Company: BCG
Filing Date: 2025-04-03
Form Type: S-1/A
Source: 0001410578-25-000637
Chunk: 51

Company: Binah Capital Group, Inc.
Filing Date: 2025-04-03
Form: S-1/A
Chunk 51
---
 client over the life of the contract. The advisory fees generated from the Company’s corporate advisory platform are based on a percentage of the market value of the eligible assets in the clients’ advisory accounts. Advisory fees increased by approximately 15% for the year ended December 31, 2024 as compared to December 31, 2023, due to the positive impact from the financial markets. The following tables summarizes the advisory assets for the years ended December 31, 2024 and 2023 (in billions):

| ​               | ​ |            ​ | ​ |    ​ |
| ​               | ​ | December 31, |   |      |
| ​               |   |         2024 |   | 2023 |
| Advisory Assets |   |          2.6 |   |  2.1 |

29

The following table summarizes activity impacting advisory assets for the years ended:

| ​                             | ​ |            ​ | ​ |    ​ |
| ​                             | ​ |  Years Ended |   |      |
| ​                             | ​ | December 31, |   |      |
| ​                             |   |         2024 |   | 2023 |
| Balance – Beginning of period |   |          2.1 |   |  2.1 |
| Net new advisory assets(1)    |   |         -0.0 |   | -0.6 |
| Market impact(2)              |   |          0.5 |   |  0.6 |
| Balance – End of period       |   |          2.6 |   |  2.1 |

| (1) | Net new advisory assets consist of total client deposits less client withdrawals from custodial accounts, plus dividends, plus interest, minus advisory fees. |

| (2) | Market impact is the difference between the beginning and ending asset balances less the net new asset amounts, representing the implied growth or decline in asset balances due to market change over the same period of time. |

Interest and other income Interest income includes amounts earned on balances held at the Company’s clearing brokers related to cash balances and margin balances. The Company’s clearing agreements include provisions that provide for a sharing of the interest income earned on such balances with the clearing brokers. The rate varies based on the clearing broker. Other income primarily includes amounts earned by the Company related to marketing and incentives earned from the sales of certain investment products by the