Rodger Riney & family
Overview
- Source of Wealth
- Discount brokerage
- Industry
- Finance & Investments
- Residence
- St. Louis, Missouri
- Organization
- Cofounder at Scottrade
- Education
- University of Missouri (Bachelor of Arts/Science)University of Missouri (Master of Business Administration)
- Marital Status
- Married
- Children
- 3
Biography
Rodger Riney is the cofounder of discount brokerage firm Scottrade, which is now part of Charles Schwab.
After college, Riney 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. and cofounded Scottrade in 1980.
Riney, who bought out his partner in 1985, expanded the firm to 3 million client accounts with a total of $170 billion in assets under management.
He sold out to Joe Ricketts' TD Ameritrade for $4 billion in 2017, 2 years after he was diagnosed with blood cancer multiple myeloma.
He has since donated $40 million to Washington University in St. Louis to research the disease and develop treatments for neurodegenerative illnesses.