Andina Capital Management, LLC is a large advisory firm based in Lehi. It manages $218.71 million of regulatory assets for 459 client accounts. It has been registered with the SEC as an adviser since 2014 and has operated in the jurisdictions of California, Texas, and Utah.
Andina Capital Management provides financial planning services, portfolio management for individuals and small businesses, selection of other advisers, and portfolio management for private investment partnership(s). It prepares financial plans for more than 50 clients. On top of advisory services, the firm doesn't engage in other business activities.
The assets under management (AUM) of Andina Capital Management, LLC is $218.71 million. The firm's AUM has grown by 98% since the beginning of its operation, and the company doesn't manage any assets belonging to foreign clients.
The advisory firm has several streams of revenue. Clients pay Andina Capital Management, LLC for their services and products based on a percentage of assets under management, hourly charges, fixed fees, and performance-based fees. The adviser charges an additional fee when a set benchmark is outperformed. These fees don’t include brokerage commissions, interest, taxes, and other account expenses.
The firm provides services to individuals, charitable organizations, high net worth individuals, and pooled investment vehicles. The largest group of clients of Andina Capital Management is pooled investment vehicles with 5 clients and $117.03 million of assets under management. Among the 10 most similar advisory firms, Andina Capital Management has the highest percentage of pooled investment vehicles out of all clients.
The amount of regulatory assets under management is $218.71 million for 124 clients that can include trusts, estates, and 401(k) plans and IRAs of individuals and their family members. None of the firm’s clients are foreign persons or businesses.
Andina Capital Management also advises several private funds. Namely, six hedge funds. The minimum investment commitment required of non-related persons is $1,000,000 for each fund.
The company employs 7 people that are either part- or full-time employees. 86 percent of the employees work as investment advisers or researchers. 6 employees are registered as investment adviser representatives with the state securities authorities.
There isn’t anyone with the role of looking for and bringing in new clients on behalf of the firm. The firm doesn’t compensate employees in addition to the salary for bringing in new clients. Employees don’t receive compensation from other entities for client referrals.
The principal office where Andina Capital Management, LLC performs its advisory services is located at Thanksgiving Business Park, Lehi, UT 84043, which is also the mailing address of the firm. An additional office of the firm is in San Diego, CA. It doesn’t run an office outside of the United States.
You can reach the main office by calling the phone number 801-949-2475 or by fax 866-790-4221. The normal business hours are 9:00am - 5:00pm on Monday - Friday. You can find more information about the New York firm at andina-capital.com.