Bluespring Wealth Partners – a subsidiary of Kestra Financial – has acquired a Massachusetts-based registered investment advisory firm, which oversees roughly $2.3 billion in assets under management.    

Plymouth, MA-based SHP Financial, founded in 2003, is led by founders Derek Gregoire, Matthew Peck, and Keith Ellis Jr. The RIA offers financial planning services, wealth management, retirement planning, investment management, estate and tax planning, legacy planning, and charitable giving to high-net-worth clients. 

SHP Financial adds its 50-person team, which includes seven advisors and 18 additional financial services professionals, functioning across three offices in Plymouth, Woburn, and Hyannis, to Bluespring’s W-2 model. 

As part of the transaction, which closed on December 31, SHP Financial will maintain its brand name and its full team. 

“Bluespring is encouraged by the momentum we’re seeing early in the year and the strength of our pipeline,” a company spokesperson said to Connect Money. “We’ll continue to be thoughtful and selective as we look for the right opportunities ahead.” 

“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,” Peck said. 

This acquisition marks Bluespring’s third deal of the year, following the addition of Pittsburgh-based Coghill Investment Strategies, which oversees approximately $600 million in assets under management. 

Kestra Financial launched Austin, TX-based Bluespring Wealth Partners in 2019. In 2024, investment firm Stone Point Capital took an undisclosed majority stake in Bluespring from Warburg Pincus. 

Kestra Financial and its brokerage and advisory affiliates manage over $82 billion in assets under management, and totaled more than $6 billion in assets under management in 2025, the firm said. 

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Pictured: SHP Financial