Andina Capital Management provides financial planning, portfolio management for individuals and small businesses, portfolio management for pooled vehicles, and selecting other managers. Financial planning was provided to 251–500 clients last fiscal year.
Andina Capital Management reports 711 clients. They include 409 individual clients, 223 high-net-worth individuals, and 68 corporations and other businesses. Of its assets, 49.8% ($629M across 3,011 accounts) are managed with discretion; $633M across 1,251 accounts are not. It advised 4 clients without assets under management last fiscal year.
| Client type | Clients | Assets |
|---|---|---|
| Individuals (other than HNW) | 58% | 11% |
| High-net-worth individuals | 31% | 66% |
| Pension and profit-sharing plans | 1% | 5% |
| Insurance companies | <1% | 2% |
| Corporations and other businesses | 10% | 17% |
Client breakdown and activity details
| Client type | Clients | Regulatory AUM | AUM share | Avg. per client |
|---|---|---|---|---|
| Individuals (other than HNW) | 409 | $139M | 11.0% | $341K |
| High-net-worth individuals | 223 | $832M | 65.9% | $3.73M |
| Pension and profit-sharing plans | 10 | $57.2M | 4.5% | $5.72M |
| Insurance companies | Fewer than 5 | $24.4M | 1.9% | $24.4M |
| Corporations and other businesses | 68 | $209M | 16.5% | $3.07M |
| Total | 711 | $1.26B | 100% | — |
- Clients
- 409
- Regulatory AUM
- $139M
- AUM share
- 11.0%
- Avg. per client
- $341K
- Clients
- 223
- Regulatory AUM
- $832M
- AUM share
- 65.9%
- Avg. per client
- $3.73M
- Clients
- 10
- Regulatory AUM
- $57.2M
- AUM share
- 4.5%
- Avg. per client
- $5.72M
- Clients
- Fewer than 5
- Regulatory AUM
- $24.4M
- AUM share
- 1.9%
- Avg. per client
- $24.4M
- Clients
- 68
- Regulatory AUM
- $209M
- AUM share
- 16.5%
- Avg. per client
- $3.07M
Total
- Clients
- 711
- Regulatory AUM
- $1.26B
- AUM share
- 100%
- Avg. per client
- —
- Clients outside the U.S.
- 0%
- Clients advised without assets under management last fiscal year
- 4
- Private funds advised
- 0
- Financial planning clients last fiscal year
- 251–500
Andina Capital Management charges up to 2.00% a year for its Advisory Services Fees. The fee is billed in advance and is negotiable. The brochure also prices 2 other services, listed under fee details.
Fee details and sources
Other fees
- Consolidated Reporting
- Consolidated reporting of accounts held outside Andina management is charged 0.15% annually, in advance, on those accounts' market value.
- Financial Planning
- Financial planning is a one-time flat fee starting at $500; specific individual planning services have a $1,000 minimum fee.
Tdwellington, LLC owns 25% to 50% of Andina Capital Management and is in turn owned by Tanner Dance (75% or more). The leadership team of Andina Capital Management includes Chief Compliance Officer Courtney Valdez. It has 13 employees, 6 of them in advisory roles.
Leadership
- Courtney ValdezChief Compliance Officer
- Eric BarlowFounder
- Ryan BohmManaging Partner, CEO
- Tanner DanceManaging Partner, CIO
Investment adviser representatives
10 representatives listed in the SEC register as of 9 October 2026.
- Anthony Jase Allen
- Eric Stephan Barlow
- Ryan Mathew Bohm
- Tanner Tessmer Dance
- Ginger DeHart Harris
- Dan Eugene Jessop
- Quinn Kay Longhurst
- Casey Mark Monsen
- John Stephen Pennington
- Austin Michael Scott
Staff
- 13 employees
- 6 in advisory functions
- 6 state-registered reps
- 3 insurance agents
- 2 soliciting firms
- Owns 25% to 50% of Andina Capital Management, LLC
Tdwellington, LLC
Control person · since April 2022
- Owns 75% or more of Tdwellington, LLC
Tanner Dance
Control person · since April 2022
- Owns 25% to 50% of Andina Capital Management, LLC
RMB Ventures LLC
Control person · since April 2022
- Owns 75% or more of RMB Ventures LLC
Ryan Bohm
Control person · since April 2022
- Owns 25% to 50% of Andina Capital Management, LLC
Cottonwood Investment Management, LLC
Control person · since June 2025
- Owns 75% or more of Cottonwood Investment Management, LLC
Eric Barlow
Control person · since June 2026
- Owns 25% to 50% of Andina Capital Management, LLC
Cottonwood Investment
Control person · since June 2025
Andina Capital Management’s regulatory assets grew 4.9× from $258M (July 2021) to $1.26B (July 2026); clients rose from 144 to 711 and employees from 8 to 13.
Figures from each annual filing
| Filed | Regulatory AUM | Clients | Employees | Offices |
|---|---|---|---|---|
| July 2026 | $1.26B | 711 | 13 | 3 |
| March 2025 | $1.02B | 582 | 17 | 3 |
| July 2024 | $808M | 471 | 17 | 3 |
| July 2023 | $642M | 443 | 16 | 3 |
| July 2022 | $461M | 663 | 17 | 3 |
| July 2021 | $258M | 144 | 8 | 3 |
Besides its headquarters, Andina Capital Management has 2 offices (1 private residence, listed without an address), with 2 listed addresses in Utah.
Utah · 2 listed addresses
- 1300 N 200 E, Suite 112, LoganHQ
- 344 W 13800 S, Draper
Other business names
Andina Capital Management has reported 2 other business names to the SEC.
- Andina Advisors
- Andina Family Offices
Contact and registration details
- Legal name
- Andina Capital Management, LLC
- Headquarters
- 1300 N 200 E, Suite 112, Logan, UT 84341
- Website
- andinaadvisors.com
- Phone
- 435-250-3700
- @andina-advisors
- SEC file
- 801-80633
- Structure
- Utah LLC
- Fiscal year end
- December
Andina Capital Management uses Charles Schwab ($619M) as custodian for its separately managed accounts. Andina Capital Management has custody of $459M in client assets for 533 clients.
- Charles SchwabCharles Schwab & Co., Inc. · Westlake, TX · $619M100%
At year end, Andina Capital Management’s separately managed accounts were mostly in funds (73%) and bonds (13%). Its reported 13F holdings for the quarter ended 30 June 2026 total $62M across 70 positions; the largest are First TR Exchng Traded FD VI (10.2%), iShares TR (10.0%) and Wisdomtree TR (7.9%).
What the accounts hold
- Stocks6%
- Funds73%
- Pooled vehicles48%
- Registered funds25%
- Bonds13%
- Investment grade corporate bonds9%
- U.S. government and agency bonds3%
- State and local bonds1%
- Cash3%
- Other5%
- Hard assets, loans, 401k5%
Reported 13F holdings
- $62M
- Reported 13F value
- 70
- Positions
- 54.0%
- In the 10 largest
- −45.2%
- Value vs. prior quarter
- First TR Exchng Traded FD VI · FT Ladd Buff ETF10.2%
- iShares TR · 0-3 Mth Treasury10.0%
- Wisdomtree TR · Floatng Rat Trea7.9%
- Pgim ETF TR · Aaa Clo ETF5.2%
- Vanguard Tax-managed Fds · Van FTSE Dev Mkt4.5%
- Vanguard Intl Equity Index F · FTSE Emr Mkt ETF3.8%
- Janus Detroit Str TR · Hendrson Aaa CL3.7%
- Innovator ETFS Trust · US Equity Accele3.2%
- Vanguard Scottsdale Fds · Vng Rus1000grw2.9%
- iShares TR · Rusel 2500 ETF2.7%
Together, the ten largest are 54.0% of reported value.
How many clients does Andina Capital Management have?
Andina Capital Management has 711 clients and manages $1.26 billion for them, as of July 2026. They include 409 individual clients, 223 high-net-worth individuals, and 68 corporations and other businesses.
Source: Form ADV Part 1A, Items 5.D and 5.F, filed 2 July 2026
What services does Andina Capital Management offer?
Andina Capital Management provides financial planning, portfolio management for individuals and small businesses, portfolio management for pooled vehicles, and selecting other managers.
Source: Form ADV Part 1A, Item 5.G, from the SEC's 2 October 2026 data file
How much does Andina Capital Management charge?
Andina Capital Management charges up to 2.00% a year for its Advisory Services Fees. The fee is billed in advance and is negotiable.
Source: ANDINA FORM ADV PART 2A DISCLOSURE BROCHURE JULY 2026, filed 2 July 2026
Which custodians does Andina Capital Management use?
Andina Capital Management’s separately managed account assets are held at Charles Schwab & Co., Inc. (Westlake, TX), with $619M. Only custodians holding at least a tenth of those assets are named.
Source: Form ADV Part 1A, Schedule D, Section 5.K.(3), filed 2 July 2026
How many financial advisors does Andina Capital Management have?
Andina Capital Management has 6 investment adviser representatives registered with state securities authorities, out of 13 employees, and 6 perform investment advisory functions. 0 employees are registered representatives of a broker-dealer and 3 employees are licensed insurance agents.
Source: Form ADV Part 1A, Items 5.A and 5.B, from the SEC's 2 October 2026 data file
What does Andina Capital Management invest in?
At the end of its last fiscal year, Andina Capital Management’s separately managed accounts held 48% pooled vehicles (private funds and similar), 25% registered funds (mutual funds, ETFs, BDCs), 9% investment grade corporate bonds, 6% exchange-traded equities, 5% other, 3% U.S. government and agency bonds, 3% cash and equivalents and 1% state and local bonds. The 5% other category is described as: Hard Assets, Loans, 401k.
Source: Form ADV Part 1A, Items 5.K.(1) and 7.B, from the SEC's 2 October 2026 data file
Who owns Andina Capital Management?
Andina Capital Management is owned through holding companies by Ryan Bohm, Tanner Dance and Eric Barlow. Its direct owners are Tdwellington, LLC, RMB Ventures LLC, Cottonwood Investment Management, LLC and Cottonwood Investment, each holding 50% or less.
Source: Form ADV Part 1A, Schedules A and B, filed 2 July 2026
How does Andina Capital Management get paid?
Andina Capital Management is paid through a percentage of assets under management, hourly charges and fixed fees. Its Form ADV lists no commissions or performance-based fees among how it is paid.
Source: Form ADV Part 1A, Item 5.E, from the SEC's 2 October 2026 data file
Is Andina Capital Management registered with the SEC?
Yes, Andina Capital Management has been registered with the SEC as an investment adviser since 5 December 2014. Its CRD number is 151762 and its SEC file number is 801-80633.
Source: Form ADV Part 1A, Item 1, filed 2 July 2026; IAPD firm record
How do I contact Andina Capital Management?
Andina Capital Management’s main office is at 1300 N 200 E, Suite 112, Logan, UT 84341. Its phone number is 435-250-3700. Its website is andinaadvisors.com.