Big move in traditional finance. Wells Fargo just announced it's relocating its wealth-management division headquarters to West Palm Beach. Why does this matter? Simple—they're ditching the old guard setup and going all-in on where the real money flows these days. South Florida's become the epicenter of wealth concentration, and suddenly the legacy banking world is playing catch-up. Wells Fargo becomes the first major bank to make this kind of move, essentially planting its flag right in the middle of the action. It's a sign of how the wealth landscape is shifting, and where the big players think they need to be. Whether it's traditional players or crypto platforms looking to capture financial services market share, geography and proximity to wealth centers matter more than ever.