David D. Lee

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CRD#: 1613388

Professional summary

David D Lee was barred by the FINRA from acting as a broker or investment advisor or otherwise associating with a broker-dealer firm.

David is a previously registered financial advisor and started their career in finance in 1989. Prior to being barred, David had worked at 6 firms, which includes INDEPENDENT FINANCIAL GROUP LLC, WOODBURY FINANCIAL SERVICES INC., HIMCO DISTRIBUTION SERVICES COMPANY, KESTRA INVESTMENT SERVICES LLC, PRUCO SECURITIES LLC., NYLIFE SECURITIES LLC.

Question & Answer

Are you a "fiduciary"?

Aliases

David Do-Yong Lee | David D Lee

Other business activities

Outside business activity is any business or activity undertaken by an advisor that is outside the scope of their relationship with their firm (e.g., consulting services, real estate, freelance work, teaching, etc.). Investors should stay informed about these activities to ensure no conflicts of interest.

The advisor shows no other business activity.

Blog Corner

CRS (Client Relationship Summary)

The CRS(Customer Relationship Summary) document is not provided.

Certified licenses

Advisors may have various certifications and credentials from different organizations. AdvisorCheck highlights these seven certifications - AIF®, CFP®, ChFC®, CFA, CLU®, CIMA®, CPWA®

None

Experience

Past

July 13, 2010 - May 20, 2011

INDEPENDENT FINANCIAL GROUP, LLC

CRD#: 7717

HUNTINGTON BEACH, CA

Past

July 12, 2010 - May 20, 2011

INDEPENDENT FINANCIAL GROUP, LLC

RIA

CRD#: 7717

HUNTINGTON BEACH, CA

Past

April 18, 2008 - June 17, 2010

WOODBURY FINANCIAL SERVICES, INC.

RIA

CRD#: 421

NEWPORT BEACH, CA

Past

April 18, 2008 - June 17, 2010

WOODBURY FINANCIAL SERVICES, INC.

CRD#: 421

NEWPORT BEACH, CA

Past

November 5, 2007 - June 8, 2010

HIMCO DISTRIBUTION SERVICES COMPANY

CRD#: 6604

NEWPORT BEACH, CA

Past

January 25, 2007 - August 24, 2007

KESTRA INVESTMENT SERVICES, LLC

RIA

CRD#: 42046

LOS ANGELES, CA

Past

October 20, 2006 - August 24, 2007

KESTRA INVESTMENT SERVICES, LLC

CRD#: 42046

LOS ANGELES, CA

Past

August 13, 2003 - August 30, 2006

HIMCO DISTRIBUTION SERVICES COMPANY

CRD#: 6604

ENCINO, CA

Past

October 2, 2002 - May 14, 2003

PRUCO SECURITIES, LLC.

RIA

CRD#: 5685

EL SEGUNDO, CA

Past

July 5, 2001 - May 14, 2003

PRUCO SECURITIES, LLC.

CRD#: 5685

NEWARK, NJ

Past

March 6, 1989 - July 11, 2001

NYLIFE SECURITIES LLC

CRD#: 5167

NEW YORK, NY

Primary Firm SEC Registration

This SEC-registered firm can serve clients nationwide. Some states may require the firm to submit a notice filing if the firm has more than 5 clients or a physical office there. You can view these state-level filings under the section titled "State Registrations and Notice Filings".

INDEPENDENT FINANCIAL GROUP, LLC

CRD#: 7717 / SEC#: 801-62667, 8-22870

RIA

Registered Investment Advisory firm - SEC (1/30/2004 Approved)

Broker-Dealer Firm Regulated by FINRA (Los Angeles district office)

State Registrations and Notice Filings

Listed states reflect where the advisor is authorized to serve clients under state regulations.

Visual representation of state registrations

This advisor is not registered in any state.

Don't see your state listed? The advisor may still be able to work with you under the federal De Minimis Rule, which allows up to five investment advisory clients in a state without registration. Some states, like TX, LA, NE, and NH, may still require registration or notice filing. Contact the advisor or their firm to confirm their investment advisory availability in your state.

Exams

State Security Law Exam

IAR

Series 65

Date: 6/13/2002

Uniform Investment Adviser Law Examination

State Security Law Exam

Series 63

Date: 3/24/1987

Uniform Securities Agent State Law Examination

General Industry/Product Exam

Series 7

Date: 8/6/2002

General Securities Representative Examination

General Industry/Product Exam

Series 6

Date: 3/3/1989

Investment Company Products/Variable Contracts Representative Examination

Current Firm

INDEPENDENT FINANCIAL GROUP, LLC

CRD#: 7717 / SEC#: 801-62667, 8-22870

RIA

Registered Investment Advisory firm - SEC (1/30/2004 Approved)

Broker-Dealer Firm Regulated by FINRA (Los Angeles district office)

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Contact information

Main Address

12671 High Bluff Drive Suite 200, San Diego, CA 92130

Mailing Address

12671 High Bluff Drive Suite 200, San Diego, CA 92130

Phone number

(858) 436-3180

Established

Delaware since 07/09/2001

Firm type

Limited Liability Company

Fiscal year end

December

Firm Size

Large

# of Employees

622

SEC notice filing (52 States and Territories)

FINRA licenses (53 States and Territories)

Documents

Customer Relationship Summary (CRS / SEC)

Customer Relationship Summary (CRS / FINRA)

Latest Form ADV

Part 2 Brochures

FORM ADV PART 2B WRAP BROCHURE (9/4/2025)

FORM ADV PART 2A BROCHURE (9/4/2025)

Direct owners and executive officers

Name	Position	CRD#
INDEPENDENT FINANCIAL GROUP, INC.	OWNER
DAVIS, SCOTT EARLE	CFO & FINOP	7160800
DENNEN, BRIAN	CCO BROKERAGE & ADVISORY	3239786
FISCHER, DAVID ALLEN	MANAGING DIRECTOR	1634222
HEISING, SCOTT ALLEN	CHIEF EXECUTIVE OFFICER/ MANAGING DIRECTOR	2192259
KEEFE, KEVIN MICHAEL	PRESIDENT, COO	1869560
KREISMAN, SARAH JILL	SVP & GENERAL COUNSEL	2671706
PEARSON, TROY DALE	ROSFP	2413897

Regulatory assets under management

Total Number of Accounts	44,046
AUM (Assets Under Management)	$ 11,322,059,063

Disclosures

Regulatory Event	15
Arbitration	2
Bond	1

Red Flags

Disclosures can be potential red flags, including customer disputes, regulatory fines, employer terminations, bankruptcies, judgments, liens, or certain criminal activities.

Check for any disclosures as part of your thorough research when choosing an advisor.

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Firm Stability Insights

David D. Lee

Professional summary

Question & Answer

Aliases

Other business activities

Blog Corner

CRS (Client Relationship Summary)

Certified licenses

Experience

INDEPENDENT FINANCIAL GROUP, LLC

WOODBURY FINANCIAL SERVICES, INC.

WOODBURY FINANCIAL SERVICES, INC.

HIMCO DISTRIBUTION SERVICES COMPANY

KESTRA INVESTMENT SERVICES, LLC

KESTRA INVESTMENT SERVICES, LLC

HIMCO DISTRIBUTION SERVICES COMPANY

PRUCO SECURITIES, LLC.

PRUCO SECURITIES, LLC.

NYLIFE SECURITIES LLC

Primary Firm SEC Registration

INDEPENDENT FINANCIAL GROUP, LLC

State Registrations and Notice Filings

Exams

Series 65

Date: 6/13/2002

Series 63

Date: 3/24/1987

Series 7

Date: 8/6/2002

Series 6

Date: 3/3/1989

Current Firm

INDEPENDENT FINANCIAL GROUP, LLC

Contact information

SEC notice filing (52 States and Territories)

FINRA licenses (53 States and Territories)

Documents

Part 2 Brochures

Direct owners and executive officers

Regulatory assets under management

Disclosures

Red Flags

Company Information

INDEPENDENT FINANCIAL GROUP, LLC

TRUST BUT VERIFY

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