C
Cheng, Jen I
Updated today
Data sourced from SEC public records (and other sources when available). Refreshed weekly • Updated today.
Client assets under management
$0
Clients
0
Advisors
1
of 1 employees
Firm type
Independent
1 advisor with up to 2 employees
Fewer clients per advisor generally means more personalized, proactive service. Higher ratios may reflect streamlined models or lower minimums.
Clients per advisor
0
Very LowAverage account size
—
About
CHENG is a state-registered investment adviser that provides advice focused on real-estate pooled vehicles, principally Delaware Statutory Trusts (DSTs) offered as private placements to accredited investors. The firm does not act as an issuer or broker and, apart from discretionary oversight of a family trust for which it serves as trustee, does not manage third‑party client assets.
The adviser’s work emphasizes research, due diligence, and suitability assessments for illiquid real‑estate investment vehicles and related 1031 exchange considerations rather than comprehensive financial planning or continuous portfolio management. CHENG consults with prospective investors on risk tolerance, time horizon, and asset allocation to inform recommendations about alternative real‑estate investments.
CHENG’s operating and compensation model is atypical for an investment manager: engagements are billed on an hourly or fixed‑engagement basis and the firm does not use percentage‑of‑assets‑under‑management fees or participate in soft‑dollar arrangements. The adviser describes itself as fee‑only, limits client‑facing trading activity, and confines discretionary authority and custody to a family trust rather than external client accounts.
Client services
Portfolio management
Investment research
Expertise
Private / alternative investments
Real estate investing
Fee options
Fixed fees for research and due diligence ranging from $1,000 to $10,000
Hourly rate of $150/hour for work beyond research engagement or upon termination
Account minimum: $1,000 Minimum fee: Fixed fee ranges from $1,000 to $10,000, negotiable; $300 due at engagement, remainder upon delivery Fee-only: Fee only, charges fixed fees for research and due diligence; no commissions or asset-based fees
Main office location
Cheng, Jen I
Saratoga CA, United States
Number of offices
1
Most active in
Cheng, Jen I has reported serving >5 clients in these states in the last 12 months.
California
Disclosures
Firm disclosures are reported in Form ADV Part 1A, Item 11. They include criminal charges, regulatory actions, civil proceedings, and professional disciplinary events involving the firm or its advisory affiliates.
Exclamation point means they have disclosures of this type. Check mark means no disclosures of this type were found.
Business activities & affiliations
These affiliations may expand the services this firm offers and, in some cases, how they are compensated.
Is not active or affiliated with:
-
Insurance agent
They sell insurance products and may earn commissions on those sales.
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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
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