Raymond James to acquire SumRidge Partners.

Raymond James, a diversified financial services holding company, agreed to acquire SumRidge Partners, a firm specializing in investment-grade and high-yield corporate bonds, municipal bonds and institutional preferred securities. Financial terms were not disclosed. “This acquisition is further evidence of our commitment to provide cutting-edge technology to advisors, clients and stakeholders. In addition to being a strong strategic fit, SumRidge Partners has a culture that closely resembles our own. Beyond valuing entrepreneurialism and teamwork, we both operate conservatively by prioritizing long-term decision making with high standards for performance and integrity," Paul Reilly, Raymond James Chairman and CEO.