- New service offers advisors sophisticated sales coverage and traditional portfolio construction and analysis from seasoned fixed income experts
- Daily, weekly and monthly trading desk commentary with actionable trade ideas and valuable market insights
SumRidge Partners LLC, a fixed income specialist firm and principal based market maker, formally announced today the launch of a new fixed income Liaison Desk for independent financial advisors. The new service aims to provide the wealth advisor community with professional sales coverage, strategic market commentary, tactical investment ideas and instantaneous trading execution within various fixed income products, namely corporate and municipal bonds.
The new SumRidge Liaison Desk is led by a team of fixed income experts and is focused specifically on assisting independent financial advisors. As part of the service, SumRidge offers advisors daily, weekly and monthly trading desk commentary on the fixed income markets, providing total return trade ideas, credit analysis, relative value opportunities and investment trends across various asset classes within fixed income. In addition, the SumRidge team also works with advisors to construct and analyze client portfolios for traditional fixed income accounts, helping advisors achieve desired rates of return for their clients, as well as provide investment swap ideas, when applicable. Furthermore, the new desk helps execute client orders, utilizing best-in-class market making capabilities from the SumRidge trading desk.
SumRidge Partners was founded in 2010 by former Co-Heads of Morgan Stanley Smith Barney's Capital Markets Division. The SumRidge team brings years of experience covering fixed income for wealth management clients, with most having spent 10-20 years on various capital markets trading desks at the world's largest banks and broker dealers.
SumRidge Chairman Kevin Morano comments, "As the breakaway advisor trend continues, newly independent advisors are discovering that they need access to a team of fixed income trading specialists; access that they may have been accustomed to when they were at large wirehouses. We are launching the new Liaison Desk because we recognize that independent advisors can benefit from accessing our wealth management sales and trading experience, allowing them to focus more of their time on their current and future client base."
Tom O'Brien, SumRidge CEO and President, adds, "SumRidge is excited to be rolling out a dedicated service for the independent advisor community. We already work with a number of advisor teams and firms and have received extremely positive feedback on our daily trade ideas, education and coverage."
SumRidge Partners holds its own inventory of bonds, actively makes two-sided markets on over 1,000 different corporate and municipal bond issues and is currently recognized as a top market maker on many of the retail electronic trading platforms including: BONDDESK, Knight BondPoint, Tradeweb Retail and The MuniCenter (TMC).
To learn more about the SumRidge Partners Liaison Desk for independent advisors, please visit www.sumridge.com or call the firm at (201) 898-2525 to establish a partnership.
About SumRidge Partners, LLC
SumRidge Partners, LLC is a fixed income specialist firm and principal based market maker in Investment Grade and High Yield Corporate Bonds, Municipal Bonds and Institutional Preferred Securities. Our core business is making markets, as well as delivering tactical trade ideas and trading desk commentary on the fixed income markets to our dynamic distribution platform of wealth management advisors and institutional clients. We are one of the leading regional broker dealers on the various electronic trading platforms for fixed income and also conduct voice business through our vast network of trading counterparties. SumRidge professionals have broad experience covering the fixed income markets, which enables us to deliver superior execution and marketing support to our clients. SumRidge Partners was started in August 2010 with the goal of becoming one of the premier wealth management fixed income trading firms in the world. For more information, please visit: www.sumridge.com.
Contacts:
Media:
Cognito
Binna
Kim/Angela Byrne
+1 646-395-6300
sumridge@cognitomedia.com
