Joe Moglia

Early career

Moglia attended Fordham Preparatory School in the Bronx from 1963 to 1967. He earned his bachelor's degree in economics from Fordham University and his master's degree in secondary education from the University of Delaware. He was a football coach for 16 years, finishing as the defensive coordinator at Dartmouth College from 1981 to 1983, leaving Lafayette College although then new head coach Bill Russo had asked him to stay on after HC Neil Putnam was let go in November 1980 following a 3–7 mark that season. Putnam's DC Joe Sarra was retained by Coach Russo who was hired December 1980.

After the 1983 football season ended, Moglia decided to start a second career on Wall Street. Moglia joined the Merrill Lynch MBA training program. There were twenty-six trainees, twenty-five MBA graduates and one football coach.

Business career

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 as independent directors on the board of directors. Moglia resigned as Chairman of TD Ameritrade in late 2020 when the merger with Charles Schwab Corporation was announced.

Moglia founded Fundamental Global Investors in 2012 alongside Kyle Cerminara, and has been chairman to date. In July 2020, the pair co-founded a special purpose acquisition company, FG New America Acquisition Corp, where Moglia is chairman and a partner.