Business

Jerry Riedl, founder of Riedl First Securities, dies at 75

Jerry Riedl, who founded Riedl First Securities, died Friday. He was 75.
Jerry Riedl, who founded Riedl First Securities, died Friday. He was 75. Eagle file photo

Even though Jerry Riedl was well into his 70s, he was still putting in three to four days a week at the full service brokerage firm he founded nearly 24 years ago.

Mr. Riedl, founder and majority owner of Riedl First Securities, died Jan. 2 after a brief illness. He was 75.

Mr. Riedl, who was born in McPherson and graduated from Wichita State University with a bachelor’s degree in business administration in 1963, started in the brokerage business in 1965 with the former Kansas City-based B.C. Christopher brokerage, where he remained until 1980.

From there, Mr. Riedl went on to work for R.G. Dickinson as an underwriter and market trader of municipal bonds. When Dickinson was sold to another firm in 1990, he bought its Wichita office and named it Riedl & Co. Four years later he bought First Securities, and in 1999 merged Riedl and First Securities.

The company offers stocks, bonds and mutual funds, and employs seven at its offices at 1841 N. Rock Road.

Caesar Naftzger, president of the company, joined the firm in 2001 as an underwriter, and said Mr. Riedl raised him in the business.

“He was a great teacher,” Naftzger said, adding that Mr. Riedl had considerable patience.

“We’ll continue the legacy he started,” Naftzger said.

Mr. Riedl continued to be actively involved in the business up until a few weeks ago, said his daughter, Juliette Christensen.

“He wasn’t even partially retired,” she said.

Mr. Reidl’s firm was involved in the underwriting of early bond issues for continuing care retirement community projects including Larksfield Place and Presbyterian Manors, as well as bond issues for municipalities, hospitals and manufacturing firms.

He was behind several endowments, including the Jerry Riedl/Jim Mann Endowed Scholarship at WSU and the Chaplain Kapaun Jesuit High School Alumni Memorial Endowment, which was created to assist parents of children attending Kapaun Mount Carmel High School with the payment of various fees. Mr. Riedl was a 1959 graduate of the high school.

Survivors include Mr. Riedl’s wife, Yvonne, daughters Elisa Bowen and Juliette Christensen, and two grandchildren.

A rosary is planned for 7 p.m. Thursday, and a Mass at 10 a.m. Friday, both at St. Anthony Catholic Church, 258 N. Ohio.

Reach Jerry Siebenmark at 316-268-6576 or jsiebenmark@wichitaeagle.com. Follow him on Twitter: @jsiebenmark.

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