EP Wealth Advisors (“EP”) announced on April 2, 2025, that it acquired Peninsula Wealth, LLC (“Peninsula”). Under the terms of the transaction, Peninsula’s founder, Rahul Shah, will join EP as a regional director, along with his six-member team. Further terms of the deal were not disclosed.
EP, based in Torrance, California, is a fee-only registered investment advisor and financial planning firm backed by private equity firms Berkshire Partners and Wealth Partners Capital Group. As of December 2024, EP managed approximately $31 billion in assets.
Peninsula, based in San Francisco, is a registered investment advisor and wealth management firm offering tailored financial planning and investment strategies to individuals and families, particularly in the biotech and technology industries. As of April 2025, Peninsula had approximately $660 million in assets under management. Houlihan Lokey acted as the exclusive financial advisor to Peninsula.
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