Bluespring Wealth Partners has acquired SHP Financial, a Massachusetts-based registered investment advisor managing approximately $2.3 billion in client assets, to enhance its operational capabilities and support SHP's growth while preserving its client-centric culture.

Information on the target

SHP Financial, a Massachusetts-based registered investment advisor (RIA), has been a prominent player in the financial services sector since its inception in 2003. Co-founded by Derek Gregoire, Matthew Peck, and Keith Ellis, Jr., the firm currently manages approximately $2.3 billion in client assets. With a dedicated team of 50 professionals, including seven producing advisors and 18 additional financial service experts, SHP Financial operates from multiple locations, including Plymouth, Hyannis, and Woburn, Massachusetts. The firm specializes in providing comprehensive financial planning, portfolio management, and pension consultation services to individuals and families, as well as offering outsourced chief investment officer services to other wealth management firms.

The leadership team at SHP Financial has emphasized a commitment to maintaining the firm’s unique culture while seeking a capital partner to support its growth ambitions. This strategic acquisition by Bluespring Wealth Partners is expected to enhance SHP’s operational capabilities while preserving the client-centric approach that has defined its success.

Industry overview in the target’s specific country

The financial advisory industry in the United States has experienced significant transformation over the past decade, driven by evolving client expectations and regulatory changes. As investors increasingly seek personalized financial solutions, independent advisory firms like SHP Financial have g