Company: BCG
Filing Date: 2025-09-08
Form Type: 424B3
Source: 0001104659-25-088309
Chunk: 59

Company: Binah Capital Group, Inc.
Filing Date: 2025-09-08
Form: 424B3
Chunk 59
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 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’s account. The payout amount is production based, which is the gross revenue produced by the financial advisor, and varies based on the level of such production ranging from 50% to 95% of the revenue generated. The production levels begin at gross revenue of $15,000 up to $4,000,000 and up, and the payout rate starts at 50% and increases to a top payout rate of 94% for annual production of $4,000,000 and up.

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The following table sets forth our payout rate for the three and six-months ended June 30, 2025, which is a statistical or operating measure and monitored to review that such costs of revenue remain consistent on a period over period basis:

| ​            |   |                                     |   |       |   |        | ​ |
| ​            | ​ | For the three months ended June 30, |   |       | ​ |      ​ | ​ |
| ​            |   |                                2025 |   |  2024 |   | Change | ​ |
| Payout range | ​ |                               80.59 | % | 83.42 | % |   2.82 | % |

| ​            |   |                                   |   |       |   |        | ​ |
| ​            | ​ | For the six months ended June 30, |   |       | ​ |      ​ | ​ |
| ​            |   |                              2025 |   |  2024 |   | Change | ​ |
| Payout range | ​ |                             82.36 | % | 83.69 | % |   1.33 | % |

For the three and six-month periods ended June 30, 2025, the payout rate decreased as compared to 2024 as a result of the non-recurring nature of certain transactional products sold during the first quarter of 2024 which included a pay-out to the financial advisors in the range of 90%. The following table sets forth our payout rate for the years ended December 31, 2024 and 2023, which is a statistical or operating measure and monitored to review that such costs of revenue remain consistent on a period over period basis:

| ​            | ​ |