Andina Family Offices
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Overview
Andina Family Offices is an advisory firm located in Lehi, Utah. It administers $642.1 million in total assets throughout 1,676 client accounts, placing it among the larger financial advisory firms in the United States by assets under management (AUM). The company has a small group, including 13 financial advisors. Andina Family Offices does not act as a registered broker-dealer, meaning the firm is not able to buy and sell securities for its accounts and those of its clients and instead must go through a broker-dealer firm to do so. Securities are defined as exchangable financial assets such as bonds, stocks and options.
Andina Family Offices manages most of the company's accounts in a discretionary manner. Discretionary management means that buy and sell decisions for the client's account are made by a portfolio manager without requiring client approval. It also administers 553 non-discretionary accounts with a total of $357.2 million in AUM. The firm's average account size is $383,129. The typical financial advisor at Andina Family Offices manages around 129 client accounts.
The company's central office is at Thanksgiving Business Park, Lehi, Utah 84043. Andina Family Offices is legally permitted to serve investors throughout a number of states, including California, Texas and Utah.
Assets Under Management
Number of Advisors
Disclosures
Office Location
Andina Family Offices by the Numbers
$642.1 million
17
1,676
$383.1 thousand
Products and Services
Andina Family Offices offers a number of financial services, which can consist of financial planning services, portfolio management for individuals and small businesses, portfolio management for pooled investment vehicles and selection of other advisers. In the last financial year, it provided financial planning services to 101-250 of its clients. The firm does sell products or offer services other than investment advisory services to its clients.
Core Advisor Services
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Offered by 31% of firms
Financial Planning Services
This is the process of planning for your financial future, including for events such as retirement, your child's college education or estate succession.
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Offered by 46% of firms
Portfolio Management
This is the selection and management of an investment mix and portfolio strategy for individuals and small businesses.
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Market Timing Services
This is the practice of attempting to make short-term profits on investments by buying low and selling high.
Other Services
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Offered by 20% of firms
Selection of Other Advisors
This is the firm's assistance with choosing other advisors to work with who may have different specialties.
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Publication of Periodicals
This is the publication of various financial education materials.
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Educational Seminars/Workshops
This is the hosting of seminars or workshops to educate investors on financial concepts.
Fee Structure
Financial management fees depend on which service is offered. Fee types charged by the firm most likely include some combination of the following fee types: asset-based, hourly, fixed or performance-based. Andina Family Offices does not provide a wrap fee program, in which the firm offers a bundle of services for a comprehensive fee.
Available
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Offered by 69% of firms
Percentage of Assets
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Offered by 21% of firms
Hourly
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Offered by 26% of firms
Performance-based
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Offered by 32% of firms
Fixed
Unavailable
Types of Clients
Andina Family Offices does business with a broad range of investors. Andina Family Offices caters to retail investors, high net worth investors, pooled investment vehicles, pension plans, insurance companies and corporations. Out of its 1,676 clients, Andina Family Offices's biggest client group by number of accounts is retail investors, although it also caters to 99 high-net-worth individuals. The SEC defines a high-net-worth individual as someone who has at least $750,000 under management or a net worth of at least $1.50 million or who is deemed a "qualified purchaser" (a standard met by having at least $5 million in investments). None of its clients are represented by non-U.S. persons.
- High-Net-Worth Individuals* - 22.35%
- Other Individuals - 50.79%
- Corporations - 26.86%
- Charitable Organizations - 0%
* The U.S. Securities and Exchange Commission (SEC) defines a high-net-worth individual as someone who has at least $750,000 under management.
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Disclosures
Andina Family Offices does not have any disclosures.
Please visit its Form ADV for more details.
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Financial Advisors at Andina Family Offices
Vernal, UT
Lehi, UT
Lehi, UT
Providence, UT
Lehi, UT
Lehi, UT
Logan, UT
Lehi, UT
Lehi, UT
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