Cerity Partners Acquires Advisory Teams Managing $1.4 Billion from Shufro Rose & Co.
Cerity Partners has added two advisory teams, collectively managing $1.4 billion in assets, from New York-based firm Shufro Rose & Co. The Contant-Leit and Wacht Groups will now operate under the Cerity brand. This acquisition follows earlier departures of other advisory groups to Wealth Enhancement in July 2026, raising questions about Shufro Rose's future stability. Cerity Partners is a New York-based wealth management firm with over $160 billion in client assets and has previously acquired Gilbert & Cook, an Iowa-based firm. The transition of the advisory teams was facilitated by Houlihan Lokey as financial advisor and legal counsel from Katz Teller for the departing groups and Lowenstein Sandler for Cerity. The move is expected to strengthen Cerity's resources while offering continuity in service to clients who have maintained long-term relationships with their advisors, averaging 21 years. Shufro Rose & Co., founded in 1938, has historically served multi-generational families and provided a range of wealth management services before losing its remaining advisory teams.
