News, Vision and Voice for
the Advisory Community
advertisement
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


Robert Moore leaves LPL after steadying the firm.

Robert Moore walks from LPL Financial president role for new gig, but Dan Arnold softens the blow by filling the void
Mark Casady's second-in-command was hired as CFO from a bank early in the 2008 crisis but Arnold is known as entrepreneurial soul who can 'do' corporate

Tuesday 3.3.15
Matt Brinker: It wasn't technically a transaction for various reasons.

How United Capital's unconventional rolling up of a $2 billion RIA reveals how close the roll-up model is to extinction
Joe Duran's Newport Beach firm does cryptic non-transactional acquisition as Focus Financial becomes a tuck-in machine and HighTower sells de facto franchises

Tuesday 3.3.15
Sheryl Garrett poses with DOL's Phyllis Borzi and the Fiduciary Oath from the Committee for the Fiduciary Standard.

How Sheryl Garrett got a hush-hush invitation from President Obama and how she pierced the fog about putting clients first
The Arkansas RIA booked a flight to DC with no explanation to colleagues

Wednesday 2.25.15
President Obama: There are a whole lot of advisors that do put their clients first.

As President Obama takes the gloves off, pro-broker groups throw up 'sledgehammer' response
After a lot of waiting around FSI calls this news 'the real thing'

Tuesday 2.24.15
Vilas Naralakattu: My initial reaction was 'oh crap,' but I got a lot more information and I talked to the folks at Orion, I felt much better.

Orion signs on three $1 billion-plus RIAs on its even-keeled Omaha reputation then rocks its own boat with a sale to Boston firm
Pinnacle Advisory Group, Brouwer & Janachowski, HK Financial Services bought Orion for scaling and nervously accept that it made its own scaling move

Friday 2.20.15
Naureen Hassan's revenue weapons for robo-accounts include one howitzer.

Schwab tells the SEC its robo-advisor has a 30 basis-point fee and big-time cash allocations held by Schwab Bank
The Schwab Intelligent Portfolios ADV says as much as 30% of clients assets are being sent to Schwab Bank

Wednesday 2.18.15
Teri Kallsen: We've got OneSource and we've got the scale to get to market quickly. This will disrupt our competitors. They may try to copy us as we've seen in the past.

Schwab spills robo-beans to Wall Street, including a Schwab Bank wrinkle, cannibalization rates and the algorithm's distaste for OneSource funds
Calling Schwab Intelligent Portfolios a $400-billion opportunity, Walt Bettinger boasts of his own four-minute sign-up

Thursday 2.12.15
Ben Johnson: The bigger risk is to not participate.

An outflow-plagued American Funds holds its ETF fire until it can resolve the vehicle's front-running exposure, which defies a resolution
Edward Jones and other legacy American customers consider ETFs a niche solution to a main portfolio -- lessening the urgency for change

Tuesday 2.10.15
Jeff Colin built his RIA to $5 billion in 10 years with DFA, Goldman Sachs and myCFO all part of the recipe.

AMG is suddenly among the RIA roll-up elite after the Baker Street deal pushes it past $25-billion of AUM
After adding the $5.2-billion San Francisco firm, John Copeland's Florida-based skunkworks is smelling sweet

Thursday 2.5.15
Jason Furman's memo: The proposal allows businesses to continue using existing, conflicted business models but requires that they adopt additional consumers protections such as ensuring advisors follow a best interest standard.

The White House puts its best Obamacare minds behind cleaning up the 401(k) business -- starting by issuing a withering memo
The executive branch's endorsement of the fiduciary rule is based on finding that Americans may have to work for an extra three years because of Wall Street overbilling

Friday 1.30.15
Jim Nesci: If 1% of our customers were turned into wealth management clients, it's a new mechanism to feed a new business.

Why a suburban New Jersey bank and a white-shoe $1.3 billion RIA found love in Morrristown
A lousy lending market is stunting Beacon Trust's revenues; enter The MDE Group with its revenue-rich 200 ultra-wealthy clients

Wednesday 1.28.15
Ric Edelman: Our thought was we'd hire a COO who could turn in a few years into a CEO. We've decided to accelerate that process now.

Wanted: New CEO for Edelman Financial whose name is not Ric Edelman
As Edelman grooms his firm for a sale, the timetable to replace himself at the chief exec spot fast-forwards by years

Friday 1.23.15
Walt Bettinger: We ended 2014 with record client account levels.

Reading between the lines of Schwab's 2014 earnings release to understand investor indifference
Windhaven's results and Schwab Private Client's non-resullts could have investors on edge despite record assets from RIAs

Tuesday 1.20.15
Schwab is hoping Terri Kallsen's stint at USAA will equip her lead the crusade to capture high-end investors.

Schwab promotes relative newcomer Terri Kallsen to head retail, with John Clendening getting the golden parachute and Andy Gill transitioned
The hire from USAA is a nod to that firm's success inspiring loyalty but Kallsen will need to break the streak of short-lived tenures in that position

Friday 1.16.15
John Hyland pictured yesterday at his chemo session: I have every intention of coming out the other end.

How the industry is rallying to help John Hyland as his cancer returns and why the New Jersey advisor seems impervious to fear
The only path to survival for the owner of a $17-billion AUA OSJ is a bone marrow transplant and advisors are getting swabbed to improve his odds of finding an elusive match

Wednesday 1.14.15
Robert Thomas: They knew what they were doing.

Marty Bicknell buys a $1.1 billion RIA that serves the mass affluent, and taps credit for the first time
In buying Vantage with borrowed funds, 'liquidity' per se was not the issue for Mariner Wealth; speed of execution was

Wednesday 1.7.15
Phil Chiricotti: Most people think I am much younger, but those 18-hour workdays have definitely taken their toll.

Phil Chiricotti hangs up his spurs, and puts the CFDD out to pasture
The godfather of the 401(k) business says the glory days of conferences are winding down -- and tells why he chose not to sell the conference

Tuesday 12.30.14
Shirl Penney: The teams we're bringing out next year that we signed this year are really interesting and very large.

Dynasty Financial hits $22 billion of AUA after adding rare-bird Deutsche team
The $6-billion jump in 2014 for the Manhattan-based outsourcer comes four years out of the Shirl Penney garage

Tuesday 12.23.14
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


From the RIABiz Directory »

The Industry Sourcebook for RIAs



Browse All Archives


2015


    March
    February
    January

2014


    December
    November
    October
    September
    August
    July
    June
    May
    April
    March
    February
    January

2013


    December
    November
    October
    September
    August
    July
    June
    May
    April
    March
    February
    January

2012


    December
    November
    October
    September
    August
    July
    June
    May
    April
    March
    February
    January

2011


    December
    November
    October
    September
    August
    July
    June
    May
    April
    March
    February
    January

2010


    December
    November
    October
    September
    August
    July
    June
    May
    April
    March
    February
    January

2009


    December
    November
    October
    September
    August

Most Emailed Stories »

Ron Rhoades: Don’s view reflects a misunderstanding of the breadth of the fiduciary principle.
29 shares
Why I disagree with Don Trone's characterization of Obama's fiduciary stance as 'punitive'

This little piggy went to market forces that made allies out of Twitter foes, Mssrs. Kitces and Stein
15 shares
After famous Twitter feud, Jon Stein and Michael Kitces make up and join forces

Adam Nash: When you start handling large accounts, you start having to deal the problems that come with them.
9 shares
Wealthfront throws engineering at its large-account 'problem'

Naureen Hassan's revenue weapons for robo-accounts include one howitzer.
3 shares
Schwab tells the SEC its robo-advisor has a 30 basis-point fee and big-time cash allocations held by Schwab Bank

Stephen J. Huxley: Only those with very large stashes of cash will be willing to pay for the privilege of depositing their wealth in a bank.
3 shares
Are negative yields for US bonds on the horizon?


Get the RIABiz Today
Email Alert »