Rodger O. Riney founded Scottrade, Inc., in 1980 to compete in the new business of discount stockbrokerage. Under his leadership, the firm expanded to three million client accounts and $170 billion in assets under management, with over 500 branch offices in 48 states.
In 2015, Rodger was diagnosed with multiple myeloma and made the difficult decision to sell the firm to TD Ameritrade in 2017. Three years later, Schwab acquired TD Ameritrade as the industry continued to consolidate.
Rodger graduated from the College of Engineering in 1968 before earning an MBA from the Robert J. Trulaske, Sr. College of Business in 1969. He and his wife lead the Paula and Rodger Riney Foundation, which supports research into uncovering a cure for multiple myeloma and related cancers – a cause close to his heart as a cancer survivor. The Foundation also has supported research into neurodegenerative diseases such as Alzheimer’s and Parkinson’s. Rodger is a life member of the Mizzou Alumni Association and member of Traditions Circle.