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Wentworth Management Services buying New Jersey-based hybrid RIA

New York-based Wentworth Management Services LLC is acquiring Rockaway, N.J.-based Aurora Private Wealth Inc., a hybrid registered investment adviser and independent broker/dealer.

Aurora Private Wealth manages $2.7 billion in assets, according to an InvestmentNews report. Financial terms of the deal were not disclosed.

Aurora Private Wealth founder and CEO Tim Smith and his team will continue in their roles.