Advisory M&A News – 7/1/2026
Advisory M&A News – 7/1/2026 planadviser
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More in Wealth Management
Wealth Enhancement takes another Shufro Rose team
Wealth Enhancement Group has reached an agreement to acquire the Kaminsky-Silverman Group, a New York-based advisory team managing over $554 million in client assets. This transaction represents the second acquisition from the historic Shufro Rose firm in just two days, following a similar deal for the $760 million Shufro-Glass Group. The move highlights the ongoing consolidation within the wealth management sector as national platforms seek to absorb specialized regional teams to expand their scale and service capabilities.
July 3, 202610 for 10: Leading voices look back at a decade in wealth management
Citywire has launched a retrospective feature titled "10 for 10," which gathers insights from prominent industry figures regarding the evolution of the wealth management sector over the last decade. The series aims to provide a comprehensive look at the major trends and shifts that have defined the industry since 2014. This historical analysis offers wealth management professionals a chance to reflect on past developments and their long-term impact on current advisory practices.
July 3, 2026Wealth managers use ‘deliberate obfuscation’ over fees, industry chief warns
An industry leader has issued a warning regarding the lack of transparency in the wealth management sector, accusing firms of using 'deliberate obfuscation' over their fee structures. This development is significant for the industry as it underscores persistent challenges in client communication and the potential for increased regulatory oversight. The critique suggests that complex pricing models may be hindering investors' ability to understand the true cost of services.
July 3, 2026Stansberry Asset Management Explains SMA Strategies
Mario Valente, deputy CIO of Stansberry Asset Management, recently detailed the firm’s investment approach and the benefits of Separately Managed Accounts (SMAs) for high-net-worth and institutional clients. The discussion highlights how the $1.4 billion RIA utilizes low-correlation strategies, such as merger arbitrage and convertible bonds, to prioritize capital preservation. For wealth managers, these insights underscore the growing importance of SMA structures in providing the transparency and customization required for modern retirement-age portfolios.
July 3, 2026