Binah Capital Group, Inc. · NASDAQ:BCG
Binah Capital — Investor Presentation (August 2026)
18 slides from Binah Capital's investor presentation, Aug 20, 2026
Slide 1: Empowering Independent Advisors
NASDAQ:BCG Across all business models. AUGUST 2026 Empowering Independent Advisors
Slide 2: General and Forward-Looking Information
General. This presentation (this “Presentation”) is provided solely for informational purposes. This Presentation is subject to update , c ompletion, revision, verification, and further amendment. None of Binah Capital Group (“Binah”, the “Company”, "we", "our", o r " us") or its affiliates has auth
Slide 3: National Platform: Built for the hybrid advisor
NATIONAL PLATFORM Built for the hybrid advisor 1,600 + Financial advisors 1 $31.6 B Assets under management 2 $400 B Affiliated AUM 3 4 Established brands NATIONAL REACH More than 600 offices across all 50 states Open - architecture platform Custodial flexibility Adaptable clearing Advisory growth s
Slide 4: The Platform: Four broker-dealers, one operating platform
THE PLATFORM Four broker - dealers, one operating platform Cabot Lodge Securities Purshe Kaplan Sterling PKS Securities World Equity Group WHAT THE PLATFORM PROVIDES Brokerage and investment advisory under registered investment adviser (RIA) capabilities Clearing and custody relationships supporting
Slide 5: Growth Strategy: A dual growth engine
GROWTH STRATEGY A dual growth engine, and both engines compound ORGANIC Recruiting Recruit experienced advisors from wirehouses, regional firms and other independent broker - dealers, supported by transition assistance and a choice of affiliation model. INORGANIC Acquisitions Acquire broker - dealer
Slide 6: The Structural Shift: A large market moving toward independence
THE STRUCTURAL SHIFT A large market moving toward independence +21.5% Fastest - growing major channel Independent broker - dealer advisor - managed assets grew 21.5% year over year. ~16% Share of U.S. industry assets The channel holds roughly one - sixth of total industry assets and continues to tak
Slide 7: Industry Structure: A fragmented industry and long consolidation runway
INDUSTRY STRUCTURE A fragmented industry, & a long consolidation runway Sub - scale firms face mounting technology, compliance and succession pressure. Scaled, well - capitalized platforms are the natural consolidators. 79 Independent broker - dealers remained at year - end 2024, down from 124 a dec
Slide 8: The X-Trend: Positioned at the industry crossover
THE X - TREND Positioned at the industry crossover −17.6% FINRA - registered firms * +11.8% Investment adviser firms ** CROSSOVER Broker - dealer firm counts are falling while investment - adviser firms keep growing. INTERSECTION Binah is a hybrid broker - dealer and RIA platform, built for independ
Slide 9: Enterprise Relationships
ENTERPRISE RELATIONSHIPS Advisors keep the partners they already work with Binah Capital Group | 9
Slide 10: Clearing Agnostic: Advisors transition without changing custodian
CLEARING AGNOSTIC Advisors transition without changing custodian Full clearing and custodial access across the major platforms removes the repapering friction that stalls most advisor transitions. Binah Capital Group | 10
Slide 11: Asset Growth: Six years of consistent AUM growth
ASSET GROWTH Six years of consistent AUM growth ADVISORY & BROKERAGE AUM ($B) 6 - YR CAGR 12.9% $23.9B 2023 $27.1B 2024 $29.9B 2025 $31.6 B 2026 KEY DRIVERS Full clearing and custodian access Transitions are smooth: no custodial change, no disruption. Affiliation models built around the advisor Flex
Slide 12: Summary financial information
AUGUST 2026 Summary financial information. Binah Capital Group | 12
Slide 13: Financial Highlights: Quarterly key financial metrics
FINANCIAL HIGHLIGHTS Quarterly key financial metrics. Q2 2025 Q3 2025 Q4 2025 Q1 2026 Q2 2026 Gross Profit $ 6,627 7,407 7,653 7,307 7,354 Advisory fees Commissions 19,128 21,023 21,332 21,991 20,890 Trailing commissions 14,868 16,346 19,602 17,767 17,170 Sales - based commissions 40,623 44,776 48,5
Slide 14: Financial Highlights: Results of operations
FINANCIAL HIGHLIGHTS Results of operations. For the six months ended June 30, For the three months ended June 30, Variance 2025 2026 Variance 2025 2026 Revenues: Revenue from Contracts with Customers: 3.56% $ 75,137 $ 77,815 11.95% 33,998 38,060 Commissions 8.26% 13,542 14,660 10.97% 6,627 7,354 Adv
Slide 15: Trajectory: Revenue growth, quarter and half over half
TRAJECTORY Revenue growth, quarter & half over half REVENUE ($ MILLIONS) 2025 2026 $41.5 $46.5 Q2 $90.4 $95.2 First Half WHAT IT SHOWS Q2 revenue up 12.1% year over year First - half revenue up to $95.2M from $90.4M Growth carried through to profitability & EBITDA Binah Capital Group | 15
Slide 16: Financial Highlights: Quarterly EBITDA and adjusted EBITDA
FINANCIAL HIGHLIGHTS Quarterly EBITDA & adjusted EBITDA Q2 2025 Q3 2025 Q4 2025 Q1 2026 Q2 2026 EBITDA Reconciliation $ (511) $ 1,697 359 1,901 338 Net income (loss) 543 534 506 519 516 Interest expense 122 255 (359) 755 86 Provision for income taxes 183 167 161 143 127 Depreciation & amortization $
Slide 17: Profitability: EBITDA growth, quarter and half over half
PROFITABILITY EBITDA growth, quarter & half over half REVENUE ($ MILLIONS) 2025 2026 $0.1 $1.0 Q2 $2.4 $4.3 First Half WHAT IT SHOWS Q2 EBITDA of $1.0M, against $0.1M a year ago First - half EBITDA up 79% to $4.3M from $2.4M Half - year margin widened to 4.5%, from 2.7% Binah Capital Group | 17
Slide 18: Definition - Non-GAAP Financial Measures
Definition - Non - GAAP Financial Measures • EBITDA is a non - GAAP financial measure defined as net income plus interest expense, provision for income taxes, and depreciation and amortization. Adjusted EBITDA is defined as EBITDA, a non - GAAP measure, plus share - based compensation costs. The Com
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