Scottrade
| File:Scottrade Logo.svg | |
| Company type | Private |
|---|---|
| Industry | Discount Brokerage, online investing firm |
| Founded | Scottsdale, Arizona (1980) |
| Headquarters | St. Louis, Missouri, USA |
Key people | Rodger O. Riney, Founder & CEO; Jane Wulf, Chief Administrative Officer; Chris X. Moloney, Chief Markeing Officer; Ron Wiese, Chief; Matt Sr. Financial Officer |
| Products | stock brokerage, Online investing: Stocks, Mutual Funds, IRAs, CDs, Fixed Income, Etc. |
| Revenue | $838.1 million (2008)[1] |
Number of employees | 2,500+ (2008) |
| Website | www.scottrade.com |
Scottrade is an privately owned American discount retail brokerage firm headquartered in St. Louis, Missouri.[2] Its founder and president is Rodger O. Riney. Scottrade has 441 branch offices around the U.S.. Scottrade has no international branch offices but does offer special services to its Asian-Pacific customers with a Chinese service center staffing Chinese-speaking stockbrokers.
Services Offered
Scottrade has three separate trading platforms for their clients including, Scottrade, Scottrader, and Scottrade Elite. Scottrade Elite, the most advanced, includes news columns from both Comtex and Dow Jones, advanced charts, level two and TotalView quotes, and stock screeners.[3]
Awards
In 2009, Scottrade placed 60th in Fortune's Top '100 Best Companies to Work For' List, slipping two spots from its previous rank of 58th in 2008. According to Fortune, The major contributor to making the 2009 list was Scottrade's ability to shake the turmoil on Wall Street and achieve its 20 year milestone on October 10th of paying quarterly bonuses and never having a layoff. Other factors were 25% job growth (390 new jobs) and zero employees outside of the U.S. Scottrade" Fortune 2 FEB 2009 [4]
In 2008-2009, "Scottrade was ranked No. 1 in investor satisfaction with online investing services for the eighth time since 2001, according to J. D. Power and Associates' 2008 Online Investor Satisfaction Study." [5]
In 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." [6]
Recently Scottrade was also selected by Computerworld magazine's 2008 16th best place to work in IT. Many things were considered when rating the work environment for technology professionals such as benefits, diversity, career development, training and retention. In addition to a comprehensive questionnaire regarding company offerings, Computerworld conducted an extensive survey of Scottrade’s IT workers.[7]
Competitors
Competitors in the discount brokerage industry include: E*TRADE, TD Ameritrade, Fidelity Investments and Charles Schwab.
Footnotes and references
- ^ "Scottrade -- Financial Services". www.inc.com. Retrieved 2010-01-16.
- ^ Logan, Tim. "Scottrade buys two buildings, land, in Maryville Centre." St. Louis Post-Dispatch. March 30, 2009. Retrieved on August 29, 2009.
- ^ "Scottrade Reviews". Scottrade Reviews. 2009-06-18. Retrieved 2009-06-18.
- ^ http://money.cnn.com/magazines/fortune/bestcompanies/2009/snapshots/60.html
- ^ "J.D. Power ranks Scottrade No. 1 in investor satisfaction." St. Louis Business Journal 25 OCT 2007 <http://www.bizjournals.com/stlouis/stories/2007/10/22/daily31.html?ana=from_rss
- ^ "Scottrade Named to Fortune's``100 Best Companies to Work For List for the First Time" Forbes.com Business Wire - Press Release 22 JAN 2008 <http://www.forbes.com/businesswire/feeds/businesswire/2008/01/22/businesswire20080122006194r1.html
- ^ "Scottrade named 16th Best Place to Work in IT by Computerworld" Business Wire. June 26, 2008 <http://www.businesswire.com/portal/site/google/?ndmViewId=news_view&newsId=20080626005762&newsLang=en>