RIA aggregator EP Wealth Advisors has deepened its reach in the US with the purchase of Peninsula Wealth in San Francisco, California.
Financial details of the transaction remain confidential.
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This partnership brings over $660m in assets under management (AUM) to EP Wealth and bolsters its client service capabilities in Northern California.
The acquisition of Peninsula Wealth enhances EP Wealth’s operations in Northern California, supporting its Berkeley and Walnut Creek offices.
Peninsula Wealth, based in San Francisco’s SOMA district, offers financial planning and investment strategies, catering mainly to the biotech and technology sectors.
The integration with EP Wealth provides Peninsula’s clients with access to a wide range of services, including in-depth investment research, and estate and tax planning expertise.
Rahul Shah, the founder of Peninsula Wealth, will transition to EP Wealth as a regional director, in addition to his six-member team.
Shah said: “Since founding Peninsula Wealth, our mission has been to provide transparent and accessible financial planning.
“Joining EP Wealth enables us to offer an even broader range of resources while continuing to deliver the personalised guidance our clients rely on.”
This acquisition is the third partnership for EP Wealth in 2025.
EP Wealth CEO Ryan Parker said: “At EP Wealth Advisors, we are always looking for firms that share our client-first philosophy and commitment to personalised financial planning.
“Peninsula Wealth has built strong relationships with its clients, and we’re excited to expand the resources available to them while preserving the high level of service they expect.”
With over 48 offices across 16 states, EP Wealth reported more than $31bn in assets under management as of 31 December 2024.
Last month, it added $190m in assets with the acquisition of The Holben Group, a Denver, Colorado-based firm.
