Lehi UT Financial Planning & Investment Management Company Merger Announced

A merger of Core Capital Wealth Management and Andina Family Offices has been announced. The new entity, Andina Advisors (801-653-0564) proposes to serve a broader spectrum of high-net-worth American families and individuals in the area of financial planning and the setup of family offices.

Lehi,United States - December 23, 2022 /PressCable/ —

The new company, the result of a merger between Core Capital Wealth Management (CCWM) and Andina Family Offices (AFO), was formed to present a cohesive financial planning and investment management service to its client base of business owners and high net-worth families and individuals.

More information can be found at https://andinaadvisors.com/

The newly merged corporation, Andina Advisors, combines AFO’s expertise in private investment solutions with CCWM’s fluency in the mass affluent marketplace of traditional stock-market-based financial planning. The new firm seeks to introduce sophisticated investment instruments and solutions – typically accessible only to wealthier families – to a larger client base. This model will allow more people to manage their wealth like institutional investors and enjoy access to private real estate and equity deals at a much lower barrier to entry.

The sharp spike in the number of wealthy families in recent years has triggered rapid expansion in the multifamily office industry. Almost 175,000 US households have net worths of at least $25 million, double the number fifteen years ago. There are nearly 22,000,000 millionaires in the United States, according to a 2021 Global Wealth Report by Credit Suisse – many of whom were beneficiaries of the stock market and housing boom between 2020 and 2021. During this period, the most affluent category of extremely high net-worth individuals rose by 24%.

The wealthiest American families are increasingly turning to consultants to assist them to manage turbulent market circumstances and an uncertain economy. Andina Advisors, with half a billion under asset management and an advisor-to-client ratio of 1:25 is well poised to operate as full-service financial consultants for families in need of investment management, income tax reduction strategies, and estate planning.

Moreover, the newly formed company brings together an integrated team, so that all aspects of a family’s financial structure and wealth strategy are aligned under one roof – instead of working with various big banks, legal offices, and accounting firms. By building a bridge between the goals of family offices – which help to expand and preserve wealth for future generations – and more traditional financial advisors, Andina Advisors is in a position to help a broader swathe of the population address their long-term financial security.

According to the team at Andina Advisors, establishing a family office typically requires a net worth of at least $100 million, while a higher net worth of at least $250 million is optimal. Setting up a multi-family office has a lower threshold, requiring families to have a net worth of at least $30 million.

About Andina Advisors

Andina Advisors was founded by Eric Barlow & J. Brett Belliston and provides planning and investment advisory services to clients across the United States. The firm is registered with the SEC and offers estate planning, retirement strategies, cash flow management, asset protection, risk management, and other related services.

According to a spokesperson for the firm, “When our clients entrust us to partner with them in planning their future, they enjoy the Andina Advantage. We offer more than 100 years of combined experience in business planning, estate planning, risk management, and investment management. We provide a full range of investment options.”

Interested parties can learn more at https://awmcap.com/blog/what-is-a-family-office#:~:text=If%20your%20net%20worth%20is,of%20at%20least%20%2430%20million

Contact Info:
Name: Eric Barlow
Email: Send Email
Organization: Andina Advisors
Address: 2600 Executive Parkway , Lehi, UT 84043, United States
Phone: +1-801-653-0564
Website: https://andinaadvisors.com/

Source: PressCable

Release ID: 89087034

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