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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


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
Jason Del Col: Our vision of the next-generation of an RIA office is they can service $200 million to $300 million with a support team in Dallas and not a lot of infrastructure.

In calculated gamble, United Capital begins to build, not buy, growth in major cities
Joe Duran will still buy firms but his $10-billion RIA will spin out six snazzy startup offices in the next two years manned by graduates of its own training program

Friday 8.22.14
Bill Hortz: I'm not going to waste anyone's time.

An RIA innovation co-op is born with Fidelity and Pershing among the founding members
Schwab Advisor Services declines comment and TD Ameritrade respectfully declines, citing a full plate of Veo initiatives

Tuesday 8.19.14
Neal Massand: I don't consider us to be hacks.

Why almost nobody seems fazed by an ominous lawsuit hanging fire against Financial Engines
Investors show no panic and lawyers are not seeing what the patent troll is getting at but trouble could lurk

Friday 8.15.14
Mike Alfred: Fidelity's gone from being generous to being assured of being generous.

How exactly Fidelity Investments extracted itself from a legal and HR quagmire and why it'll cost far more than the public $12-million amount
The settlement's small print reveals Fidelity employee may receive additional hundreds of millions of dollars in value over time

Thursday 8.14.14
Frank Campanale: When you find competent private bankers in almost every case they have been successful at bringing business over and growing substantially.

How Frank Campanale's heist, so to speak, of young BNY Mellon Wealth Management stars fits into a bold millennial strategy
The morphed E.F. Hutton venture that is now Lebenthal looks like anything but a retirement home for dusty old brokers from yesteryear

Thursday 8.7.14
RBC got Ryan Marcus to shake things up. He began to and he's leaving.

Ryan Marcus leaves RBC Advisor Services as clients and recruiters openly speculate that his drive was mismatched with his giant employer's bankerly ways
Despite a string of high-profile departures, RBC's US brokerage subsidiary is determined to keep a hand in the RIA custody business

Wednesday 8.6.14
Jim Hagedorn: We went from $350 million to $1 billion in seven years and most of that wasn't the market. It was mostly new clients.

How a Chicago RIA of PWC origin jumped to $1 billion by lacing its DFA approach with alternative assets
Playing on its base, Chicago Partners just hired a Guggenheim portfolio manager to oversee its first proprietary alt fund to woo ultra-HNW families

Monday 8.4.14
Matt Wilson has replaced Brian Davis as head of Scottrade's custodian and is presiding over its acute strategy shift.

After cutting loose its RIA chief, Scottrade is culling some RIAs and imposing an 'unpublished' $12,000 fee on others
Brian Davis is gone and the St. Louis firm is dealing with an unwelcome P&L effect after open invitations to all RIAs of all sizes produced more expenses than revenues

Friday 8.1.14
Dan Sontag: I met with Rudy Adolf several times ... and I was suitably impressed.

Dan Sontag surfaces as new cog in Focus Financial machine for taking down wirehouse advisors
After laying low for five years, the passed-over Merrill heir apparent will help advise Chis Dupuy in budding 'Connections' program

Thursday 7.31.14
Jeffrey Fratarcangeli is the dream FiNet recruit -- big assets from a big rival.

The perplexing case of Wells Fargo's non-wirehouse advisors: A blueprint for Merrill, UBS and Morgan or a cheap lesson in what not to do
The good news is that FiNet is the fastest growing channel at Wells Fargo; the bad news is that its brand and compliance can be hindrances

Tuesday 7.29.14
Marilyn Mohrman-Gillis: Quite frankly, what we're spending is less than half a percent of all financial services' expenditures.

How the CFP Board is getting its $40 million's worth from its advertising campaign and how it isn't
Unaided recognition of CFP certification jumps about 90% in three years ...assets stemming from that, not so much

Thursday 7.24.14
Rich Gill is bringing his analytical and personal skills to AMG's effort to replicate its asset mangement success on the RIA side.

Why AMG's poach of Rich Gill could be the missing ingredient for its V-8 roll-up engine
Loaded with cash, experience and $11.5 billion of market cap, the North Shore asset manager just downloaded the RIA roll-up app in hiring the Focus Financial veteran

Tuesday 7.22.14
Clayton G. Deutsch: If you know Peter Raimondi, you know we're not going to sit on cruise control.

As Boston Private and Banyan Partners merge, the Big Three roll-ups become the Big Four
Banyan's Peter Raimondi will lead the combined entity that could morph into a fearsome acquirer

Thursday 7.17.14
Kevin Corbett: For me, it was picking my favorite client and spending more time with them.

In two-part deal, Fidelity sacrifices a top talent to its top RIA client then fills the gap with an impressive hire from Schwab
Mariner's Marty Bicknell nabs Kevin Corbett and Fidelity's Bob Oros in turn snaps up Catherine Davies

Wednesday 7.16.14
Talking to Chuck is likely going to cost you a few thousand more.

Schwab Private Client edges its fee closer to the classic RIA standard
Schwab Private Client jacked its price 20% and its minimum fee jumps 60%

Friday 7.4.14
Tim Clark: Half of my new business has been from engaging firms that didn't previously have an advisor -- they literally had nothing.

With plan sponsors 'running blind' on 401k plans, an RIA jumps from $12 billion to $32 billion of AUA and adds a former J.P. Morgan chief
Lockton Retirement Services locks in on 'small' businesses that have no DOL-assuaging fiduciary overseeing DC assets before they walk through the door

Wednesday 7.2.14
Liz Ann Sonders is taking the wheel of Windhaven's investment committee after Cucchiaro's sudden departure.

With Stephen Cucchiaro out, Liz Ann Sonders takes the Windhaven reins
The founder of the once-explosive ETF manager didn't have the same investing magic in the wake of his sale

Friday 6.27.14
Bernie Clark: Nearly 40% of RIA clients are retired, 30% are less than 10 years from retirement and 63% of those retired are withdrawing from portfolios, including from principal.

Framing it as opportunity, Bernie Clark delivers a chilling market warning at EXPLORE about the coming post-baby boom market
The Schwab chief tells 160 RIAs with $200-billion-plus of assets to learn to love and attract a poorer, younger, higher maintenance -- but lower mileage -- client pool

Friday 6.27.14
Russell Kinnel: It's times like this when it's most important to get out and talk to people.

Just what damage was done -- or not -- by Bill Gross ranting in shades
The PIMCO leash is still pretty long, say RIAs, Morningstar analysts and others but the bond king needs to rethink how he manages the media in a hurry

Tuesday 6.24.14
Bill Gross: I'll say, repeat after me: Bill Gross is the kindest, bravest, warmest and most wonderful human being you've ever met in your life. Hopefully that will work. [photo credit: Jim Tweedie]

Bill Gross's stage antics leave Morningstar conference-goers gobsmacked
Wearing sunglasses, comparing himself to Justin Bieber and making his desire to bribe journalists known (albeit in jest) baffled observers

Friday 6.20.14
Dan Arnold: Their strategy is they're a product manufacturer that is amassing distribution to complement that product manufacturing.

How LPL's CFO answered the Cetera question at Morgan Stanley Financial's conference
Dan Arnold wrote off the Schorsch roll-up as PacLife, AIG or Jackson National reincarnated

Monday 6.16.14
Danny Sarch: I don't think this is desperate at all. If you don't have money, then you can't make the deals.

Ameriprise makes its move upmarket by first moving its bonus payouts to Wall Street levels
The Minneapolis-based broker jacks its sticker bid to 150% bonuses of brokers' last 12-months of revenue

Friday 6.13.14
Brian Hamburger: My kids said, 'Dad, he's never going to respond to you.' Within 45 minutes, he responded and said, 'I'm in. Thanks for including me.'

How Brian Hamburger won speaking commitments from Mark Cuban, Sallie Krawcheck and Eliot Spitzer without throwing money at the challenge
The MarketCounsel chief would make Dale Carnegie proud with an old-fashioned approach that proved refreshing to the woo-ees

Thursday 6.12.14
Curtis Reed: For the most part our growth has and will come from advisors outside Nebraska. All of our advisors appreciate the Midwest attitude.

Securities America's RIA/roll-up launch gains ground by pushing back against its parent IBD and poaching an RIA that left it at the altar
Omaha's Arbor Point lured away the founders of a local rival and chafes against its parent firm but estranged advisors still share church pews

Tuesday 6.10.14
Brock Moseley: I think what we're trying to do is more than just sell something.

Schwab snares its first clients for ETF-only 401(k)s as one of its 401(k)-focused RIAs defects to TD Ameritrade
Miracle Mile and Schwab both have their eyes on the same value-proposition prize -- just not with each other anymore

Wednesday 6.4.14
David Butler: We don't talk much about the performance of funds. We talk a lot more about the theory of the investment process.

Cogent rates the top fund wholesalers to RIAs, and all advisors, and the 'sales' units at DFA, PIMCO, BlackRock and Franklin Templeton stand out
Dimensional Fund Advisors and PIMCO deliver some inside scoop without the sales dance to lead the sales-to-RIA pack in gaining netry to inner sanctums

Friday 5.30.14
Allison Couch went home to AIG without much to say about it.

As a second woman executive exits Cetera, a third one gets a bigger title
Allison Couch heads back to AIG and Erinn Ford gets a presidency on the heels of Valerie Brown's departure

Tuesday 5.20.14


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