Scottrade

From Wikipedia, the free encyclopedia

Scottrade Inc

Type	Private
Founded	Scottsdale, Arizona (1980)
Headquarters	St Louis, Missouri, USA
Key people	Rodger O. Riney, Pres. & CEO
Industry	Discount Brokerage, Online Investing Firm
Products	Stock Brokerage, Online Investing: Stocks, Mutual Funds, IRAs, CDs, Fixed Income, Etc.
Revenue	$1.03 Billion (2007)
Employees	2,000+ (2008)
Website	www.scottrade.com

Scottrade is a privately owned discount retail brokerage firm headquartered in St. Louis, Missouri. Its founder and president is Rodger O. Riney. Scottrade has more than 357 local branch offices.

[edit] History

Scottrade was founded in 1980 by Riney as Scottsdale Securities in Scottsdale, Arizona, with two offices, one in Scottsdale and the other in St. Louis. One year later, Scottsdale Securities relocated its headquarters to St. Louis.

In 1996 Scottsdale Securities offered online trading to its customers, under the domain name of www.scottrade.com. It adopted the Scottrade name as its corporate name in 2000.

In 2007, "Scottrade was ranked No. 1 in investor satisfaction with online investing services for the seventh time since 2001, according to J.D. Power and Associates' 2007 Online Investor Satisfaction Study." ^[1]

In early 2008, FORTUNE announced "that Scottrade, a leading online investment firm, has been ranked 58th on the 11th annual '100 Best Companies to Work For' list." One of the primary reasons for the ranking, according to the Business Wire article, was job growth. Scottrade hired 46% more people in 2007 than 2006, promoted over 500 employees in 2007, and disclosed that over 20% of Scottrade branch managers "began their Scottrade careers as interns." ^[2]