Ann Arbor, MI – A financial services firm that has operated in Michigan for more than a decade is packing up and leaving the state.
Concorde Investment Services announced Wednesday that it plans to relocate its corporate headquarters from Ann Arbor to Boca Raton, Florida in fall 2026, ending a 15-year run in Michigan.
The independent broker-dealer and registered investment advisor said the move will place its new 9,000-square-foot headquarters at 301 Yamato Road in Boca Raton as the company continues to expand its national footprint.
Company leadership acknowledged Michigan played a major role in the firm’s early development but said South Florida now better aligns with its future growth plans.
“Michigan was exactly where we needed to be when we founded this firm, shaping who we are and giving us the foundation to grow,” said Concorde President and CEO Danielle Delongchamp. “As our national footprint has expanded, Boca Raton has emerged as the natural home for our next chapter.”
Delongchamp pointed to South Florida’s growing financial services industry, connectivity to national markets, and business climate as factors behind the decision.
Florida officials were quick to celebrate the relocation.
Boca Raton Mayor Scott Singer welcomed the firm, highlighting the city’s “exceptional talent pool, low taxes, and unparalleled quality of life.”
The Business Development Board of Palm Beach County also noted that more than 250 financial firms have relocated or expanded into the region in recent years, helping establish what many in the industry now call “Wall Street South.”
The move represents the latest example of a broader trend of financial and corporate operations leaving high-tax states in favor of business-friendly environments such as Florida and Texas.
While Concorde credited Michigan for helping launch the company, the relocation marks another loss for the state’s corporate landscape as firms increasingly look elsewhere for lower taxes, regulatory flexibility, and access to growing financial markets.
The company said the move to Florida is expected to take place in fall 2026.
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- NMD Staff
Staff@NewMediaDetroit.com