BINAH Capital Group Welcomes Recently Acquired Commonwealth Team to its Broker-Dealer Platform Through its Long-Standing Strategic Relationship with Merit Financial Advisors

Rhea-AI Summary

BINAH Capital Group (NASDAQ: BCG) announced on December 3, 2025 that a Chicago-based advisory team recently acquired by Merit Financial Advisors will use BINAH's PKS Investments as its friendly broker-dealer.

The team represents about $1.2 billion in client assets and will route commission-based business to PKS, which BINAH describes as a platform for independent RIAs backed by scale and infrastructure to support growth.

Positive

• $1.2B in client assets joining BINAH-linked broker-dealer
• New client relationship expands PKS Investments commission business
• Reinforces PKS position as friendly broker-dealer for independent RIAs

Negative

• None.

News Market Reaction

+5.11%

4 alerts

+5.11% News Effect

+4.2% Peak Tracked

-7.4% Trough Tracked

+$2M Valuation Impact

$42M Market Cap

0.0x Rel. Volume

On the day this news was published, BCG gained 5.11%, reflecting a notable positive market reaction. Argus tracked a peak move of +4.2% during that session. Argus tracked a trough of -7.4% from its starting point during tracking. Our momentum scanner triggered 4 alerts that day, indicating moderate trading interest and price volatility. This price movement added approximately $2M to the company's valuation, bringing the market cap to $42M at that time.

Data tracked by StockTitan Argus on the day of publication.

Key Figures

Client assets: $1.2 billion

1 metrics

Client assets $1.2 billion Assets represented by Chicago-based advisory team

Market Reality Check

Price: $2.58 Vol: Volume 45,915 is at 0.02x...

low vol

$2.58 Last Close

Volume Volume 45,915 is at 0.02x the 20-day average of 2,167,654, indicating light trading relative to recent history. low

Technical Price at $2.53 is trading above the 200-day MA of $2.04, after a 14.86% move over 24 hours.

Peers on Argus

BCG gained 14.86% while peers like EQS, RMCO, ICMB, and MGLD showed modest gains...

BCG gained 14.86% while peers like EQS, RMCO, ICMB, and MGLD showed modest gains between 0.45% and 6.26%, and GROW was flat, suggesting BCG’s move is more stock-specific than sector-driven.

Historical Context

5 past events · Latest: Dec 03 (Positive)

Pattern 5 events

Date	Event	Sentiment	Move	Catalyst
Dec 03	Client onboarding	Positive	+5.1%	Chicago advisory team with $1.2B assets selects PKS as broker-dealer.
Dec 02	Executive recognition	Positive	-2.9%	Business development executive named finalist in industry Luminaries awards.
Nov 25	Conference participation	Positive	+5.1%	Company scheduled to present at NobleCon21 emerging growth equity conference.
Nov 13	Earnings results	Positive	-3.7%	Q3 2025 revenue and earnings improved versus prior year with higher AUM.
Oct 23	Workplace award	Positive	+0.0%	PKS Investments recognized among Albany’s Best Places to Work again.

Pattern Detected

Recent news with generally positive business or brand implications has produced mixed price reactions, with some events leading to gains and others to flat or negative moves.

Recent Company History

Over the last few months, Binah Capital Group reported stronger fundamentals, with improved Q3 and nine-month 2025 results and higher assets under management on Nov 13, 2025. The company highlighted PKS Investments’ workplace recognition on Oct 23, 2025 and conference participation at NobleCon21 announced on Nov 25, 2025. Leadership visibility increased via an industry award nomination on Dec 2, 2025. Today’s announcement, dated Dec 3, 2025, expands PKS’s commission-based business via a Chicago advisory team representing $1.2 billion in client assets.

Market Pulse Summary

The stock moved +5.1% in the session following this news. A strong positive reaction aligns with an ...

Analysis

The stock moved +5.1% in the session following this news. A strong positive reaction aligns with an announcement that a Chicago-based advisory group representing about $1.2 billion in client assets chose PKS for its commission-based business. Historically, Binah’s positive corporate developments have led to both gains (e.g., conference participation at +5.07%) and selloffs (e.g., earnings at -3.72%). This mixed pattern suggests enthusiasm could moderate if broader fundamentals or execution concerns reassert themselves.

Key Terms

broker-dealer, commission-based business, rias

3 terms

broker-dealer financial

"team will use PKS Investments as its friendly broker-dealer"

A broker-dealer is a licensed firm or individual that both executes trades on behalf of clients (acting as a broker) and buys or sells securities for its own account (acting as a dealer). Investors care because broker-dealers provide the plumbing of markets — they place orders, hold or move cash and securities, offer research or advice, and their stability and fees directly affect trade execution, costs, and the safety of client funds; think of them as a combined travel agent and taxi for your investments.

commission-based business financial

"will use PKS Investments ("PKS") for its commission-based business"

A commission-based business earns most of its revenue by taking a fee or percentage from completed transactions or services rather than charging fixed prices. Think of it like a salesperson or real estate agent who gets paid only when a deal closes; this makes income closely tied to sales volume and client activity. For investors, that means revenue can grow quickly when demand spikes but is also more variable and sensitive to market swings, so cash flow and margins can fluctuate more than in fixed-fee businesses.

rias financial

"framework built for independent RIAs, and as part of BINAH"

Registered Investment Advisers (RIAs) are firms or individuals licensed to give personalized investment advice and manage client portfolios, and they are legally required to act in their clients’ best financial interest. Investors care because RIAs provide tailored planning and discretionary management much like a trusted financial coach who decides and adjusts investments on your behalf, which can affect portfolio costs, tax handling, and potential returns compared with other types of advisors.

AI-generated analysis. Not financial advice.

Chicago-Based, $1.2 Billion Team Will Use PKS Investments as its Friendly Broker-Dealer

NEW YORK, Dec. 03, 2025 (GLOBE NEWSWIRE) -- BINAH Capital Group, Inc. (“BINAH” or the “Company”) (NASDAQ: BCG; BCGWW), a leading financial-services enterprise supporting independent advisors through its affiliated broker-dealers, today announced that a former Commonwealth Financial Network advisory group, recently acquired by Merit Financial Advisors (Merit), will utilize PKS Investments, a BINAH company, as its broker-dealer. 

The Chicago-based team, representing about 1.2 billion dollars in client assets, will use PKS Investments ("PKS") for its commission-based business. PKS provides a friendly broker-dealer framework built for independent RIAs, and as part of BINAH, offers a best-in-class platform backed by both scale and infrastructure to support organizations as they grow.

Craig Gould, CEO of BINAH Capital Group, said, "Our experience and track record provide transitioning advisors with the confidence that an experienced operator will support their commission-based business."

About Binah Capital Group

Binah Capital Group (“Binah Capital”, “Binah” or the “Company”), is a financial services enterprise that owns and operates a network of industry-leading firms that empower independent financial advisors. As a national broker-dealer aggregator, Binah specializes in delivering value through its innovative hybrid-friendly model, making it an optimal platform for RIAs navigating today’s complex financial landscape. Binah’s portfolio companies are built to help advisors run, manage, and execute commission-based business seamlessly while providing best in class resources to support their advisory practice. We don’t just offer tools—we cultivate partnerships. Binah Capital Group stands alongside RIAs as a trusted ally, delivering the structure, flexibility, and cutting-edge solutions they need to succeed in an increasingly competitive marketplace.

For more, please visit: www.binahcap.com

Contact:

Binah Capital Investor Relations
Mary T. Conway
Conway Communications
mtconway@conwaycommsir.com

Binah Capital Media Relations
Donald Cutler or Lorene Yue
Haven Tower Group
(424) 317-4864 or (424) 317-4854
binah@haventower.com

FAQ

What did BINAH Capital Group announce on December 3, 2025 about PKS Investments?

BINAH said a Chicago advisory team acquired by Merit will use PKS Investments as its commission-based broker-dealer.

How much client assets does the acquired Chicago team represent for BCG?

The advisory team represents about $1.2 billion in client assets.

Will the Chicago team use PKS Investments for fee-based or commission-based business?

The team will use PKS Investments for its commission-based business.

Which firm acquired the Chicago advisory team that will join PKS Investments?

The team was acquired by Merit Financial Advisors and will use PKS through BINAH.

What does BINAH say PKS Investments offers independent advisors?

BINAH describes PKS as a friendly broker-dealer with scale and infrastructure to support growth.