Former Scottrade Execs Announce Acquisition of MarketRiders, The Original Robo-Advisor

Former Scottrade executives Jonathan Yao and Kristopher Wallace today announced the acquisition of MarketRiders, the first robo-advisor. Since its inception in 2008, MarketRiders, the pioneering force behind the robo-advisory space, has helped over 15,000 investors (representing $5 billion in assets) create and manage their own investment portfolios. MarketRiders was acquired through its parent company -- Sogo Financial Group, Inc. -- which also owns leading discount broker SogoTrade