{
  "crd_number": 151762,
  "slug": "andina-advisors-logan-ut-151762",
  "primary_business_name": "ANDINA ADVISORS",
  "legal_name": "ANDINA CAPITAL MANAGEMENT, LLC",
  "dbas": [
    "ANDINA ADVISORS",
    "ANDINA FAMILY OFFICES"
  ],
  "city": "Logan",
  "state": "UT",
  "country": "United States",
  "cbsa_code": "30860",
  "metro": {
    "cbsa_code": "30860",
    "common_name": "Logan",
    "msa_name": "Logan, UT-ID",
    "path": "/advisors/ut/logan"
  },
  "registration_type": "sec",
  "registration_status": "Approved",
  "registration_date": "2014-12-05",
  "years_registered": 11,
  "period": "2026-10-01",
  "filing_date": "2026-07-02",
  "carried_forward": false,
  "raum_total": 1261450515.0,
  "raum_discretionary": 628779881.0,
  "raum_non_discretionary": 632670634.0,
  "raum_band": "1b_5b",
  "raum_band_label": "$1 billion to $5 billion",
  "total_employees": 13,
  "advisory_employees": 6,
  "client_count_bucket": "fewer_than_5_in_some_types",
  "clients_by_type": {
    "other": {
      "raum": 0.0,
      "count": 0
    },
    "charitable": {
      "raum": 0.0,
      "count": 0
    },
    "individuals": {
      "raum": 139376971.0,
      "count": 409
    },
    "banking_thrift": {
      "raum": 0.0,
      "count": 0
    },
    "state_municipal": {
      "raum": 0.0,
      "count": 0
    },
    "insurance_companies": {
      "raum": 24441939.0,
      "count": 1,
      "fewer_than_5": true
    },
    "investment_companies": {
      "raum": 0.0,
      "count": 0
    },
    "pension_profit_sharing": {
      "raum": 57193309.0,
      "count": 10
    },
    "other_investment_advisers": {
      "raum": 0.0,
      "count": 0
    },
    "high_net_worth_individuals": {
      "raum": 831756670.0,
      "count": 223
    },
    "pooled_investment_vehicles": {
      "raum": 0.0,
      "count": 0
    },
    "corporations_other_businesses": {
      "raum": 208681626.0,
      "count": 68
    },
    "business_development_companies": {
      "raum": 0.0,
      "count": 0
    },
    "sovereign_wealth_foreign_official": {
      "raum": 0.0,
      "count": 0
    }
  },
  "compensation_types": [
    "fixed",
    "hourly",
    "percentage_of_aum"
  ],
  "advisory_activities": [
    "financial_planning",
    "portfolio_management_individuals",
    "portfolio_management_pooled_vehicles",
    "selection_of_other_advisers"
  ],
  "wrap_fee_participant": false,
  "disclosure_yes_count": 0,
  "states_registered": [
    "AZ",
    "CA",
    "CO",
    "FL",
    "ID",
    "MT",
    "NV",
    "OR",
    "TX",
    "UT",
    "WA",
    "WY"
  ],
  "websites": [
    "https://andinaadvisors.com",
    "https://linkedin.com/company/andina-advisors",
    "https://linkedin.com/company/andina-family-offices"
  ],
  "iapd_url": "https://adviserinfo.sec.gov/firm/summary/151762",
  "city_as_filed": "LOGAN",
  "url": "https://advisorcensus.com/firm/andina-advisors-logan-ut-151762",
  "display_name": "Andina Advisors",
  "summary": "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.",
  "citation": "AdvisorCensus. Andina Advisors (CRD 151762): Form ADV filing data as of October 2026.",
  "registration_type_label": "SEC-registered investment adviser",
  "compensation_labels": [
    "A percentage of assets under your management",
    "Hourly charges",
    "Fixed fees (other than subscription fees)"
  ],
  "advisory_activity_labels": [
    "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)"
  ],
  "quick_answers": [
    {
      "q": "How is Andina Advisors compensated?",
      "a": "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)."
    },
    {
      "q": "Where is Andina Advisors located?",
      "a": "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)."
    },
    {
      "q": "Is Andina Advisors registered with the SEC or a state?",
      "a": "Andina Advisors is an SEC-registered investment advisory firm, registered since 2014. Status as filed: Approved. CRD 151762."
    },
    {
      "q": "How much does Andina Advisors manage?",
      "a": "Andina Advisors reports $1,261,450,515 in regulatory assets under management in its Form ADV filing dated July 2, 2026 (50% discretionary)."
    },
    {
      "q": "How have Andina Advisors' assets and staff changed since 2021?",
      "a": "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."
    },
    {
      "q": "What types of clients does Andina Advisors serve?",
      "a": "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)."
    },
    {
      "q": "Which custodians does Andina Advisors use?",
      "a": "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."
    },
    {
      "q": "Does Andina Advisors report any disciplinary disclosures?",
      "a": "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"
    },
    {
      "q": "Does Andina Advisors state an account minimum?",
      "a": "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.\""
    },
    {
      "q": "What changed in Andina Advisors' recent Form ADV filings?",
      "a": "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)."
    }
  ],
  "filing_history": [
    {
      "period": "2021-10-01",
      "regulatory_assets_under_management": 258058668.0,
      "total_employees": 8,
      "filing_date": "2021-08-12"
    },
    {
      "period": "2022-10-01",
      "regulatory_assets_under_management": 461182633.0,
      "total_employees": 16,
      "filing_date": "2022-09-09"
    },
    {
      "period": "2023-10-01",
      "regulatory_assets_under_management": 642123815.0,
      "total_employees": 16,
      "filing_date": "2023-07-31"
    },
    {
      "period": "2024-10-01",
      "regulatory_assets_under_management": 808470832.0,
      "total_employees": 17,
      "filing_date": "2024-09-30"
    },
    {
      "period": "2025-10-01",
      "regulatory_assets_under_management": 1016634723.0,
      "total_employees": 17,
      "filing_date": "2025-03-26"
    },
    {
      "period": "2026-10-01",
      "regulatory_assets_under_management": 1261450515.0,
      "total_employees": 13,
      "filing_date": "2026-07-02"
    }
  ],
  "recent_changes": [
    {
      "period": "2026-08-01",
      "period_label": "August 2026",
      "notes": [
        "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)."
      ]
    },
    {
      "period": "2026-04-01",
      "period_label": "April 2026",
      "notes": [
        "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)."
      ]
    },
    {
      "period": "2026-02-01",
      "period_label": "February 2026",
      "notes": [
        "No longer lists an office in Logan, UT.",
        "Updated its list of owners and control persons (Schedule A)."
      ]
    },
    {
      "period": "2025-12-01",
      "period_label": "December 2025",
      "notes": [
        "Employees performing advisory functions went from 11 to 12."
      ]
    }
  ],
  "fees_from_brochure": {
    "source": "Form ADV Part 2A brochure dated July 2, 2026",
    "provided_by_the_firm": false,
    "tiers": [],
    "flat_rate": null,
    "stated_range": null,
    "stated_maximum": null,
    "account_minimum": "$50,000",
    "account_minimum_may_be_waived": true,
    "minimum_annual_fee": null,
    "planning_fees": [],
    "figures": [
      {
        "label": "Account minimum",
        "statements": [
          "Account minimum: $50,000 (the brochure says it may be waived or negotiated)"
        ],
        "quotes": [
          "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."
        ]
      }
    ],
    "values": {
      "tiers": [],
      "range_pct": null,
      "max_pct": null,
      "account_minimum": 50000.0,
      "minimum_annual_fee": null,
      "planning": []
    },
    "quotes": [
      "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."
    ],
    "note": "As stated in the firm's brochure; fees can differ by service and may be negotiable."
  },
  "custodians": [
    {
      "name": "Charles Schwab & Co., Inc.",
      "name_as_filed": "CHARLES SCHWAB & CO., INC.",
      "affiliated": false
    }
  ],
  "custodians_note": "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.",
  "markdown_url": "https://advisorcensus.com/firm/andina-advisors-logan-ut-151762.md",
  "clients": [
    {
      "type": "individuals",
      "label": "Individuals (other than high net worth individuals)",
      "count": 409,
      "fewer_than_5": false,
      "raum": 139376971.0
    },
    {
      "type": "high_net_worth_individuals",
      "label": "High net worth individuals",
      "count": 223,
      "fewer_than_5": false,
      "raum": 831756670.0
    },
    {
      "type": "banking_thrift",
      "label": "Banking or thrift institutions",
      "count": 0,
      "fewer_than_5": false,
      "raum": 0.0
    },
    {
      "type": "investment_companies",
      "label": "Investment companies",
      "count": 0,
      "fewer_than_5": false,
      "raum": 0.0
    },
    {
      "type": "business_development_companies",
      "label": "Business development companies",
      "count": 0,
      "fewer_than_5": false,
      "raum": 0.0
    },
    {
      "type": "pooled_investment_vehicles",
      "label": "Pooled investment vehicles (other than investment companies and business development companies)",
      "count": 0,
      "fewer_than_5": false,
      "raum": 0.0
    },
    {
      "type": "pension_profit_sharing",
      "label": "Pension and profit sharing plans (but not the plan participants or government pension plans)",
      "count": 10,
      "fewer_than_5": false,
      "raum": 57193309.0
    },
    {
      "type": "charitable",
      "label": "Charitable organizations",
      "count": 0,
      "fewer_than_5": false,
      "raum": 0.0
    },
    {
      "type": "state_municipal",
      "label": "State or municipal government entities (including government pension plans)",
      "count": 0,
      "fewer_than_5": false,
      "raum": 0.0
    },
    {
      "type": "other_investment_advisers",
      "label": "Other investment advisers",
      "count": 0,
      "fewer_than_5": false,
      "raum": 0.0
    },
    {
      "type": "insurance_companies",
      "label": "Insurance companies",
      "count": 1,
      "fewer_than_5": true,
      "raum": 24441939.0
    },
    {
      "type": "sovereign_wealth_foreign_official",
      "label": "Sovereign wealth funds and foreign official institutions",
      "count": 0,
      "fewer_than_5": false,
      "raum": 0.0
    },
    {
      "type": "corporations_other_businesses",
      "label": "Corporations or other businesses not listed above",
      "count": 68,
      "fewer_than_5": false,
      "raum": 208681626.0
    },
    {
      "type": "other",
      "label": "Other",
      "count": 0,
      "fewer_than_5": false,
      "raum": 0.0
    }
  ],
  "disclosure_line": "Reports no disclosure items on Form ADV Item 11.",
  "disclosure_items": [],
  "indexable": true,
  "suppressed": false,
  "claimed": false,
  "enhanced": false,
  "provided_by_the_firm": null,
  "source": {
    "name": "Form ADV",
    "as_of": "2026-10-01",
    "iapd_url": "https://adviserinfo.sec.gov/firm/summary/151762",
    "operator": "BH Monitor Services, LLC",
    "license": "https://creativecommons.org/licenses/by/4.0/",
    "credit": "AdvisorCensus (advisorcensus.com), from SEC Form ADV data"
  }
}