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.

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.