According to AdvisorHub, JPMorgan Chase & Co is significantly expanding its presence in Miami and Palm Beach, aiming to tap into South Florida's growing wealth market.

The bank will double the size of its offices in Brickell, Miami's financial district, to 160,000 square feet, accommodating an additional 400 employees. Additionally, JPMorgan has leased 13,000 square feet for a new office in West Palm Beach and plans to open three new financial centers in South Florida early next year.

AdvisorHub also reports that CEO Jamie Dimon announced renovations to the Tampa offices, where JPMorgan employs over 6,000 people. Earlier this year, the firm also secured naming rights to the soccer stadium in Fort Lauderdale where Lionel Messi plays.

Financial Advisor Transitions consults advisors nationwide to explore employment transition options and to preserve and protect their practice in any transition that they make.