Vanguard to Open Miami Office for Offshore Latin America Wealth

Vanguard Group, the world’s second-largest asset manager, plans to open a new office in Miami to cater to Latin American clients who want to move part, or all, of their wealth offshore.

The company will lease an office in 2024 while managing the rest of this year with a combination of shared space and remote work for the two people already leading the Miami operations, Juan Hernandez, Vanguard’s head of Latin America, said in an interview in Mexico City.

Historically, wealthy Latin Americans have held some assets in their country of origin and some abroad as part of ...