DoubleLine Capital, the $134 billion asset manager, moved to Florida, continuing a trend of the state continuing to establish itself as a top choice for U.S. companies to set up shop.
The company led by billionaire Jeffrey Gundlach, moved its headquarters from Southern California to Tampa as of last month, according to Finra records.
The move adds to those of Dynasty Financial Partners and ARK Investment Management.
Elsewhere in the wealth management business, German firm Deutsche Bank announced its expansion in the southeastern U.S. with the promotion of Charlie Burrows.
Working from home, the increase in technology for remote meetings and the tax facilities available to industry representatives make the Sunshine State very attractive.
As a result, Miami has been named the new Wall Street of the South for months.
Miami’s strength as a financial center, a leader in sustainability and a thriving creative hub are huge assets, and “Friday’s discussions suggest the city is working hard to capitalize on them”, reflected those present at Bloomberg’s “The New Miami” forum held in December of last year.
For Marcelo Soba