Bluespring Wealth Partners Acquires SHP

Bluespring Wealth Partners is acquiring financial planning firm SHP Financial (SHP).

Financial professionals with SHP provide fiduciary based advice and currently oversee approximately $2.3 billion in total assets.

Located in Plymouth, Massachusetts, SHP was founded in 2003 by Derek L. Gregoire, Matthew C. Peck, and Keith W. Ellis Jr., who began their careers together in the insurance industry.

Today, the firm’s platform is supported by around 50 team members, including seven producing advisors and 18 additional financial services professionals. The team is located across three offices: Plymouth, Woburn, and Hyannis, Massachusetts.

“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,” said Matthew Peck, CFP, CIMA, co-founder and partner at SHP Financial. “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.”

“SHP is a team that has already built meaningful scale and is still hungry to grow,” said Pradeep Jayaraman, president at Bluespring Wealth Partners. “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.”

This acquisition marks a strong start for 2026 for Bluespring, following acquisitions totaling more than $6 billion in assets under management in 2025. Turkey Hill Management served as financial advisor to SHP Financial in connection with this transaction.