Joe Moglia
Joe Moglia | |
|---|---|
| Born | April 1, 1949 |
| Occupation(s) | Entrepreneur, football coach |
| Known for | CEO of TD Ameritrade; head football coach at Coastal Carolina University |
Joseph Hugh Moglia (born April 1, 1949) is a prominent American entrepreneur and former football coach. He directed the football program at Coastal Carolina University between 2012 and 2016, returning in 2018 after a medical hiatus in 2017. Throughout his tenure, Moglia guided the Coastal Carolina Chanticleers through their move from NCAA Division I FCS to FBS, achieving a cumulative record of 56–22 over six seasons.
Moglia previously held the positions of chairman and CEO at TD Ameritrade. He is the author of two publications: The Perimeter Attack Offense and Coach Yourself to Success: Winning the Investment Game.
Early career
Moglia completed his secondary education at Fordham Preparatory School and obtained a bachelor's degree in economics from Fordham University, followed by a master's degree in secondary education from the University of Delaware. His coaching career spanned 16 years, culminating as defensive coordinator at Dartmouth College from 1981 to 1983. After the conclusion of the 1983 football season, he shifted his focus to finance by joining Merrill Lynch's MBA training program as its sole participant without an MBA degree.
Business career
During a 17-year period at Merrill Lynch, Moglia contributed as a member of executive committees overseeing both institutional and private client sectors. Prior to assuming the CEO role at Ameritrade Holding Corp (now TD Ameritrade) in 2001, he managed areas including investment products, insurance services, the 401(k) segment, and middle-market operations.
Over his seven-year leadership at TD Ameritrade, Moglia and his executive team expanded client assets from $24 billion to beyond $300 billion, elevated market capitalization from $700 million to $12 billion, and achieved five straight years of record-breaking earnings. He also spearheaded significant acquisitions such as Datek Online Holdings in 2002 and TD Waterhouse in 2006.
In March 2008, Moglia declared his intention to resign as CEO to explore other ventures. His departure from the CEO position became official in September 2008 when Fred Tomczyk, previously COO of TD Bank Financial Group, succeeded him. Moglia then assumed the chairman role, marking the first occasion without any Ricketts family members in management roles, although some continued as independent board members. He stepped down as chairman toward the end of 2020 following TD Ameritrade’s merger with Charles Schwab Corporation.
In 2012, Moglia co-established Fundamental Global Investors alongside Kyle Cerminara and has held the chairman position since its inception. In July 2020, they introduced FG New America Acquisition Corp, a special purpose acquisition company (SPAC), with Moglia serving as chairman and partner.
Return to coaching
Following his resignation as CEO, Moglia acted as executive advisor to the head football coach at the University of Nebraska–Lincoln under Bo Pelini. On November 10, 2010, he was appointed head coach of the new franchise in the United Football League, the Virginia Destroyers, and on January 12, 2011, took on dual roles as president and head coach of the Omaha Nighthawks, playing home games at TD Ameritrade Park Omaha.
As financial challenges beset the UFL, Moglia accepted the head coaching position at Coastal Carolina on December 20, 2011, succeeding David Bennett. In his inaugural season, he led Coastal Carolina to capture the 2012 Big South Conference Championship and earned Big South Coach of the Year honors. Following the conclusion of the 2015 season, the program transitioned into FBS competition by joining the Sun Belt Conference for non-football sports in 2016 and for football in 2017 during their final transition phase; during this period they were not eligible for bowl games or conference championships. Moglia commenced medical leave on July 28, 2017, resuming full-time coaching duties on January 5, 2018. Meanwhile, Jamey Chadwell, who was appointed offensive coordinator in January 2017, served as interim head coach throughout Moglia’s absence.
Retirement from coaching
On January 18, 2019, Moglia declared his decision to resign as head coach of the Coastal Carolina Chanticleers football program, passing leadership to offensive coordinator and interim head coach Jamey Chadwell. Despite having a contract valid until 2021, Moglia explained that stepping down was in the best interest of the team.
On September 7, 2021, Moglia contributed a substantial financial donation to Coastal Carolina University aimed at launching design efforts for a $15 million indoor football training facility and enhancing existing football infrastructure, including plans for a new south end zone development. Additionally, his gift helps finalize funding for a $5 million soccer stadium serving both men’s and women’s teams. The university revealed that an upcoming academic and athletic building will bear the name The Joe Moglia Center.
At the homecoming event held on October 7, 2023, at his alma mater, Jack Coffey Field was officially renamed Joe Moglia Stadium.
United Football League
| Team | Year | Regular season | Postseason | |||||||
|---|---|---|---|---|---|---|---|---|---|---|
| Won | Lost | Ties | Win % | Finish | Won | Lost | Win % | Result | ||
| OMA | 2011 | 1 | 3 | 0 | .250 | 3rd | 0 | 1 | .000 | 4th |
| OMA total | 1 | 3 | 0 | .250 | 0 | 1 | .000 | |||
| Total | 1 | 3 | 0 | .250 | 0 | 1 | .000 | |||
