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Wells Fargo Moves Wealth HQ to Florida, Targets Affluent Clients

1/21/2026

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Summary

Story summary

Wells Fargo & Company, the bank, will relocate its wealth management headquarters to West Palm Beach, Florida.
It becomes the first major U.S. bank to move its wealth unit there, targeting high-net-worth clients.
Wells Fargo will lease 50,000 square feet at One Flagler, with about 100 senior executives moving by year-end.
Last year, the wealth management division generated $16 billion in revenue, about 20% of Wells Fargo's total.

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Story summary

Wells Fargo & Company, the bank, will relocate its wealth management headquarters to West Palm Beach, Florida.
It becomes the first major U.S. bank to move its wealth unit there, targeting high-net-worth clients.
Wells Fargo will lease 50,000 square feet at One Flagler, with about 100 senior executives moving by year-end.
Last year, the wealth management division generated $16 billion in revenue, about 20% of Wells Fargo's total.