A Boston-based provider of integrated wealth management, trust and banking services is looking to the Magic City for growth.
This week, Boston Private Financial Holdings announced it will expand its offices in Miami as it doubles in size. The company announced the opening of its Brickell offices at Four Seasons Hotel Office Tower in January 2020. Now, Boston Private will expand its space in the building, which it says “acts as a regional base for serving the firm’s U.S. Southeast and Latin American clients.” To accommodate the growth, Boston Private has “hired several advisors and administrative staff to serve the region, with plans to hire more.”
“In what has been an atypical year, we are proud of the growth we have been able to achieve in Miami, continuing to hire, acquire new clients, and deliver exceptional advice and service throughout the pandemic,” said Paul Simons, President of Private Banking, Wealth & Trust for Boston Private in a release. “We are excited to continue to serve the growing community of entrepreneurs and professionals who call Miami home.”
The company notes that many businesses have relocated to Miami during the pandemic.
“The experience of the last year has caused people and businesses to re-evaluate where they want to be, and Miami has emerged as a highly desirable location,” said Patrick Dwyer, Head of Strategic Business Development and lead advisor in the Miami office (pictured above). “This office expansion supports our ability to capture the enormous growth opportunity in Miami and deliver our expertise to more individuals and families putting down roots in Florida.”
Boston Private also has locations in New York, San Francisco, Los Angeles and Palm Beach Gardens.