Wells Fargo Joins the Exodus: Wealth Management Division Flees to Florida as California Democrats Drive Out Another Icon

Wells Fargo Joins the Exodus: Wealth Management Division Flees to Florida as California Democrats Drive Out Another Icon

In another devastating blow to California’s once-thriving economy, Wells Fargo—the historic bank founded in San Francisco during the Gold Rush era—has confirmed it is relocating its Wealth and Investment Management headquarters to West Palm Beach, Florida. This marks the first time a major U.S. bank has based its wealth operations in South Florida, with about 100 senior executives and leaders shifting to a new 50,000-square-foot office in the On…