Premia Global Advisors, LLC (Coral Gables)

Name: Premia Global Advisors, LLC
Address: 2600 South Douglas Road, Coral Gables, FL, 33134
Telephone: (786) 646-9140

Premia Global Advisors, LLC is a large advisory firm based in Coral Gables. It manages $218.21 million of regulatory assets for 64 client accounts. It has been registered with the SEC as an adviser since 2016 and has operated in the jurisdiction of Florida.

Premia Global Advisors provides financial planning services and portfolio management for individuals and small businesses. It prepares financial plans for more than 25 clients. On top of advisory services, the firm doesn't engage in other business activities.

Premia Global Advisors: assets under management

The assets under management (AUM) of Premia Global Advisors, LLC is $218.21 million. The firm's AUM has grown by 240% since the beginning of its operation, and $184.15 million of the total AUM is attributable to clients outside of the United States.

The firm manages $180.88 million in discretionary accounts and $37.33 million in non-discretionary accounts. On average, the discretionary accounts where all decisions are made on behalf of the client hold $3.55 million each. Non-discretionary accounts, where clients actively manage their portfolios, generally hold around $2.87 million.

Premia Global Advisors has custody of $8.79 million in cash and securities for 8 clients in total but doesn’t act as a qualified custodian.

Investments

The firm invests in investment and business development companies the most. They account for 49% of the total AUM. The second-largest asset type is exchange traded securities, which make up 33% of the firm’s portfolio. Investments in pooled investment vehicles form 8% of the total invested assets.

Fees & Commissions

The advisory firm has a single stream of revenue. Clients pay Premia Global Advisors, LLC for their services and products based on a percentage of assets under management. Compensation based on assets under management promotes a long-term relationship between a client and the adviser and helps align mutual interests. These fees don’t include brokerage commissions, interest, taxes, and other account expenses.

What kind of clients Premia Global Advisors serves?

The firm provides services to individuals and high net worth individuals. The largest group of clients of Premia Global Advisors is high net worth individuals with 48 clients and $151.79 million of assets under management. Among the 7 most similar advisory firms, Premia Global Advisors has the 3rd highest percentage of high net worth individuals out of all clients.

The amount of regulatory assets under management is $155.64 million for 61 clients that can include trusts, estates, and 401(k) plans and IRAs of individuals and their family members. 84% of the firm’s clients are foreign persons or businesses.

Premia Global Advisors doesn't advise any private funds.

Careers at Premia Global Advisors, LLC

The company employs 4 people that are either part- or full-time employees. 100 percent of the employees work as investment advisers or researchers. 2 employees are registered as investment adviser representatives with the state securities authorities.

There’s a single person with the role of looking for and bringing in new clients on behalf of the firm. The firm doesn’t compensate employees in addition to the salary for bringing in new clients. Employees don’t receive compensation from other entities for client referrals.

Direct owners and executive officers

Name	Entity	Date acquired	Ownership	Employer ID
Vivian Velazquez	Chief compliance officer	1 Jan 2016	Other	1300934
Miguel Sosa	Managing member and principal	1 Jan 2016	75% - 100%	1062639

Based in Coral Gables

The principal office where Premia Global Advisors, LLC performs its advisory services is located at 2600 South Douglas Road, Coral Gables, FL 33134, which is also the mailing address of the firm. It doesn’t run an office outside of the United States.

You can reach the main office by calling the phone number (786) 646-9140. The normal business hours are 9:00am to 5:00 pm on Monday - Friday. You can find more information about the New York firm at premiaglobaladvisors.com and its LinkedIn profile.