New models for wealth management: South Florida has long been a center for private wealth management, catering to the abundance of affluent families that own homes here. Now a new generation of wealth is being created, and a new array of managers is ready to protect and grow these fortunes—with whatever tools they need

South Florida CEO, April, 2004 by Mike Seemuth, J.P. Faber

"It goes beyond investment, to estate planning, insurance needs, and so forth," says Jay Pelham, who manages domestic private banking for BankUnited. "A lot of people use the expression wealth management and private banking. I view that we are in the solutions business."