Update: A co-president of Guggenheim told Bloomberg that “there’s no formal relocation to Florida.”
Guggenheim’s billionaire CEO and co-founder Mark Walter also has no plans to relocate, the report said.
Crain’s Chicago is reporting that Guggenheim Partners “is on the verge of deciding to move its headquarters to Miami.”
The financial services firm has over $300 billion in assets under management, and over 2,000 employees.
The company previously employed around 1,000 in Chicago, while also having a dual headquarters in New York.
The Crain’s report said that top executives will be based in Miami and not New York or Chicago.