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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.
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