# Penserra Wealth Management

> Penserra Wealth Management is an SEC-registered investment advisory firm in Orinda, CA, registered since 2024, reporting under $25 million in regulatory assets under management in its Form ADV filing dated October 1, 2026.

- CRD: 333218
- Filed as: PENSERRA WEALTH MANAGEMENT
- Legal name: Penserra Wealth Management LLC
- Also doing business as: NORCAL FINANCIAL ADVISORS, TREASURY WEST
- Registration: SEC-registered investment adviser (status as filed: Approved)
- Location: Orinda, CA
- Filing period: October 2026
- Form ADV filing dated: October 1, 2026
- SEC record (IAPD): https://adviserinfo.sec.gov/firm/summary/333218
- AdvisorCensus page: https://advisorcensus.com/firm/penserra-wealth-management-orinda-ca-333218

## Quick answers

**How is Penserra Wealth Management compensated?**
On its Form ADV (Item 5.E, October 2026), Penserra Wealth Management reports these compensation arrangements: a percentage of assets under its management; hourly charges; fixed fees (other than subscription fees).

**How much does Penserra Wealth Management charge?**
Its Form ADV Part 2A brochure dated April 24, 2026 states: Asset-based fee: 0.2% to 2% a year (a range, as the brochure states it); Hourly rate: $150 to $500 an hour (standalone, project-based financial planning services); Flat fee: $1,000 to $15,000 (standalone, project-based financial planning services); Flat fee: $15,000 a year (standalone financial planning services); Subscription: $15,000 a year (standalone financial planning services). Fees can differ by service and may be negotiable; the brochure is the complete statement.

**Where is Penserra Wealth Management located?**
Penserra Wealth Management's principal office is in Orinda, CA, according to its Form ADV.

**Is Penserra Wealth Management registered with the SEC or a state?**
Penserra Wealth Management is an SEC-registered investment advisory firm, registered since 2024. Status as filed: Approved. CRD 333218.

**How much does Penserra Wealth Management manage?**
Penserra Wealth Management reports $2,500,000 in regulatory assets under management in its Form ADV filing dated October 1, 2026 (100% discretionary).

**How have Penserra Wealth Management's assets and staff changed since 2025?**
In the Form ADV data for Penserra Wealth Management: Total employees: 2 in October 2025 and 2 in October 2026. Assets under management move with markets as well as with clients coming and going.

**What types of clients does Penserra Wealth Management serve?**
By number of clients on Form ADV Item 5.D: individuals (other than high net worth individuals) (8).

**Which custodians does Penserra Wealth Management use?**
Penserra Wealth Management's most recent Form ADV filing (Schedule D, Section 5.K(3)) lists Charles Schwab & Co., Inc. as a custodian holding 10% or more of its separately managed account assets.

**Does Penserra Wealth Management report any disciplinary disclosures?**
Reports no disclosure items on Form ADV Item 11. The detail of any item is on the firm's SEC record: https://adviserinfo.sec.gov/firm/summary/333218

**Does Penserra Wealth Management state an account minimum?**
Its Form ADV Part 2A brochure dated April 24, 2026 says: "Penserra generally does not impose a minimum relationship size."

**What changed in Penserra Wealth Management's recent Form ADV filings?**
In the October 2026 filing data: Added the business name Treasury West. Added the business name Norcal Financial Advisors. Registered or notice-filed in FL, MA, PA, TX. Updated its list of owners and control persons (Schedule A).

## From the Form ADV filing

### Compensation (Item 5.E)
- A percentage of assets under your management
- Hourly charges
- Fixed fees (other than subscription fees)

### Fees and minimums (Form ADV Part 2A brochure dated April 24, 2026)

- Asset-based fee: 0.2% to 2% a year (a range, as the brochure states it)

> Advisory fees range from 0.20% to 2.00% annually; the Advisor has multiple tiered fee schedules that fall within this range of fees.

- Account minimum: None

> Penserra generally does not impose a minimum relationship size.

- Hourly rate: $150 to $500 an hour (standalone, project-based financial planning services)

> Project-Based – Penserra offers standalone, project-based financial planning services either on an hourly basis or a fixed fee. Hourly engagements range from $150 to $500.

- Flat fee: $1,000 to $15,000 (standalone, project-based financial planning services)

> Project-Based – Penserra offers standalone, project-based financial planning services either on an hourly basis or a fixed fee. Hourly engagements range from $150 to $500. Fixed engagement fees range from $1,000 to $15,000.

- Flat fee: $15,000 a year (standalone financial planning services)

> Ongoing Services – Penserra offers standalone financial planning services for a fixed fee of up to $15,000 annually.

- Subscription: $15,000 a year (standalone financial planning services)

> Ongoing Services – Penserra offers standalone financial planning services for a fixed fee of up to $15,000 annually. Fees may be negotiable based on the nature and complexity of the services to be provided and the overall relationship with the Advisor.

As stated in the firm's brochure. Fees can differ by service and may be negotiable.

### Custodians (Schedule D, Section 5.K(3))
- Charles Schwab & Co., Inc.

Custodians holding 10% or more of the firm's separately managed account assets, as filed on Form ADV (Schedule D, Section 5.K(3)). A custodian holds client assets; it does not endorse or supervise the firm. AdvisorCensus has no relationship with any custodian.

### Regulatory assets under management (Item 5.F)
- Total: $2,500,000
- Discretionary: $2,500,000
- Non-discretionary: $0

### Clients (Item 5.D)

| Client type | Clients | Assets |
| --- | --- | --- |
| Individuals (other than high net worth individuals) | 8 | $2,500,000 |

### Advisory services (Item 5.G)
- Financial planning services
- Portfolio management for individuals and/or small businesses
- Pension consulting services

### Firm details
- Registered since: 2024 (1 year)
- Employees: 2 total, 1 performing advisory functions
- Wrap fee program participation: No
- States registered or notice-filed: AZ, CA, FL, MA, MI, PA, TX, WA
- Disclosures (Item 11): Reports no disclosure items on Form ADV Item 11.

### Websites listed on Form ADV (Item 1.I)
- penserrawealth.com
- treasurywest.com

## Assets and staff over time

| Data period | Regulatory assets under management | Employees | Filing dated |
| --- | --- | --- | --- |
| October 2025 | Not reported | 2 | March 13, 2025 |
| October 2026 | $2,500,000 | 2 | October 1, 2026 |

Total employees: 2 in October 2025 and 2 in October 2026.

## Changes in the filing (last 12 months)

### October 2026
- Added the business name Treasury West.
- Added the business name Norcal Financial Advisors.
- Registered or notice-filed in FL, MA, PA, TX.
- Updated its list of owners and control persons (Schedule A).

### May 2026
- Registered or notice-filed in AZ, MI, WA.

## Source

Form ADV as filed, October 2026. Values appear as filed. Cite as: AdvisorCensus. Penserra Wealth Management (CRD 333218): Form ADV filing data as of October 2026.