Joe Moglia
Encyclopedia
Joe Moglia is the current head football coach of the Omaha Nighthawks
of the United Football League. Moglia is also the current Chairman and former CEO of TD Ameritrade
, the largest online discount brokerage firm in the world in terms of the number of retail online equity trades placed each day.
Moglia earned his bachelor's degree in economics from Fordham University
, his master's degree in secondary education from the University of Delaware
and was a football coach for 16 years, finishing as the defensive coordinator at Dartmouth College
from 1981-1983.
After the 1983 football season ended, Moglia decided to start a second career on Wall Street. Moglia joined a training class at Merrill Lynch
with twenty-four MBA graduates from Stanford and Harvard.
Moglia spent 17 years at Merrill Lynch, where he was a member of the executive committees for both the institutional business and the private client business. Before leaving to take the role of chief executive officer at Ameritrade Holding Corp (now TD Ameritrade) in 2001, he was responsible for all investment products, the insurance company, the 401(k) business and the middle-market business.
In his seven years at TD Ameritrade, Moglia and his executive management team oversaw the company as its client assets grew from $24 billion to over $300 billion, increased its market capitalization from $700 million to $12 billion and produced five consecutive years of record earnings performance. He has also helped the company capitalize on merger and acquisition opportunities, including two of the largest in the discount brokerage industry: Datek Online Holdings in September 2002 and TD Waterhouse
in January 2006.
In March 2008, citing the desire to pursue other interests, Moglia announced he would be vacating the CEO position in the coming fall. A search for his successor took place over the spring and summer. In September 2008, Moglia officially stepped down from his CEO position at TD Ameritrade. Fred Tomczyk, the former COO at TD Bank Financial Group, succeeded him. Not completely leaving the company, Moglia became the new chairman, succeeding J. Joseph Ricketts
. It was the first time in the company's history where no member of the Ricketts family was a member of the management team, outside of the few that remain on the board of directors.
Since stepping down as CEO, Moglia has worked as an unpaid voluntary assistant coach/mentor for the University of Nebraska football team. Moglia has stated that he hopes to coach at the collegiate level.
On November 10, 2010, Moglia was named as the head coach of the new United Football League franchise, the Virginia Destroyers. On January 12, 2011 he was then named President and head coach of the Omaha Nighthawks
. Moglia will coach in TD Ameritrade Park, a stadium that bears the name of a company he still serves on the board for.
He is also the author of two books: The Perimeter Attack Offense and Coach Yourself to Success: Winning the Investment Game.
Omaha Nighthawks
The Omaha Nighthawks are a professional American football team based in Omaha, Nebraska, which plays in the United Football League, joining the league as an expansion team in 2010. For their first season, the Nighthawks played their home games at Johnny Rosenblatt Stadium before moving to TD...
of the United Football League. Moglia is also the current Chairman and former CEO of TD Ameritrade
TD Ameritrade
TD Ameritrade is an American online broker with over 6 million U.S. customers, and many more internationally, that has grown rapidly through acquisition to become the 746th-largest US firm in 2008. TD Ameritrade Holding Corporation is the owner of TD Ameritrade Inc...
, the largest online discount brokerage firm in the world in terms of the number of retail online equity trades placed each day.
Moglia earned his bachelor's degree in economics from Fordham University
Fordham University
Fordham University is a private, nonprofit, coeducational research university in the United States, with three campuses in and around New York City. It was founded by the Roman Catholic Diocese of New York in 1841 as St...
, his master's degree in secondary education from the University of Delaware
University of Delaware
The university is organized into seven colleges:* College of Agriculture and Natural Resources* College of Arts and Sciences* Alfred Lerner College of Business and Economics* College of Earth, Ocean and Environment* College of Education and Human Development...
and was a football coach for 16 years, finishing as the defensive coordinator at Dartmouth College
Dartmouth College
Dartmouth College is a private, Ivy League university in Hanover, New Hampshire, United States. The institution comprises a liberal arts college, Dartmouth Medical School, Thayer School of Engineering, and the Tuck School of Business, as well as 19 graduate programs in the arts and sciences...
from 1981-1983.
After the 1983 football season ended, Moglia decided to start a second career on Wall Street. Moglia joined a training class at Merrill Lynch
Merrill Lynch
Merrill Lynch is the wealth management division of Bank of America. With over 15,000 financial advisors and $2.2 trillion in client assets it is the world's largest brokerage. Formerly known as Merrill Lynch & Co., Inc., prior to 2009 the firm was publicly owned and traded on the New York...
with twenty-four MBA graduates from Stanford and Harvard.
Moglia spent 17 years at Merrill Lynch, where he was a member of the executive committees for both the institutional business and the private client business. Before leaving to take the role of chief executive officer at Ameritrade Holding Corp (now TD Ameritrade) in 2001, he was responsible for all investment products, the insurance company, the 401(k) business and the middle-market business.
In his seven years at TD Ameritrade, Moglia and his executive management team oversaw the company as its client assets grew from $24 billion to over $300 billion, increased its market capitalization from $700 million to $12 billion and produced five consecutive years of record earnings performance. He has also helped the company capitalize on merger and acquisition opportunities, including two of the largest in the discount brokerage industry: Datek Online Holdings in September 2002 and TD Waterhouse
TD Waterhouse
TD Waterhouse is the brand used for both Canadian and British brokerages within the TD Bank Financial Group. It was also formerly used for TD's American brokerage....
in January 2006.
In March 2008, citing the desire to pursue other interests, Moglia announced he would be vacating the CEO position in the coming fall. A search for his successor took place over the spring and summer. In September 2008, Moglia officially stepped down from his CEO position at TD Ameritrade. Fred Tomczyk, the former COO at TD Bank Financial Group, succeeded him. Not completely leaving the company, Moglia became the new chairman, succeeding J. Joseph Ricketts
J. Joseph Ricketts
J. Joseph Ricketts is the founder, former CEO and former chairman of TD Ameritrade, one of the largest online discount brokerages in the world, based in Omaha, Nebraska...
. It was the first time in the company's history where no member of the Ricketts family was a member of the management team, outside of the few that remain on the board of directors.
Since stepping down as CEO, Moglia has worked as an unpaid voluntary assistant coach/mentor for the University of Nebraska football team. Moglia has stated that he hopes to coach at the collegiate level.
On November 10, 2010, Moglia was named as the head coach of the new United Football League franchise, the Virginia Destroyers. On January 12, 2011 he was then named President and head coach of the Omaha Nighthawks
Omaha Nighthawks
The Omaha Nighthawks are a professional American football team based in Omaha, Nebraska, which plays in the United Football League, joining the league as an expansion team in 2010. For their first season, the Nighthawks played their home games at Johnny Rosenblatt Stadium before moving to TD...
. Moglia will coach in TD Ameritrade Park, a stadium that bears the name of a company he still serves on the board for.
He is also the author of two books: The Perimeter Attack Offense and Coach Yourself to Success: Winning the Investment Game.