Cheng, Jen I
Data sourced from SEC public records (and other sources when available). Refreshed weekly • Updated today.
About
The firm provides investment advice to individual and high‑net‑worth clients with a narrow focus on real estate investment vehicles, particularly third‑party Delaware Statutory Trusts (DSTs) offered pursuant to Regulation D. It delivers research and due‑diligence reports and guidance on suitability and 1031 exchange mechanics but does not act as an issuer, sell securities, or provide financial, tax, or estate planning services.
The firm’s process centers on screening DST opportunities, assessing client risk tolerance and investment objectives, and recommending allocations intended to complement clients’ broader goals. It does not manage client assets, accept discretionary authority, or custody funds; clients are responsible for executing transactions and selecting qualified intermediaries for exchanges.
Notably, the firm does not charge percentage‑of‑assets‑under‑management fees; instead it bills for its research and due‑diligence services and operates on a fee‑only basis without accepting transaction‑based compensation or soft‑dollar benefits. The adviser also discloses a separate property‑management activity for its own rental holdings and maintains formal business continuity and compliance procedures, which distinguish its operating profile from many peer solo advisers.
Client services
Expertise
Fee options
Fixed fees ranging from $1,000 to $10,000 for research and due diligence
Hourly rate of $150/hour for work completed beyond fixed fee engagements
Account minimum: $1,000 Minimum fee: Fixed fee ranging from $1,000 to $10,000, negotiable, with $300 due at engagement Fee-only: Fixed fees for research and due diligence; hourly fees of $150/hour for additional work
Main office
Saratoga CA
Advisors at this office
1
Most active in
California
Disclosures
Exclamation point means they have disclosures of this type. Check mark means no disclosures of this type were found.
Business activities & affiliations
Is not active or affiliated with:
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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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