Independent Financial Group, LLC

Registered investment adviser · San Diego, CA · CRD #7717

Form ADV data as of 2026-09-01

Regulatory assets

$12.93 billion

Total accounts

54,951

Employees

624

Disclosure events

Firm details

Website: https://www.ifgsd.com
Telephone: 858-436-3180
SEC file number: 801-62667
Most recent Form ADV filing: 2026-03-17
SEC record: View this firm on the SEC's IAPD site

Disciplinary disclosures

This firm reports 7 disclosure questions answered Yes, covering 8 reported events. Form ADV Item 11 covers charges and pending proceedings as well as findings, so a Yes answer is not itself a finding of wrongdoing. The underlying detail is filed with the SEC.

SEC or CFTC found a violation of its regulations or statutes
SEC or CFTC entered an order in connection with investment-related activity
SEC or CFTC imposed a civil money penalty or a cease-and-desist order
Another regulator found a violation of investment-related regulations or statutes
Another regulator entered an order in connection with investment-related activity (past 10 years)
A self-regulatory organization found a violation of its rules
A self-regulatory organization expelled, suspended, barred, or restricted the firm

Assets and accounts

Provides continuous and regular supervisory or management services	Yes
Discretionary regulatory assets under management	$12.72 billion
Non-discretionary regulatory assets under management	$204.9 million
Total regulatory assets under management	$12.93 billion
Discretionary accounts	54,510
Non-discretionary accounts	441
Total accounts	54,951
Regulatory assets under management attributable to non-U.S. persons	$38.5 million

People

Total employees (excluding clerical)	624
Employees performing investment advisory functions (including research)	476
Employees who are registered representatives of a broker-dealer	513
Employees registered as investment adviser representatives with a state	425
Employees registered as IARs for another investment adviser	20
Employees who are licensed insurance agents	486
Firms or persons who solicit advisory clients on the firm's behalf	0

Custody

Has custody of client cash or bank accounts	No
Has custody of client securities	No
A related person has custody of client cash or bank accounts	No
A related person has custody of client securities	No
The firm acts as a qualified custodian	No
A related person acts as a qualified custodian	No

How the firm is compensated

A percentage of assets under managementHourly chargesFixed fees (other than subscription fees)CommissionsPerformance-based fees

Advisory services offered

Financial planning servicesPortfolio management for individuals and/or small businessesPortfolio management for businesses or institutional clientsPension consulting servicesSelection of other advisers (including private fund managers)

Other business activities

Broker-dealer (registered or unregistered)Insurance broker or agent

Affiliated related persons

Broker-dealer, municipal securities dealer, or government securities broker or dealerInsurance company or agency

Reported conflicts of interest

Form ADV Items 8 asks advisers to disclose arrangements that may create a conflict with client interests. This firm answered Yes to:

Buys or sells for itself securities it also recommends to clients
Recommends brokers or dealers to clients
Brokers or dealers recommended under 8.E. are related persons
Compensates a non-employee for client referrals
Receives compensation from others for client referrals

Client types

Type of client	Clients	Assets
Individuals (other than high net worth individuals)	23,458	$7.12 billion
High net worth individuals	2,438	$5.16 billion
Pension and profit sharing plans (not the participants or government plans)	347	$247.8 million
Charitable organizations	85	$71.0 million
Corporations or other businesses not listed above	307	$321.0 million