Scottrade
Scottrade is a well-known discount brokerage company serving their customers in the United States. The main headquarters of the company is situated in Saint Louis, Missouri. The annual revenue of this financial company is more than US$ 1.1 billion. They have given employment to more than 3,800 people who are controlling both their online and offline branches. The company operates as the wholly owned subsidiary of TD Ameritrade, which is a publicly traded brokerage firm having their headquarters in Omaha, Nebraska.
Scottrade History
The company was founded by Rodger O. Riney as Scottsdale Securities in 1980 with a small branch in Scottsdale. Next year, the company expanded and opened another branch in St. Louis. Following years, the company opened more than 15 branches in the various locations in the United States.
They launched their site in 1996 and start providing online investing services. The company launched their mobile app in 2009. It was acquired by TD Ameritrade in September 2017.
Scottrade Solutions
After joining hands with TD Ameritrade, the company’s product portfolio has become. The Scottrade offer solutions, such as mutual funds, treasuries, margin trading, options trading, common stocks, preferred stocks, fixed income investments retirement plans & IRAs, cash deposit, Coverdell ESA, and IRAs.
Additionally, they provide cash management and margin lending services to their customers in the United States. Both online and offline branches are operated by the company for the convenience of the customers. The company is known for their electronic trading platform for purchasing and selling operations of financial securities.