Shp Wealth Management, LLC (Plymouth)

Name: Shp Wealth Management, LLC
Address: 225 Water St, Plymouth, MA, 02360
Telephone: 508-746-2400

Shp Wealth Management, LLC is a large advisory firm based in Plymouth. It manages $291.95 million of regulatory assets for 3,584 client accounts. It has been registered with the SEC as an adviser since 2016 and has operated in the jurisdictions of Florida, Massachusetts, New Hampshire, Rhode Island, and Texas.

Shp Wealth Management provides financial planning services, portfolio management for individuals and small businesses, portfolio management for businesses and institutional clients, selection of other advisers, and educational seminars and workshops. It prepares financial plans for less than 10 clients. On top of advisory services, the firm doesn't engage in other business activities.

Shp Wealth Management: assets under management

The assets under management (AUM) of Shp Wealth Management, LLC is $291.95 million. The firm's AUM has grown by 190% since the beginning of its operation, and the company doesn't manage any assets belonging to foreign clients.

The firm manages $280.11 million in discretionary accounts and $11.84 million in non-discretionary accounts. On average, the discretionary accounts where all decisions are made on behalf of the client hold $78.62 thousand each. Non-discretionary accounts, where clients actively manage their portfolios, generally hold around $563.83 thousand.

Investments

The firm invests in investment and business development companies the most. They account for 69% of the total AUM. The second-largest asset type is exchange traded securities, which make up 21% of the firm’s portfolio. Investments in cash and cash equivalents form 9% of the total invested assets.

Fees & Commissions

The advisory firm has several streams of revenue. Clients pay Shp Wealth Management, LLC for their services and products based on a percentage of assets under management and hourly charges. Hourly charges are usually charged for consulting work and special projects. These fees don’t include brokerage commissions, interest, taxes, and other account expenses.

What kind of clients Matthew Chapman Peck serves?

The firm provides services to individuals, charitable organizations, high net worth individuals, corporations or other businesses, and pension and profit sharing plans. The largest group of clients of Matthew Chapman Peck is individuals with 785 clients and $175.03 million of assets under management. Among the 11 most similar advisory firms, Shp Wealth Management has the 4th highest percentage of individuals out of all clients.

The amount of regulatory assets under management is $291.95 million for 870 clients that can include trusts, estates, and 401(k) plans and IRAs of individuals and their family members. None of the firm’s clients are foreign persons or businesses.

Shp Wealth Management doesn't advise any private funds.

Careers at Shp Wealth Management, LLC

The company employs 24 people that are either part- or full-time employees. 46 percent of the employees work as investment advisers or researchers. 11 employees are registered as investment adviser representatives with the state securities authorities.

There isn’t anyone with the role of looking for and bringing in new clients on behalf of the firm. The firm doesn’t compensate employees in addition to the salary for bringing in new clients. Employees don’t receive compensation from other entities for client referrals.

Matthew Chapman Peck has been acting as President since 1 Dec 2014. Llc Keith Ellis & Associates joined the executive team most recently as the Owner/Member.

Direct owners and executive officers

Name	Entity	Date acquired	Ownership	Employer ID
Derek L.(Mi Only) Gregoire	Vice president/member	1 Dec 2014	Other	6384801
Matthew Chapman Peck	President/chief compliance officer/member	1 Dec 2014	Other	6128514
Derek L. Gregoire	Vice president/member	1 Dec 2014	Other	6384801
Llc Keith Ellis & Associates	Owner/member	1 Oct 2015	25% - 50%	33-1217842
Llc Gregoire & Associates	Owner/ member	1 Oct 2015	25% - 50%	30-0492005
Inc Helicon Mtn Group	Owner/member	1 Oct 2015	25% - 50%	45-4071028

Indirect Owners

The SEC currently registers 4 indirect owners.

Name	Entity	Date acquired	Ownership	Employer ID
Matthew Chapman Peck	Owner/member	1 Oct 2015	75% - 100%	6128514
Keith Winslow Ellis	Owner/member	1 Oct 2015	75% - 100%	6441180
Derek L.(Mi Only) Gregoire	Owner/member	1 Oct 2015	75% - 100%	6384801
Derek L. Gregoire	Owner	1 Oct 2015	75% - 100%	6384801

Based in Plymouth

The principal office where Shp Wealth Management, LLC performs its advisory services is located at 225 Water St, Plymouth, MA 02360, which is also the mailing address of the firm. An additional office of the firm is in Braintree, MA. It doesn’t run an office outside of the United States.

You can reach the main office by calling the phone number 508-746-2400 or by fax 508-746-2415. The normal business hours are 9:00 am - 5:00 pm on Monday - Friday. You can find more information about the New York firm at shpfinancial.com.