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New York’s Wealthiest Flocking to Florida Even While Covid Rages

Articles & Interviews | Jul 31, 2020 | Lloyd Abramowitz

Partner Lloyd Abramowitz is quoted in Bloomberg article about high-net-worth individuals relocating to Florida.


Bloomberg – Lavish Florida retreats were a popular escape for rich New Yorkers riding out the Covid-19 lockdown. Now, many are rushing to make things more permanent even while the virus surges in the Sunshine State.

Sellers in places like Miami and Palm Beach are getting flooded with offers, and the supply of available properties is plunging. Florida’s favorable tax laws have long been a draw for high-net-worth individuals, but the pandemic’s disruptions — to work, school, public safety and northern states’ budgets — have increased the allure, pushing many of the wealthiest to finally make good on aspirations to relocate.

Lloyd Abramowitz

PARTNER

Lloyd is a Partner in the New York office and leads the firm’s Wealth Management practice. He has more than thirty years of advisory experience.

Prior to joining Cerity Partners, Lloyd was the Co-CEO of EMM Wealth, a fifty-year-old multi-family office. In his role, he worked closely with clients regarding asset allocation strategies, cash-flow management, retirement, and family and generational planning. Lloyd also founded a program for high school juniors and seniors to encourage financial literacy in younger generations (formerly known as EMM University). He previously worked as an Associate Director of Equity Research at Market Guide, Inc., where he focused on small-cap and mid-cap equity research, and as an investment advisor at Gruntal & Co. Earlier in his career, Lloyd was a senior tax advisor at KPMG, providing specialized tax planning and compliance services.

Lloyd received his Bachelor of Science degree in Applied Mathematics and Statistics from the State University of New York at Stony Brook and his Master of Business Administration from New York University.

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By clicking “Submit”, you acknowledge that we collect your name, email address and phone number to respond to your inquiries and provide you information about our products and services in accordance with our Privacy Policy. If you are a California resident, please see our CCPA Notice to California Residents.