And in these days of working from home, Florida’s low taxes, year-round warm weather and emerald golf links are already luring some bankers and money managers down from New York. Several prominent Wall Street companies are considering moving some business there, or are relocating outright. While the state has long been popular among tourists and retirees, it’s recently seen an influx of high earners from the financial industry. We do think more individuals will chose to live in Florida.” “There is a pandemic-driven element - just as there are increased opportunities and acceptance of remote work. “The economy is broad-based and attracting a lot of talent to the state that is in its prime earning years,” Sieg said. Bank of America Private Bank added 123 households last year, a 60% jump from 2017. The move reflects a broader expansion: Merrill added more than 9,300 new clients in Florida over the past four years, accounting for about 10% of net new household growth nationwide. The firm has 20 teams that cater to ultra-high-net-worth individuals there, and plans to double that over the next few years, to serve investors with more than $10 million to invest. (Palm Beach County): On March 17, 2021, County Administrator Verdenia Baker issued Emergency Order 2021-003, which extends Emergency Order 2020-012 (requiring. Merrill Lynch Wealth Management President Andy Sieg said the unit is intensifying its focus on the Sunshine State. Choose a location below to see the Auto Data Direct products and services available by state.
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