AdvisorCensus / Financial advisors / Utah / Logan / Andina Advisors
Andina Advisors
Filed as ANDINA ADVISORS · Legal name Andina Capital Management, LLC
Andina Advisors is an SEC-registered investment advisory firm in Logan, UT, registered since 2014, reporting $1 billion to $5 billion in regulatory assets under management in its Form ADV filing dated July 2, 2026.
Quick answers
From the filingHow is Andina Advisors compensated?
On its Form ADV (Item 5.E, October 2026), Andina Advisors reports these compensation arrangements: a percentage of assets under its management; hourly charges; fixed fees (other than subscription fees).
Where is Andina Advisors located?
Andina Advisors' principal office is in Logan, UT, according to its Form ADV; the August 2026 filing also lists 1 other office (Schedule D, Section 1.F).
Is Andina Advisors registered with the SEC or a state?
Andina Advisors is an SEC-registered investment advisory firm, registered since 2014. Status as filed: Approved. CRD 151762.
How much does Andina Advisors manage?
Andina Advisors reports $1,261,450,515 in regulatory assets under management in its Form ADV filing dated July 2, 2026 (50% discretionary).
How have Andina Advisors' assets and staff changed since 2021?
In the Form ADV data for Andina Advisors: Regulatory assets under management: $258,058,668 in the October 2021 data and $1,261,450,515 in the October 2026 data, up 389%. Total employees: 8 in October 2021 and 13 in October 2026. Assets under management move with markets as well as with clients coming and going.
What types of clients does Andina Advisors serve?
By number of clients on Form ADV Item 5.D: individuals (other than high net worth individuals) (409); high net worth individuals (223); corporations or other businesses not listed above (68).
Which custodians does Andina Advisors use?
Andina Advisors' most recent Form ADV filing (Schedule D, Section 5.K(3)) lists Charles Schwab & Co., Inc. as a custodian holding 10% or more of its separately managed account assets.
Does Andina Advisors report any disciplinary disclosures?
Reports no disclosure items on Form ADV Item 11. The detail of any item is on the firm's SEC record: https://adviserinfo.sec.gov/firm/summary/151762
Does Andina Advisors state an account minimum?
Its Form ADV Part 2A brochure dated July 2, 2026 says: "We generally require a minimum initial investment of $50,000 to establish an investment management relationship; however, we retain the right to waive or reduce this minimum if we feel circumstances are warranted."
What changed in Andina Advisors' recent Form ADV filings?
In the August 2026 filing data: Employees performing advisory functions went from 13 to 6. Added an office in Draper, UT. No longer lists an office in Lehi, UT. No longer lists an office in Vernal, UT. Updated its list of owners and control persons (Schedule A).
From the Form ADV filing
Every figure below is as the firm filed it with regulators, as of October 2026.
How the firm is compensated
Item 5.E- A percentage of assets under your management
- Hourly charges
- Fixed fees (other than subscription fees)
Item 5.E lists how the firm is compensated for its advice; Items 5.B, 6.A, and 7.A show whether its people or related companies can also earn commissions. Percentage of assets, fixed, hourly, subscription, and performance-based fees come from clients (a performance-based fee depends on investment results); commissions come with a sale or a trade, often from the company behind the product. How fees, commissions, and other arrangements differ
Fees and minimums
Form ADV Part 2AAccount minimum: $50,000 (the brochure says it may be waived or negotiated)
The brochure's wording
We generally require a minimum initial investment of $50,000 to establish an investment management relationship; however, we retain the right to waive or reduce this minimum if we feel circumstances are warranted.
As stated in the firm's Form ADV Part 2A brochure dated July 2, 2026. Fees can differ by service and may be negotiable; the brochure is the complete statement. Read the brochure on the SEC's IAPD site
Regulatory assets under management
Item 5.F$1,261,450,515 as of October 2026, filing dated July 2, 2026.
A measure of scale, not skill or returns. Discretionary means the firm decides trades; non-discretionary means clients approve each one. What assets under management means
Who the firm serves
Item 5.DA firm with no individual clients is an institutional manager even if it manages billions; the mix tells you whom the practice is built around.
Advisory services
Item 5.G- Financial planning services
- Portfolio management for individuals and/or small businesses
- Portfolio management for pooled investment vehicles (other than investment companies)
- Selection of other advisers (including private fund managers)
Registration and firm details
Items 1, 2, 5- Legal name
- Andina Capital Management, LLC
- Also doing business as
- ANDINA ADVISORS, ANDINA FAMILY OFFICES
- Registration
- SEC-registered investment adviser. Status as filed: Approved.
- Registered since
- 2014 (11 years)
- Employees
- Total: 13. Performing investment advisory functions: 6.
- Wrap fee program participation
- No.
- Custodians (Schedule D, Section 5.K(3))
-
Custodians holding 10% or more of the firm's separately managed account assets, as filed on Form ADV (Schedule D, Section 5.K(3)). A custodian holds client assets; it does not endorse or supervise the firm. AdvisorCensus has no relationship with any custodian.
- Other offices (Schedule D, Section 1.F)
-
1 other office, as of the August 2026 filing
- States registered or notice-filed
-
12 states or jurisdictions
SEC-registered investment advisers are examined by the SEC. SEC, state, and exempt registration
Disclosures
Item 11None Reports no disclosure items on Form ADV Item 11. View on IAPD.
Item 11 asks about criminal, regulatory, and civil events involving the firm and its advisory personnel. The detail of each yes answer is on the IAPD record. Reading a firm's disclosures
Assets and staff over time
Items 5.A, 5.F| Data period | Assets under management | Employees | Filing dated |
|---|---|---|---|
| October 2026 | $1,261,450,515 | 13 | July 2, 2026 |
| October 2025 | $1,016,634,723 | 17 | March 26, 2025 |
| October 2024 | $808,470,832 | 17 | September 30, 2024 |
| October 2023 | $642,123,815 | 16 | July 31, 2023 |
| October 2022 | $461,182,633 | 16 | September 9, 2022 |
| October 2021 | $258,058,668 | 8 | August 12, 2021 |
Regulatory assets under management: $258,058,668 in the October 2021 data and $1,261,450,515 in the October 2026 data, up 389%.
Total employees: 8 in October 2021 and 13 in October 2026.
As filed in each year's data for the same month. Assets under management move with markets as well as with clients coming and going; they measure scale, not skill or returns. Most firms update these figures once a year.
Changes in the filing
Last 12 months- August 2026
- Employees performing advisory functions went from 13 to 6.
- Added an office in Draper, UT.
- No longer lists an office in Lehi, UT.
- No longer lists an office in Vernal, UT.
- Updated its list of owners and control persons (Schedule A).
- April 2026
- Added the business name Andina Family Offices.
- Employees performing advisory functions went from 12 to 13.
- Regulatory assets under management went from $1,016,634,723 to $1,261,450,515 (+24%).
- Changed its office addresses in Lehi, UT.
- Registered or notice-filed in AZ, CO, MT, WA, WY.
- Updated its list of owners and control persons (Schedule A).
- February 2026
- No longer lists an office in Logan, UT.
- Updated its list of owners and control persons (Schedule A).
- December 2025
- Employees performing advisory functions went from 11 to 12.
Compared month to month from the SEC's monthly adviser data and the state compilation feed. Owners and control persons are summarized, never named.
Websites listed on Form ADV
Item 1.ISource: Form ADV, as of October 2026. Values appear as filed; a value the firm did not report is shown as "Not reported."
Cite this page
AdvisorCensus. Andina Advisors (CRD 151762): Form ADV filing data as of October 2026. https://advisorcensus.com/firm/andina-advisors-logan-ut-151762