DFX Intelligence
RIA Intelligence
Registered investment advisers, the advisors registered through them, the capital they report, the private vehicles they run and the people who own them, as a graph with a filing date behind every number. RAUM is what the adviser filed, a move is two registration dates, and a class is a rule you can read.
SEC-registered adviser
Penserra Wealth Management
Legal name Penserra Wealth Management LLC
Latest filing Sep 11, 2026
First filing on the tape Sep 24, 2024 · 8 filings
SEC status approved since Oct 24, 2024
RAUM
$2.5M
reported, Item 5.F
Discretionary
100%
of RAUM
Private clients
100%
$2.5M individuals and HNW
Advisors
9
registered through the firm on IAPD
RAUM per advisor
$277,778
derived; firm RAUM over IAPD count
Employees
2
1 advisory (5.B.1)
Offices
0
beyond the principal office
Private funds
0
reported on Schedule D
History
8 filings and snapshots on the tape
RAUM$2.5M as of Jun 23, 2026
Mar 13, 2025$0 then
HNW client RAUM: no history
State-registered IARs (5.B.3)1 as of Jun 23, 2026
Mar 13, 20251 then
Employees (5.A)2 as of Jun 23, 2026
Mar 13, 20252 then
Private funds: no history
RAUM n/a over the last fiscal yearIARs 1 to 1
Practice profile
derived from the filing of Sep 11, 2026; every figure names its basis
- RAUM per advisor
- $277,778derivedRAUM over IAPD advisors; not a book size
- Clients per advisor
- unknownderivedindividual and HNW clients (5.D) over advisors
- Average HNW client
- unknownderivedHNW RAUM over HNW clients
- Average account
- $312,500derivedRAUM over accounts (5.F.2.f)
- Discretionary
- 100%derivedof RAUM
- Institutional
- 0.0%derivedpensions, charities, corporations, government, insurance, banks, other advisers
- Employees per advisor
- 0.2derivedItem 5.A over advisors
- Advisors per office
- 9.0derived1 offices incl. principal (1.F.5)
- RAUM growth, one year
- unknownderivedbetween the last two annual amendments
- Advisor growth, one year
- +0.0%derivedItem 5.B.3 between annual amendments
- Client growth, one year
- unknownderived
- Compensation
- percentage of assets, hourly, fixed feesreportedItem 5.E
- Advisory activities
- financial planning, portfolio management for individuals, pension consultingreportedItem 5.G
- Ownership
- no PE, bank or public-company owner found on Schedule Aderived
- Advisor book size
- not public; not estimatedreported
Also answered yes on Form ADV
- has discretionary authority over which securities are bought or sold (8.C.1)
- receives research or other products from a broker-dealer, soft dollars (8.E)
Where the RAUM sits
Form ADV Item 5.D, latest filing
- Individuals$2.5M100%
- Individual clients
- 8reported
- HNW clients
- n/areported
- Pension plan clients
- n/areported
- Charitable clients
- n/areported
- Accounts
- 8reported
- Financial planning clients
- 1-10reported
- Wrap fee programs
- noreported
- Custody of client assets
- noreported
- Compensation
- % of AUM, fixed, hourlyreported
- Class basis
- private_client_share=1.0 fund_share=0.0 institutional_share=0.0 related_bd=true related_bank=true bd_reps=2.0 bank_owner=falsederived
Advisors registered through the firm
3 on IAPD today, longest tenure first
| Name | Branch | Here since | In industry | Prior firms |
|---|---|---|---|---|
| Craig M Gougis | Cerritos, Ca | Jan 2, 2026 | 26 y | 5 |
| Calvin LeeCertified Financial Planner | San Francisco, Ca | Jun 7, 2026 | 18 y | 2 |
| Viviana Alexis Mattos | Orinda, Ca | Sep 9, 2026 | 10 y | 2 |
Advisor movement
0 left, 3 joined in 12 months
net +3 in 12 months0 left in 90 days1 joined in 90 daysdeparture rate 0.0% of current headcount0 left over 36 months
Left, latest
none on the tape
Joined, latest
- Viviana Alexis Mattos from Perigon Wealth Management, LLCSep 9, 2026 · RIA to RIA
- Calvin Lee from Gamma Investing LLCJun 7, 2026 · Other
- Craig M Gougis from Emerson Equity LLCJan 2, 2026 · Affiliated broker-dealer or bank to a newly registered adviser
Private funds
No private fund reported.
Owners and control persons
Schedule A and B, latest filing
- Nmn Jorge Madrigal · Ceocontrolsince 08/2024 · owns less than 5%
- Nmn Jorge Madrigal · Owner And Ceocontrolsince 01/2015 · owns 25% to 50% of Penserra Financial Ventures LLC
- Wilson Lee Geiger · Chief Compliance Officersince 09/2024 · owns less than 5%
Entity owners
- Pwm Advisor Services LLC · Class A Unit Memberdirect · owns 75% or more
- Penserra Financial Ventures LLC · Class A Unit Memberindirect · owns 75% or more of Pwm Advisor Services LLC
Related persons
Schedule D 7.A
- Penserra Capital Management LLCinvestment advisernRAUM $18B
- Penserra Global Investors LLCinvestment advisernRAUM $2
- Penserra Securities, LLCbroker-dealern
Office movement
IAPD branch city; joins and departures in 12 months
| Office | Advisors | Joined | Left | Teams out | Forming |
|---|---|---|---|---|---|
| Orinda, Ca · principal | 6 | 6 | 0 | ||
| Petaluma, Ca | 2 | 2 | 0 |
Offices
Schedule D 1.F, the 25 largest
No branch office listed.
ADV anomalies
3 against comparable advisers; where to look, not conclusions
- business activity changedChange between filings · filing Sep 11, 2026pension consulting (Item 5.G.6): no on the filing of 2026-06-23, yes on the filing of 2026-09-11peers: independent wealth managers, under $100M (704)
- business activity changedChange between filings · filing Sep 11, 2026wrap fee program participation (Item 5.I): yes on the filing of 2026-06-23, no on the filing of 2026-09-11peers: independent wealth managers, under $100M (704)
- compensation changedChange between filings · filing Sep 11, 2026hourly charges (Item 5.E.2): no on the filing of 2026-06-23, yes on the filing of 2026-09-11peers: independent wealth managers, under $100M (704)
What changed
consecutive filings, newest first
- Financial planning clients · 1-10 to 1-10Jun 23, 2026 to Sep 11, 2026
- Discretionary RAUM · $0 to $2.5MJun 23, 2026 to Sep 11, 2026
- Non-discretionary RAUM · $2.5M to $0Jun 23, 2026 to Sep 11, 2026
- Succession · false to unsetJun 23, 2026 to Sep 11, 2026
- Wrap assets (manager) · 0.0 to unsetJun 23, 2026 to Sep 11, 2026
- Wrap assets (sponsor) · 0.0 to unsetJun 23, 2026 to Sep 11, 2026
- Accounts · 0 to 8Mar 13, 2025 to Jan 22, 2026
- Individual clients · unset to 8.0Mar 13, 2025 to Jan 22, 2026
- Financial planning clients · 0 to 1-10Mar 13, 2025 to Jan 22, 2026
- Individual RAUM · unset to 2500000.0Mar 13, 2025 to Jan 22, 2026
- Non-discretionary RAUM · $0 to $2.5MMar 13, 2025 to Jan 22, 2026
- RAUM · $0 to $2.5MMar 13, 2025 to Jan 22, 2026
- Accounts · unset to 0.0Dec 13, 2024 to Mar 13, 2025
- Financial planning clients · 0 to 0Dec 13, 2024 to Mar 13, 2025
- Discretionary RAUM · unset to 0.0Dec 13, 2024 to Mar 13, 2025
- Non-discretionary RAUM · unset to 0.0Dec 13, 2024 to Mar 13, 2025
- RAUM · unset to 0.0Dec 13, 2024 to Mar 13, 2025
Signals
1 dated events
- Penserra Wealth Management filed its initial SEC registration (Form ADV)Sep 24, 2024 · First SEC registration · fact
Across DFX
shared identifiers only, never a name match
No identifier-backed link to the venture, private equity, family office or sponsor graphs.
How to reach
public business contact points only, each with its source
- Business email
- info@penserrawealth.comreportedpublished by the firm, firm site, Sep 16, 2026
- Business phone
- 800-456-8850reportedpublished by the firm, firm site, Sep 16, 2026
- Website
- penserrawealth.comreportedpublic record, Form ADV, Sep 17, 2026
- Principal office phone
- 4157179276reportedpublic record, Form ADV, Sep 11, 2026
- Contact form
- penserrawealth.com/contact-usreportedpublished by the firm, firm site, Sep 16, 2026
- Team page
- penserrawealth.com/leadershipreportedpublished by the firm, firm site, Sep 16, 2026
Provenance
- Form ADV
- SEC filing data 2011 to 2024 and the monthly roster 2025 onreportedadviserinfo.sec.gov
- Advisors
- IAPD individual compilation feed, dailyreportedadviserinfo.sec.gov
- Class
- Independent wealth managerderiveda rule over Items 5.D and 7.A
- RAUM per advisor
- $277,778derivedfirm RAUM over the IAPD count; not a book size
- Loaded
- Sep 14, 2026