# EDGAR Filing Document

**Accession Number:** 0001602603
**File Stem:** 0001602603-25-000003
**Filing Date:** 2025-8
**Character Count:** 13067
**Document Hash:** d94a8b5c61d5a1fc7bc7c239a08e20b0
**Contains OCR:** False
**Source Format:** 

## Filing Content

## Filing Summary
**0001602603-25-000003.hdr.sgml**: 20250808

**ACCESSION NUMBER**: 0001602603-25-000003

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

**PUBLIC DOCUMENT COUNT**: 2

**CONFORMED PERIOD OF REPORT**: 20250630

**FILED AS OF DATE**: 20250808

**DATE AS OF CHANGE**: 20250808

**EFFECTIVENESS DATE**: 20250808

**FILER**: 

**COMPANY DATA:**
- **COMPANY CONFORMED NAME:** Family Firm, Inc.
- **CENTRAL INDEX KEY:** 0001602603

**ORGANIZATION NAME:**
- **EIN:** 521342887
- **STATE OF INCORPORATION:** MD
- **FISCAL YEAR END:** 1231

**FILING VALUES:**
- **FORM TYPE:** 13F-HR
- **SEC ACT:** 1934 Act
- **SEC FILE NUMBER:** 028-16435
- **FILM NUMBER:** 251197208

**BUSINESS ADDRESS:**
- **STREET 1:** 8120 WOODMONT AVE
- **STREET 2:** 630
- **CITY:** BETHESDA
- **STATE:** MD
- **ZIP:** 20814
- **BUSINESS PHONE:** 301-656-3999

**MAIL ADDRESS:**
- **STREET 1:** 8120 WOODMONT AVE
- **STREET 2:** 630
- **CITY:** BETHESDA
- **STATE:** MD
- **ZIP:** 20814

### FORM 13F COVER PAGE

**Report for the Calendar Year or Quarter Ended:** 06-30-2025

**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:** Family Firm Inc.<br>**Address:** 8120 WOODMONT AVE<br>630<br>BETHESDA, MD 20814

**Form 13F File Number:** 028-16435

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:** Samuel Lyman<br>**Title:** Compliance Consultant<br>**Phone:** 720-210-9470

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

Samuel Lyman  Broomfield, CO  08-08-2025<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:** 87

**Form 13F Information Table Value Total:** $414949293

      (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 |
| ISHARES U S  HOME CONSTRUCTION ETF | ETF | 464288752 |  | 947237 | 10167 | SH |  | SOLE |  | 10166 | 0 | 0 |
| CISCO SYS INC COM | Stock | 17275R102 |  | 710629 | 10243 | SH |  | SOLE |  | 10242 | 0 | 0 |
| ISHARES S 500 VALUE ETF | ETF | 464287408 |  | 2043525 | 10457 | SH |  | SOLE |  | 10457 | 0 | 0 |
| INVESCO HIGH YIELD EQUITY DIVIDEND ACHIEVERS ETF | ETF | 46137V563 |  | 215040 | 10536 | SH |  | SOLE |  | 10536 | 0 | 0 |
| ISHARES RUSSELL 1000 ETF | ETF | 464287622 |  | 3644659 | 10733 | SH |  | SOLE |  | 10733 | 0 | 0 |
| EXXON MOBIL CORP COM | Stock | 30231G102 |  | 1158376 | 10746 | SH |  | SOLE |  | 10745 | 0 | 0 |
| Agriculture Producers Index | ETF | 464286350 |  | 433567 | 10772 | SH |  | SOLE |  | 10771 | 0 | 0 |
| LAM RESEARCH CORP COM NEW | Stock | 512807306 |  | 1052013 | 10808 | SH |  | SOLE |  | 10807 | 0 | 0 |
| SABA CAPITAL INCOME  OPPORTUN COM NEW | CEF | 880198205 |  | 105247 | 11452 | SH |  | SOLE |  | 11452 | 0 | 0 |
| ISHARES MSCI UNITED KINGDOM ETF | ETF | 46435G334 |  | 460264 | 11588 | SH |  | SOLE |  | 11587 | 0 | 0 |
| ISHARES JPX-NIKKEI 400 ETF | ETF | 464287382 |  | 943066 | 11771 | SH |  | SOLE |  | 11771 | 0 | 0 |
| VANGUARD FTSE EUROPE ETF | ETF | 922042874 |  | 938424 | 12109 | SH |  | SOLE |  | 12108 | 0 | 0 |
| ISHARES BIOTECHNOLOGY ETF | ETF | 464287556 |  | 1620492 | 12809 | SH |  | SOLE |  | 12809 | 0 | 0 |
| ISHARES MSCI AUSTRALIA ETF | ETF | 464286103 |  | 343290 | 13043 | SH |  | SOLE |  | 13042 | 0 | 0 |
| ISHARES CORE S U S  GROWTH ETF | ETF | 464287671 |  | 1984267 | 13193 | SH |  | SOLE |  | 13193 | 0 | 0 |
| ISHARES U S  OIL EQUIPMENT  SERVICES ETF | ETF | 464288844 |  | 227768 | 13422 | SH |  | SOLE |  | 13421 | 0 | 0 |
| ISHARES U S  TELECOMMUNICATIONS ETF | ETF | 464287713 |  | 430048 | 14441 | SH |  | SOLE |  | 14440 | 0 | 0 |
| INVESCO SOLAR ETF | ETF | 46138G706 |  | 522347 | 15247 | SH |  | SOLE |  | 15246 | 0 | 0 |
| ISHARES EXPANDED TECH SECTOR ETF | ETF | 464287549 |  | 1742257 | 15509 | SH |  | SOLE |  | 15508 | 0 | 0 |
| ISHARES U S  ENERGY ETF | ETF | 464287796 |  | 743723 | 16447 | SH |  | SOLE |  | 16446 | 0 | 0 |
| ISHARES S MID-CAP 400 GROWTH ETF | ETF | 464287606 |  | 1512439 | 16624 | SH |  | SOLE |  | 16623 | 0 | 0 |
| ISHARES 1-3 YEAR INTERNATIONAL TREASURY BOND ETF | ETF | 464288125 |  | 1311159 | 17126 | SH |  | SOLE |  | 17125 | 0 | 0 |
| SCHWAB INTERNATIONAL EQUITY ETF | ETF | 808524805 |  | 395978 | 17918 | SH |  | SOLE |  | 17917 | 0 | 0 |
| ISHARES MICRO-CAP ETF | ETF | 464288869 |  | 2339313 | 18325 | SH |  | SOLE |  | 18324 | 0 | 0 |
| ISHARES 20 YEAR TREASURY BOND ETF | ETF | 464287432 |  | 1473589 | 18338 | SH |  | SOLE |  | 18338 | 0 | 0 |
| ISHARES S MID-CAP 400 VALUE ETF | ETF | 464287705 |  | 2315098 | 18734 | SH |  | SOLE |  | 18733 | 0 | 0 |
| ENCOMPASS HEALTH CORP COM | Stock | 29261A100 |  | 2462043 | 20077 | SH |  | SOLE |  | 20077 | 0 | 0 |
| BROADCOM INC COM | Stock | 11135F101 |  | 5870735 | 21298 | SH |  | SOLE |  | 21297 | 0 | 0 |
| ISHARES U S  UTILITIES ETF | ETF | 464287697 |  | 2338566 | 22364 | SH |  | SOLE |  | 22363 | 0 | 0 |
| ISHARES GLOBAL HEALTHCARE ETF | ETF | 464287325 |  | 1926811 | 22381 | SH |  | SOLE |  | 22381 | 0 | 0 |
| ENERGY SELECT SECTOR SPDR FUND | ETF | 81369Y506 |  | 2001949 | 23605 | SH |  | SOLE |  | 23605 | 0 | 0 |
| ISHARES MSCI EAFE SMALL-CAP ETF | ETF | 464288273 |  | 1732799 | 23841 | SH |  | SOLE |  | 23841 | 0 | 0 |
| ISHARES CORE S 500 ETF | ETF | 464287200 |  | 15168073 | 24429 | SH |  | SOLE |  | 24429 | 0 | 0 |
| VANGUARD S 500 VALUE ETF | ETF | 921932703 |  | 4636849 | 24571 | SH |  | SOLE |  | 24571 | 0 | 0 |
| PIMCO ACTIVE BOND EXCHANGE-TRADED FUND | ETF | 72201R775 |  | 2280525 | 24740 | SH |  | SOLE |  | 24739 | 0 | 0 |
| ISHARES CORE MSCI EAFE ETF | ETF | 46432F842 |  | 2229130 | 26703 | SH |  | SOLE |  | 26702 | 0 | 0 |
| ISHARES CORE S MID-CAP ETF | ETF | 464287507 |  | 1663096 | 26815 | SH |  | SOLE |  | 26815 | 0 | 0 |
| VANGUARD ENERGY ETF | ETF | 92204A306 |  | 3274529 | 27489 | SH |  | SOLE |  | 27489 | 0 | 0 |
| ISHARES S SMALL-CAP 600 GROWTH ETF | ETF | 464287887 |  | 3693696 | 27764 | SH |  | SOLE |  | 27763 | 0 | 0 |
| ISHARES MSCI CANADA ETF | ETF | 464286509 |  | 1299252 | 28122 | SH |  | SOLE |  | 28122 | 0 | 0 |
| ISHARES MSCI BRAZIL ETF | ETF | 464286400 |  | 814842 | 28244 | SH |  | SOLE |  | 28244 | 0 | 0 |
| ISHARES 7-10 YEAR TREASURY BOND ETF | ETF | 464287440 |  | 2824287 | 29490 | SH |  | SOLE |  | 29490 | 0 | 0 |
| AFLAC INC COM | Stock | 001055102 |  | 3156773 | 29933 | SH |  | SOLE |  | 29933 | 0 | 0 |
| ISHARES LATIN AMERICA 40 ETF | ETF | 464287390 |  | 797655 | 30433 | SH |  | SOLE |  | 30433 | 0 | 0 |
| ISHARES 1-3 YEAR TREASURY BOND ETF | ETF | 464287457 |  | 2482037 | 31169 | SH |  | SOLE |  | 31169 | 0 | 0 |
| ISHARES US FINANCIAL SERVICES ETF | ETF | 464287770 |  | 2684996 | 31367 | SH |  | SOLE |  | 31366 | 0 | 0 |
| ISHARES CORE S SMALL CAP ETF | ETF | 464287804 |  | 3590340 | 32851 | SH |  | SOLE |  | 32851 | 0 | 0 |
| ISHARES U S  REGIONAL BANKS ETF | ETF | 464288778 |  | 1661730 | 33536 | SH |  | SOLE |  | 33536 | 0 | 0 |
| SPDR S METALS  MINING ETF | ETF | 78464A755 |  | 2333471 | 34714 | SH |  | SOLE |  | 34713 | 0 | 0 |
| APPLE INC COM | Stock | 037833100 |  | 7378878 | 35965 | SH |  | SOLE |  | 35964 | 0 | 0 |
| ISHARES MSCI GLOBAL METALS  MINING PRODUCERS ETF | ETF | 46434G848 |  | 1393588 | 37064 | SH |  | SOLE |  | 37063 | 0 | 0 |
| VANGUARD FTSE ALL-WORLD EX-US SMALL-CAP ETF | ETF | 922042718 |  | 5249901 | 39065 | SH |  | SOLE |  | 39064 | 0 | 0 |
| VANGUARD RUSSELL 3000 ETF | ETF | 92206C599 |  | 11377158 | 41713 | SH |  | SOLE |  | 41712 | 0 | 0 |
| BERKSHIRE HATHAWAY INC DEL CL B NEW | Stock | 084670702 |  | 1341045 | 41862 | SH |  | SOLE |  | 41861 | 0 | 0 |
| ISHARES MSCI GLOBAL GOLD MINERS ETF | ETF | 46434G855 |  | 1955001 | 44655 | SH |  | SOLE |  | 44655 | 0 | 0 |
| ISHARES S 500 GROWTH ETF | ETF | 464287309 |  | 5348223 | 48576 | SH |  | SOLE |  | 48576 | 0 | 0 |
| NVIDIA CORPORATION COM | Stock | 67066G104 |  | 8011568 | 50709 | SH |  | SOLE |  | 50709 | 0 | 0 |
| ISHARES EUROPE ETF | ETF | 464287861 |  | 3429587 | 54223 | SH |  | SOLE |  | 54222 | 0 | 0 |
| INVESCO WILDERHILL CLEAN ENERGY ETF | ETF | 46137V134 |  | 1186411 | 59559 | SH |  | SOLE |  | 59558 | 0 | 0 |
| ISHARES CORE U S  AGGREGATE BOND ETF | ETF | 464287226 |  | 6014131 | 60626 | SH |  | SOLE |  | 60626 | 0 | 0 |
| ISHARES MSCI EMERGING MARKETS ETF | ETF | 464287234 |  | 2966830 | 61501 | SH |  | SOLE |  | 61501 | 0 | 0 |
| VANGUARD REAL ESTATE ETF | ETF | 922908553 |  | 6014958 | 67538 | SH |  | SOLE |  | 67538 | 0 | 0 |
| ISHARES MSCI EAFE ETF | ETF | 464287465 |  | 6509008 | 72816 | SH |  | SOLE |  | 72815 | 0 | 0 |
| ISHARES S SMALL-CAP 600 VALUE ETF | ETF | 464287879 |  | 7556624 | 75954 | SH |  | SOLE |  | 75953 | 0 | 0 |
| ISHARES SELECT U S  REIT ETF | ETF | 464287564 |  | 4860028 | 79464 | SH |  | SOLE |  | 79464 | 0 | 0 |
| ISHARES TIPS BOND ETF | ETF | 464287176 |  | 9687258 | 88034 | SH |  | SOLE |  | 88033 | 0 | 0 |
| ISHARES U S  TREASURY BOND ETF | ETF | 46429B267 |  | 2125179 | 92479 | SH |  | SOLE |  | 92479 | 0 | 0 |
| SCHWAB U S  SMALL-CAP ETF | ETF | 808524607 |  | 2779813 | 109874 | SH |  | SOLE |  | 109874 | 0 | 0 |
| ISHARES INTERNATIONAL DEVELOPED REAL ESTATE ETF | ETF | 464288489 |  | 2604182 | 114621 | SH |  | SOLE |  | 114620 | 0 | 0 |
| ISHARES GLOBAL ENERGY ETF | ETF | 464287341 |  | 4635070 | 117971 | SH |  | SOLE |  | 117970 | 0 | 0 |
| SPDR DOUBLELINE TOTAL RETURN TACTICAL ETF | ETF | 78467V848 |  | 4910502 | 122426 | SH |  | SOLE |  | 122425 | 0 | 0 |
| NUVEEN CR STRATEGIES INCOME FD COM SHS | CEF | 67073D102 |  | 668635 | 124051 | SH |  | SOLE |  | 124051 | 0 | 0 |
| VANGUARD FTSE EMERGING MARKETS ETF | ETF | 922042858 |  | 6196757 | 125288 | SH |  | SOLE |  | 125288 | 0 | 0 |
| FLAHERTY  CRUMRINE PFD SECS I COM | CEF | 338478100 |  | 2130436 | 130782 | SH |  | SOLE |  | 130781 | 0 | 0 |
| ABRDN ASIA PACIFIC INCOME FUND COM NEW | CEF | 003009867 |  | 2085197 | 130980 | SH |  | SOLE |  | 130979 | 0 | 0 |
| SPDR FTSE INTERNATIONAL GOVERNMENT INFLATION-PROTECTED BOND ETF | ETF | 78464A490 |  | 5841320 | 146472 | SH |  | SOLE |  | 146472 | 0 | 0 |
| ISHARES 0-5 YEAR TIPS BOND ETF | ETF | 46429B747 |  | 15318200 | 148850 | SH |  | SOLE |  | 148850 | 0 | 0 |
| ISHARES INTERNATIONAL TREASURY BOND ETF | ETF | 464288117 |  | 7426534 | 172309 | SH |  | SOLE |  | 172309 | 0 | 0 |
| ISHARES RUSSELL 3000 ETF | ETF | 464287689 |  | 64732325 | 184423 | SH |  | SOLE |  | 184422 | 0 | 0 |
| TEMPLETON EMERGING MKTS FD COM | CEF | 880191101 |  | 3177290 | 217772 | SH |  | SOLE |  | 217771 | 0 | 0 |
| BLACKROCK CORE BD TR SHS BEN INT | CEF | 09249E101 |  | 2345008 | 241256 | SH |  | SOLE |  | 241255 | 0 | 0 |
| ROYCE MICRO-CAP TR INC COM | CEF | 780915104 |  | 2240426 | 284626 | SH |  | SOLE |  | 284626 | 0 | 0 |
| ISHARES NORTH AMERICAN NATURAL RESOURCES ETF | ETF | 464287374 |  | 14010531 | 316622 | SH |  | SOLE |  | 316622 | 0 | 0 |
| VANECK IG FLOATING RATE ETF | ETF | 92189F486 |  | 8115867 | 318269 | SH |  | SOLE |  | 318269 | 0 | 0 |
| VANGUARD TOTAL BOND MARKET ETF | ETF | 921937835 |  | 23658235 | 321312 | SH |  | SOLE |  | 321312 | 0 | 0 |
| SCHWAB U S  BROAD MARKET ETF | ETF | 808524102 |  | 10529545 | 441861 | SH |  | SOLE |  | 441860 | 0 | 0 |
| VANGUARD FTSE DEVELOPED MARKETS ETF | ETF | 921943858 |  | 38600045 | 677075 | SH |  | SOLE |  | 677074 | 0 | 0 |

---