NEW CANAAN, Conn.--(BUSINESS WIRE)--J.M. Lummis & Company turns 50 this year as a broker of money market securities that was founded in New York City in 1963 and later moved to New Canaan, CT. David Lummis, son of founder John Lummis, assumed the firm’s leadership in 1998 and has since led a highly experienced team of money market specialists, many of whom have been with the firm for more than 20 years.
“We owe our longevity in large part to long-standing relationships with clients,” said David Lummis, Lummis & Company’s president. “Clients stay with us because of our experience, objectivity and discretion.”
Serving the institutional markets, Lummis & Company specializes in a broad range of money market securities that mature anywhere from overnight to one year, and brokers $25 billion to $35 billion daily. The firm’s subsidiary, J.M. Lummis Securities (a member of FINRA), trades high-grade fixed income securities.
“I am surrounded by some of the most experienced people in the business and certainly the most dedicated group of colleagues,” Lummis added. “Together, we look forward to many more years of helping clients achieve their investment objectives.”
About J.M. Lummis & Company
Lummis & Company has been a broker of money market securities since 1963. The firm has specialized expertise in bank instruments, commercial paper, fixed and floating rate issues and domestic and foreign issues. Through its wholly-owned subsidiary, J.M. Lummis Securities, Lummis & Company brokers corporate notes and sells money market funds. Lummis Securities is a member of FINRA and SIPC. For more information, please visit www.jmlummis.com.
