Wealth Enhancement Acquires Kaminsky-Silverman Group of Shufro Rose, Adding $554 Million in Client Assets

Wealth Enhancement will acquire the Kaminsky-Silverman Group of Shufro Rose, a team overseeing more than $554 million in client assets, the Minneapolis-based national independent wealth management firm announced July 2. The transaction lifts Wealth Enhancement's total client assets above $158 billion.

Deal Scope

The acquisition brings the Kaminsky-Silverman Group into Wealth Enhancement's platform as a partnership. The acquired team carries its Shufro Rose affiliation into the deal, extending Wealth Enhancement's footprint through an established advisory practice. No purchase price was disclosed in the announcement.

AUM Context

The $554 million contributed by the Kaminsky-Silverman Group is incremental against a $158 billion base, representing a fraction of a percent of Wealth Enhancement's consolidated book. For a firm at that scale, the transaction is less a needle-mover on aggregate assets than a signal of continued appetite for recruiting established advisory teams. Wealth Enhancement describes itself as dedicated to enriching clients' lives through independent wealth management services.

Expansion Pattern

The deal is consistent with the consolidation dynamic running through the independent registered investment adviser space, where larger platforms absorb smaller teams to build scale and geographic reach. Wealth Enhancement, headquartered in Minneapolis, has positioned itself as a national acquirer of independent practices. The Kaminsky-Silverman Group adds another named team to that roster, though the source does not specify the group's primary location or client base composition.

The announcement did not name individual advisers beyond the group's branding, nor did it provide a timeline for closing or integration milestones.