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Jay Eng

Independent Financial Group, LLC
29 Years of Experience
Torrance, CA
4 DisclosuresBroker
View SEC Summary
View SEC Summary

Jay Eng is a registered investment advisor at Independent Financial Group, LLC, based in Torrance, CA, with 29 years of industry experience. Jay is also registered as a broker, so some compensation may come from commissions on products sold. Their practice areas include Alternative Investments, Annuities, Business Owners, Charitable Giving, and 9 more. Their firm serves 26,635 clients with $13B in assets under management.

Independent Financial Group, LLC
Compensation
Commission-BasedFee-Only (% of Portfolio)Fixed/Hourly
Firm Size
541 advisors
Number of Clients
26,635 clients
Average Client Portfolio
$485K average
Assets Under Management
$12.9B

Fee Structure

Minimum Investment:$25K
Investment management only (planning not offered)
Portfolio-Based Fees (Flat)
Portfolio ValueAnnual Fee
Up to $250K2.00%
$250K - $500K2.00%
$500K - $1.0M2.00%
$1.0M - $2.0M2.00%
$2.0M - $5.0M2.00%
$5M+2.00%

Maximum advisor fee is shown; program fees (0.04% to 0.16%) and transaction charges may apply depending on the selected program. Fees are negotiable.

Fee Estimator
Your Portfolio Value
$500K
$0$500K$1M$5M$20M
Estimated Annual Fee
—
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 · 6 yrs 1 mo
Independent Financial Group, LLCBroker
September 2020 - Present · 6 yrs 1 mo
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 Registrations20 states
ALARAZCACTFLGAIDILKSMIMNNCNVOKORPATXVAWA
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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Jay Eng - Financial Advisor | TrueAdvisor