Andina Capital Management, LLC (Lehi)

Name: Andina Capital Management, LLC
Address: Thanksgiving Business Park, Lehi, UT, 84043
Telephone: 801-949-2475

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.

Andina Capital Management: assets under management

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 firm manages $203.87 million in discretionary accounts and $14.84 million in non-discretionary accounts. On average, the discretionary accounts where all decisions are made on behalf of the client hold $579.18 thousand each. Non-discretionary accounts, where clients actively manage their portfolios, generally hold around $138.66 thousand.

Andina Capital Management has custody of $117.03 million in cash and securities for 5 clients in total but doesn’t act as a qualified custodian.

Investments

The firm invests in pooled investment vehicles the most. They account for 48% of the total AUM. The second-largest asset type is government bonds, which make up 20% of the firm’s portfolio. Investments in exchange traded securities form 12% of the total invested assets.

Fees & Commissions

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. Compensation based on assets under management promotes a long-term relationship between a client and the adviser and helps align mutual interests. These fees don’t include brokerage commissions, interest, taxes, and other account expenses.

What kind of clients Andina Capital Management serves?

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.

Careers at Andina Capital Management, LLC

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.

Direct owners and executive officers

Name	Entity	Date acquired	Ownership	Employer ID
Eric Stephan Barlow	Managing member	1 Aug 2012	50% - 75%	2243431
James Brett Belliston	Managing member & chief compliance officer	1 Oct 2013	Other	2402952

Based in Lehi

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.