Company: BCG
Filing Date: 2025-02-14
Form Type: S-1
Source: 0001410578-25-000143
Chunk: 206

Company: Binah Capital Group, Inc.
Filing Date: 2025-02-14
Form: S-1
Chunk 206
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 client over time as the services are performed. These revenues are recognized ratably over time to match the continued delivery of the performance obligations to the client over the life of the contract. The advisory revenues 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. As such, the consideration for these revenues is variable and an estimate of the variable consideration is constrained due to dependence on unpredictable market impacts on client portfolio values. The constraint is removed once the portfolio value can be determined.

The Company provides advisory services to clients on its corporate advisory platform through the advisor. The Company is the principal in these arrangements and recognizes advisory revenues on a gross basis, as the Company is responsible for satisfying the performance obligations and has control over determining the fees.

F-37

| 4. | REVENUES FROM CONTRACTS WITH CUSTOMERS (continued) |

The following table presents total revenue from contracts with customers disaggregated by investment product for the periods ended September 30 (in thousands):

| ​                                                  | ​ |                  ​ |      ​ | ​ |    ​ |      ​ | ​ |                 ​ |       ​ | ​ |    ​ |       ​ |
| ​                                                  | ​ | Three Months Ended |        |   |      |        | ​ | Nine Months Ended |         |   |      |         |
| ​                                                  | ​ |      September 30, |        |   |      |        | ​ |     September 30, |         |   |      |         |
| Revenue From Contracts With Customers              |   |               2024 |        |   | 2023 |        |   |              2024 |         |   | 2023 |         |
| Variable annuities and other insurance commissions | ​ |                  $ | 24,873 | ​ |    $ | 26,614 | ​ |                 $ |  74,943 | ​ |    $ |  77,455 |
| Mutual fund commissions                            | ​ |                    |  5,129 | ​ |      |  4,149 | ​ |                   |  15,037 | ​ |      |  13,860 |
| Securities commissions                             | ​ |                    |  3,201 | ​ |      |  3,165 | ​ |                   |   8,790 | ​ |      |   8,737 |
| Alternative investments                            | ​ |                    |  1,