Bluespring adds $2.3bn in assets with SHP Financial purchase

Bluespring Wealth Partners has purchased SHP Financial, a steadfast based successful Massachusetts that manages astir $2.3bn successful assets for mass-affluent and high-net-worth clients.

Financial specifics of the woody stay undisclosed.

SHP Financial was established successful 2003 by Derek L. Gregoire, Matthew C. Peck, and Keith W. Ellis Jr., who began their fiscal careers unneurotic successful the security sector.

The institution employs astir 50 unit crossed 3 offices successful Plymouth, Woburn, and Hyannis. Its squad includes 7 advisers and 18 different fiscal services professionals.

The steadfast is known for providing fiduciary proposal and offers services specified arsenic its SHP Retirement Road Map, aimed astatine making status readying much accessible to clients.

Peck said: “We are profoundly protective of the civilization we’ve built implicit the past 2 decades and were intentional astir choosing a spouse we felt could assistance america substance SHP’s adjacent signifier of maturation portion helping america stay existent to our goals.

“And we recovered that spouse successful Bluespring. We judge Bluespring tin supply the resources and enactment needed to turn and put successful our team, portion preserving the lawsuit acquisition that defines SHP.”

In 2025, Bluespring added implicit $6bn successful assets nether absorption to its business.

Bluespring president Pradeep Jayaraman commented: “SHP is simply a squad that has already built meaningful standard and is inactive bare to grow. That’s what makes this an acceleration story, arsenic opposed to a modulation story.

“SHP’s founders are seasoned leaders successful the premier of their careers, inactive profoundly engaged successful their business, with decades of occurrence yet ahead.

Last month, Bluespring added Coghill Investment Strategies, managing astir $600m successful assets, to its network.

"Bluespring adds $2.3bn successful assets with SHP Financial acquisition " was primitively created and published by Private Banker International, a GlobalData owned brand.

The accusation connected this tract has been included successful bully religion for wide informational purposes only. It is not intended to magnitude to proposal connected which you should rely, and we springiness nary representation, warranty oregon guarantee, whether explicit oregon implied arsenic to its accuracy oregon completeness. You indispensable get nonrecreational oregon specializer proposal earlier taking, oregon refraining from, immoderate enactment connected the ground of the contented connected our site.