Articles written by Lisa Shidler


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Merrill Lynch accepts the slings and arrows of its recruiting pause as it develops compensation plan it knows it can honor

UBS, Wells Fargo, Morgan Stanley and Ameriprise enjoy a bit of a field day as Merrill Lynch works to get right salary-bonus-grid admixture

June 9, 2017 — 8:52 PM UTC

Merrill Lynch's second act for RIA reinvention is revealed but may yield 'field day' for classic RIAs in the short term

The wirehouse's mothballing of mega-bonuses, directed from Charlotte, removes giant impediment to poaching but may lay groundwork for nationwide, talent-nurturing virtual RIA

May 26, 2017 — 7:04 PM UTC

Owner of $1.2 billion RIA dies in Palm Springs under mysterious circumstances after swirl of allegations

One client accused Jim Casey of using her assets, unbeknown, to fund ill-fated movie ventures and his Integrated Wealth Management is being sued for misappropriation and mishandling of pension funds and client assets

May 5, 2017 — 6:45 PM UTC

DFA RIAs remain in turmoil as Schwab and Fidelity ponder matching TD Ameritrade pricing deal and a key couple of basis points

The Austin, Texas-based asset manager says its door is open for negotiation but the two big custodians in San Francisco and Boston remain mum as RIA CEOs are pressing for clarity

May 2, 2017 — 9:32 PM UTC

DFA and TD Ameritrade strike 'strategic' deal with potential to shift RIA custody power axis

Tension in the three-way relationship between Fidelity, Dimensional Fund Advisors and the RIAs who use both vendors creates opening for Tim Hockey

April 24, 2017 — 6:33 PM UTC

TD Ameritrade shocks RIAs most accustomed to its largesse with a letter, a contract and a tight deadline to sign

The Jersey City, N.J.-based custodian tells RIAs to accept new terms on branch referrals or be terminated from the program

April 12, 2017 — 4:08 AM UTC

Scott MacKillop applies shock-and-awe pricing to SMA market to good effect after merely lower fees left RIAs flat

Using a robo out of a yoga studio, First Ascent is using a flat, capped fee to fulfill a founder's vision

March 14, 2017 — 10:47 PM UTC

Jon Stein unleashes elite RIA referral unit as crown jewel of grand Betterment plan to sell virtual fiduciary advice

Robo's CEO names Vanguard, Fidelity and Schwab as market-share targets of his advice offensive across the full spectrum of affluence

January 31, 2017 — 10:11 PM UTC

Cornered by custodial edicts, CONCERT exits RIA business in deal with Arkansas-based white knight

Bill Sowell's first order of business is to keep the advisor crew on board, using as one sop the familiarity of CONCERT's proprietary CRM

September 28, 2016 — 9:18 PM UTC

How Joe Mansueto's CEO hand-off to Kunal Kapoor could be more than a succession play for Morningstar

The Morningstar CEO, 60, still owns 56% of the Chicago data firm's stock and his plan to 'read more books' needs to be examined in that light

September 9, 2016 — 6:30 PM UTC

What to make of Cetera's prolonged CEO murkiness and how the Nicholas Schorsch 'dumpster fire' of bad PR relates to it

RIABiz sources for Friday article stand by contention that Larry Roth will make way for Robert Moore at CEO -- precipitating de facto gag order on 9,000 IBD reps

August 31, 2016 — 10:23 PM UTC

Sources: Larry Roth is out at Cetera, supplanted by ex-LPL president, Robert Moore

A column co-written by Roth and Moore earlier this month hinted to some that Cetera's newly rechristened parent firm is still actively engaged in refurbishing its image

August 26, 2016 — 6:06 PM UTC

Betterment wins Uber account from under the nose of its Silicon Valley robo-rivals

The New York robo-advisor won the mega de facto pension plan of the San Francisco-based hail-a-ride app maker

August 24, 2016 — 1:05 PM UTC

After Vanguard gains $550-billion ETF lead, Fidelity makes 'rabbit out of the hat' play to regain ground

But even as Boston execs attempt magic, Vanguard makes almost simultaneous ETF move that requires no lagomorphs

August 22, 2016 — 10:54 PM UTC

How Tiedemann and Presidio did a no-cash merger of their $4.9 billion and $4 billion RIAs -- and their disarming honesty about jitters

A restructuring by Presidio's stricken CEO's deputy paved the way for a 'non-threatening' union in which all principals keep their equity

August 16, 2016 — 9:05 PM UTC