EP Wealth Advisors has acquired San Francisco-based Peninsula Wealth, expanding its presence in Northern California and adding approximately $660 million in assets under management.
The acquisition introduces a new office in San Francisco’s SOMA district, complementing EP Wealth’s existing locations in Berkeley, secured through its acquisition of Mindful Money in 2022, and Walnut Creek, represented by its partnership with Millie Capital Management.
Peninsula Wealth, founded more than 15 years ago, serves high-net-worth individuals and families, with a focus on clients in the biotech and technology industries. The firm offers customized financial planning and investment management services, which will now be integrated into EP Wealth’s national platform.
Founder Rahul Shah will join EP Wealth as a regional director. His six-member team will also transition to the new structure, bringing additional experience to EP Wealth’s advisory business in the region.
Peninsula clients will gain access to an expanded range of services under the EP Wealth brand, including estate and tax planning, enhanced investment research, and technology tools.
In a statement Wednesday, Shah highlighted the opportunity to "offer an even broader range of resources while continuing to deliver the personalized guidance our clients rely on."
EP Wealth, based in Torrance, California, managed over $31 billion in client assets as of December 31. The firm operates more than 48 offices across 16 states. Its continued growth has been supported by private equity backing from Boston-based Berkshire Partners.
The addition of Peninsula Wealth reflects EP Wealth’s strategy of growing through regional partnerships with established RIAs.
Peninsula marks the RIA’s third transaction of 2025, following its deal for $1.6 billion Executive Wealth Management in January and last month's acquisition of the Holben Group, a Denver-based RIA with north of $190 million in AUM.
As noted in Echelon Partners' 2024 RIA M&A Deal Report, EP Wealth inked six deals last year, most notably in September when it snapped up $1.1 billion CornerCap Investment Counsel.
First Trust models, Schwab-linked data tools and Orion transition tech headline a busy week for RIA wealthtech
The change in senior personnel occurs days after LPL Financial tapped a new head of recruiting.
Former PulteGroup and Citizens executives join the broker-dealer network after a year of senior leadership departures
Independent RIA Concurrent adds over $1B across six moves, while OnePoint BFG opens West Palm Beach with a $240M team
The mega-RIA keeps absorbing independent fiduciary firms as Cerulli data shows the fee-only segment losing asset share
Knighthead Life entered the market with a competitive MYGA. A strong launch earned advisor confidence and paved the way for FIAs.
As AI makes financial information more accessible than ever, Lana Hock explains why human judgment, trust, and empathy remain the qualities clients value most in a financial advisor
