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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


Margaret Towle's dalliance with non-national brands is over.

After leaving Northern Trust and later joining HighTower, Margaret Towle departs, cools her heels and lands at Merrill Lynch
The unusual instance may validate Wall Street's insistence that some advisors belong in their camp

Thursday 12.18.14
Kenton Shirk: Five years ago when they talked to a wirehouse advisor they'd mention independence and it would warrant a chuckle.

Cerulli's new numbers buttress the RIAs-supplant-brokers theorem with 40% market share jump seen by 2018
Wirehouses will lose 5% of their towering market share in the next four years, the report says, but not all experts agree

Thursday 12.18.14
Shirl Penney [l.] listens to Bernie Clark (far r.) response as Mike Durbin and Mark Tibergien listen in.

Schwab, Fidelity and Pershing custody chiefs square off in Vegas but not before a private meeting in San Francisco
Fresh off a Schwab-hosted meeting to find common ground, Bernie Clark, Mike Durbin and Mark Tibergien each gave a two-minute pitch on their company and hashed out robo-advisors

Thursday 12.11.14
Mark Cuban [with Christopher Cox]: You don't know what it's like to fight the SEC until you walk into an arena and they're chanting 'insider trading.'

Persecuted Mark Cuban prosecutes the SEC and wins some mea culpas from Christopher Cox
Many RIAs say the riveting conversation between Mark Cuban and Chris Cox was perhaps the best event session ever

Wednesday 12.10.14
Tony Robbins was given one hour, demanded two hours then performed for three.

Tony Robbins walks past the close a bit but nonetheless delivers at MarketCounsel
Despite detaining for three hours the just-arrived-in-Las Vegas crowd way past feeding time, Robbins won hearts, if not heads

Tuesday 12.9.14
Gib Watson: A lot of these challenges revolve around fragmented data.

Envestnet turns its guns on the 401(k) business
With a 57% stake in a new venture, the Chicago SMA supermarketer tackles a second TAMP gusher

Tuesday 12.9.14
Craig Pearson: It's us against Addepar and they're well-funded but we have a long track record of success and that helps.

How an under-the-radar UHNW performance reporting firm is taking on Addepar and Advent in a bid for RIA bucks
WealthTouch, which manages $200 billion for 300 clients, some with Goldman Sachs, JPMorgan or Credit Suisse,is bulking up by merging with a mass-market-oriented firm and eschewing big PE cash to get ahead

Wednesday 12.3.14
Tony Robbins: I found out about HighTower and the only concern is they only deal with ultra-high-net worth people.

How Tony Robbins co-opted Elliot Weissbluth (and HighTower data) and vice-versa
A co-venture half-detailed by this unlikely couple of Type A-plus go-getters may set the stage for a wider collaboration -- perhaps a co-robo

Tuesday 11.25.14
Alex Goss (l.) and his dad Jerry Goss: Our goal is to make the move for advisors no different than moving to another wirehouse except they'll own 100% of the business.

How LPL used its RIA love and long OSJ leash to lure Wells Fargo's $550-million FiNet team in Louisiana
The giant IBD showed its RIA side and its ability to oversee the launching of an OSJ model

Wednesday 11.19.14
Alex Murguia rolled up his sleeves after the product fit wasn't quite right initially.

Why a $25 billion RIA just went with Alex Murguia's startup's financial planning software
The Buckingham Companies chose inStream to overcome the 'dead' plan problem

Tuesday 11.18.14
Jania Stout: Our approach involves working closely with not only our plan sponsor clients, but with plan participants as well.

HighTower adds two battle-hardened T. Rowe generals to the 401(k) field
The Chicago-based roll-up is angling for retirement rollover dollars but observers question how determined it is to become a serious player in the lurcrative sector

Friday 11.7.14
 Brad Matthews: It was important if we were going to do something like this, [that] we worked with one of the leading firms.

Peter Mallouk buys a stake in Trizic
Barron's No. 1 advisor is likely to have his $12-billion RIA, Creative Planning, become a Trizic client

Thursday 11.6.14
Bob Reynolds: Empower was clearly the one the first time we heard it.

The second-largest 401(k) provider drops 'Great-West' for 'Empower'
The name chosen for the second-largest retirement firm hits a mark but may face the challenge of seeming jargony

Thursday 10.30.14
Lou Harvey: It does mean that annuity sales will no longer be a 'caveat emptor' type of transaction.

'Paradigm shift' in 401(k) flows opens the DOL door for annuities in 401(k) plans and RIAs are split
In the wake of DOL and Treasury rulings, some fiduciaries, certainly not all, seem willing to give the oft-reviled instruments a chance

Tuesday 10.28.14
Stephen Brown: The 'big box' firms -- Morgan and Wells -- couldn't get their heads around the U-5 language.

The backstory of how a Merrill UHNW team found love in the time of U-5 -- but not with an RIA
Recruiters are still a little baffled as to why the $2.5-billion firm skipped a chance to go independent with a 'compelling story' but chose the comfort of the familiar business model -- and an office of their own

Thursday 10.23.14
David Stofer: At SageView I had to sell and service clients....I want to be a consultant.

How Mariner Holdings is angling to become a $3-billion 401(k) company overnight by co-opting a local SageView office
The $40-billion RIA/asset manager plans to combine $2 billion from Randy Long's RIA to $1 billion of existing 401(k) assets

Tuesday 10.21.14
Walt Bettinger: Against a backdrop of heightened market volatility during the quarter, we saw increased utilization of the help and advice available through Schwab.

Top 7 RIA takeaways, including some ouches, from Charles Schwab's earnings commentary
Windhaven's reverses are official, Schwab is minting advisors at its 'Wealth Academy' and the ETF 401(k) plan found just one taker but Schwab's asset growth is stellar

Friday 10.17.14
Tom Lewis: That's how things are in a community like Rochester, where successful people know each other and all socialize.

After Merrill Lynch allegedly 'crippled' their careers, two advisors are prepping a big counterstroke, lawyer says
FINRA may decide whether the wirehouse pulled the trigger too whimsically on its PBIG stars

Tuesday 10.14.14
Brian Jacobs: It's a substantial portion of our management fee. It's not coming out of clients' pockets. There's no cost to the clients. They're getting a good deal.

Why ETF sponsors are ponying up big fees to get on Schwab's ETF OneSource in a bid for access to ticket-averse RIAs
Direxion hands over much of its management fee to Schwab, its CEO says, but the rewards are worth the sacrifice

Thursday 10.9.14
Josh Brown: We know the alternatives and we don't like them and we're really happy we have a suggestion.

Josh Brown and Barry Ritholtz, masters of the financial Twitter/blogging universe, launch a robo effort to monetize their followers
The pair's modest RIA and immodest following could come catch fire with Upside as a partner

Monday 10.6.14
Paramus, NJ office building that Dragotta and his team of 30 advisors will soon occupy.

How a hybrid RIA with nearly $2 billion in assets claimed a 10,000 square-foot Smith Barney redoubt
Queasy about wirehouse practices, Rich Dragotta broke away to LPL 11 years ago but missed the old brass, glass, mahogany bullpen

Thursday 10.2.14
Cathy Curtis: I won't follow Bill Gross to Janus.

How RIAs are managing the Bill Gross problem -- from firing his old PIMCO fund, to detailed letters to clients to taking a good look at Janus
Like all matters related to advice, advisors are determined to be decisive and articulate to clients

Wednesday 10.1.14
Richard Weil has now completed the PIMCO trifecta with the Bill Gross hire.

How Janus CEO Richard Weil's Bill Gross hire completes the PIMCO-ization of the Denver equity shop
The Denver-based fund company now has its chairman, CEO and star manager seats filled by PIMCO alums

Wednesday 10.1.14
Eric Jacobsen: The fund's bronze Morningstar analyst rating reflects [our] high level of confidence in PIMCO's resources and overall abilities but also the uncertainty as to exactly how all thee parts will mesh in the wake of Gross's departure.

With kid gloves and after great patience, Morningstar yanks gold-level rating on PIMCO Total Return Fund and predicts possible exit of 'tens of billions' in assets
The Chicago fund tracker says the cut to the bronze level suggests positivity but lack of

Tuesday 9.30.14
Bill Dwyer: When I met Nick it reminded me of a similar presence ...(Todd Robinson). Lightning strikes twice.

What exactly enticed Bill Dwyer out of retirement to work on the other side
The former LPL leader takes a spot vacated by Larry Roth at RCS Capital that involves selling to advisors

Thursday 9.25.14
Jeff Ramseyer: My joining Addepar signals the company's successful growth trajectory, not a shift in strategy.

Addepar hires in the direction of revenues -- and maybe even an IPO
The mature start-up adds an ex-Advent sales chief a year after hiring a CFO with a nose for initial public offerings

Tuesday 9.23.14
Adam Nash [with Andy Rachleff]: Wealthfront automatically ensures that every withdrawal minimizes the taxes owed and keeps your portfolio balanced.

Wealthfront's advice is now an employee benefit for Google employees' non-401(k) savings
Employees at the search giant with less than $100,000 get their balances managed for free -- as do employees of the San Francisco 49ers and Palantir

Tuesday 9.23.14
Joe Mrak: Envestnet tried to get more into our market and we're going to go right after them.

Philly buyer lays down a cool $199 million in cash to buy FolioDynamix, the better to put Envestnet firmly in its sights
The 'it' factor of the 2007 start-up was its revamped Sungard orphan software with LPL, Pershing and Cetera as anchors

Wednesday 9.17.14
J. Fielding Miller: We were talking a big game, and he wanted to see results.

How uncomfortable questions from prospects led a 'small' $12-billion 401(k) advisory RIA to finally say yes after eight years of rebuking overtures from a $120-billion AUA RIA
With the purchase of DCAdvisors, CAPTRUST emerges as a bigfoot player in a consolidation-bound industry

Tuesday 9.16.14
Ed Murphy: It hasn't led to a pause on the part of our prospects.

Bob Reynolds delegates the Great-West 401(k) business to old Fidelity mate after excruciating three-way choice
Edmund Murphy, kicked upstairs, is dispatched from Boston to Denver and will own the brand decision -- just for starters

Wednesday 9.10.14
Bob Reynolds: We're going to run the businesses together as one company.

Bob Reynolds does 'a lot of testing' to avoid foisting his 'Great West' brand on JP Morgan and Putnam Investments clientele
The chief executive also sees upside opportunities in bringing all three divisions under one banner

Tuesday 9.9.14
Andrew Stoltmann: Schwab has always been the big-eyed doe sitting off on the sidelines.

After Morgan Stanley 'raided' Schwab branch in San Francisco, Schwab fought in FINRA 'court' and lost, but perhaps won on the larger level
The San Francisco-based $2.4-trillion broker still isn't swallowing the loss and sent a clear message that it will battle tirelessly

Thursday 9.4.14
Peter Mallouk: We're laser focused on clients and absolutely not focused on acquisitions and breakaways and trying to merge cultures. I'm not trying to be the most well-known person in the industry.

By outing a reluctant star in Peter Mallouk, Barron's Top 100 advisors list yields a surprise winner -- Leawood, Kansas
Is it the water supply, fate or a bizarre coincidence that Peter Mallouk and Marty Bicknell, Barron's No. 1 and No. 2 advisors for two years running, are based in the same obscure 12,000-household suburb?

Friday 8.29.14
Jay Wells: Fees have become a huge concern. I'm talking to more plans about fiduciary insurance.

Warranties and guarantees come to the 401(k) game but can insurance really put the client first?
Unwilling to stomach new legal exposure, employers -- and their advisors -- are looking to buy protection

Wednesday 8.27.14
Stephanie Bogan is getting a break from airless rooms and fluorescent lighting.

Stephanie Bogan leaves United Capital for Costa Rica
Her former employer characterizes the move as a 'personal decision'

Friday 8.22.14


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