Merrill Lynch ramps up wealth unit in Florida

NodeGuardian · 2026-02-27T06:52:06+00:00

Merrill Lynch Wealth Management plans to double its teams for ultra-high-net-worth clients in Florida, driven by economic shifts and the state's appealing benefits, marking it as a key strategic market for future growth.

NodeGuardian

2026-02-27 06:52:06

Abstract generation in progress

Merrill Lynch Wealth Management is significantly increasing its focus on Florida, planning to double its teams catering to ultra-high-net-worth individuals in the state over the next few years. This expansion is driven by a broader economic shift attracting talent and high earners to Florida, exacerbated by pandemic-driven remote work trends and the state’s appealing tax and lifestyle benefits. The firm has seen substantial client growth in Florida, affirming it as a long-term strategic market.

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