Why financial advisors can’t live with or without Florida
Try as you might, you can’t spell “financial advisor” without F-L-O-R-I-D-A.
A new study ranks Florida as the second-most popular state among Americans thinking about relocating based on internet search volume. With 18,530 Google queries, Florida trailed only Texas’ 21,021 searches, reflecting its popularity as a desirable relocation destination, according to a study by SelfStorage.com, an online platform for individuals and businesses looking for self-storage solutions.
And considering Florida’s sunny weather, gorgeous beaches, and retirement-friendly communities — and even friendlier tax policies — it’s no wonder the Sunshine State ranks so high on the list of destinations where Americans want to relocate.
All that said, Florida also pops up on the survey as the state that has the most residents who want to leave. The study shows Florida in the lead when it comes to residents searching about fleeing the state, with a search volume of 152 per 100,000 population. Next in line was Utah with a search volume of 144, suggesting a significant interest in relocation among Utah residents.
Talk about love it or leave it.
Jon Foster, president and CEO at Angeles Wealth Management, has offices in Santa Monica, California, New York City, Chicago and Houston, and clients all over the country. He said he has been seeing a significant migration of ultra-high-net-worth individuals in California moving to Texas, and New Yorkers relocating to Florida.
“This was mostly driven by high-tax-bracket escapees, but there were a significant percentage that also moved for political reasons,” Foster said. “Most of this has now slowed down. I think those who were motivated to move have moved, other than the regular historical retirement moves to
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