Wealth Enhancement Group has agreed to acquire the Kaminsky-Silverman Group, a New York-based advisory team managing more than $554 million in client assets, the firm announced. The deal comes just one day after Wealth Enhancement disclosed its acquisition of the Shufro-Glass Group, another team from the same historic New York advisory house, which oversaw over $760 million.
The Kaminsky-Silverman Group is led by principal and senior financial advisor Tonia L. Kaminsky and senior financial advisor Barbara Silverman, supported by two staff members. The team brings more than 50 years of combined experience, focusing on financial planning, investment management, retirement strategies, and coordinated tax and estate planning. Their client base includes individuals and families in the New York metropolitan area and across the country, with a particular emphasis on guiding women through complex life transitions.
Wealth Enhancement CEO Jeff Dekko welcomed the addition, emphasizing the team's relationship-driven approach. “Tonia and Barbara have built a thoughtful practice grounded in personal relationships and trusted advice,” Dekko said. “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.”
Kaminsky and Silverman expressed enthusiasm about the partnership, noting that it will provide their clients with access to a larger platform while preserving the personalized service that has defined their 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,” they said in a joint statement.
Jim Cahn, chief strategy officer at Wealth Enhancement, framed the acquisition as part of a broader strategy to target specialized teams with strong regional reputations. “This partnership reflects our continued focus on aligning with teams that bring a distinctive and specialized client experience,” Cahn said. “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.”
The deal is expected to close in August 2026, at which point Wealth Enhancement’s total client assets will surpass $158 billion. This acquisition follows Wealth Enhancement’s recent purchase of the Shufro-Glass Group, an 88-year-old, two-advisor practice within Shufro Rose that managed over $760 million. The back-to-back deals underscore Wealth Enhancement’s aggressive expansion strategy, which has included a series of acquisitions over the past year. For more on the broader trend of RIA consolidation, see Savant Wealth Management Acquires Richard Brothers Financial Advisors, Enters Maine Market and EP Wealth Advisors Acquires Opes Wealth Management, Adding $900M in AUM.
Shufro Rose, a venerable New York advisory firm, has now lost two teams to Wealth Enhancement in rapid succession, raising questions about the firm’s retention strategy. The Kaminsky-Silverman Group’s focus on serving women through life transitions is a niche that Wealth Enhancement has increasingly targeted, as the firm seeks to differentiate itself in a crowded market. The acquisition also highlights the growing trend of larger RIAs absorbing specialized practices to broaden their service offerings and geographic reach.
With the addition of the Kaminsky-Silverman Group, Wealth Enhancement continues to build momentum in the Northeast, a region where it has been actively expanding. The firm’s total assets under management now stand at approximately $157.5 billion, with the latest deal pushing it past the $158 billion mark upon closing. The transaction is subject to customary regulatory approvals and closing conditions.
