Palm Beach County Business | The Wall Street South Issue | Fall 2025

QUARTERLY ECONOMIC DEVELOPMENT MAGAZINE

Fall 2025

BDB.ORG

BUSINESS

PBC BUSINESS | FALL 2025

Contents CITY OF WEST PALM BEACH

PALM BEACH COUNTY BUSINESS | THE WALL STREET SOUTH ISSUE

CONTENTS In the Know From the CEO

“Wall Street South”, an economic success.

Page 2

Wall Street South®

Hundreds of firms have opened offices in the Palm Beaches. Look who’s here.

Page 4

TUTTO MARE

WINGROVE ACADEMY

Where Money Makes Its Home

Fund managers find Palm Beach County a place to grow.

Page 6

Taste of New York Restaurants and bars have followed their clientele to the Palm Beaches.

Page 7

More firms moving in to “Wall Street South” The list keeps growing.

Page 10

Business in Action

More than just financial services firms are making news and moves.

Page 11

AUM: Billions in Managed Assets Here are the top firms.

Page 11

The City of West Palm Beach JOCK FISTICK

Sponsored Spotlight Page 12

Legends with Ties Here Meet the neighbors.

Page 19

On a Growth Trajectory

SONYA MINGOLA

New developments and educational resources.

Page 21

The Official Wall Street South® The brand in action.

Page 22

Next-Gen Talent

Local student success stories.

Page 24

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IN THE KNOW

Wall Street South, an Economic Success From Kelly Smallridge, President and CEO Business Development Board of Palm Beach County THE IDEA BEHIND “WALL STREET SOUTH” began as a way to describe the migration of financial service firms to the Palm Beaches. Today, it’s a globally known brand that exemplifies a movement of growth and sophistication across all sectors including finance, tech, aviation, aerospace, life science, healthcare—and now, industries of the future like quantum computing .

The Palm Beaches are an economic engine all their own. The 19,894 companies in the financial sector here employ more than 120,791 people with average salaries of $123,099—and a gross regional product of $35.4 billion.

Of the $39 billion in wealth that’s arrived in the state over the past several years, a quarter of it has settled in Palm Beach County. It was also recently ranked in the world’s top five fastest-growing wealth hubs. The county is the No. 1 location to attract the young and wealthy. What’s more, Palm Beach County is a top location where firms are opening a presence from their New York offices. That’s translated into real dollars: In the past five years, property tax revenue has surged from $951 million in 2020 to more than $1.4 billion in 2025.

As you’ll read in this issue of Palm Beach County Business, the Business Development Board continues to build connections to maintain this record-breaking pace. From billboards and campaigns throughout Chicago, Boston and New York City to collaborations among educators, developers, financiers and policymakers, we’re all-in in the Palm Beaches.

We at the Business Development Board, along with county and municipal officials and the business leaders driving innovation, are committed to ensuring Wall Street South remains synonymous with economic success—for employers, our workforce, families and the greater community. When we all thrive, that’s a street we want to call home.

Business Development Board of Palm Beach County, Inc. 310 Evernia Street West Palm Beach, FL 33401 561.835.1008 | bdb.org Kelly Smallridge President & CEO 561.835.1008 Ext. 4121 ksmallridge@bdb.org Kristen Bardin Vice President – Private Investment 561.835.1008 Ext. 4110 kbardin@bdb.org Tim Dougher Vice President – Business Recruitment, Retention and Expansion 561.835.1008 Ext. 4131 tdougher@bdb.org Kristen Liberman Vice President – Marketing & Media Relations 561.835.1008 Ext. 4106 kliberman@bdb.org Shawn Rowan Vice President – Business Recruitment, Retention and Expansion 561.835.1008 Ext. 4108 srowan@bdb.org

ON THE COVER: Wall Street South®

PUBLISHED BY

Passport Publications | passport media group 1555 Palm Beach Lakes Blvd., Suite 1550 West Palm Beach, FL 33401 561.472.8778 | PassportPublications.com

Palm Beach County Board of County Commissioners (L-R): Commissioner Gregg K. Weiss; Commissioner Sara Baxter, Vice Mayor; Commissioner Bobby Powell Jr.; Commissioner Maria G. Marino, Mayor; Commissioner Marci Woodward; Commissioner Maria Sachs; Commissioner Joel G. Flores.

THE PALM BEACH COUNTY BOARD OF COUNTY COMMISSIONERS (BCC) adopts ordinances to establish policies and programs aimed at protecting the health, safety and general welfare of residents. The BCC works to resolve major problems facing local government and guides growth and development. In addition to efforts provided by the Department of Housing and Economic Development, the county works closely with local boards and committees to create job growth incentives and strengthen economic development.

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PBC BUSINESS | FALL 2025

Palm Beach County Business Quarterly is published

by Passport Publications & Media Corporation, on behalf of the Business Development Board of Palm Beach County, Inc. All rights reserved. No part of this publication may be reproduced without the expressed written consent of the Business Development Board of Palm Beach County, and the publisher. © 2025 Passport Publications & Media Corporation

LOOK WHO’S HERE GOLDMAN SACHS: The company moved its globalmarkets division, including hundreds of traders and salespeople, to 360 Rosemary in West Palm Beach.

GLOBAL RANKINGS: » West Palm Beach and Palm Beach ranked in the world’s top 5 fastest-growing wealth hubs, ahead of Dubai and Silicon Valley.

Source: 2025 Henley & Partners

BLACKROCK: Led by billionaire Larry Fink, the firm opened a 5,000 sq. ft. “snowbird” office in West Palm Beach at 360 Rosemary. BlackRock is the largest money-management firm in the world with more than $10 trillion in assets under management.

» Personal Income Tax: Florida 0%; New York almost 11%.

» Credit Rating: Florida AAA; New York: AA+ » Florida’s economy ranked No. 1, making it

ELLIOTT MANAGEMENT: Led by Paul Singer, the firm relocated its HQ to West Palm Beach during COVID, where it manages $72.7 billion in assets under management.

among the world’s strongest economies.

» Florida ranked No. 1 for higher education (nine straight years) and No. 2 overall education.

(U.S. News & World Report)

» Florida is No. 1 in real GDP growth rate since

THE PALM BEACHES ARE HOME TO:

2019.

» Florida is No. 1 in new business formations since 2019, with more than 3.7 million new businesses formed in that time and already more than 234,000 formed in 2025.

» Florida leads the nation as a premier destination for business relocations, welcoming 503 net new businesses over the past year.

» » » » »

is consistently ranked among the best in America.

» » » » »

Source: FloridaCommerce and SelectFlorida

»

» Florida is No. 1 in overall net migration and No. 2 in economic growth.

» Florida’s transportation infrastructure

A&M Private Wealth Partners Addison Capital Partners Affiliated Managers Group Alkeon Capital Management AllianceBernstein AM Global Core Fund Anagenesis Capital Partners Anchin Atlantic Creek Real Estate AUA Private Equity Partners Aurelius Capital Baird Balyasny Asset Management Baron Capital BDT & MSD Partners Benefit Street Partners

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PBC BUSINESS | FALL 2025

19,894 financial companies 120,791 people employed in the sector $123,099 average salary $35.4 billion total gross regional product Top five fastest-growing wealth markets in the world; 4th in the world & 2nd in the nation 112% increase in millionaire residents over the past decade 68 billionaires 71,000 millionaires #1 location to attract and retain the young and wealthy $39 billion influx into Florida; Palm Beach County received a fourth of that wealth 34% inventory increase in Class A office space since 2020

Bergen Asset Management Bessemer Trust BlackRock Blue Sea Capital Blue Water Advisors Boxwood Partners Capital Management III Cambridge Capital Capital Asset Management Group Catalus Capital Chilton Trust Company CIBC Citadel Colony Capital Comvest Partners Convergence Investment Partners

Cresset Wealth Partners Cypress Trust Company D Cubed Dakota Wealth Management Dash Prime DigitalBridge DRB Capital DRI Fund DSM Capital Partners ECN Capital Corporation Eisler Capital Elliott Management ExodusPoint Capital Management Evercore Wealth Management Focus Financial Partners Forbes Family Trust

Fortress Investment Group Garda Capital Partners Gen II Fund Services GenSpring Family Offices Glenmede Trust Company Global Trust Asset Management Gold State Music GoldenTree Asset Management Goldman Sachs Company Graham Capital Management Greenwich Wealth Management Grey Value Management, LLC GTCR Hamilton Capital Harlan Capital Partners HedgeCo Securities

Hundreds of firms have opened

offices in the Palm Beaches.

Look who’s here:

Florida was the fastest-growing state in 2024— and it and Palm Beach County have added thousands of residents and billions of dollars to their respective ledger sheets.

Why? A favorable regulatory and tax environment make for good business.

Highbrook Investors HighPost Capital Hood River Capital Management HPS Investment Partners Hunter Global Investors Impala Asset Management Incapital Intech Investment Management JP Morgan JVB Financial Kayne Anderson Lancer Capital Lawless Edwards and Warren Lee Munder Investments Lighthouse Partners Lightview Capital Matrix Private Capital Group

MayTech Global Investments Merrill Lynch Wealth Management Mesirow Financial Millennium Management Global Investment Moelis & Company Morgan Stanley MSD Capital Myriad Asset Management NCCI Neuberger Berman NewDay USA Noble Capital Markets Norwest Equity Partners Northern Trust Ocean Sound Partners Oppenheimer & Company

Otter Creek Management Omega Advisors Oxford Financial Group Palisade Capital Management Palm Beach Capital Paulson Investment Company Point72 Polen Capital Priderock Capital Partners Rafferty Holdings RedBird Capital Partners Red Oak Capital Partners RiverNorth Capital Sanders Capital LLC Segra Capital Management Siris Capital Siebert Williams Shank & Co. LLC SkyBridge Capital

State Trust Sterling Organization Sun Capital Partners, Inc. TAG Associates The Legend Group Theorem Fund Services Tiger Global Management Township Capital Tremblant Capital Tudor Two Sigma UBS Financial Services Vipertec Virtu Financial Voloridge Investment Management Wealthspire Wexford Real Estate Investors WorldQuant

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LOOK WHO’S HERE

Where Money Makes Its Home Fund managers find Palm Beach County a place to grow

PALM BEACH COUNTY’S ROLE as a global financial services hub continues to fuel ongoing growth. Drawn by the number of high-net-worth individuals and families who call the region home, Florida’s favorable business and tax climate, or the camaraderie found amid a community of like-minded professionals, these wealth managers find Wall Street South their address for success.

Evercore Wealth Management Founded: 2008 Local office: 515 N. Flagler Dr., Suite 1701 West Palm Beach, FL 33401 Global Footprint: Offices across the United States

»

Michael Cozene, Partner, Manager of Florida Offices and Ross Saia, Partner, Wealth & Fiduciary Advisor Evercore Wealth Management is a leading Registered Investment Advisory firm in the U.S., providing strategic wealth planning, global investment management, and—through its affiliate, Evercore Trust Company, N.A.—comprehensive trust and fiduciary services. Of more than 2,000 Evercore employees worldwide, about 110 are part of the U.S. wealth management and fiduciary team. The firm manages $14.4 billion in assets from offices in Palm Beach, Tampa, New York, San Francisco, Minneapolis, and Delaware. Evercore is seeing younger families, including secondgeneration clients, relocating to the region—not just seasonally. Business owners, executives, and multigenerational families from across the U.S. and abroad are calling South Florida home. When asked why Evercore chose the Palm Beaches, the firm replied: “What’s not to like—or even love?

Palm Beach offers our clients a wonderful lifestyle, a highly desirable real estate market, world-class amenities and infrastructure, and important tax advantages.”

MayTech Global Investments, LLC Founded: 2017 Local office: 5355 Town Center Road, Suite 540 Boca Raton, FL 33486 Global Footprint: Offices in New York City and Boca Raton

» Brian Yacko, Chief Operating Officer, and John Gross, Head of Distribution

MayTech Global Investments, LLC is a 100% independent, employee-owned investment management firm focused on global growth equity portfolios. The company recently expanded to Florida, selecting Boca Raton while keeping its headquarters in New York City. The Boca office provides access to South Florida’s growing talent pool and investment professionals. Boca Raton also offers strong infrastructure, community, and lifestyle benefits. Since 2023, MayTech has doubled its AUM. The firm views the migration from major financial hubs—particularly across the Northeast—as a key factor in South Florida’s emergence as a leading financial center, attracting not only affluent individuals but also sophisticated business operations.

When asked what's the chatter in their industry regarding the wealth migration, all agreed that their clients have invested in Florida or chosen it as a dual-base. The Palm Beaches are officially a permanent wealth hub, and the trend is seeing no slowdown.

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DSM Capital Partners is an investment management firm focused on long-only, high-conviction growth equity portfolios with an intermediate- to long-term horizon. The firm relocated its corporate headquarters from Mount Kisco, NY to Palm Beach Gardens, FL, now housing its investment team, trading desk, legal, compliance, operations, business development, and client services across 17,460 square feet. The move was driven by a favorable business environment, talent pool, and infrastructure. The firm sees South Florida as a growing financial and tech hub, with AI and automation enhancing all aspects of operations. DSM continues to thrive in the Palm Beaches with $6 billion in assets under management.

»

» » »

NOBU

»

» David Basner, CEO and Neil Shapiro, President TAG Associates provides personalized investment management and family office services to individuals, trusts, foundations, and endowments with substantial assets. Firmwide, TAG manages over $7 billion in assets under management and has a total of 75 employees. When asked, “Why Florida?” the firm shared that many of its clients already had a presence in West Palm Beach and, in recent years, had been relocating permanently to the area. By opening a South Florida office, TAG aims to enhance responsiveness and collaboration while supporting its Florida-based families.

open its second South Florida location—this time at CityPlace.

Tutto Mare, a Mediterranean restaurant from New York’s Tutto il Giorno restaurant group, is next to Glazer Hall at Royal Poinciana Plaza in Palm Beach.

Nobu, from chef-restaurateur Nobu Matsuhisa, opened last year at Eau Palm Beach Resort & Spa in Manalapan.

Pastis, a favorite of the Meatpacking district, opened in 2024 in the NORA District in West Palm Beach.

Maman French cafe brought its French-inspired fare to West Palm Beach last summer.

Harry’s West Palm Beach brings the unique flair and flavor from its original location in Manhattan’s Financial District.

Others include: » Limani Grille (New York) is coming to Boca Raton. » Ruocco’s Restaurant (New Jersey) is opening in Boynton Beach. » Bellini Café, Bellini Restaurant, and the Bellini Rooftop Lounge at Mr C Residences, with celebrity chef José Andrés opening his first Palm Beach place at the Olara in 2027. » Patsy’s Pizzeria (East Harlem) is opening in Boca Raton. » Bagel Boss (New York) is opening in Boca Raton. » Domenic’s and Vinnie’s (Connecticut) is coming to Royal Palm Beach. » Square Peg Pizzeria (Connecticut) is coming to Delray Beach. » Ta-boo, revived by Thomas Keller. » Kyma (New York) Greek restaurant in Boca Raton.

PASTIS

TAG Associates Founded: 1983 Local office: 515 N. Flagler Drive, Suite 350 West Palm Beach, FL 33401 Global Footprint: Offices in New York City and West Palm Beach

TUTTO MARE

» Eataly, the revered food emporium, this fall is slated to

HARRY’S WEST PALM BEACH

DSM’s team at its corporate headquarters

AS NEW YORK AND NORTHEAST EXECUTIVES have brought their businesses and families to the Palm Beaches, their favorite restaurants and bars have followed. A short list of what’s keeping the flavor fresh includes:

MAMAN FRENCH CAFE

» DSM Capital Partners Founded: 2001 Local office: 7111 Fairway Drive, Suite 350 Palm Beach Gardens, FL 33418 Global Footprint: Relocated its HQ from NY to the Palm Beaches

EATALY, CITYPLACE

Taste of New York

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THE DEALFLOW REPORT: More firms moving in to

“Wall Street South”

THE NUMBER OF BANKING, PRIVATE EQUITY, HEDGE FUND and other financial service providers calling the Palm Beaches home keeps growing. Along with such venerable names as Citadel, Bessemer Trust, BlackRock, Elliott Management, Point72, Goldman Sachs and GTCR, are a host of firms making the move or growing their presence…

Recent Moves in 2025 » Amerant Bank opened its West Palm Beach Banking Center and Regional Headquarters Office. » Baron Capital will open a 9,144-square-foot office at One Flagler tower in West Palm Beach. » Baron Funds asset management firm from New York opened in West Palm Beach. » BlackRidge & Co, a global advisory firm, established its official headquarters in Palm Beach. » Citizens Financial Group opened its inaugural Florida private banking office on Palm Beach’s “Bankers Row” to grow its wealth management footprint in key U.S. markets. » City National Bank of Florida made its debut in the north Palm Beach County market, with its new banking office in Palm Beach Gardens. » Coral Gables Trust expanded into a larger office in Boca Raton. » DC Capital Partners, a private equity investment firm, doubled its current office space. » Flagstar Bank, N.A. opened its newest Private Client Office at 230 Royal Palm Way in Palm Beach. » Global Wealth Management opened a new office at 3695 Boynton Beach Blvd., Suite 9, in Boynton Beach. » Lancer Capital LLC, from Tampa Bay Buccaneers owners the Glazer family, opened in West Palm Beach. » Paulson Capital, from hedge fund manager John Paulson, opened its first South Florida location. » Serengeti Asset Management, a New York-based financial firm that provides investment management services, opened an office in the Palm Beaches.

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in Action MORE THAN JUST FINANCE FIRMS are making news and moves in Palm Beach County’s investment and development spaces. Among recent deals…

» Celsius Holdings, headquartered in Boca Raton, expanded its reach with a $1.8 billion acquisition of Alani Nu. » GoldState Music, a premier music rights investment platform, raised $500 million in strategic capital, including a structured capital facility co-led by Northleaf Capital Partners and Ares Management funds. » Vultr, the world’s largest privately held cloud infrastructure company, will expand its global footprint of artificial intelligence (AI) and cloud computing infrastructure in West Palm Beach. » PwC plans to more than triple its office size, moving from its current 3,300-square-foot office in West Palm Beach to a larger space at 5100 Town Center Circle in Boca Raton. » Forman Capital has relocated its corporate headquarters to Delray Beach, more than doubling its office space to accommodate growth. » The Farmer’s Dog, with upwards of $1 billion in revenue, opened its 19,000-square-foot headquarters in Boca Raton with plans to employ 150 people. » FlightPath opened a 30,000-square-foot hangar in Boca Raton. » Dazos, a customer relationship management platform for behavioral health providers based in Boca Raton, secured $25 million in series A funding from New Yorkbased venture capital firm Radian Capital.

ELLIOTT INVESTMENT MANAGEMENT » West Palm Beach » $117.32 billion SANDERS CAPITAL » West Palm Beach » $100.24 billion III CAPITAL MANAGEMENT » Boca Raton » $85.07 billion LIGHTHOUSE INVESTMENT PARTNERS » Palm Beach Gardens » $74.15 billion DIGITALBRIDGE INVESTMENT MANAGEMENT » Boca Raton » $51.27 billion POLEN CAPITAL MANAGEMENT » Boca Raton » $37.7 billion VOLORIDGE INVESTMENT MANAGEMENT » Jupiter » $36.27 billion SMARTX ADVISORY SOLUTIONS » West Palm Beach » $26.55 billion INTECH INVESTMENT MANAGEMENT » West Palm Beach » $13.37 billion DIGITAL BRIDGE ADVISORS » Boca Raton » $12.84 billion COMVEST CREDIT ADVISORS LLC » West Palm Beach » $8.41 billion GRAMERCY FUNDS MANAGEMENT LLC » West Palm Beach » $7.39 billion PROSPECT CAPITAL MANAGEMENT » West Palm Beach » $7.23 billion AE INDUSTRIAL PARTNERS » Boca Raton » $6.4 billion RIVERNORTH CAPITAL MANAGEMENT LLC » West Palm Beach » $6.18 billion SUN CAPITAL ADVISORS » Boca Raton » $6.17 billion

AUM: BILLIONS IN MANAGED ASSETS

Business

FINANCIAL FIRMS across Palm Beach County epitomize why “Wall Street South” fits the region.

Total assets under management (AUM) for the 483 asset managers in the county represent $18.2 trillion in assets. While no single source tallies all firms’ AUM in the region, a short list includes the following leaders…

(Source: South Florida Business Journal)

FALL 2025 | PBC BUSINESS 11

KONSKER DEVELOPMENT

Welcome to the Complete Side of Care.

Wherever you are in Palm Beach County, Baptist Health is here for you, providing the compassionate, quality care you deserve, right when you need it.

Across South Florida, our complete network includes: 12 hospitals Renowned institutes for cancer, heart, brain and spine, and orthopedic care 200+ physician practices and outpatient centers Over 4,000 doctors and 27,000 caregivers At Baptist Health, caring for you is at the heart of all we do.

BaptistHealth.net

Legends With Ties to the Palm Beaches Celebrities, Investors and Sports Stars ATHLETES AND CELEBRITIES, media moguls, politicians, and 68 billionaires all have ties to the Palm Beaches. They include…

James Clark, founder, Netscape (technology) Jeff Greene, founder, president and CEO, Florida Sunshine Investments (real estate, investments) John Henry, owner and publisher, Boston Globe; principal owner, Fenway Sports Group (media and sports teams) Charles B. Johnson, former CEO, Franklin Templeton Investments (asset management), majority owner, San Francisco Giants Robert Wood “Woody” Johnson IV, heir, Johnson & Johnson, co-owner, New York Jets (health and wellness, NFL team) Michael Jordan, minority owner, Charlotte Hornets (NBA) C. Dean Metropoulos, principal, Metropoulos & Co. (private equity) Terrence Pegula, founder, East Resources; owner, Buffalo Sabres (natural gas, NHL team) Isaac Perlmutter, former chairman and CEO, Marvel Entertainment Thomas Peterffy, founder and chairman, Interactive Brokers (securities broker) J. Christopher Reyes, chairman, Reyes Holdings (food distributor) Jude Reyes, co-chairman, Reyes Holdings (food distribution) Stephen Ross, owner, Miami Dolphins and Related Ross (developer) Christopher Ruddy, founder and CEO of Boca Raton-based Newsmax (media empire) Robert Sands, former chairman and CEO, Constellation Brands (alcohol) Terry Taylor, Automotive Management Services (car dealerships) David Tepper, owner, Carolina Panthers, Appaloosa Management (hedge fund) Donald J. Trump, President of the United States of America, owner, Mar-a-Lago, Trump Organization, Trump Media & Technology Group (real estate, social media) Paul Tudor Jones, II, founder, Tudor Investment Corp. (hedge fund) Russ Weiner, founder, Rockstar (energy drinks) William “Beau” Wrigley, Jr., chairman and CEO, Wrigley Management, Inc. (family office) Steve Wynn, former chairman and CEO, Wynn Resorts (casinos, hotels) Dirk Ziff, founder and managing partner, Ziff Capital Partners (family office) Photos Left Side: Jeff Greene, Michael Jordan, Donald J. Trump, Russ Weiner Photos Right Side: James Clark, J. Christopher Reyes, Stephen Ross, Steve Wynn

ADDITIONALLY...

Jon Bon Jovi, musician Tom Brady, former NFL quarterback Bill Gates, Microsoft founder Sean Hannity, Fox News anchor Greg Norman, former golfer, entrepreneur Kid Rock, musician Sylvester Stallone, actor Howard Stern, radio personality Serena Williams, tennis player, entrepreneur Tiger Woods, golfer, investor Photo: Tom Brady, Jon Bon Jovi, Tiger Woods, Sylvester Stallone

FALL 2025 | PBC BUSINESS 19

TTAAMPA GENERAL: THE POWER OF ACADEMI M C MEDICINE

NE AR YOU

Tampa General brings award-winning Ta d winning

academic medicine to the Palm Beaches and Treasure Coast.

MEDICAL SPECIAL LT TIES TGH Advanced Kidney Care TGH Advanced Pulmonary & Sle eep Medicine TGH H Advanced Urology Care TGH H Cancer Institute ncer Center of South Florida Can TGH H Cancer Institute TGH H Concierge Health TGH H Digestive Health Center TGH H General Surgeons of the Palm Beaches TGH H Heart & V Va ascular Institute TGH H Imaging TGH H Pulmonary Care & Sleep Institute TGH H Urology Group of Florida

For nearly two decades, we’ve b been ranked one of the nation’s n top 50 hospitals by U U..S. News &W Wo orld Report in multiple spe ecialties.

For a consultation, please call (561) 739-4TGH (4844).

One of Florida’s Leading Academic Health Systems for over 50 years

TGH Concierge Health is a service of TGH Primary Care.

New Southern Ivys in Town VANDERBILT UNIVERSITY plans to build a state-of-the-art innovation center at its new 1,000-student graduate campus. It will offer graduate-level business, finance, engineering, AI and data and computer science programs.

FLORIDA STATE UNIVERSITY launched a new executive education program in West Palm Beach this fall. It plans to bolster professionals and wealth managers’ skills in the fast-growing field of alternative investments.

On a Growth Trajectory ACROSS THE COUNTY, new development is creating new opportunities for families, careers and quality of life. New construction slated for 2026 and beyond includes:

RITZ-CARLTON RESIDENCES, WEST PALM BEACH » Ritz-Carlton Residences is rising on the last 14 contiguous acres of waterfront in West Palm Beach. Delivery: early 2026.

SOLESTE PALM STATION, WEST PALM BEACH

FLORIDA ATLANTIC UNIVERSITY was ranked

by Washington Monthly at No. 39 on the “America’s Best Colleges for Your Tuition (and Tax) Dollars” for the nation’s best public and private universities.

» Soleste Palm Station, a 321-unit luxury mid-rise multifamily apartment in West Palm Beach. Delivery. 2026.

NOVA SOUTHEASTERN UNIVERSITY was ranked by the Wall Street Journal for America’s Best Colleges in 2025.

» The Nora District in West Palm Beach will debut with condominiums, apartments, a luxury hotel and expansive retail across the 40-acre mixed-use district.

PALM BEACH ATLANTIC UNIVERSITY announced a name change to the Marshall E. Rinker, Sr. College of Business, praising its elevation with AACSB-accredited programs, and will open a new business hall in the heart of Wall Street South this spring.

PALM BEACH STATE COLLEGE ranked 76th out of 250 colleges across the U.S. and was sixth out of the 23 Florida colleges and universities.

KEISER UNIVERSITY ranked top 25 for social mobility in the U.S. for the last four years straight by U.S. News & World Report.

LYNN UNIVERSITY has been ranked among the nation’s most diverse and best-valued colleges, landing it featured in Forbes about its record enrollment.

An A-Rated Public School District HOME TO THE 10TH LARGEST SCHOOL district in the nation, the Palm Beaches have excellent schools that rival any in the Northeast.

Students participate in 330 choice & career programs, similar to selecting majors in college.

High School Spotlight: Amira Zraouli Graduate, Palm Beach District Schools, John I. Leonard High School Finance Academy

Profile: Amira Zraouli graduated from the public school system’s Finance Academy, securing an internship with Gold Coast Credit Union. She is now headed Palm Beach State College!

THE NORA DISTRICT, WEST PALM BEACH FORTÉ LUXE, JUPITER » Forté Luxe in Jupiter will feature 17 residences and 13 deepwater docks.

Residences priced from $4.4 million and $8 million. Delivery: 2026.

ALINA RESIDENCES, BOCA RATON » ALINA Residences in Boca Raton is drawing high- and ultra-high-net-worth buyers to residences ranging from $4 million to $10 million.

OTHER DEVELOPMENTS INCLUDE: » » » » »

Alba Palm Beach, West Palm Beach The Berkeley, West Palm Beach The Laurel, West Palm Beach Mr. C Residences, West Palm Beach The Ritz-Carlton, Palm Beach Gardens

» » » » »

South Flagler House, West Palm Beach Olara, West Palm Beach The Spruce, West Palm Beach Tortoise One, West Palm Beach The Glass House, Boca Raton

Educating Tomorrow’s Leaders WINGROVE ACADEMY, a new nonprofit PreK–12 independent school, is set to open in the Village of Wellington. Developed by ElevateED, the academy will offer a forwardfocused education that blends rigorous academics, vibrant arts, championship athletics, and whole-child development within a purpose-built, sustainable campus.

Opening in August 2028 with grades PreK–8, Wingrove Academy will add its first high school class the following year. Guided by a vision of excellence, innovation, and resilience, the school aims to prepare students to become future leaders and changemakers.

The academy’s name reflects its educational philosophy: “Wing” symbolizes ambition, exploration, and resilience, while

“Grove” honors the importance of community, wellness, and sustainable growth. Together, they represent a nurturing environment where students thrive academically, socially, and ethically.

ElevateED founder and CEO Karen Yung, a global education leader, will spearhead development alongside ElevateED President Marianne Rehn, who brings extensive experience managing schools with strong academic, arts, and athletics programs.

Located on 45 acres in Wellington, the campus will be designed by renowned architect David Manfredi of Elkus Manfredi.

His vision combines innovative indoor spaces with inspiring outdoor environments, creating a seamless setting that fosters learning, creativity, and engagement with the world.

FALL 2025 | PBC BUSINESS 21

THE PALM BEACHES ARE OFFICIALLY “WALL STREET SOUTH”, AND EVERYONE’S BEEN TALKING ABOUT IT…

“Wealthy Home Buyers Are Flocking to Jupiter—and Not Just for the Golf” — New York Post – May 2025

DEAR NYC, IT'S NOT YOU. IT'S ME. Love, the Palm Beaches

“Coast to Coast: Californians are Ditching the Golden State for Palm Beach” — The Real Deal – April 2025

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“$14B in Income Vanishes from NYC as 125K Residents Flee for Florida” — New York Post – May 2025 “In Yacht Shows, Is Palm Beach The New Monaco?”

— Forbes – April 2025

“Palm Beach Now Home to 68 of the World’s Billionaires” — Palm Beach Daily – April 2025

We Wear

Many Hats

“Global Wealth Ranking Puts West Palm, Palm Beach Near Top of the List for Growing Affluence” — Palm Beach Post – April 2025

“Bevy of New For-Rent Apartments Bring Younger Vibe to Boca Raton” — New York Post – March 2025 “Inside the Hot Luxury Real Estate Market: ‘Wall Street South’” — New York Post – March 2025

FALL 2025 | PBC BUSINESS 23

Next-Gen Talent Local Student Success Stories PALM BEACH COUNTY’S PUBLIC AND PRIVATE SCHOOLS have a history of turning out next-gen talent. Before going on to Harvard, Citadel founder Ken Griffin graduated from Boca Raton Community High School, where he was the president of the math club. The rest is history.

For some students, history is starting now. Read about several local students who have made the grades in the financial services sector.

ERIC ANDERSON Company: MayTech Global Investments Business development associate

DERYCK BURCZYK Company: Noble Capital Markets Investment banking associate

CHRIS HARMER Company: Related Companies CRE private equity

SONYA MINGOLA Company: Pratt & Whitney Engineering technician co-op

JOSEFINE MOONEY Company: Helius Wealth Management Financial advisor

UMBERTO ROSI Company: Wexford Capital LP Capital Markets

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PBC BUSINESS | FALL 2025

Program: Wealth management

University:

Lynn University Profile: Eric received a bachelor’s degree in Investment Management through a three-year program. He served as president & co-Founder of the Lynn Investment Club, and successfully completed three internships.

Program: MBA

University:

Nova Southeastern University Profile: Deryck’s degree reflects only part of his commitment to business and finance. At NSU, he worked with the studentmanaged investment fund, earning experience critical for his career in capital markets.

Program: Entrepreneurship and real estate

University:

Florida Atlantic University Profile: Chris has had an impressive career since graduating from FAU. He worked with leading investment firms, real estate companies, and capital firms before joining Related in 2024.

Program: Science, Engineering and Technology

University:

Palm Beach State College Profile: Sonya is a rising woman in technology on a fast track to her career. After earning her degree, she found an in-demand position with Pratt & Whitney, West Palm Beach.

Program: Finance

University:

Keiser University Profile: Josefine moved from her native Sweden to West Palm Beach to play college soccer for the Keiser University Seahawks.

After earning her degree, she became a licensed financial advisor guiding clients’ financial futures.

Program: Business Management and Franchising

University:

Palm Beach Atlantic University Profile: Umberto came from Italy to play tennis at PBA. He soon launched the nonprofit The Give Back Community to serve the homeless. Today, he works with the opportunistic real estate investment and development firms.

Naptime looks different here.

Retire for the Weekend.

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