Bluespring Wealth Partners Welcomes $2.3 Billion SHP Financial

Addition of the New England-based firm marks an expansion in the region for Bluespring, bolstering its existing community of high-performing advisors

AUSTIN, Texas--(BUSINESS WIRE)--Bluespring Wealth Partners (Bluespring), a leading acquirer of RIAs and wealth management firms, today announced the acquisition of financial planning firm SHP Financial (SHP). A growth-oriented company that’s looking to expand on their past and current success, the SHP team is known for their disciplined approach to providing mass-affluent and high-net-worth clients with comprehensive financial planning services, grounded in a strong internal culture and a relationship-based client experience philosophy. 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. The three joined forces early on to build a firm focused on long‑term client relationships. 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. The firm makes an extensive set of planning offerings available for clients, such as its SHP Retirement Road Map®, which provides a structured, integrated approach designed to make retirement planning more accessible and understandable for clients.

“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.

About Bluespring Wealth Partners, LLC

Bluespring is the premier wealth management platform for advisors and their clients, dedicated to the acquisition and support of quality wealth management firms. It is building a growing community of entrepreneurially-minded firms uniquely focused on their clients’ interests and preserving their legacy, through continued opportunities for growth and investment in next generation talent. In partnering with experienced wealth advisors and their teams, Bluespring looks to perpetuate and enhance the value that they bring their clients, providing continuity and new opportunities in the process. Bluespring was established with the express purpose of helping firm owners take their business to the next level of growth through next generation training and incentivization, consulting and operational resources, and institutional capital support. By focusing on partnership as the driver of success, Bluespring empowers wealth management firm owners to elevate their business without sacrificing their entrepreneurial spirit, founding principles, and long-term vision.

Investment advisory services offered through SHP Wealth Management, LLC ("SHP"). SHP, Bluespring Wealth Partners, LLC, Kestra Investment Services, LLC and Kestra Advisory Services, LLC are affiliated through common ownership by Kestra Holdings.

Investor Disclosures: www.kestrafinancial.com/disclosures