Boston Private Expands Miami Office to Accommodate Growth
February 25 2021 - 9:00AM
Business Wire
Boston Private Financial Holdings, Inc. (NASDAQ: BPFH) (“Boston
Private”), a leading provider of integrated wealth management,
trust, and banking services, today announced the expansion of its
Miami, FL office, more than doubling the size of the firm’s space
in the Four Seasons Hotel Office Tower just one year after opening
the office.
Boston Private announced the opening of its office in Miami’s
Brickell neighborhood in January of 2020. The firm is now expanding
its physical space to accommodate growth. The office provides
access to Boston Private’s holistic wealth management solutions for
high-net-worth individuals and family offices, as well as
endowments and foundations. It also acts as a regional base for
serving the firm’s U.S. Southeast and Latin American clients. The
firm 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. “We are excited to continue
to serve the growing community of entrepreneurs and professionals
who call Miami home.”
Long an important wealth market in the United States, Miami has
seen an influx of businesses and wealthy individuals relocating to
the area in the last few years – a trend that seems to have been
accelerated by the COVID-19 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. “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 has had a presence in South Florida since 2014,
when it established its Palm Beach Gardens location. The firm also
serves clients with offices in Boston, New York, San Francisco and
Los Angeles.
About Boston Private Boston Private is a leading provider
of integrated wealth management, trust and banking services to
high-net-worth individuals, families, businesses and
nonprofits.
For more than 30 years, Boston Private has delivered
comprehensive advice coupled with deep technical expertise to help
clients simplify their lives and achieve their goals. The firm
offers the capabilities of a large institution with the superior
service of a boutique firm to clients across the United States.
Boston Private is the corporate brand of Boston Private
Financial Holdings, Inc. (NASDAQ: BPFH). For more information,
visit www.bostonprivate.com.
Private banking and trust services are provided
through Boston Private Bank & Trust Company, a Massachusetts
chartered trust company. Wealth management services are provided
through Boston Private Wealth LLC, an SEC registered investment
adviser and a wholly-owned subsidiary of Boston Private Bank &
Trust Company. Some Boston Private offices do not offer all
services.
Investments are Not FDIC Insured, Not
Guaranteed and May Lose Value.
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version on businesswire.com: https://www.businesswire.com/news/home/20210225005178/en/
MEDIA CONTACT: Lucy Muscarella 617-912-4402
lmuscarella@bostonprivate.com
INVESTOR CONTACT: Adam Bromley 617-912-4386
abromley@bostonprivate.com
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