Penny Lane Wealth Management, LLC
Data sourced from SEC public records (and other sources when available). Refreshed weekly • Updated today.
About
Penny Lane Wealth Management, LLC provides advisory services to individual and high-net-worth clients and reports roughly $18.9 million in assets under management across about 40 client relationships with two advisors. The firm typically charges percentage-of-AUM fees and also makes available insurance products through an affiliated insurance entity.
The firm’s advisory work is conducted primarily on a non-discretionary basis, so clients generally retain final decision-making authority over transactions rather than delegating full trading discretion. The firm’s brochure also indicates it does not provide portfolio management services for individual clients, so its client work is oriented toward advice, planning, and client-directed implementation.
Penny Lane is affiliated with an insurance company and with other investment advisers, and at least one advisor is licensed to sell insurance through the affiliated insurance business. The brochure discloses that advisors may receive commissions for insurance sales and may receive up to a ten-percent referral fee from the affiliated insurance firm, and describes disclosure and fiduciary processes the firm uses to address those conflicts.
Client services
Fee options
Commissions on insurance sales and investment advisory representation are received by Henry Webb; includes potential referral fees.
Main office
1804 W. Union Ave., Suite 202
Tacoma WA 98405
Advisors at this office
3
Most active in
Washington
Also doing business as
Penny Lane Wealth Management · Penny Lane Wealth Management, LLC
Disclosures
Exclamation point means they have disclosures of this type. Check mark means no disclosures of this type were found.
Business activities & affiliations
Is active or affiliated with:
Insurance agent
They sell insurance products and may earn commissions on those sales.
Is not active or affiliated with:
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Broker-dealer / trader
They provide brokerage services and may earn transaction-based compensation in addition to advisory fees.
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Bank
They're affiliated with a bank that may offer its own financial products and services.
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Trust company
They provide trust and estate administration services, typically for separate fees.
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Fund sponsor
They manage or sponsor investment funds and may earn management or performance-based fees if clients invest in them.
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Accountant / CPA / tax prep
They offer tax and accounting services, typically for separate fees.
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Lawyer
They provide legal services, typically billed separately.
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Real estate agent
They facilitate real estate transactions and may earn commissions.
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Other specialized services
They may provide services such as pension consulting or municipal advisory work, typically for separate fees.
Forms ADV
Quick links
Advisors at this firm
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