Miami Beach Commissioner Joseph Magazine — a 20-year Wall Street veteran — welcomes Global Alts Miami 2026 and explains why the city is experiencing a “once in a lifetime transformation.”

From hedge funds and family offices to tech and AI companies, capital isn’t just visiting Miami anymore — it’s building here, investing here, putting down roots. Magazine makes the case for Miami’s unique alignment between government and the private sector: “While other cities are trying to figure out how to tax unrealized gains, here in Miami, we’re focused on how to realize them.”

This is the welcome address that sets the stage for the world’s largest cap intro event and introduces the 2026 theme: Capital in Motion.

TIMESTAMPS:
0:00 — Welcome to Miami Beach
0:42 — 20 years on Wall Street + City Commissioner
1:00 — Miami’s generational transformation
1:40 — “No longer visiting — they’re building here”
2:20 — Alignment between government and private sector
2:55 — “Managing growth, not decline”
3:05 — Florida’s regulatory and tax environment
3:45 — “Raise capital in the morning, ocean drive at sunset”
4:00 — “While other cities tax unrealized gains, we realize them”
4:50 — “No longer emerging. We are maturing.”
5:15 — “That’s not politics. That’s performance.”
5:25 — “The frontier in America’s exceptionalism”
5:35 — “Capital in Motion” theme introduction

KEY TOPICS:

  • Miami’s “once in a lifetime” generational transformation
  • Migration of hedge funds, PE, family offices, tech & AI to Miami
  • “No longer visiting — they’re building here, investing here”
  • Alignment between government and private sector
  • Florida’s regulatory and tax environment encourages capital formation
  • “While other cities tax unrealized gains, we’re focused on realizing them”
  • Quality of life + serious finance can coexist
  • “No longer emerging — now maturing”
  • True ecosystem: capital, founders, innovators, operators, allocators
  • “That’s not politics. That’s performance.”
  • “Capital in Motion” — 2026 theme

SPEAKERS:

  • Joseph Magazine — Commissioner, City of Miami Beach; 20-Year Wall Street Veteran

Recorded live at Global Alts Miami 2026