A. Firm Information
Premia is a Registered Investment Advisor founded in January 2016 and organized as a limited liability company
("LLC") under the laws of the State of Delaware. Premia is owned and operated by Miguel Sosa (Principal). Premia's
principal place of business is located in the State of Florida.
B. Advisory Services Offered
Premia offers discretionary and non-discretionary investment advisory services to retail and institutional clients
primarily in the United States, Latin America, and the Caribbean. Premia caters to high-net-worth individuals,
families, trusts, estates, foundations, charitable organizations, personal investment companies, personal holding
companies, corporations, pension funds, and other business or government or quasi-government entities (collectively
referred to as "Client(s)").
Premia provides comprehensive advisory solutions for its Clients. This is achieved through continuous personal Client
contact and interaction while providing investment management and related wealth advisory services. Premia works
closely with each Client to identify the Client's investment goals and objectives and their unique financial situation to
create a portfolio strategy and support the Client's overall financial needs. We are held to a fiduciary standard
that covers the entire investment advisory relationship with you. For example, we are required to monitor your
portfolio, investment strategy and investments on an ongoing basis. We are required to identify and eliminate
conflicts of interest or tell you about them in a way you can understand, so that you can decide whether to agree to
them.
Premia constructs customized investment portfolios, primarily consisting of equity, fixed income securities, mutual
funds, exchange traded funds, (ETFs) and alternative investment products such as hedge funds, structured products,
limited partnerships, or private placements of securities. Premia may also employ currency hedges, cash positions
and other risk management strategies. Premia may also utilize other types of investments, as appropriate, to meet
the needs of each Client.
Clients in Premia's Separately Managed Account (SMA) program are provided access to an actively managed
investment portfolio that may be managed by independent asset managers. Unlike a mutual fund, where the funds
are commingled, an SMA consists of a portfolio of individually owned securities that can be tailored to fit the Client's
investing preferences.
Premia's investment strategy is primarily long-term focused, but Premia may buy, sell, or re-allocate positions that
have been held less than one year to meet the objectives of the Client or due to market conditions. Premia will
construct, implement, and monitor the Client's portfolio to ensure it meets the goals, objectives, circumstances, and
risk tolerance agreed to by the Client. Clients will have the opportunity to place reasonable restrictions on the types
of investments to be held in their respective portfolio, subject to Premia's acceptance.
Premia evaluates and selects investments for inclusion in Client portfolios only after applying its internal due diligence
process. Premia may recommend redistributing investment allocations to diversify the portfolio. Premia may
recommend specific positions to increase sector or asset class weightings. Premia may recommend employing cash
positions as a possible hedge against market movement. Premia may recommend selling positions for reasons that
include, but are not limited to, harvesting capital gains or losses, business or sector risk exposure to a specific security
or class of securities, overvaluation or over weighting of the position[s] in the portfolio, change in the Client's risk
tolerance, generating cash to meet Client needs, or any risk deemed unacceptable for the Client's risk tolerance.
Our non-discretionary advisory services are tailored to the Client’s needs. We will gather information regarding the
Client’s financial situation, risk tolerance and investment objectives and make recommendations regarding the
appropriate investment strategy, for the Client. We will also monitor the performance of the account to ensure the
performance and investment strategy remains aligned with the Client’s stated investment goals and objectives. Non-
discretionary account Client must approve or disapprove each of our recommendations.
C. Selection of Other Advisors
Premia may offer Clients the portfolio management services of selected unaffiliated or third-party managers or
subadvisors. The specific terms and conditions under which a Client engages a third-party manager or sub advisor
will generally be set forth in a separate written agreement with the designated third-party manager or sub advisor.
In addition to this Brochure, Clients will also receive the written disclosure documents of the respective third-party
manager(s) or sub advisor(s) engaged to manage their assets. In most cases, Premia relies on Dynasty Financial
Partners, LLC’s due diligence to screen third-party manager or sub advisors (see discussion below). Premia
also independently evaluates a variety of information about third-party managers or subadvisors, which may include
but not limited to the third-party manager or sub advisor’s public disclosure documents, materials supplied by the
third-party managers or subadvisors and other analyses prepared by third parties deemed to be reliable. To the
extent possible, Premia seeks to assess the third-party manager or subadvisor’s investment strategies, past
performance, and risk results in relation to its Clients’ individual portfolio allocations and risk exposure. Premia also
takes into consideration each third-party manager or subadvisor’s management style, returns, reputation, financial
strength, reporting, pricing, and research capabilities, among other factors. Premia may at any time, at its discretion
add or remove managers or sub advisers.
On an ongoing basis, Premia monitors the performance of accounts being managed by third-party managers or
subadvisors. Premia seeks to ensure that the third-party manager or sub advisor’s strategies and target allocations
remain aligned with its Clients’ investment objectives and overall best interests. As noted, Premia provides
discretionary and
non-discretionary investment advisory services and portfolio management services and does
not offer securities custodial or other administrative services. At no time will Premia accept or maintain custody of a
Client's funds or securities, except for authorized deduction of advisory fees. All Client assets will be managed within
the designated custodial account, pursuant to the Client's Investment Advisory Agreement.
D. Dynasty Financial Partners, LLC (“Dynasty”)
Premia has entered into a contractual relationship with Dynasty that provides Premia with operational and back-
office support including access to a network of service providers. Through the Dynasty network of service providers,
Premia may receive preferred pricing on trading technology, reporting, custody, brokerage, compliance, and other
related services. Dynasty charges a “Platform Fee,” which, unless otherwise disclosed, is included in Premia’s annual
investment management fee described in Item 5 below. In addition, Dynasty’s subsidiary, Dynasty Wealth
Management, LLC (“DWM”) is an SEC registered investment advisor that provides Premia with access to a range of
investment services including: SMAs, mutual fund and ETF asset allocation strategies, and unified managed accounts
(“UMA”) managed by external third-party managers (collectively, the “Investment Programs” and individually, a
"Program"). Premia will, as deemed appropriate, recommend the Programs or a Program to its Clients.). Under the
SMA and UMA programs, Premia will maintain the ability to select the specific, underlying third-party managers
that will, in turn, have day-to-day discretionary trading authority over the requisite client assets. In addition, Dynasty
Select is a platform offering network advisors access to private equity funds, hedge funds, and direct investments.
This platform also provides processing and administrative solutions for advisors working with their own alternative
managers.
DWM sponsors a turnkey asset management program ("TAMP") program that is available to advisors in the Dynasty
Network, such as Premia. Through the TAMP platform, DWM and Dynasty collectively provide certain technology,
administrative, operations and advisory support services that allow advisors to manage their own portfolios and
access independent third-party managers that provide discretionary services in the form of traditional managed
accounts and investment models. Premia can allocate all or a portion of client assets among the different independent
third-party managers via the TAMP platform. Advisors may also use the model management feature of the TAMP
by creating their own asset allocation model and underlying investments that comprise the model. Through the model
management feature, advisors may be able to outsource the implementation of trade orders and periodic
rebalancing of the model when needed.
Premia will maintain the direct contractual relationship with each client and obtain, through such agreements, the
authority to engage independent third-party managers, DWM and/or Dynasty, as applicable, for services rendered
through the TAMP platform in service of such client. Premia may delegate discretionary trading authority to DWM
and/or independent third-party managers to effect investment and reinvestment of client assets with the ability to
buy, sell or otherwise effect investment transactions and allocate client assets.
E. Client Account Management
Prior to engaging Premia to provide investment advisory services, Clients are required to enter into an Investment
Advisory Agreement that defines the terms, conditions, authority and responsibilities of Premia and the Client.
These services may include:
• Asset Allocation - Premia may develop a strategic asset allocation that is targeted to meet the investment
objectives, time horizon, financial situation, and risk tolerance for each Client.
• Portfolio Construction - Premia may develop a portfolio that is intended to meet the Client's stated goals
and objectives.
• Investment Management and Supervision - Premia will provide investment management and ongoing
oversight of the Client's portfolio and overall account.
• Establishing an Investment Policy Statement -When appropriate or requested by the Client, Premia may
develop an Investment Policy Statement, in conjunction with the Client, that summarizes the Client's investment
goals and objectives.
As stated above, Premia will honor any reasonable restrictions on investing in certain securities or types of securities
imposed by the Client. The request must be made in writing.
F. Individual Retirement Account ("IRA") Rollover Recommendations (for U.S. clients only)
Effective December 2, 2021 (or such later date as the US Department of Labor (“DOL”) Field Assistance Bulletin
2018-02 ceases to be in effect), for purposes of complying with the DOL’s Prohibited Transaction Exemption 2020-
02 (“PTE 2020-02”) where applicable, we are providing the following acknowledgment to you.
When we provide investment advice to you regarding your retirement plan account or individual retirement account,
we are fiduciaries within the meaning of Title I of the Employee Retirement Income Security Act and/or the Internal
Revenue Code, as applicable, which are laws governing retirement accounts. The way we make money creates some
conflicts with your interests, so we operate under a special rule that requires us to act in your best interest and not
put our interest ahead of yours. Under this special rule’s provisions, we must:
• Meet a professional standard of care when making investment recommendations (give prudent advice);
• Never put our financial interests ahead of yours when making recommendations (give loyal advice);
• Avoid misleading statements about conflicts of interest, fees, and investments;
• Follow policies and procedures designed to ensure that we give advice that is in your best interest;
• Charge no more than is reasonable for our services; and
• Give you basic information about conflicts of interest.
G. Assets Under Management
As of December 31, 2023, Premia provided continuous management service for $ 260,852,564
in regulatory assets under management of which $238,859,875 is managed on a discretionary basis,
and $21,992,689 in Client assets is managed on a non-discretionary basis.