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Alternative Assets  + Direct Investment  + Financial Advisory  + SPACs  + Wealth Management  | 
Industry Veteran Larry Roth Named Executive Chairman at New Firm After SPAC Merger

Industry Veteran Larry Roth Named Executive Chairman at New Firm After SPAC Merger

Special purpose acquisition company (SPAC) Kingswood Acquisition Corp. is acquiring broker-dealer Wentworth Management Services, paving the way for the combined company to be publicly traded under the parent company name, Binah Capital Group.

In conjunction with the acquisition, financial industry veteran and former CEO of AIG Advisor Group and Cetera Financial Group Larry Roth has been named executive chairman of Binah.

Roth has more than 30 years’ experience as an operator, dealmaker, strategic advisor and entrepreneur in the wealth management space. He is the founder and managing partner of private investment firm RLR Strategic Partners. He will remain in his position at RLR.

Wentworth is a consolidator of retail wealth management businesses that owns and operates four broker-dealers located in 535 offices in all 50 states. Wentworth’s firms employ 1,900 registered financial advisors.

Wentworth President Craig Gould will serve as Binah’s CEO, and David Shane, a former chief financial officer of Sanctuary Wealth, will be CFO.

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Inside The Story

Wentworth Management ServicesKingswood Acquisition Corp

About Joe Palmisano

Joe Palmisano is Editorial Director for Connect Money, where he brings nearly three decades experience of market insights as a financial journalist, analyst and senior portfolio manager for leading financial publications, advisory firms, and hedge funds. In his role as Editorial Director, Joe is responsible for the selection of content and creation of daily business news covering the financial markets, including Alternative Assets, Direct Investment and Financial Advisory services. Before joining Connect Money, Joe was a financial journalist for the Wall Street Journal, regularly publishing feature stories and trend pieces on the foreign exchange, global fixed income and equity markets. Joe parlayed his experience as a financial journalist into roles as a Senior Research Analyst and Portfolio Manager, writing daily and weekly market analysis and managing a FX and US equity portfolio. Joe was also a contributing writer for industry magazines and publications, including SFO Magazine and the CMT Association. Joe earned a B.S.B.A. in Finance from The American University. He holds the Chartered Market Technician (CMT) designation and is a member of the CFA Institute.

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