Wentworth acquires hybrid managing $2.7 billion

Wentworth acquires hybrid managing $2.7 billion
Aurora Private Wealth is based in Rockaway, N.J.
DEC 11, 2019
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. [More: RIA M&A in 2020 to look a lot like 2019: Fidelity's Canter] 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. [Recommended video: Bob Oros said HighTower is likely to start buying smaller firms, too]

Latest News

Integrated Partners, Kestra welcome multigenerational advisor teams
Integrated Partners, Kestra welcome multigenerational advisor teams

Integrated Partners is adding a husband-wife tandem to its network in Missouri as Kestra onboards a father-son advisor duo from UBS.

Trump not planning to fire Powell, market tension eases
Trump not planning to fire Powell, market tension eases

Futures indicate stocks will build on Tuesday's rally.

From stocks and economy to their own finances, consumers are getting gloomier
From stocks and economy to their own finances, consumers are getting gloomier

Cost of living still tops concerns about negative impacts on personal finances

Women share investing strengths, asset preferences in new study
Women share investing strengths, asset preferences in new study

Financial advisors remain vital allies even as DIY investing grows

Trump vows to 'be nice' to China, slash tariffs
Trump vows to 'be nice' to China, slash tariffs

A trade deal would mean significant cut in tariffs but 'it wont be zero'.

SPONSORED Compliance in real time: Technology's expanding role in RIA oversight

RIAs face rising regulatory pressure in 2025. Forward-looking firms are responding with embedded technology, not more paperwork.

SPONSORED Advisory firms confront crossroads amid historic wealth transfer

As inheritances are set to reshape client portfolios and next-gen heirs demand digital-first experiences, firms are retooling their wealth tech stacks and succession models in real time.