Rodger Riney
Finance and Investments

Rodger Riney Net Worth

4 weeks ago

Roger Riney, born in St. Louis, Missouri, is the President and CEO of Scottrade, a discount brokerage firm he founded in 1980 in Scottsdale, Arizona. After business school, he chose to pursue a career in investment and eventually left his job to drive 1,500 miles to Scottsdale and cofound Scottrade. The firm now has 3 million client accounts with a total of $170 billion in assets under management. In 2016, TD Ameritrade acquired Scottrade for $4 billion in cash and stock.
Rodger Riney is a member of Finance and Investments

Age, Biography and Wiki

Who is it? President and CEO, Scottrade
Birth Place St. Louis, Missouri, United States

💰 Net worth: $3.3 Billion (2024)

Rodger Riney is a respected figure in the financial industry, widely recognized for his role as the President and CEO of Scottrade in the United States. With an estimated net worth of $3.3 billion in 2024, Rodger Riney has achieved significant success in his career. Known for his entrepreneurial skills and leadership abilities, he has spearheaded Scottrade's growth and positioned the company as a prominent player in the investment brokerage world. Riney's wealth is a testament to his expertise and dedication in serving the financial needs of individuals and investors alike.

Famous Quotes:

From the very early days until today, I have been surrounded by good people who just want to work hard and help others. It is just incredible.

Biography/Timeline

1946

Riney was born in 1946 and was introduced to the stock market by his grandparents after giving him 10 shares of a stock. He attended college in the 1960s and worked in the financial services industry. He interned at Edward D. Jones & Company.

1975

After the deregulation of the brokerage industry in 1975, Rodger saw an opportunity to provide lower commission trades. In 1980, he founded Scottrade in Scottsdale, Arizona under the name of Scottsdale Securities.

1982

In 1982, Scottrade branched out from Scottsdale, Arizona, promoting discounted commissions for trades placed by telephone. Riney introduced investing online in the 1990s.

2013

Riney's management methods are described as conservative. He stated his intention to maintain private ownership and is against merging. In 2013, Scottrade was cited as 53rd in the top 100 companies to work for.

2017

In 2017, Scottrade was acquired by TD Ameritrade for $4 billion.

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Tags Living people University of Missouri alumni People from Scottsdale, Arizona 1946 births

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Lisa Scholfield

As a Senior Writer at Famous Net Worth, I spearhead an exceptional team dedicated to uncovering and sharing the stories of pioneering individuals. My passion for unearthing untold narratives drives me to delve deep into the essence of each subject, bringing forth a unique blend of factual accuracy and narrative allure. In orchestrating the editorial workflow, I am deeply involved in every step—from initial research to the final touches of publishing, ensuring each biography not only informs but also engages and inspires our readership.