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brief-financial-professional-services-florida
- 1. E N TE R P R I S E F L O R I D A
- 2. FL 1st UT 2nd TX 3rd GA 4th IN 5th * WHY FLORIDA? BUSINESS CLIMATE MARKET& ACCESS AS THE NATION'S 3RD LARGEST STATE, THERE'S NO DOUBT FLORIDA IS A MONEY MARKET. 18th LARGEST GLOBAL ECONOMY, IF FLORIDA WERE A COUNTRY Switzerland $693B Switzerland $693B U.A.E. $348B U.A.E. $348BIreland $241B Ireland $241B Florida $839B Florida $839B Consistently ranked one of the best states for business, Florida is committed to keeping regulatory requirements and business taxes low. That, along with a strong economy and zero personal state income tax, make it a great place to do business. We won’t stand in the way of your success. We’ll pave the way for it. Most of the nation's leading financial and insurance services firms have established large operations in Florida to take advantage of our global connectivity, experienced workforce, and growing market. All of these assets in a cost-competitive and welcoming state means that Florida isn't just ready for the future, we are the future. Florida’s proximity to Latin America, vibrant international banking sector, and booming trade offer attractive opportunities for financial service companies of all sizes. Whether you’re serving Florida’s large market, the U.S., Latin America, or the globe, no other state can expand your reach like Florida. FLORIDA businesses export greater than $53 BILLION in goods annually, this is as much as the entire NEW ENGLAND region.12 12 WISER * Business Facilities
- 3. Florida Resident FINRALicenses (total number for each license statewide) • Series 7: 27,367 • Series 63: 34,917 • Series 65 & 66: 21,692 Degree production for Financial Services (Annual 2014, JobsEQ) • Certificates: 10,099 • 4yr Awards: 17,031 • Postgraduate Awards: 8,988 • Total Awards: 36,118 CONNECT WITH THE BEST WORKFORCE EXCELLENCE TOP TEN BANKS IN FLORIDA (by in-state assets - June 2015) Name Assets (In Billions) Bank of America $97.9 Wells Fargo $75.1 SunTrust $46.3 JP Morgan Chase $24.9 Regions $19.2 Branch Banking & Trust Company $16.8 EverBank $16.6 Citigroup $16.1 BankUnited $12.5 Raymond James $11.5 FINANCIAL SERVICES AND INSURANCE INDUSTRY EMPLOYMENT (Annual 2015) Sector (Industry Code) Employees Firms Average Wages Credit Intermediation and Related Activities (522) 159,196 11,175 $70,054 Securities, Commodity Contracts, and other Financial Investments (523) 44,161 7,668 $145,544 Insurance Carriers and Related Activities (524) 148,568 13,704 $69,765 Funds, Trusts, and other Financial Vehicles (525) - 321 - Total 351,925 32,868 $95,121 LARGEST DEPOSIT MARKETS (from 2015 summary of deposits) Market Institutions in Market Deposits (In Millions) Miami - Fort Lauderdale - West Palm Beach, FL 105 $207,460 Tampa - St. Petersburg - Clearwater, FL 66 $69,881 Jacksonville, FL 38 $55,789 Orlando - Kissimmee - Sanford, FL 45 $42,806 North Port - Sarasota - Bradenton, FL 42 $18,087 Nothing is more important to a company’s success than its workforce. More than 351,000 professionals work in Florida’s finance and insurance industries, and our universities are among the nation’s top producers of industry talent. So while we’re helping you succeed with today’s talent, we’re also preparing tomorrow’s. 5 NSF 20,0000 40,000 60,000 STEM Graduates Total Bachelor’s Degrees Awarded Annually 80,000 100,000 VAVA NCNC MAMA GAGA FloridaFlorida BACHELOR’S FLORIDA is a leader in the production of STEM GRADUATES and total graduates with degrees.5 Florida's diversified economic structure has enabled it to become a truly global player in the financial services and insurance industries.
- 4. MAP KEY Commercial Airports(20) < 1,500 1,500 - 12,500 12,500 - 54,000 ≥ 54,000 Number of Financial Services and Insurance Employees FLORIDA’S FINANCIAL SERVICES CLUSTER (select companies highlighted) TALLAHASSEE JACKSONVILLE GAINESVILLE ORLANDO TAMPA MIAMI Aetna Bank of America Citi Deutsche Bank EverBank Fidelity Investments Fidelity National Financial Florida Blue JP Morgan Chase Lender Processing Services Macquarie Group Ocwen Loan Servicing Templeton International, Inc. American Express AXA Advisors' Florida/Caribbean Region Banco Santander International Bank of America Merrill Lynch Brink's Global Services - Latin America BUPA Latin America Citibank Citigroup Latin America Grant Thornton International Intermex Wire Transfer, LLC Itau Private Bank International MAPFRE USA MasterCard Worldwide Northern Trust Bank of Florida Paris RE Latin America Sabadell United Bank SunTrust Bank TD Bank Visa International, Latin America & Caribbean Wells Fargo BNY Mellon CNL Holding LLC Digital Risk Fairwinds Credit Union JP Morgan Chase Verizon Communications Navy Federal Credit Union ST. PETERSBURG# 3# 3 Largest Insurance Industry in the U.S. Foreign Banks have their HQ in Florida1818 141141 Commercial Banks with $140B+ in Assets 160160 Private Equity Firms, More than $33.9B AUM Largest Financial Services Industry in the U.S. # 4# 4 Citi Depository Trust & Clearing Corp. JP Morgan Chase Metlife Morgan Stanley Wealth Managment PNC PricewaterhouseCoopers Raymond James Financial, Inc. T. Rowe Price USAA FCCI Insurance Group W. PALM BEACH FT. LAUDERDALE
- 5. Ilona Vega Director, InternationalTrade Development +1 (305) 808-3582 ivega@enterpriseflorida.com Tim Vanderhoof Vice President, Business Development +1 (407) 956-5679 tvanderhoof@enterpriseflorida.com For expansion and location assistance: For exporting assistance: HEADQUARTERS 800 North Magnolia Avenue Suite 1100 Orlando, Florida 32803 (407) 956-5600 TALLAHASSEE 101 North Monroe Street Suite 1000 Tallahassee, Florida 32301 (850) 298-6620 INTERNATIONAL TRADE & DEVELOPMENT 201 Alhambra Circle, Suite 610 Coral Gables, Florida 33134 (305) 808-3660 ENTERPRISEFLORIDA.COM WHY FLORIDA? COMPANY TESTIMONIALS ARE YOU READY? ENTERPRISE FLORIDA IS HERE TO HELP Rev.08/2016 “Since 2008, Deutsche Bank’s presence in Florida has grown rapidly from 100 to nearly 1,500 employees across all of our businesses in the US. Our Jacksonville location has been a great success and continues to represent an exciting opportunity for the Bank, thanks to the tremendous support we have received from the State of Florida and the City of Jacksonville.The Bank looks forward to being a strong partner in Florida’s growing financial industry over the long term.” Leslie Slover | Managing Director & Regional Head | Deutsche Bank “We needed a place that would not only appeal to our employees moving from New York, but would also allow us to recruit a knowledgeable workforce with expertise in technology, finance, accounting, operations and communications. We needed a place with strong educational resources, a good housing stock, diversity and respected medical facilities.We found all those critical attributes in Tampa. And we found something else as well. We found a community that welcomed and embraced us.We found a a neighborhood where we've been able to put down roots.We found a place to call home.” Donald F. Donahue | Chairman and CEO | DTCC “We have received a warm welcome from the state and local economic development partners, who aided in our decision process to locate in Metro Orlando.The region's talent pipeline, which is full of finance and accounting graduates, was an integral factor in Verizon choosing to invest in Central Florida.” Michelle Robinson | Vice President, South Area | Verizon Communications “We are thrilled to now be able to call Jacksonville home for our expanding company.The talent we have already secured from Jacksonville is top-notch, and it reiterates what what we already know about Northeast Florida - Jacksonville's rich talent pool, incredible quality of life and downtown growth provide us the key ingredients to continue growing our operations in the U.S.” Patrick Upfold | CFO | Macquarie Group