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Lisa

Lisa Shidler

Chicagoland Reporter

lisa@riabiz.com
219.988.4653

Lisa has been a reporter for 14 years and has been covering the financial services industry for five years -- she also comes from the world of InvestmentNews. She's been with RIABiz since November 2010.

Lisa is based in the middle of the country on the northwest corner of Indiana, about an hour from Chicago. She's married with two young children – Liz, 7, and Chance, a toddler.

Articles written by Lisa Shidler


Naureen Hassan's departure from Schwab did not necessitate a replacement nor did she take anyone's place at Morgan Stanley -- unless you want to say she replaced Greg Fleming.

What exactly to make of Morgan Stanley poaching Naureen Hassan, robo-talent, from Schwab, right on the heels of Greg Fleming's departure
Sure she brings the Schwab robo playbook -- though only the Reader's Digest version -- but insiders say Jim Rosenthal may have bigger reins for her to take

Thursday 2.4.16
Terri Kallsen oversees Schwab's efforts to more than double its force of FAs.

Terri Kallsen sold 15,469 shares of Schwab stock but did she also sell short her own vision?
Schwab's head of retail dumped more than half her company stock exactly a year after becoming retail chief with bold goals

Monday 2.1.16
Steve Dunlap: One of the things I was always so outspoken about was the engineering was great but the user-interface and the experience was something that could have been better.

Ex-Lockwood CEO Steve Dunlap takes on role at FolioDynamix after being a customer with a bone to pick
With new Actua ownership, Dunlap and capital, FolioDynamix CEO Joseph Mrak says his firm has Envestnet in its sights

Friday 1.29.16
Chieh Huang: At Boxed, we're a technology company at heart, so working with Betterment is a natural fit for us.

Betterment adds 50 firms to its new 401(k) plan -- and IBM and Marcia Wagner connections
Smaller companies with Betterment-ish-sounding names like Earnest Operations ajd Boxed are the early guinea pigs but big dogs are on the robo's 401(k) board of directors

Wednesday 1.27.16
Craig Iskowitz: The market is talking and they see their assets going down. The smaller account sizes are becoming the long tail for the wealth management business.

As OneSource asset levels falter, Schwab slashes no-transaction-fee minimum to invest
The San Francisco-based firm is first to create published minimums and all the Big Three custodians point fingers at recalcitrant asset managers

Friday 1.22.16
Brad Bickham: We gained geography, great partners and another investment strategy.

In a deal made in Schwab land, a $1 billion Boulder RIA buys smaller rival but takes the bolder name of its quarry
Sargent Bickham Lagudis rebrands under $250 million AUM Colorado Financial Management in search for newly prosperous clients

Thursday 1.21.16
Matt Sonnen: I was employee zero at Luminous. I built the firm in the shadows outside of Merrill.

How the mastermind of the Luminous Capital breakaway is parlaying his cloak-and-dagger skills into 'Pure Financial Independence'
With his wife, Larissa, as sidearm, Matt Sonnen seeks to fulfill a niche for a service level between John Furey and Shirl Penney

Tuesday 1.19.16
Peter Intraligi: This is completely open architecture.

How exactly Invesco plans to get a return on its Jemstep robo purchase with a TAMP-evoking strategy
The $800-billion Atlanta money manager is trying a modern model portfolios play on buying distribution for a more prominent seat at the table

Wednesday 1.13.16
Vanguard's arid Scottsdale, Ariz. plant, where most Vanguard advisors are stationed.

Vanguard's virtual RIA adds $10 billion in last six-month period, an acceleration to $1.6 billion per month of net new assets
Does Vanguard's Personal Advisor Services' zoom to $31 billion makes it a the 'single greatest threat' to classic RIAs?

Tuesday 1.12.16
Min Zhang: We think about body-mass index. The questions can feel awkward.

With algorithms and awkward questions, an ex-PIMCO 32-year-old crashes the RIA business
Min Zhang will literally size you up and analyze your life like an actuary with Totum Wealth

Saturday 1.9.16
Joan Khoury: What I'm drawn to here is the ability to create the narrative and the story. This firm isn't as well known but it has good name recognition.

Joan Khoury gets hired as CMO to revive brand of the other Oppenheimer
LPL's ex-marketing chief comes to the long-forgotten wirehouse believing its long history provides grist for a compelling narrative

Tuesday 1.5.16
Bucking industry skepticism, Jon Stein is pitching his robo as a one-stop 401[k] shop for legacy firms.

The 10 biggest RIA moves of 2015 and what conclusions to draw from them
PE dollars, succession angst, women executives seeking same and, of course, the robo sweepstakes spurred these advisor-entrepreneurs to dare and to risk much

Monday 1.4.16
Rob Foregger: We believe is the lion's share of the assets will be won by the incumbents.

NextCapital raises $16 million as its founder goes where Financial Engines' 401(k) robo strategy didn't
Betting giant asset managers will carry the day, recovering co-founder of Personal Capital Rob Foregger seeks firms like Russell Investments, Alliance Bernstein as VC investors and as enterprise clients

Thursday 12.17.15
Sources say that Bill Harris is testing the M&A market to appease directors.

Amid growth slowdown, Personal Capital lists with an investment bank but critics debate if it means 'blood in the water'
Bill Harris has done things his way until now but may hand over control to a giant for a $500 million payday

Friday 12.11.15
Michael Kreps: The DOL is allowing states to set up automatic enrollment for IRAs without triggering ERISA rules. This is setting up an unfair advantages.

401(k) industry howls as DOL lets state governments become DC providers with advantageous exemptions
Multiple employer plans' under states will have economies of scale, fewer rules, while ERISA bars private firms from banding together

Thursday 12.10.15
Paul Reilly: Deutsche Bank is to continue providing the Alex. Brown advisors continued access to syndicates from Deutsche Bank's equity research and a high array of high-net-worth services for many years.

What to make of Raymond James putting 'Alex. Brown' back into business and what to make of the $420 million it's spending to make it happen
Raymond James could get the hallowed brand and 200 advisors with $50 billion in advised assets for a nominal price but it'll also be pumping Deutsche products through the AB unit

Friday 12.4.15
Jed Horowitz: The guy who founded the publication is in jail but others are trying to put the pieces together.

How two well regarded biz-industry journos are rethinking post-Parish AdvisorHUB
Jed Horowitz and Mason Braswell see potential despite unusual circumstances

Thursday 12.3.15
Andrei Cherny: I think [UBS execs] really understand that part of the reason Aspiration has seen the type of growth we've seen is because we do things very differently.

Aspiration's jump to $11 million of AUM attracts $15.5 million of VC capital from investors who include Addepar's founder
Other head-scratchers from the LA-based robo include its sweet 1% checking account and its tithing of assets

Monday 11.30.15
Tom Gooley: We're setting up specialized queues for death, divorce and retirement.

LPL Financial undertakes painstaking overhaul of service spurred by capacity overwhelm and RIA demand for Schwab-style pods
In addition to aggressive hiring, training and creating 'queues,' Tom Gooley and Tim Hodge are tackling the big one -- service culture

Tuesday 11.24.15
David Perkins: I've got people coming to work with a smile on their face again and they've got that swagger back.

After selling Hatteras Funds for $40 million last year, the original owner buys it back from scandal-torn RCS for $5.5 million
The 48-employee liquid alts firm just lost its giant distribution arm but manages to keep $1.8 billion of managed assets

Monday 11.23.15
Matt Bayley: They needed to have kept proper records and explained themselves in those records.

Will the alternative assets Intel added to its 401(k) plan backfire legally as well as financially?
New lawsuit alleges that spicing the DC plans with $2.5 billion of bets on de facto dark pools of 'shudder'-worthy alternatives cost participants hundreds of millions of dollars

Thursday 11.12.15
Sallie Krawcheck:  If not me and my team, then who?

'Bristling' at 'pink-it-and-shrink-it' pitfalls, Sallie Krawcheck files an ADV
Ex-Merrill Lynch chief's Ellevest will charge double the Betterment rate but with hopes of better investing for women

Monday 11.9.15
Rick Meigs:  We need Schwab in the marketplace and this is a very positive move for Schwab.

RIAs stay the course in holding Schwab to its promise of an RIA-in-charge 401(k) plan with a promising result
Only when RIAs proved they'd only take 'yes' for an answer on open architecture and themselves installed as fiduciaries did their San Francisco-based custodian yield with just a minor Morningstar contingency

Tuesday 11.3.15
Mark Casady: That is an extreme. I don't see that happening, but that is kind of the range of the thinking.

LPL CEO floats orphaning 3% of its brokerage business in prelude to DOL 'travesty'
Mark Casady says he may lop off brokerage accounts of $15,000, citing looming rule changes

Friday 10.30.15
David Blanchett: You may need significantly less of an annuity.

Morningstar report suggests jiu-jitsu tactic for buying annuities: Game them right back by waiting
Seniors who pick their moment can save as much as 50% with patience as the key strategy

Thursday 10.29.15
Walt Bettinger: We saw new enrollments spike as the market fell.

Schwab's robo spikes suddenly to nearer $5 billion as 500 RIAs sign on
San Francisco giant also claims the assets, despite being managed for 'free,' produce better revenues than the self-directed accounts they are cannibalized from

Tuesday 10.27.15
Fidelity seemed to divert from bottom-up growth ethic in putting Pyramis in a secluded, palatial habitat that looks more like PIMCO's.

Abigail Johnson takes Pyramis back to its Fidelity roots after her father tried to create exalted brand
Unknown and unloved, the 'just-a-no-load' unit that failed to capture 401(k) rollovers is reimagined to appeal more 'sophisticated' clients

Monday 10.26.15
Members of the Summit Trail team stayed at their desks through the Lehman crisis earning enduring client loyalty.

Lehman Bros.' binding ties and culture spur another $1B team -- that stayed at their posts as Lehman burned -- to flee Stifel-owned Barclays for RIA
Newly created Summit Trail, with a Shirl factor, allows the Lehman swagger, kinder and gentler, to reassert itself in 2015 after seven years of smoldering

Friday 10.23.15
Ken Fisher finally found the 401(k) business to his liking after Ascensus sliced costs and proprietary funds enabled fat profits.

Capitalizing on 'unintended consequences' of DOL changes, Ken Fisher pounces on a fat-margin 401(k) opportunity
DOL greased the skids for closed-architecture approach of $60-billion RIA -- as long as it is discloses use of proprietary funds and sets flat fees that apply to them

Thursday 10.15.15
Hellman & Friedman managing director Allen Thorpe was onboard during LPL's turbo-growth years.

Why the PE that helped take LPL public now controls Edelman Financial and plans to invest more heavily
Hellman & Friedman has assumed lead-player status from Lee Equity Partners, the latest move in key-man Ric Edelman's uphill quest to make himself obsolete

Monday 10.12.15
Randy Long: I think Schwab's only real interest in the 401(k) space is to capture rollovers.

As Schwab edges closer to letting RIAs in as 401(k) middlemen, leaked details suggest to some that the firm still marginalizes the advisor
Though RIAs technically gain a seat at the Schwab index 401(k) table, they still don't have much say about how assets get invested

Thursday 10.8.15
Emily Gordy: I will be able to have an effective dialogue with FINRA.

Weighed down by nonstop fines, LPL finally buys ounce of prevention by putting ex-FINRA veterans on its payroll
Mark Casady also seats a former assistant attorney general on his board

Tuesday 10.6.15
Philip Paleveev:  We want them to experience what it feels like to run a firm and make decisions

Philip Palaveev and Bob Oros create Hunger Games-style RIA high jinks for Fidelity execs, then release it for wide consumption
The reality TV-Harvard Business School hybrid throws simulated market crashes, personal tragedies and M&A what-ifs at green FAs to test their mettle and groom them for succession

Tuesday 9.29.15
Ken Anderson: We can continue to archive the personal pages but don't have access to those messages.

How Facebook's unfriendly new privacy strictures are edging RIAs into the social media monster's business-page boonies
Third-party data culling and archiving firms like Hearsay and Smarsh are scrambling for workarounds as the data spigot runs dry and new compliance challenges loom

Thursday 9.24.15
Barbara Yastine left Ally Bank CEO role in June after the shares fell below the IPO price.

After pocketing $5.2 million in 2014 comp as Ally Bank CEO, Barbara Yastine joins Lebenthal as Frank Campanale exits
Alexandra Lebenthal takes the co-CEO role of the wealth manager and she intends to woo more female advisors

Monday 9.21.15


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