Rodger O. Riney
Rodger O. Riney
|Born||1946 (age 72–73)|
|Alma mater||University of Missouri|
|Known for||Founder of Scottrade|
|Net worth||$3.5 billion|
Riney was born in 1946 and was introduced to the stock market by his grandparents after giving him 10 shares of a stock. Riney earned a Bachelor of Science in civil engineering and a Master of Business Administration from the University of Missouri. He interned at Edward Jones Investments.
After the deregulation of the brokerage industry in 1975, Riney saw an opportunity to provide lower commission trades. In 1980, he founded Scottsdale Securities in Scottsdale, Arizona.
Riney and his wife, Paula, are members of Kirkwood Baptist Church in St. Louis County, Missouri.
In the year after selling Scottrade, Riney donated $131 million to various causes.
- "Rodger & Paula Riney". Inside Philanthropy.
- "Scottrade: Not The Marrying Kind". Bloomberg News. August 1, 2005.
- Reerink, Jack (June 9, 2011). "Scottrade CEO's secret sauce: Cheap & good". Reuters.
- Edwards, Greg (September 18, 2017). "TD Ameritrade closes on acquisition of Scottrade". American City Business Journals.
- Stuenkel, Gil (June 18, 2000). "Rodger Riney, Scottrade Inc". American City Business Journals.
- "Scottrade Named to the FORTUNE "100 Best Companies to Work For" List for Fifth Consecutive Year" (Press release). Business Wire. January 19, 2012.
- "TD Ameritrade Closes Acquisition of Scottrade Financial Services, Inc" (Press release). Business Wire. September 18, 2017.
- "Rineys Contribute $5 Million for Multiple Myeloma Research and Treatment". Washington University in St. Louis. Fall 2017.
- Rizvic, Veneta (November 30, 2018). "Washington University gets $20 million gift". American City Business Journals.