New-York-to-Florida Family-Office Migration – June/July 2025

How many offices actually moved?

Altss’s real-time OSINT counted 23 New-York–registered family offices that formally switched their principal Form ADV address to Florida in Q2 2025.
That’s on top of three brand-new satellite launches in the past week alone:

• Rockefeller Global Family Office added Suskind Ripple Halliwell Wealth Partners in Fort Lauderdale on 27 June 2025.
• Taft Law—legal adviser to multiple single-family offices—entered Naples with a private-client team on 30 June
• Charter Capital, investment-banking partner to MFOs, opened a Tampa office on 1 July.

Together these filings and openings signal that Florida’s family-office corridor is not a pandemic blip—it’s accelerating.

Why they’re going south (and it’s not just one mayoral headline)

Tax arbitrage still leads the stack—zero state income tax and favorable estate statutes—but 2025 adds two fresh catalysts:

• Policy uncertainty in New York. Wealthy households took notice when NYC mayoral front-runner Zohran Mamdani floated a 2-point income-tax hike; high-end brokers immediately fielded relocation calls. “My number-one job will be moving people from New York to Florida—again,” said celebrity agent Ryan Serhant the morning after the primary win.
• Deal-access gravity. Florida deployed more than $5 billion in venture and growth capital in H1 2025, up 28 % year-over-year, according to Florida Venture Forum data. Founders are exiting, new funds are forming, and family offices want boots-on-ground exposure.

Add lifestyle and flight-connectivity advantages and the pull becomes hard to resist—a point every South-Florida broker now repeats.

Front-line broker pulse

• Isaac Toledano (BH Group) posted that “summer is usually quiet for Northeastern buyers—this year we booked a week’s worth of Miami showings overnight.”
• Peggy Olin (OneWorld Properties) said Zoom tours for Manhattan clients spiked the same week the primary results hit the wires .
• Boca Raton mayor Scott Singer reminded CNBC viewers that his city “lowers taxes, not raises them,” even offering concierge business services to relocating firms .

These aren’t partisan talking points—just signals of market oxygen flowing south.

Macro proof points

• Florida still #1 in millionaire inflows. Henley & Partners’ 2025 Private-Wealth Migration Report keeps the state atop the chart for the fifth straight year.
• Service-provider follow-through. Taft Law’s Naples move brings big-law estate-planning heft; Charter Capital’s Tampa hub plants mid-market deal origination closer to freshly arrived capital.

When service ecosystems chase wealth migration, the relocation loop becomes self-reinforcing.

What this means for capital-raisers

• Warm-intro maps just redrew. Gate-keepers who once sat on Park Avenue now hold office keys in Brickell, Palm Beach and Naples. Altss’s relationship graph (launching Q4 2025) already pinpoints new nodes for soft entries.
• Direct deals outperform blind pools. Relocated CIOs are leaning into co-invests in coastal real estate, maritime logistics, Latin-America growth equity and specialty finance they can oversee locally.
• Ticket size is intact. Average AUM among the 23 address-switchers: $1.8 billion. These are multigenerational dynastic pools, not crypto tourists.

Three immediate moves

Geo-tag and filter. In Altss, sort all family offices that updated to Florida addresses between April 1 and July 1, then layer sector filters—energy, real estate, tech liquidity—to prioritise outreach.

Own the calendar. Reserve side-rooms now at the 4 September Private Wealth Retreat – South Florida and the October Family Wealth Report Miami Awards. Six New-York speakers were added to the Miami retreat agenda just this week ; they’ll draw their peers.

Localise your deck. Highlight hurricane-resilient real-asset strategies, Latin-America adjacency benefits and Florida trust law efficiency; those themes resonate with CIOs making a domicile bet on the state.

Quick-hit FAQ

Q: Which notable family-office expansions hit Florida last week?
A: Rockefeller Global Family Office (Fort Lauderdale), Taft Law (Naples), Charter Capital (Tampa).

Q: What are the main Florida hubs?
A: Miami, Palm Beach, Boca Raton and Naples captured roughly 70 % of the Q2 address switches Altss logged.

Q: How early can Altss flag a move?
A: Within hours of a public filing or verifiable address change—often weeks before mainstream coverage.

Information is edge. Book a demo and watch Florida relocation signals—and the capital behind them—light up in Altss the moment they happen.

Listing names is table-stakes; tracking velocity is durable alpha. Altss delivers that alpha—without revealing your playbook.