Wentworth acquires hybrid managing $2.7 billion
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Aurora Private Wealth is based in Rockaway, N.J.
Wentworth Management Services, a New York-based broker-dealer holding company, has acquired Aurora Private Wealth, a Rockaway, N.J.-based hybrid managing $2.7 billion.
The terms of the deal, which is subject to regulatory approval, were not disclosed.
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In addition to Aurora, Wentworth’s financial companies include Purshe Kaplan Sterling, a broker-dealer headquartered in Albany, N.Y.; Independent Planners Group, an insurance general agency in Scottsdale, Ariz.; and Cabot Lodge Securities, a New York securities firm.
Aurora will continue to use Pershing as its clearing firm, Wentworth said in a release.
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