Victoria Wejchert's Kinship Acquired by Copia Wealth Studios

Deal News | Dec 04, 2024 | Globenewswire

Victoria Wejchert's Kinship Acquired by Copia Wealth Studios

Copia Wealth Studios, a platform providing insights on over $30 billion in assets, has announced their acquisition of Kinship, a relationship management application, as a strategic move towards establishing a comprehensive operating system for asset owners and managers. This acquisition marks Kinship's second successful exit under CEO Victoria Wejchert, who now joins Copia as a partner. The integration of Kinship into Copia’s platform will enhance capabilities by incorporating relationship intelligence, allowing family offices and asset managers to engage and collaborate more effectively. This move occurs at a pivotal time within the growing alternatives market, further enhancing Copia’s offerings that currently process over 700 direct investments and 1,100 alternative fund investments. The acquisition is anticipated to be fully integrated by early 2025, bringing additional network functionalities and relationship insights to clients.

Sectors

  • Financial Services
  • Technology

Geography

  • United States – Copia Wealth Studios and the acquisition announcement originate from New York, indicating U.S. headquarters and operations.

Industry

  • Financial Services – Involves the provision and management of funds, particularly focusing on alternative investment management and wealth management.
  • Technology – Pertains to the development and implementation of AI-powered platforms and relationship management applications aimed at improving financial services.

Financials

  • Over $30 billion – The total assets managed by Copia's platform.

Participants

NameRoleTypeDescription
Copia Wealth StudiosAcquiring CompanyCompanyAn AI-powered intelligence platform providing insights for wealth management and managing over $30 billion in assets.
KinshipTarget CompanyCompanyA relationship management app aimed at enhancing network and relationship management for wealth managers.
Victoria WejchertCEO & FounderPersonFounder of Kinship, now becoming a partner at Copia Wealth Studios post-acquisition.
Michael J. SikorskyCEO & FounderPersonCEO and founder of Copia Wealth Studios, leading the strategic acquisition of Kinship.