Scottrade was founded in 1980 in St. Louis, Missouri, by former CEO Roger Riney. Originally named Scottsdale Securities, Riney saw an opportunity to reach more clients and do more business by going online in 1996. The company changed its name in 2000.
Scottrade specializes in investment products, such as individual retirement accounts, stocks, options, exchange-traded funds, mutual funds, bonds, certificates of deposit, corporate/municipal bonds, treasury bonds, education savings account, flexible dividend reinvestment, and international investments. In addition, the company offers online trading services that include Web trading, real-time trading, and online trading.
The company employs approximately 4,000 persons and had annual revenue in 2016 of $1.1 billion. Headquarters remain in St. Louis, Missouri.
As of September 2017, the company operates as a subsidiary of TD Ameritrade after being acquired for $4 billion. This acquisition cost the St. Louis, Missouri, area more than 1,000 jobs.
Scottrade was founded in 1980 in St. Louis, Missouri, by former CEO Roger Riney. Originally named Scottsdale Securities, Riney saw an opportunity to reach more clients and do more business by going online in 1996. The company changed its name in 2000.
Scottrade specializes in investment products, such as individual retirement accounts, stocks, options, exchange-traded funds, mutual funds, bonds, certificates of deposit, corporate/municipal bonds, treasury bonds, education savings account, flexible dividend reinvestment, and international investments. In addition, the company offers online trading services that include Web trading, real-time trading, and online trading.
History
The company employs approximately 4,000 persons and had annual revenue in 2016 of $1.1 billion. Headquarters remain in St. Louis, Missouri.
As of September 2017, the company operates as a subsidiary of TD Ameritrade after being acquired for $4 billion. This acquisition cost the St. Louis, Missouri, area more than 1,000 jobs.