Raymond James Financial completes acquisition of SumRidge Partners, LLC.
ST. PETERSBURG, Fla. - Raymond James Financial (NYSE: RJF) announced today it has completed the previously announced acquisition of SumRidge Partners, LLC.
“SumRidge has a people- and service-driven culture, similar to Raymond James, and I’m pleased they are now officially part of our firm,” said Raymond James Chair and CEO Paul Reilly. “Adding SumRidge and its innovative institutional market-making operation and sophisticated trading technologies to our Fixed Income Capital Markets division is another example of our commitment to serving advisors and clients through industry-leading technology.”
SumRidge Partners’ institutional market-making operation sits alongside and complements Raymond James’ core client-facing business with the goal of identifying additional opportunities for the two business units. Based in Jersey City, New Jersey, SumRidge Partners operates within the firm’s Fixed Income Capital Markets business under the leadership of SumRidge’s co-founders, Tom O’Brien and Kevin Morano.
For more information on the transaction, please refer to the announcement press release.
About Raymond James Financial, Inc.
Raymond James Financial, Inc. (NYSE: RJF) is a leading diversified financial services company providing private client group, capital markets, asset management, banking and other services to individuals, corporations and municipalities. The company has approximately 8,700 financial advisors. Total client assets are $1.19 trillion. Public since 1983, the firm is listed on the New York Stock Exchange under the symbol RJF. Additional information is available at www.raymondjames.com.