Wealth Enhancement has struck a deal to acquire the Shufro-Glass Group, a two-advisor team based in New York City that manages more than $760 million in client assets. The transaction, expected to close in August 2026, will push the national registered investment advisor's aggregate client holdings past $157 billion, according to a statement from the firm.
The Shufro-Glass Group operates within Shufro Rose, a firm founded in 1938 that now carries 88 years of continuous advisory history. Principals Gregory D. Shufro and Steven J. Glass will become equity holders in Wealth Enhancement upon completion, joining a five-person team that includes three support staff. The practice focuses on comprehensive wealth management, including investment management and planning across multiple generations of client families.
“The Shufro-Glass Group represents the kind of enduring, multigenerational practice we highly value,” said Wealth Enhancement chief executive Jeff Dekko. “Their work reflects a long-standing commitment to stewardship, thoughtful planning, and relationships built across generations. We're excited to support their next chapter and help them continue their legacy.”
Gregory Shufro, Principal and Senior Financial Advisor, traced the firm's founding principles to the rationale for joining Wealth Enhancement. “My grandfather, Salwyn Shufro, and Edward Rose founded Shufro Rose with a simple philosophy: the client always comes first,” he said. “For 88 years, each generation of leadership has focused on strengthening the firm and ensuring it continues to evolve to meet the needs of clients. Our decision to join Wealth Enhancement reflects that same commitment, giving us access to the scale and infrastructure of a nationally recognized firm while preserving the relationship-driven approach that clients value most.”
For Glass, the decision was shaped by the practical realities of running an independent practice in an increasingly complex operating environment. “Helping clients use their financial resources to achieve their goals has been the most rewarding part of my nearly 40-year career,” he said. “While building and managing our firm has been an important part of that journey, the increasing complexity of running an advisory business takes time away from serving clients. Partnering with Wealth Enhancement allows us to focus on the work we are most passionate about — helping clients live their best lives.”
Jim Cahn, Chief Strategy Officer at Wealth Enhancement, said the acquisition illustrated how heritage and ambition can coexist. “Practices like the Shufro-Glass Group demonstrate how a strong heritage and a forward-thinking mindset can work hand in hand,” he said. “Their focus on long-term relationships and tailored client strategies aligns closely with our approach.”
Wealth Enhancement, which operates from more than 182 offices nationwide, reported $156.3 billion in client assets as of May 31, 2026, including $5.3 billion in brokerage assets. The firm's acquisition strategy continues to target established practices with deep client relationships, similar to recent deals such as Carson Group's acquisition of a $270M Colorado practice and Cetera's purchase of $300M Tennessee RIA Marmo Financial Group.
The deal underscores a broader trend of consolidation among independent advisory firms, as larger platforms seek to absorb legacy practices that offer multigenerational client bases. For Shufro and Glass, the partnership provides access to Wealth Enhancement's infrastructure while preserving the personalized service model that has defined their firm for nearly nine decades.
