JPMorgan Among Winners as Latin American Wealth Flocks to Miami

Latin America’s wealthiest investors are taking their fortunes to Miami at one of the fastest clips in history, with some fleeing regional turmoil and others lured by yields higher than they can find at home.

For JPMorgan Chase & Co. and Brazil’s biggest banks, the exodus has generated asset and client growth. For Morgan Stanley, not so much.

Wealth under management in Miami from Mexico clients alone increased by roughly 10% this year at JPMorgan, with similar gains coming from Argentina, Chile, Peru and several other Latin American nations, according to the firm.

Residential properties in the Brickell neighborhood of Miami

Photographer: Eva Marie Uzcategui/Bloomberg

“It’s incredible how much we’ve ...