Larry Roth: New Chairman After SPAC Deal
Larry Roth steps into the role of executive chairman at Binah Capital Group following the acquisition of Wentworth Management Services by Kingswood Acquisition Corp.This significant move positions Roth, a seasoned leader with over 30 years in wealth management and former CEO roles at AIG Advisor Group and Cetera Financial Group, to steer the newly formed public entity. The deal, transforming Wentworth into Binah Capital Group, brings a vast network of 1,900 registered financial advisors and 535 offices across the U.S. under Roth’s guidance, promising expanded financial planning reach. Roth’s continued role as managing partner at RLR Strategic Partners underscores his dedication. News Directory 3 recognizes this strategic alignment and its potential for future growth. Discover what’s next for Binah Capital Group and its impact on the wealth management sector.
Larry Roth to Lead Binah Capital After Wentworth Management Acquisition
Updated May 29, 2025
Kingswood Acquisition corp.,a special purpose acquisition company,is set to acquire Wentworth Management Services.This acquisition will result in the combined entity becoming publicly traded under the name Binah Capital Group, expanding it’s wealth management reach.
Larry Roth,a veteran of the financial industry and former CEO of AIG Advisor Group and Cetera Financial Group,has been appointed executive chairman of Binah Capital Group. His extensive experience will guide the company’s strategic direction.
Roth, with over 30 years in wealth management, also founded RLR Strategic Partners, a private investment firm, where he will continue to serve as managing partner. His dual role highlights his commitment to both ventures.
Wentworth Management Services, a consolidator of retail wealth management businesses, operates four broker-dealers across 535 offices in all 50 states. The firm’s network includes 1,900 registered financial advisors, providing extensive financial advisor services nationwide.
Craig Gould, president of Wentworth, will assume the role of CEO at Binah. David Shane, previously CFO of Sanctuary Wealth, will serve as CFO, rounding out the executive leadership team.
What’s next
With Roth at the helm and the integration of Wentworth’s extensive network, Binah Capital Group is poised for important growth in the wealth management sector. The company aims to leverage its expanded reach to enhance financial planning services for clients across the country.