Company: BCG
Filing Date: 2025-02-14
Form Type: S-1
Source: 0001410578-25-000143
Chunk: 66

Company: Binah Capital Group, Inc.
Filing Date: 2025-02-14
Form: S-1
Chunk 66
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 | Net new advisory assets consist of total client deposits less client withdrawals from custodial accounts, plus dividends, plus interest, minus advisory fees. |

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

| ​                             | ​ |            ​ | ​ |     ​ |
| ​                             |   |  Years Ended |   |       |
| ​                             | ​ | December 31, |   |       |
| ​                             |   |         2023 |   |  2022 |
| Balance - Beginning of period |   |        2,129 |   | 2,518 |
| Net new advisory assets(1)    |   |         -531 |   |    98 |
| Market impact(2)              |   |          489 |   |  -487 |
| Balance - End of period       |   |        2,087 |   | 2,129 |

| (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. |

40

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 financial advisors to its clients, primarily alternative investments, as well as sponsorship income. The decrease in interest and other income for the period ended September 30, 2024, compared to 2023 is primarily related to a non-recurring income item that was earned in March 2023. Operating Expenses Commissions and Fees Commissions and fees primarily consist of commissions paid to the financial advisors, technology costs associated with the platform for which the financial advisors operate their business, insurance costs and regulatory costs. Certain of the technology, insurance and regulatory costs are passed through to the financial advisors and any excess costs are included as fees within commissions and fees. The commissions and fees paid to the financial advisors are based on the advisory and commission revenue earned on each client