Name
Rodger Riney
Rodger Riney
St. Louis, Missouri
Bachelor of Arts/Science, University of Missouri | Master of Business Administration, University of Missouri
United States
Scottrade, Inc.
7
discount brokerage, Self Made
$3,500,000,000
645
3
#645 Billionaires 2019
#223 Forbes 400 2018
Rodger Riney founded the discount brokerage firm Scottrade in 1980 in Scottsdale, Arizona with a partner whom he bought out in 1985.Riney, who has served as CEO, expanded the firm; it has 3 million client accounts with a total $170 billion in assets under management.After business school, he reportedly turned down a job at a top engineering firm and joined a Missouri investment company for less pay.A decade later, he quit his job, drove 1,500 miles from St. Louis to Scottsdale, Ariz. in his 1970 Chevy Corvette and cofounded Scottrade.In October 2016, Joe Ricketts' TD Ameritrade said it would acquire Scottrade for $4 billion in cash and stock; the deal closed in September.
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