[9] After the Olympics, he became a partner of Dick & Merle Smith, an investment brokerage firm in New York City that was created as part of the break-up of Roosevelt & Son due to the passage of the Glass–Steagall Act in 1934.
He also served as a trustee of the Union Square Savings Bank and was a director of Fundamental Investors, Inc., also in New York.
[17][18] Roosevelt married second to Margaret Fay Schantz, who was also divorced, from Donald William Scholle,[19] in 1957.
[20] She was the daughter of Dr. Charles W. Schantz and was an alumna of the Masters School in Dobbs Ferry, New York.
[23] Roosevelt died of liver cancer on March 27, 1986, at Glen Cove Hospital in Manhasset, New York, not far from his home in Oyster Bay.