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Jay Eng

Independent Financial Group, LLC
28 Years of Experience
Torrance, CA
4 DisclosuresBroker
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Jay Eng is a registered investment advisor at Independent Financial Group, LLC, based in Torrance, CA, with 28 years of industry experience. Their practice areas include Investment Management, Retirement Planning. Their firm serves 44,045 clients with $11B in assets under management.

Independent Financial Group, LLC
Compensation
Commission-BasedFee-Only (% of Portfolio)Fixed/Hourly
Firm Size
538 advisors
Number of Clients
44,045 clients
Average Client Portfolio
$257K average
Assets Under Management
$11.3B

Fee Structure

Minimum Investment:$5K
Planning is included in investment management (also available separately)

IFG offers investment management through various programs, including AccessPoint, Custom Asset Management, and Third Party Asset Managers. Fees are based on a percentage of the value of your account and are negotiable. Transaction charges may also apply. The maximum advisory fee is 3.00% per year. IFG and its IARs may receive additional compensation from product sponsors, which creates a conflict of interest.

View Full SEC Brochure

Location

Torrance, CA

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History

Regulatory History (4)
What are disclosures? Advisors must report customer complaints, regulatory actions, and certain legal or financial events to the SEC. Not all disclosures are serious—many are settled disputes or minor violations. Learn how to evaluate them.
Regulatory
January 2023
Final
Customer Dispute
January 2021
Denied
Employment Separation After Allegations
September 2020
Customer Dispute
September 2013
Denied
View Full SEC ReportHow to Read Disclosures
Other Business Activities

Jay is a trustee of The Eng Family Trust, which involves real estate sales, rental properties, and property management, and is a 50% passive owner of rental property, dedicating minimal time to it. Jay is also a 50% owner of Eng Wealth Management, a DBA used for marketing purposes, and spends no time on it.

Employment History
Current Registrations
Independent Financial Group, LLC
September 2020 - Present · 5 yrs 8 mos
Independent Financial Group, LLCBroker
September 2020 - Present · 5 yrs 8 mos
Previous Registrations
Kinecta Wealth ManagementBroker
June 2006 - September 2020 · 14 yrs 3 mos
LPL Financial LLC
August 2004 - September 2020 · 16 yrs 1 mo
LPL Financial LLCBroker
May 2004 - September 2020 · 16 yrs 4 mos
Wm Financial Services, INC.Broker
June 2003 - February 2004 · 8 mos
Electronic Trading Group, LLCBroker
January 2003 - May 2003 · 4 mos
Pulse Trading, INC.Broker
June 2002 - September 2002 · 3 mos
Banc of America Securities LLCBroker
March 2001 - May 2002 · 1 yr 2 mos
J.P. Morgan Securities INC.Broker
February 2001 - February 2001 · 0 mos
Chase Securities INC.Broker
March 2000 - February 2001 · 11 mos
Schwab Capital Markets L.P.Broker
June 1999 - March 2000 · 9 mos
Bernard L. MadoffBroker
February 1999 - May 1999 · 3 mos
Nationsbanc Montgomery Securities LLCBroker
May 1998 - June 1998 · 1 mo
Nationsbanc Investments, INC.Broker
July 1992 - November 1994 · 2 yrs 4 mos
State Registrations18 states
ALARAZCACTFLGAIDILKSNCNVOKORPATXVAWA
AdvisorBrokerBoth

You can work with an advisor not registered in your state. Most advisors can legally serve a small number of clients across state lines without registering.

Exams
No exam information available for this advisor.
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