Quick Answer
Major financial firms in downtown West Palm Beach include:
- Affiliated Managers Group (AMG), a publicly traded asset manager headquartered on South Flagler Drive
- Elliott Management, which moved its headquarters to Palm Beach County
- Wells Fargo, which moved its wealth management headquarters to One Flagler in 2026
- Goldman Sachs, Point72, JPMorgan Chase and BlackRock, all tenants at 360 Rosemary
Together they anchor what local leaders call “Wall Street South.”
How West Palm Beach Became “Wall Street South”
Starting in 2020, hedge funds, private equity firms and banks began moving people and offices from New York and Connecticut to Palm Beach County. The draws were Florida’s lack of state income tax, the wealth concentrated on nearby Palm Beach island, and a new supply of trophy office space downtown.
Related Companies, now operating there as Related Ross, drove much of the shift. Billionaire Stephen Ross has made West Palm Beach a personal project, aiming to make the city the “Wall Street of the South.” Related is the largest commercial landowner in downtown West Palm Beach.
The Flagler Financial District
Related describes One Flagler as an anchor of both the Okeechobee Business District and the Flagler Financial District. Its Class A portfolio downtown includes:
- 360 Rosemary, at Rosemary Square
- One Flagler, on the Intracoastal Waterway
- Phillips Point
- CityPlace Tower
- Esperanté Corporate Center
West Palm Beach Financial Firms at a Glance
| Firm | Building | Local Role | Disclosed Size |
|---|---|---|---|
| Affiliated Managers Group | 777 S. Flagler Dr. | Corporate headquarters | Not disclosed |
| Elliott Management | 360 Rosemary | Headquarters (moved from NYC) | Not disclosed |
| Wells Fargo | One Flagler | Wealth management HQ | ~50,000 sq ft |
| Goldman Sachs | 360 Rosemary | Office | Not disclosed |
| Point72 | 360 Rosemary | Office (opened 2021) | Room for 20+ staff at opening |
| JPMorgan Chase | 360 Rosemary | Office | Not disclosed |
| BlackRock | 360 Rosemary | Office | Not disclosed |
| Morgan Stanley | Phillips Point | Office | Not disclosed |
| Siris Capital | One Flagler | Private equity office | ~7,000 sq ft |
Affiliated Managers Group (AMG)
Where is AMG headquartered?
AMG’s principal executive offices are at 777 South Flagler Drive in West Palm Beach. The company has listed this address in its SEC filings since at least its 2014 annual report.
What does AMG do?
AMG is a strategic partner to independent investment firms worldwide. It invests in partner-owned firms and puts its resources into areas of high growth and return. Its affiliates provide investment management to mutual funds, institutions, retail clients and high-net-worth individuals.
Key facts
- Founded: 1993
- Listed: New York Stock Exchange (ticker: AMG)
- Other offices: Prides Crossing (Massachusetts), Stamford, London, Dubai, Sydney, Hong Kong, Tokyo and Zurich
AMG is one of the few publicly traded financial companies that runs its corporate headquarters from downtown West Palm Beach, not just a satellite office.
Goldman Sachs
What is Goldman Sachs’ presence in West Palm Beach?
Goldman Sachs leases space at 360 Rosemary, Related’s 20-story tower completed in 2021. Goldman was among the high-profile new tenants that signed at the 305,838-square-foot building at the height of the pandemic exodus from New York. The building filled up completely, and Related converted the top floor of the parking garage into extra offices.
Why did Goldman come?
In late 2020, Goldman leaders were reportedly exploring a move of the firm’s asset management division to an area north of Miami, looking at places such as Palm Beach County and Fort Lauderdale. Goldman said at the time it was locating more jobs in high-value U.S. locations. It hasn’t publicly disclosed the size of its West Palm Beach lease.
Point72 Asset Management
When did Point72 open in West Palm Beach?
Steve Cohen’s Point72 announced in January 2021 that it would open an office at 360 Rosemary, starting in temporary space downtown. The office opened in mid-2021 with room for at least 20 people.
How significant is the office?
Point72 opened the office to accommodate current and prospective employees who wanted to move south. It kept its Stamford headquarters and its Hudson Yards offices in New York, and opened a separate Miami office in Brickell.
Elliott Management
Elliott, one of the world’s largest hedge funds, was reported in October 2020 to be moving its headquarters from New York to Palm Beach County. It became a marquee tenant at 360 Rosemary. Elliott’s move is widely seen as the starting point of West Palm Beach’s financial migration.
Wells Fargo: The 2026 Landmark Move
In January 2026, Wells Fargo announced it would move the headquarters of its wealth management business to West Palm Beach. It became the first big bank to run that operation from South Florida.
- Space: About 50,000 square feet at One Flagler
- Staff: About 100 employees, including senior executives, relocating by the end of 2026
- Scale: The division generated $16 billion in revenue in 2025, about a fifth of Wells Fargo’s total
Analysts called it one of the biggest deals by a new-to-market tenant, since most firms had opened only satellite offices.
One Flagler: The District’s New Trophy Tower
One Flagler is a 25-story, roughly 270,000-square-foot tower at 180 Lakeview Avenue, facing Flagler Drive and the Intracoastal Waterway. It was designed by the late architect David Childs and completed in 2025.
Financial tenants include:
- Private equity: GTCR, Siris Capital, HighPost Capital and OceanSound Partners
- Credit and asset managers: Diameter Capital Partners, GoldenTree Asset Management and Baron Funds
- Wealth and family offices: Bessemer Trust, Wells Fargo wealth management, and Lancer Capital, the family office of the Glazer family, owners of the Tampa Bay Buccaneers
- Hedge funds: Paulson Capital, founded by John Paulson
What’s Next for the Financial District
- Two new towers at CityPlace: Related Ross secured a $772 million construction loan from Ares, Monarch Alternative Capital and HPS Investment Partners.
- Tech expansion: ServiceNow signed a major office lease in West Palm Beach.
- More leasing capacity: Related Ross hired a former Brookfield Properties leasing executive to lead office leasing in Palm Beach County.
- Strong demand: West Palm Beach was the first U.S. market to reach 100% office utilization compared with pre-COVID levels, according to Avison Young.
Frequently Asked Questions
What major financial firms have offices in West Palm Beach?
They include:
- Headquarters: Affiliated Managers Group, Elliott Management and Wells Fargo’s wealth management division
- Offices: Goldman Sachs, Point72, JPMorgan Chase, BlackRock and Morgan Stanley
- Private equity and credit: GTCR, Diameter Capital, GoldenTree, Paulson Capital and Bessemer Trust
Who are the largest financial companies headquartered in Palm Beach County?
Affiliated Managers Group is the most prominent publicly traded financial company headquartered in downtown West Palm Beach. Elliott Management moved its headquarters to the county, and Wells Fargo moved its wealth management headquarters there in 2026.
Where is Goldman Sachs located in West Palm Beach?
Goldman Sachs is a tenant at 360 Rosemary, Related Companies’ 20-story Class A office tower at Rosemary Square downtown.
What is the Flagler Financial District?
It’s the cluster of Class A office buildings along and near Flagler Drive in downtown West Palm Beach, including One Flagler and Phillips Point, where many relocated finance firms have offices.
Why are financial firms moving to West Palm Beach?
The main draws are Florida’s lack of state income tax, closeness to wealthy clients on Palm Beach island, new trophy office space and quality of life for executives.
What is One Flagler?
One Flagler is a 25-story, roughly 270,000-square-foot Class A office tower at 180 Lakeview Avenue, developed by Related Ross and completed in 2025. Its tenants include Wells Fargo, GTCR and Paulson Capital.
Sources and Further Reading
- U.S. Securities and Exchange Commission, Affiliated Managers Group Form 10-K filings (FY2014–FY2017)
- GlobalData, Affiliated Managers Group company profile
- Tiger Brokers, Affiliated Managers Group company profile
- Commercial Observer, “Related Scores First Tenants for One Flagler in West Palm Beach,” November 2021
- Commercial Observer, “Related Cos. Lands $243M to Finish West Palm Office Tower,” October 2022
- Commercial Observer, “JP Morgan Chase Inks Office Deal in West Palm,” May 2024
- Commercial Observer, “Stephen Ross Refis New West Palm Office With $340M”
- Commercial Observer, “Ross Reels In Wells Fargo as He Builds West Palm Into a Finance Hub,” 2026
- Bloomberg Tax, “Wells Fargo to Move Wealth Headquarters to West Palm Beach,” January 20, 2026
- CoStar, “Follow the money: Wells Fargo to move wealth management HQ to West Palm Beach,” January 21, 2026
- Bloomberg, “Point72 to Expand With Florida Offices as Managers Head South,” January 14, 2021
- Palm Beach Hedge Fund Association, Point72 West Palm office opening (via Bloomberg)
- Commercial Observer, “Point72 Asset Management Inks Lease at Nuveen’s Brickell Tower,” April 2021
- WPTV, “Report: Goldman Sachs could move key division to South Florida”
- BNN Bloomberg, “Paulson Firm Signs Office Lease at New West Palm Beach Tower,” April 25, 2024
- Related Companies, One Flagler and West Palm Beach tenant announcements
- Business Development Board of Palm Beach County, “Palm Beach County earns the nickname ‘Wall Street South’”
About the Author
