Company: BCG
Filing Date: 2025-04-03
Form Type: S-1/A
Source: 0001410578-25-000637
Chunk: 50

Company: Binah Capital Group, Inc.
Filing Date: 2025-04-03
Form: S-1/A
Chunk 50
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 assets.

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Commission revenue is generated from brokerage assets. The following tables summarizes the brokerage assets for the years ended December 31, 2024 and 2023 (in billions):

| ​                |   |              |     |      |
| ​                | ​ |  Years Ended |     |      |
| ​                | ​ | December 31, |     |      |
| ​                |   |         2024 |     | 2023 |
| Brokerage Assets |   |         24.5 |     | 21.8 |

Included in the brokerage assets above are trail-eligible assets as follows:

| ​                     | ​ |  Years Ended |     |      |
| ​                     | ​ | December 31, |     |      |
| ​                     |   |         2024 |     | 2023 |
| Trail-Eligible Assets |   |         17.9 |     | 15.6 |

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

| ​                             | ​ |            ​ | ​ |    ​ |
| ​                             | ​ |  Years Ended |   |      |
| ​                             | ​ | December 31, |   |      |
| ​                             |   |         2024 |   | 2023 |
| Balance – Beginning of period |   |         21.8 |   | 20.1 |
| Net new brokerage assets(1)   |   |         -2.1 |   | -3.1 |
| Market impact(2)              |   |          4.8 |   |  4.8 |
| Balance – End of period       |   |         24.5 |   | 21.8 |

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

| (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. |

Advisory Fees Advisory fees represent fees charged to advisors’ clients’ accounts on the Company’s corporate advisory platform. The Company provides ongoing investment advice, brokerage and execution services on transactions, and performs administrative services for these accounts. These fees are recognized ratably over time to match the continued delivery of the performance obligations to the