Financial & Insurance Services

Financial and Insurance Services is one of the largest and fastest-growing job sectors here in Frisco, with businesses specializing in wealth management, financial protection and now financial technology (fintech). In just the last three years, this space has expanded exponentially, with Frisco residents not only investing in their own futures, but in the future of the city.

Industry Insights & Significant Developments

Branching Out in Frisco 

By the end of 2024, the Teachers Insurance and Annuity Association (TIAA) finalized its relocation from New York City to Frisco. A Fortune 500 financial advisory group, they established their city hub at The Star, a sprawling multi-use campus that houses the Dallas Cowboys World Headquarters and practice facility in Frisco. The TIAA Tower, a state-of-the-art 15-story building, is set to create over 2,000 job opportunities in Frisco by 2029.

Competing With Industry Leaders

Following JP Morgan Chase’s move of its headquarters and 6,000 employees to the Legacy West campus in Plano, Texas, the Plano/Frisco Corridor has emerged as a contender against the Dallas Corridor — often referred to as the “Wall Street of the South.” The number of institutions establishing offices and job centers in Frisco is steadily increasing.

Plugging Into Strategic Financial Alliances

Frisco recently unveiled a collaboration with Plug and Play. As the world’s largest global startup accelerator, Plug and Play will open its North Texas office in Frisco through this partnership. Based in Silicon Valley, the company is right in the heart of financial services innovation partnering with over 70 leading institutions.

The Plug and Play Frisco initiative involves a results-driven collaboration that spans various sectors mirroring Frisco’s industry landscape. This includes an accelerator for sports technology and a fintech program in partnership with the McKinney Economic Development Corporation. Thanks to the talent pool and culture of innovation in our city, creative minds are eager to engage with the Frisco EDC.

Fast Fact: Financial/Insurance Services is the No. 4 industry among Frisco residents.