Wealth Enhancement is set to acquire the Kaminsky-Silverman Group, a New York based team from Shufro Rose managing more than $554 million in client assets, marking the second time in as many days that the national wealth management firm has pulled a practice away from the historic New York advisory house.
The two advisor team, led by principal and senior financial advisor Tonia L. Kaminsky alongside senior financial advisor Barbara Silverman, also includes two support staff. Once the deal closes, expected in August 2026, Wealth Enhancement's total client assets will climb past $158 billion.
The move follows closely on the heels of Wealth Enhancement's agreement to acquire the Shufro-Glass Group, an 88-year-old, two-advisor practice within Shufro Rose overseeing more than $760 million in assets.
Kaminsky and Silverman bring more than 50 years of combined experience to the tie-up, with a practice built around financial planning, investment management, retirement strategies, and coordinated tax and estate planning. The team has built its reputation serving individuals and families throughout the New York metropolitan area as well as clients spread across the country, with particular focus on guiding women through complex life transitions.
Wealth Enhancement chief executive Jeff Dekko welcomed the addition, pointing to the relationship-driven nature of the practice. "Tonia and Barbara have built a thoughtful practice grounded in personal relationships and trusted advice. Their commitment to serving women through complex life transitions, while also helping individuals and families achieve their financial goals, brings valuable experience to our advisor community. We're excited to welcome them to Wealth Enhancement," he said.
Kaminsky and Silverman said the partnership positions their clients to benefit from a larger platform without losing the personal touch that has defined the practice. "We're excited about the opportunities this partnership creates and the added value it brings to our clients through Wealth Enhancement's depth of experience and capabilities. We look forward to joining a team that shares our commitment to thoughtful, independent advice and exceptional client service," they said.
Jim Cahn, chief strategy officer at Wealth Enhancement, framed the acquisition as part of a broader strategy of targeting specialised teams with strong regional reputations. "This partnership reflects our continued focus on aligning with teams that bring a distinctive and specialized client experience. The Kaminsky-Silverman Group has developed a strong reputation in the New York market and beyond, and we see a meaningful opportunity to support and extend that impact as part of our national platform," Cahn said.
DeVoe & Company advised the Kaminsky-Silverman Group on the transaction.
Chicago-based Mesirow Fiduciary Solutions adds flexPATH's plan-level outsourced fiduciary book, boosting its retirement market reach to $164 billion.
Also, Raymond James's employee advisor channel adds breakaways from Wells Fargo and Stifel, while UBS welcomes an ex-Morgan Stanley duo in Indiana.
It promised guaranteed principal and 10% monthly returns. The SEC says it invested nothing.
Ten years after entering the fee-based annuity market, MassMutual Ascend says nearly half its lifetime sales came in the past two years alone – but barriers remain among fee-only advisors.
Amplify, WealthReach, Zeplyn and Zocks have unveiled partnerships aimed at automating portfolio management, content creation, account opening, and client communication.
Northern Trust’s Ken Lassner shows advisors how to convert volatility into after-tax portfolio gains
Dan Biagini of American Equity says the steady decline of pensions, longer lifespans and a reset in interest rates are rewriting how advisors build retirement income
