Binah Capital Stock Price, News & Analysis

Binah Capital Group (NASDAQ: BCG) announced that its subsidiary PKS Investments has been named a finalist in two categories for the 2025 Wealth Management Industry Awards. PKS is recognized in the Transition Support/Transition Services category for its excellence in advisor transition solutions, and its CEO Katherine Flouton is nominated for Chief Executive Officer of the Year. PKS has successfully supported thousands of advisor transitions through its high-touch service model and operational excellence. The Wealth Management Industry Awards, in its 11th year, honors outstanding achievements in supporting financial advisor success. Winners will be announced at a ceremony in New York City on September 4th.

Binah Capital Group (NASDAQ: BCG) reported strong Q1 2025 financial results, with total revenue growing 18% year-over-year to $49 million. The company's Assets Under Management (AuM) increased 3% year-over-year to $26 billion. Notable improvements include achieving GAAP net income of $1 million, compared to a loss of $1.6 million in the prior year, and EBITDA increasing to $2.2 million from breakeven. Operating expenses decreased to $7 million from $10 million year-over-year. The company maintained a solid liquidity position with $9 million in cash and $25 million in long-term debt. Post-quarter, Binah welcomed Bleakley Financial Group and appointed Ryan Marcus as Chief Business Development and Engagement Officer.

Binah Capital Group (NASDAQ: BCG) announced that Bleakley Financial Group, a registered investment advisor (RIA) with over $10 Billion in AUM, has chosen PKS Investments, a Binah Capital subsidiary, as its broker-dealer for hybrid advisory services. This strategic partnership enables Bleakley to maintain its independence while leveraging Binah Capital's hybrid-friendly platform infrastructure and resources.

PKS Investments, as part of the Binah Capital family, provides operational efficiency, compliance expertise, and high-touch servicing with seamless integration across leading custodians. The collaboration reinforces Binah Capital's position as a leading strategic partner for independent RIAs, offering infrastructure and personalized support while preserving their autonomy.

Binah Capital Group (NASDAQ: BCG) has appointed Ryan Marcus as its new Chief Business Development and Engagement Officer. Marcus, who previously held senior positions at MarketCounsel, will collaborate with Binah Capital's broker-dealers including PKS Investments, Cabot Lodge Securities, and World Equity Group to develop and implement long-term business strategies. His role will focus on enhancing market presence, building a unified value proposition, and driving sustainable growth across the organization.

Marcus brings extensive experience in the wealth management space and is known for his relationship-focused approach. CEO Craig Gould highlighted Marcus's understanding of trust, transparency, and long-term value creation as key assets for the company's strategic growth plans.

Binah Capital Group (NASDAQ: BCG) announces that CFO David Shane has been named among the Top 5 Wealth Management CFOs by Wealth Solutions Report in their annual 'CFO 5' list. The recognition acknowledges Shane's three-decade career in financial services, including his experience with broker-dealers, RIA firms, and asset managers.

Shane has been important in managing Binah's financial operations during its first year as a public company. CEO Craig Gould praised Shane's ability to combine rigorous financial management with forward-thinking leadership, emphasizing the company's commitment to creating shareholder value through long-term growth strategies.

Binah Capital Group (NASDAQ: BCG) reported its Q4 and full-year 2024 results, marking one year since its public listing. In Q4, total revenue grew 8% year-over-year to $45 million, while Assets Under Management increased 13% to $27 billion. The company posted a GAAP net loss of $1.1 million but saw Adjusted EBITDA grow 43% to $2.0 million.

For full-year 2024, revenue increased 1% to $169 million with a gross profit of $32 million. The company reported a GAAP net loss of $5.3 million, compared to net income of $0.6 million in 2023. Adjusted EBITDA was $6.3 million, down from $8.4 million in 2023. The company successfully refinanced its $20.0 million senior notes and ended the year with $8 million in cash and $25 million in long-term debt.

Binah Capital Group (NASDAQ: BCG) has been recognized in Financial Planning's 'Top IBD Moves and M&A Deals of 2024' list for its involvement in four major financial transactions during 2024. The company, which operates a network of independent financial advisory firms, played a significant role in deals involving Americana Partners, Merit Financial Advisors, Wentworth Management Services, and Perigon Wealth Management.

These transactions demonstrate Binah's capability in facilitating partnerships and expanding market presence in the financial advisory sector. CEO Craig Gould emphasized that these deals showcase the company's commitment to empowering independent advisory firms with necessary tools and strategies for market success, particularly during a period of significant industry consolidation.

Binah Capital Group (NASDAQ: BCG) announced that CEO Craig Gould has been named to the prestigious InvestmentNews Hot List, recognizing top financial professionals in the United States. The award acknowledges Gould's visionary leadership and contributions to the financial services sector.

Under Gould's leadership, Binah has achieved notable milestones, including a successful public listing in 2024 and significant growth in its network of broker-dealers, insurance brokerages, and advisory firms. The company has established itself as a key player in wealth management, focusing on supporting the trend toward independence in financial services.

The recognition highlights Binah's commitment to empowering independent financial advisors and enabling them to effectively operate and monetize their practices.

Binah Capital Group (NASDAQ: BCG) proudly announces that its subsidiary, PKS Investments, has been recognized as one of Albany's Best Places to Work by the Albany Business Review. This prestigious award places PKS among the top large companies (100+ employees) in the Albany area for employee satisfaction and workplace culture.

The Best Places to Work annual award program, now in its 21st year, is based on employee feedback collected through surveys conducted by Quantum Workplace. Companies are selected based on their ability to create an exceptional work environment that fosters employee engagement and satisfaction.

Craig Gould, CEO of Binah Capital Group, expressed honor at the recognition, stating it reflects their commitment to creating a thriving workplace. This award comes at an exciting time for Binah Capital Group, which went public earlier this year, underscoring the strength of PKS as a key subsidiary and reinforcing Binah's position as a leader in the wealth management industry.