Miami Wealth Boom Fuels $13 Billion Firm Serving the Ultra Rich

For nearly two decades, CV Advisorshas gradually grown its business in Miami by courting mostly ultra-rich Latin American families looking for ways to shield their fortunes from upheaval.

But as Miami boomed since the pandemic began, with scores of rich Northeasterners moving in, so did the business of serving the well off living in Florida and beyond.

The firm has grown its assets under management 35% this year alone to $13 billion, which includes new money and $1 billion of investment profits, according to founder and Chief Executive Officer Elliot Dornbusch. He said he expects the portion of ...