Scottrade Investment Management, Inc. (Saint Louis)

Name: Scottrade Investment Management, Inc.
Address: 700 Maryville Centre Drive, Saint Louis, MO, 63141
Telephone: 314-965-1555

Scottrade Investment Management, Inc. is a large advisory firm based in Saint Louis. It manages $2.3 billion of regulatory assets for 20,396 client accounts. It has been registered with the SEC as an adviser since 2014 and has operated in the jurisdictions of Alabama, Alaska, Arizona, and 48 other states.

Scottrade Investment Management provides portfolio management for individuals and small businesses and advisor access by scottrade investment management referral program. It doesn't provide financial planning services to its clients. On top of advisory services, the firm doesn't engage in other business activities.

Scottrade Investment Management: assets under management

The assets under management (AUM) of Scottrade Investment Management, Inc. is $2.3 billion, all of which is managed in discretionary accounts. The firm's AUM has grown by 26142% since the beginning of its operation, and the company doesn't manage any assets belonging to foreign clients.

The firm manages $2.3 billion in discretionary accounts. On average, the discretionary accounts where all decisions are made on behalf of the client hold $112.8 thousand each.

Investments

The firm invests in exchange traded securities the most. They account for 100% of the total AUM.

Fees & Commissions

The advisory firm has a single stream of revenue. Clients pay Scottrade Investment Management, Inc. for their services and products based on a percentage of assets under management. Compensation based on assets under management promotes a long-term relationship between a client and the adviser and helps align mutual interests. These fees don’t include brokerage commissions, interest, taxes, and other account expenses.

What kind of clients Erik W Merkau serves?

The firm provides services to individuals and high net worth individuals. The largest group of clients of Erik W Merkau is individuals with 13,050 clients and $1.56 billion of assets under management. Among the 6 most similar advisory firms, Scottrade Investment Management has the highest percentage of individuals out of all clients.

The amount of regulatory assets under management is $2.3 billion for 17,100 clients that can include trusts, estates, and 401(k) plans and IRAs of individuals and their family members. None of the firm’s clients are foreign persons or businesses.

Scottrade Investment Management doesn't advise any private funds.

Careers at Scottrade Investment Management, Inc.

The company employs 300 people that are either part- or full-time employees. 63 percent of the employees work as investment advisers or researchers. 300 employees are registered as investment adviser representatives with the state securities authorities.

There’s a single person with the role of looking for and bringing in new clients on behalf of the firm. The firm doesn’t compensate employees in addition to the salary for bringing in new clients. Employees don’t receive compensation from other entities for client referrals.

Erik W Merkau has been acting as President since 1 Oct 2013. Stephen John Boyle joined the executive team most recently as the Chief Financial Officer.

Direct owners and executive officers

Name	Entity	Date acquired	Ownership	Employer ID
James A Brefeld	Treasurer	1 Oct 2013	Other	4796795
Erik W Merkau	President	1 Oct 2013	Other	2176820
Scott Jay Golde	Secretary and general counsel	1 Oct 2013	Other	5516146
Kelly M Zigaitis	Chief compliance officer	1 Oct 2013	Other	5276344
Inc. Scottrade Financial Services	Shareholder	1 Oct 2013	75% - 100%	26-1321992
Kelly Moss Zigaitis	Chief compliance officer	1 Oct 2013	Other	5276344
James A (Mi Only) Brefeld	Treasurer	1 Oct 2013	Other	4796795
Erik Walter Merkau	President	1 Oct 2013	Other	2176820
Matthew George Wilson	Director	1 Oct 2013	Other	3200520
Joseph John Correnti	Director	1 Nov 2014	Other	2347143
Chad Lee Strain	Anti-money laundering compliance officer	1 Jan 2015	Other	2475982
Amy Lea Pauls	Secretary	1 Oct 2015	Other	6241371
Drew Oconnor Dennison	Director	1 Feb 2016	Other	4946550
Jane Frances Wulf	Director	1 Feb 2016	Other	1559547
Peter James Desilva	Director	1 Feb 2016	Other	1740057
Andrew Dwight Martin	Anti money laundering compliance officer	1 May 2016	Other	1629128
Peter James Desilva	Director and president	1 Jun 2016	Other	1740057
Stephen John Boyle	Chief financial officer	1 Sep 2017	Other	6501238
William Thomas Yates	Treasurer	1 Sep 2017	Other	2749545
Gilbert Russell Ott	Secretary	1 Sep 2017	Other	877316
Td Ameritrade Holdings Corp.	Owner	1 Sep 2017	75% - 100%	82-0543156
Matthew Thomas Judge	Vice president	1 Sep 2017	Other	2750534
Shelby Lee Meyer	Vice president	1 Sep 2017	Other	1946799
John Bell	Chief operating officer, president	1 Sep 2017	Other	4403368
David Robert Kimm	Chief risk officer	1 Sep 2017	Other	722941

Indirect Owners

The SEC currently registers 4 indirect owners.

Name	Entity	Date acquired	Ownership	Employer ID
The Rodger O. Riney Family Voting Trust U/A/D 12/31/12	Shareholder	1 Dec 2012	75% - 100%	na
Rodger Odell Riney	Trustee	1 Dec 2012	Other	376936
The Rodger Riney Trust Dtd 8/2/91	Voting certificate	1 Dec 2012	50% - 75%	na
Td Ameritrade Holding Corporation	Parent corporation	1 Sep 2017	75% - 100%	82-0543156

Based in Saint Louis

The principal office where Scottrade Investment Management, Inc. performs its advisory services is located at 700 Maryville Centre Drive, Saint Louis, MO 63141, which is also the mailing address of the firm. An additional office of the firm is in Westminster, CO. It doesn’t run an office outside of the United States.

You can reach the main office by calling the phone number 314-965-1555 or by fax 314-205-2944. The normal business hours are 8:00-5:00 on Monday - Friday. You can find more information about the New York firm at scottradeinvestmentmanagement.com.