Scottrade offered a wide array of investment products, bank accounts, market research tools, and trading services.Īt the time of the company’s acquisition, Scottrade had upwards of 500 branch locations across the U.S. This would ultimately become the location of Scottrade headquarters. Shortly after starting the firm, Riney moved to St Louis, where he established a second branch. Riney originally started the firm in 1980, out of Scottsdale, Arizona, under the name Scottsdale Securities. The transaction, which took close to a year to complete, brought Scottrade’s 3 million accounts and $170 billion worth of assets under the new management of TD Ameritrade along with their entire lineup of financial services.įounder and CEO Rodger O. After more than four decades of service, the online brokerage firm Scottrade was acquired by TD Ameritrade in Q3 of 2017.
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