Curtis L. Spears

Services and Approach Overview

Andes Capital Group provides brokerage services to individual investors. In plain terms, the firm and its representatives can: - Help you buy and sell a limited set of securities and make non‑proprietary investment recommendations. - Provide advice at the time of a trade, but they do not manage accounts on a discretionary basis and do not monitor accounts on an ongoing basis. You make the final decision on each transaction. - There are no firm-wide account minimums, though individual advisors may require one. How the firm and advisor are paid - Transaction-based commissions: you pay a fee each time you buy or sell a security; more trades mean more fees. - Product operating expenses: some investments (e.g., mutual funds) carry ongoing internal expenses that come out of the fund and reduce your return. - Custodial and account maintenance fees: periodic service fees charged at least annually; sometimes waived. - Ongoing “trail” payments: some product sponsors pay the firm a small annual percentage of assets invested in their product. - Third‑party and revenue‑sharing payments (including selling‑group compensation): the firm may receive payments from outside product sponsors. - Advisor pay mix: individual advisors are paid as a percentage of the revenue they generate from product sales, creating incentives tied to product selection. Conflicts of interest (what to watch for) - Because compensation often rises with trading, product fees, or trailing payments, advisors may have incentives to recommend more trading or products that pay higher fees or ongoing payments. Ask how these potential conflicts are managed.