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Scottrade, Inc. · St. Louis, MO United States

Company Description

12800 Corporate Hill Dr.
St. Louis, MO
63131
United States (Map)
Phone: 314-965-1555
Fax: 314-543-6222
Toll Free: 800-619-7283
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    One of the largest online brokerages in the US, Scottrade offers low-cost trading in stock, bonds, options, mutual funds, and exchange-traded funds (ETFs) to consumers, with transactions handled in real time. Customers can trade online via the company's Scottrade, Scottrader, and ScottradeELITE platforms, as well as by phone or wireless device. The company also maintains a network of brokers at more than 425 branch offices in nearly all 50 states, with concentrations on both coasts. It also offers certificates of deposit, individual retirement accounts, and Coverdell education savings accounts. Scottrade, which has more than 1.5 million active accounts, is controlled by founder and CEO Rodger Riney. To read the full description, subscribe now.

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    Key Scottrade, Inc. Financials

    Company TypePrivate

    Headquarters
    Fiscal Year-EndSeptember
    2007 Sales (mil.)$1,030.0
    2007 Employees2,000

    Scottrade, Inc. Executives

    24 executives listed for Scottrade, Inc.'s St. Louis, MO location.
    TitleName & BioContact
    Founder, President, and CEORodger RineyNetwork
    Executive Director OperationsCatherine MaherNetwork
    CFORon WieseNetwork

    Competition

    Competitive Landscape for Scottrade, Inc.
    Demand is driven by economic activity that results in company mergers, acquisitions, or public financing. The profitability of an investment bank depends on its ability to accurately assess both the value of a business transaction and the readiness of the market to buy the attendant debt or equity. Big firms have an advantage because large customer transactions require firms with substantial financial resources. Small investment banks can compete by participating in syndications and operating in regional markets or specialized industries. Although labor-intensive, the industry produces very high value: average annual revenue per employee at large firms is under $1 million. The global financial crisis of 2008-2009 dramatically altered the landscape of the investment banking industry. Morgan Stanley and Goldman Sachs, the only large firms still intact, have changed their status from investment banks to bank-holding companies. Both firms still engage primarily in investment banking, but former industry leaders such as Bear Stearns, Merrill Lynch, and Lehman Brothers have either been acquired or have filed for bankruptcy protection. The demise of these firms and the late 2000s recession have likely ushered in a new era in which the creation of innovative but risky financial instruments will be replaced by more traditional banking services. The new environment also means more industry oversight by the federal government, which had to step in and bail out dozens of financial services firms with billions of dollars of taxpayers' money. To read the full description, subscribe now.
    Top Scottrade, Inc. Competitors
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