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Joe Ricketts

John J.
“Joe” Ricketts started one of the country's first discount
brokerage firms in 1975 with a $12,500 investment. During the
next 25 years — through sound
business practices, technological innovations and
acquisitions — Ricketts assembled
TD Ameritrade into a powerhouse of the financial services
industry.
Ricketts bought out his partners in 1982. His company, then AmeriVest, introduced the first quote and order entry system that used a
touch tone telephone in 1988. He was a pioneer in flat-rate trading,
partnering with Ceres Securities. In 1994 his company became the
first firm to offer securities trading over the internet.
Three years later, Ricketts established eBroker, an internet
brokerage firm.
Later he united all of them together into Ameritrade,
successfully creating one of the country’s largest brokerage
firms.
Because of his work schedule, his wife’s
busy schedule as an Omaha Public Schools teacher, and a growing
family, it took Ricketts nine years before earning a bachelors degree from Creighton University.
While at Creighton, Ricketts worked at Dunn & Bradstreet as a credit
reporter. Upon graduation, he went to work for Dean
Witter but soon left to start his own firm. Though Ricketts
stepped down as chairman in 2008, he will be forever linked with
Ameritrade. In the same year, his company bought the naming
rights to the baseball stadium in downtown Omaha, new home to
the College World Series.
— Steve Bowman
DCHS Intern
Sources:
Vertical Files, Douglas County Historical Society Library
Archives Center
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