Bluespring Wealth Partners, an acquirer of RIAs and wealth management firms, has acquired SHP Financial, a Plymouth, Massachusetts-based financial planning firm overseeing approximately $2.3 billion in total assets. The transaction expands Bluespring’s presence in New England and adds a firm focused on serving mass affluent and high-net-worth clients with comprehensive planning.
Founded in 2003 by Derek L. Gregoire, Matthew C. Peck, and Keith W. Ellis Jr., SHP grew from the founders’ early careers in the insurance industry into a multi-office operation with about 50 team members. The firm includes seven producing advisors and 18 additional financial services professionals, operating across Plymouth, Woburn, and Hyannis, Massachusetts. SHP’s planning toolkit includes its SHP Retirement Road Map, a structured approach intended to make retirement planning more accessible for clients.
Bluespring President Pradeep Jayaraman positioned the deal as a growth partnership rather than a succession event, emphasizing that SHP’s founders remain actively engaged and are seeking additional resources to scale. SHP leadership said the decision to partner centered on protecting culture while gaining support to invest in the team and sustain its client experience.
Bluespring said the acquisition follows a run of activity in 2025, when it completed acquisitions totaling more than $6 billion in assets under management. Turkey Hill Management served as financial advisor to SHP Financial on the transaction.
SHP’s investment advisory services are offered through SHP Wealth Management, LLC. The announcement also noted that SHP, Bluespring Wealth Partners, LLC, Kestra Investment Services, LLC, and Kestra Advisory Services, LLC are affiliated through common ownership by Kestra Holdings.
KEY QUOTES
“We are deeply protective of the culture we’ve built over the last two decades and were intentional about choosing a partner we felt could help us fuel SHP’s next stage of growth while helping us remain true to our goals. And we found that partner in Bluespring. We believe Bluespring can provide the resources and support needed to grow and invest in our team, while preserving the client experience that defines SHP.”
Matthew C. Peck, CFP®, CIMA®, Co-Founder And Partner, SHP Financial
“SHP is a team that has already built meaningful scale and is still hungry to grow. That’s what makes this an acceleration story, as opposed to a transition story. SHP’s founders are seasoned leaders in the prime of their careers, still deeply engaged in their business, with decades of success yet ahead. Bluespring is designed for firms just like this: teams on a strong growth trajectory, energized about securing their clients’ financial legacies, and looking for opportunities to expand their impact.”
Pradeep Jayaraman, President, Bluespring Wealth Partners
