Company: BCG
Filing Date: 2025-02-14
Form Type: S-1
Source: 0001410578-25-000143
Chunk: 65

Company: Binah Capital Group, Inc.
Filing Date: 2025-02-14
Form: S-1
Chunk 65
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 following table summarizes activity impacting brokerage assets for the years ended:

| ​                             | ​ |            ​ | ​ |    ​ |
| ​                             | ​ |  Years Ended |   |      |
| ​                             | ​ | December 31, |   |      |
| ​                             |   |         2023 |   | 2022 |
| Balance - Beginning of period | ​ |         20.1 | ​ | 23.1 |
| Net new brokerage assets(1)   |   |         -3.1 |   |  1.5 |
| Market impact(2)              |   |          4.8 |   | -4.5 |
| Balance - End of period       |   |         21.8 |   | 20.1 |

| (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 client over

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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 14.7% and 11.7% for the three and nine-month periods ended September 30, 2024, respectively, as compared to the same periods in September 30, 2023, due to positive returns in the market offset by outflows of advisory assets. The following tables summarizes the advisory assets as of September 30, 2024 and 2023 (in billions):

| ​               
 ​               | ​ 
 ​ 
 ​ | ​                   
 As of September 30, |    ​ 
 2024 | ​ | ​ |    ​ 
 2023 |
|:----------------|:--|:--------------------|-----:|:--|:--|-----:|
| Advisory Assets | ​ | $                   |