM | 00090Q103 |  | 681888 | 78559 | SH |  | SOLE |  | 0 | 0 | 78559 |
| AES CORP | COM | 00130H105 |  | 759245 | 49398 | SH |  | SOLE |  | 0 | 0 | 49398 |
| ALPHABET INC | CAP STK CL A | 02079K305 |  | 575760 | 2351 | SH |  | SOLE |  | 0 | 0 | 2351 |
| ALPHABET INC | CAP STK CL C | 02079K107 |  | 341301 | 1390 | SH |  | SOLE |  | 0 | 0 | 1390 |
| AMAZON COM INC | COM | 023135106 |  | 1241485 | 5627 | SH |  | SOLE |  | 0 | 0 | 5627 |
| AMERICAN FINL GROUP INC OHIO | COM | 025932104 |  | 684014 | 4669 | SH |  | SOLE |  | 0 | 0 | 4669 |
| AMERICAN HEALTHCARE REIT INC | COM SHS | 398182303 |  | 287163 | 6847 | SH |  | SOLE |  | 0 | 0 | 6847 |
| APPLE INC | COM | 037833100 |  | 4008266 | 15691 | SH |  | SOLE |  | 0 | 0 | 15691 |
| BERKSHIRE HATHAWAY INC DEL | CL B NEW | 084670702 |  | 239634 | 481 | SH |  | SOLE |  | 0 | 0 | 481 |
| BOOZ ALLEN HAMILTON HLDG COR | CL A | 099502106 |  | 579679 | 5650 | SH |  | SOLE |  | 0 | 0 | 5650 |
| BROOKFIELD INFRASTRUCTURE CO | COM SUB VTG A | 11276H106 |  | 622211 | 14957 | SH |  | SOLE |  | 0 | 0 | 14957 |
| CAPITAL GROUP CONSERVATIVE E | SHS | 14020U100 |  | 546804 | 18082 | SH |  | SOLE |  | 0 | 0 | 18082 |
| CAPITAL GROUP CORE BALANCED | SHS | 14021D107 |  | 285120 | 8179 | SH |  | SOLE |  | 0 | 0 | 8179 |
| CAPITAL GROUP CORE EQUITY ET | SHS CREATION UNI | 14020V108 |  | 4916684 | 123659 | SH |  | SOLE |  | 0 | 0 | 123659 |
| CAPITAL GROUP DIVIDEND GROWE | SHS ETF | 14021L109 |  | 993392 | 28488 | SH |  | SOLE |  | 0 | 0 | 28488 |
| CAPITAL GROUP DIVIDEND VALUE | SHS CREATION UNI | 14020W106 |  | 3311617 | 78307 | SH |  | SOLE |  | 0 | 0 | 78307 |
| CAPITAL GROUP EQUITY ETF TR | US SMALL AND MID | 14022A102 |  | 1784921 | 63049 | SH |  | SOLE |  | 0 | 0 | 63049 |
| CAPITAL GROUP GBL GROWTH EQT | SHS CREATION UNI | 14020X104 |  | 2881259 | 83709 | SH |  | SOLE |  | 0 | 0 | 83709 |
| CAPITAL GROUP GLOBAL EQUITY | SHS | 14020R107 |  | 1564766 | 50476 | SH |  | SOLE |  | 0 | 0 | 50476 |
| CAPITAL GROUP GROWTH ETF | SHS CREATION UNI | 14020G101 |  | 5280206 | 119570 | SH |  | SOLE |  | 0 | 0 | 119570 |
| CAPITAL GROUP INTERNATIONAL | SHS | 14021T102 |  | 485917 | 15644 | SH |  | SOLE |  | 0 | 0 | 15644 |
| CAPITAL GROUP INTERNATIONAL | SHS | 14021M107 |  | 394871 | 11590 | SH |  | SOLE |  | 0 | 0 | 11590 |
| CAPITAL GROUP NEW GEOGRAPHY | SHS | 14021N105 |  | 1070954 | 34436 | SH |  | SOLE |  | 0 | 0 | 34436 |
| CION INVT CORP | COM | 17259U204 |  | 235075 | 24902 | SH |  | SOLE |  | 0 | 0 | 24902 |
| COSTCO WHSL CORP NEW | COM | 22160K105 |  | 332077 | 362 | SH |  | SOLE |  | 0 | 0 | 362 |
| DANA INC | COM | 235825205 |  | 882895 | 44478 | SH |  | SOLE |  | 0 | 0 | 44478 |
| DISNEY WALT CO | COM | 254687106 |  | 279890 | 2478 | SH |  | SOLE |  | 0 | 0 | 2478 |
| DYNATRACE INC | COM NEW | 268150109 |  | 486337 | 10067 | SH |  | SOLE |  | 0 | 0 | 10067 |
| EMBECTA CORP | COMMON STOCK | 29082K105 |  | 911809 | 61986 | SH |  | SOLE |  | 0 | 0 | 61986 |
| FS CREDIT OPPORTUNITIES CORP | COMMON STOCK | 30290Y101 |  | 128828 | 18807 | SH |  | SOLE |  | 0 | 0 | 18807 |
| HANOVER INS GROUP INC | COM | 410867105 |  | 674674 | 3717 | SH |  | SOLE |  | 0 | 0 | 3717 |
| HARRIS OAKMARK ETF TRUST | OAKMARK U S LRG | 41456U106 |  | 16036814 | 600855 | SH |  | SOLE |  | 0 | 0 | 600855 |
| HERC HLDGS INC | COM | 42704L104 |  | 576991 | 4795 | SH |  | SOLE |  | 0 | 0 | 4795 |
| HOME DEPOT INC | COM | 437076102 |  | 203671 | 513 | SH |  | SOLE |  | 0 | 0 | 513 |
| HOPE BANCORP INC | COM | 43940T109 |  | 210519 | 19730 | SH |  | SOLE |  | 0 | 0 | 19730 |
| HYSTER-YALE INC | CL A | 449172105 |  | 502149 | 13594 | SH |  | SOLE |  | 0 | 0 | 13594 |
| INVESCO QQQ TR | UNIT SER 1 | 46090E103 |  | 241300 | 400 | SH |  | SOLE |  | 0 | 0 | 400 |
| ISHARES INC | ESG AWR MSCI EM | 46434G863 |  | 606608 | 13859 | SH |  | SOLE |  | 0 | 0 | 13859 |
| ISHARES TR | CORE S TTL STK | 464287150 |  | 8382119 | 57345 | SH |  | SOLE |  | 0 | 0 | 57345 |
| ISHARES TR | CORE S ETF | 464287200 |  | 1299339 | 1934 | SH |  | SOLE |  | 0 | 0 | 1934 |
| ISHARES TR | ESG AW MSCI EAFE | 46435G516 |  | 1279773 | 13648 | SH |  | SOLE |  | 0 | 0 | 13648 |
| ISHARES TR | ESG AWARE MSCI | 46435U663 |  | 1392279 | 30755 | SH |  | SOLE |  | 0 | 0 | 30755 |
| ISHARES TR | RUSSELL 2000 ETF | 464287655 |  | 41185472 | 169844 | SH |  | SOLE |  | 0 | 0 | 169844 |
| ISHARES TR | S 500 GRWT ETF | 464287309 |  | 259069 | 2137 | SH |  | SOLE |  | 0 | 0 | 2137 |
| LAMB WESTON HLDGS INC | COM | 513272104 |  | 777459 | 12538 | SH |  | SOLE |  | 0 | 0 | 12538 |
| LEGGETT  PLATT INC | COM | 524660107 |  | 543571 | 60870 | SH |  | SOLE |  | 0 | 0 | 60870 |
| LITMAN GREGORY FDS TR | IMGP DBI MANAGED | 53700T827 |  | 9009393 | 328690 | SH |  | SOLE |  | 0 | 0 | 328690 |
| LITMAN GREGORY FDS TR | POLEN CAP INTL G | 53700T736 |  | 1142941 | 121481 | SH |  | SOLE |  | 0 | 0 | 121481 |
| LOCKHEED MARTIN CORP | COM | 539830109 |  | 211576 | 424 | SH |  | SOLE |  | 0 | 0 | 424 |
| MICROSOFT CORP | COM | 594918104 |  | 946912 | 1822 | SH |  | SOLE |  | 0 | 0 | 1822 |
| MORGAN STANLEY ETF TRUST | CALVERT INTERNAT | 61774R106 |  | 1444982 | 20985 | SH |  | SOLE |  | 0 | 0 | 20985 |
| NEXSTAR MEDIA GROUP INC | COMMON STOCK | 65336K103 |  | 574652 | 2931 | SH |  | SOLE |  | 0 | 0 | 2931 |
| NUSHARES ETF TR | NUVEEN ESG US | 67092P870 |  | 1149143 | 51221 | SH |  | SOLE |  | 0 | 0 | 51221 |
| NVIDIA CORPORATION | COM | 67066G104 |  | 4503309 | 24051 | SH |  | SOLE |  | 0 | 0 | 24051 |
| NVR INC | COM | 62944T105 |  | 442006 | 55 | SH |  | SOLE |  | 0 | 0 | 55 |
| OLD REP INTL CORP | COM | 680223104 |  | 712744 | 16665 | SH |  | SOLE |  | 0 | 0 | 16665 |
| OMNICOM GROUP INC | COM | 681919106 |  | 602369 | 7778 | SH |  | SOLE |  | 0 | 0 | 7778 |
| ORACLE CORP | COM | 68389X105 |  | 634666 | 2196 | SH |  | SOLE |  | 0 | 0 | 2196 |
| PHILLIPS EDISON  CO INC | COMMON STOCK | 71844V201 |  | 389959 | 11419 | SH |  | SOLE |  | 0 | 0 | 11419 |
| ROCKET LAB CORP | COM | 773121108 |  | 239850 | 5000 | SH |  | SOLE |  | 0 | 0 | 5000 |
| SEALED AIR CORP NEW | COM | 81211K100 |  | 672264 | 18900 | SH |  | SOLE |  | 0 | 0 | 18900 |
| SEALSQ CORP | ORD SHS | G79483106 |  | 39900 | 10000 | SH |  | SOLE |  | 0 | 0 | 10000 |
| SPDR GOLD TR | GOLD SHS | 78463V107 |  | 315087 | 885 | SH |  | SOLE |  | 0 | 0 | 885 |
| TCW ETF TRUST | TRANSFRM 500 ETF | 29287L106 |  | 3427316 | 43526 | SH |  | SOLE |  | 0 | 0 | 43526 |
| TESLA INC | COM | 88160R101 |  | 670352 | 1459 | SH |  | SOLE |  | 0 | 0 | 1459 |
| TOUCHSTONE ETF TRUST | TOUCHSTONE SANDS | 89157W806 |  | 30645264 | 1018623 | SH |  | SOLE |  | 0 | 0 | 1018623 |
| UNIVERSAL INS HLDGS INC | COM | 91359V107 |  | 573824 | 22241 | SH |  | SOLE |  | 0 | 0 | 22241 |
| V F CORP | COM | 918204108 |  | 725494 | 47294 | SH |  | SOLE |  | 0 | 0 | 47294 |
| VANGUARD INTL EQUITY INDEX F | FTSE EMR MKT ETF | 922042858 |  | 2422760 | 44438 | SH |  | SOLE |  | 0 | 0 | 44438 |
| VANGUARD SCOTTSDALE FDS | VNG RUS1000GRW | 92206C680 |  | 201225 | 1660 | SH |  | SOLE |  | 0 | 0 | 1660 |
| VANGUARD SCOTTSDALE FDS | VNG RUS2000IDX | 92206C664 |  | 262992 | 2683 | SH |  | SOLE |  | 0 | 0 | 2683 |
| VANGUARD TAX-MANAGED FDS | VAN FTSE DEV MKT | 921943858 |  | 5550237 | 91937 | SH |  | SOLE |  | 0 | 0 | 91937 |
| VIRTUS ETF TR II | ALPHASIMPLEX MNG | 92790A876 |  | 8748969 | 374895 | SH |  | SOLE |  | 0 | 0 | 374895 |
| VOYA FINANCIAL INC | COM | 929089100 |  | 633464 | 8533 | SH |  | SOLE |  | 0 | 0 | 8533 |
| WASTE MGMT INC DEL | COM | 94106L109 |  | 214153 | 974 | SH |  | SOLE |  | 0 | 0 | 974 |
| WENDYS CO | COM | 95058W100 |  | 545037 | 57615 | SH |  | SOLE |  | 0 | 0 | 57615 |

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