Binah Capital Group Inc (BCG) News & EventsBCGBinah Capital Group Inc

Binah Capital Group selected by Bleakley Financial

Binah Capital Group announced that Bleakley Financial Group, a registered investment advisor with over $10 Billion in AUM, has selected PKS Investments, a subsidiary of Binah Capital, as its friendly broker-dealer to support its hybrid business model. This partnership provides Bleakley with the support needed to sustain and strengthen its independence while accessing the scale, infrastructure, and advisor-first resources that define Binah Capital's hybrid-friendly platform. As part of the Binah Capital family, PKS Investments delivers the operational efficiency, compliance expertise, high-touch servicing, and flexibility that dually licensed independent RIAs require to thrive.

Binah Capital appoints Marcus as Chief Business Development, Engagement Officer

Binah Capital Group welcomes Ryan Marcus as its new Chief Business Development and Engagement Officer. In his new role, Marcus will work closely with Binah Capital's broker-dealers, including PKS Investments, Cabot Lodge Securities and World Equity Group, to develop and implement long-term business strategies. He will focus on enhancing market presence, building a unified value proposition and driving sustainable growth across the organization.

Binah Capital Group reports Q4 revenue up 8% to $45M YoY

Grew Total Revenue 8% Year-over-Year to $45 m in the Fourth Quarter 2024;Assets Under Management Increased 13% Year-over-Year to $27B...GAAP Net Loss of $1.1M in the Q4...Grew Adjusted EBITDA* 43% YoY to $2.m in the Fourth Quarter - As we celebrate the one-year anniversary of our successful public listing, we're pleased to deliver our 2024 fourth quarter results," stated Craig Gould, Chief Executive Officer of Binah Capital Group. "Beyond our solid financial performance, we've accomplished several key milestones over the past year: closing of the business combination, forming Binah Capital Group and listing on the NASDAQ, successful recruiting efforts, significantly reducing our cost of funding through the successful refinancing of our senior credit facility at favorable terms, and maintaining a mature and stable business despite ongoing market volatility." "Looking ahead, we are off to a strong start in 2025, with a robust acquisition and recruiting pipeline. We continue to uncover many significant opportunities to onboard additional new businesses as we execute on our external growth strategy. Moreover, our hybrid-friendly business model, coupled with the favorable market for opportunities in our sector, we believe positions us well to deliver profitable, long-term growth as we work to create significant value for our shareholders."