Providence, R.I. – Starkweather & Shepley Insurance Brokerage, Inc.® (S&S), a national Top 100 Insurance Brokerage, has acquired AiK2 Insurance Services, a New Jersey-based firm specializing in business insurance solutions for wealth and asset managers. As part of the acquisition, AiK2 will rebrand under the Starkweather & Shepley name combining services for wealth and asset managers with expanded resources from S&S’s Private Client Insurance division.
Founded in 2021, AiK2 combines the financial services expertise of Wealth Advisor Growth Network (WAGN) and the insurance capabilities of KORE Insurance. Serving approximately 300 clients nationwide, AiK2 manages over $200 billion in insured assets.
“This acquisition strengthens our financial services team, bringing new technology and talented professionals to the table,” said Andrew Fotopulos, Chairman of Starkweather & Shepley. “We’re excited to continue expanding and building on this strong foundation.”
AiK2’s co-founder, Jay Hummel, who served as the company’s CEO, will continue in an advisory role at S&S. He expressed his enthusiasm for the cultural and professional synergy between the two companies. Terms of the sale were not disclosed.
Source: Starkweather & Shepley
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