Downtown efforts pay off in recruiting financial firms
Written by Catherine Lackner on December 17, 2019
Members of Miami’s Downtown Development Authority embarked on a quest to make Miami “the Wall Street of the South” five years ago, and it has paid off handsomely, an authority release said.
Since the Finance Sector Initiative started in 2014, the number of investment advisors here who are registered with the Securities and Exchange Commission has risen 95%, according to the national analytics firm Convergence, and the number of total assets under management has increased some 61%. Miami is home to more than 100 investment firms and 60 international banks, the released said.
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