Articles written by Lisa Shidler
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Pontera password-sharing business model is a bridge too far for Fidelity; it bans the practice for its 401(k) plans in blow to the fintech's future
The $4.5-trillion recordkeeper cites data security as the immediate concern but it also cites a clash between unauthorized, unidentified third-party advisors executing trades -- without plan sponsor oversight
September 24, 2024 at 2:15 AM
Two 27-year-olds raise $3.6 million to mine 'real-time,' high-net-worth RIA leads, with AI doing double duty to wire client-advisor chemistry
Farbod Nowzad and Eshan Govil, who co-founded Cashmere, start by mining life events as they are happening then take steps not to squander good timing
September 13, 2024 at 3:30 AM
Vanguard is finally flavoring its 'vanilla' robo-RIA with 99.7% lower minimum, a 25 basis-point 'active' version -- and 'personalized coaching,' albeit provided by a robot
The new Malvern, Pa., CEO gets a new toy -- a killer $330-billion RIA unit with a Robo arm -- that was not in his arsenal during his BlackRock days.
September 10, 2024 at 1:48 AM
Kansas judge shoots down female employee who sued Edelman Financial Engines, calling her gender, race bias and hostile workplace allegations flimsy 'innuendo'
Judge Holly Teeter said Maria Woods didn't connect her alleged mistreatment to her sex or race, and tossed charges against the mega-RIA.
August 28, 2024 at 3:02 AM
Reddit and weep; Fidelity soars 68% in social media interactions, after embracing TikTok and other media, but sticks with the traditional output on Facebook and LinkedIn
The Boston giant' is getting past the old LinkedIn, Facebook paradigm, adopting a more casual tone and using third-party media for 'service.'
August 27, 2024 at 2:05 AM
Capitalize inks 'deep, multi-year' deals with Schwab, Betterment and Robinhood to mine 401(k) assets, and $19 million VC round follows
The New York City 401(k)-rollover startup is using 'Plaid' style APIs startups to unlock $1.65 trillion in all-but-forgotten401(k) assets
August 23, 2024 at 4:25 AM
TradePMR brings on four more ex-TDA Apex executives -- not least Marcel Tsai -- to strengthen Jon Patullo's hand in making 'Fusion' a worthy Veo 2.0
TradePMR is continuing its Dark Horse play to exploit the TD Ameritrade RIA niche with a foot-in-the-door strategy with big, profitable RIAs seeking to multi-custody outside Schwab Advisor Services
August 20, 2024 at 4:08 PM
Altruist drops news on former SSG RIAs -- they must leave Pershing by November for Altruist or third-party custody, catching many by surprise
The Culver City, Calif. custodian called a town hall after negotiations with Pershing fell flat and gamely admits this was not the 'original intent'
August 7, 2024 at 4:45 AM
LPL CEO calls out big RIAs that flunk 'core principles' and cuts ties with Merit Financial, which revealed fresh disclosures in it's June ADV regarding Fidelity as custodian
Dan Arnold derided the idea of 'captive' advisors; analysts still call the break-up a 'headscratcher'
August 2, 2024 at 12:53 AM
Dynasty Financial rushes to boost internal goals after it grew 47% post-IPO withdrawal, and promotes ex-RayJay exec to CTO to engineer a big get-off-that-laptop deliverable
Leslie Dentinger Norman -- more of an RIA process expert than a coding wonk -- is ready to dial in the big Dynasty deliverable, a judicious admixture of bundles, unbundles and data usage based on firm needs
July 26, 2024 at 12:52 AM
Wall Street hammers Charles Schwab Corp. shares and blasts management 'execution' after Tuesday's surprise unveiling of budding mega-outsource deal with its biggest shareholder, TD Bank
The Westlake, Texas giant's shares fell 5.4% today after plummeting 10% yesterday; analyst see the bank's risk retreat as a concession the March 2023 interest rate crisis has done 'permanent' damage.
July 18, 2024 at 1:43 AM
Farther exhales then reveals that it has poached 10 advisors from Goldman Sachs since September, not without trepidation about poking the squid
The VC-backed RIA stared down legal perils to grab United Capital defectors but is now in 'good shape,' its CEO says, revealing that it grabbed 32 advisors in the past three quarters bringing it to $3 billion AUM
July 12, 2024 at 10:22 PM
Ten years into a pilot, State Street finally joins BlackRock and promises an annuity baked into 401(k) funds as post-80 longevity insurance
State Street is still working on finishing touches but is building on its momentum after leaping from seventh to third in retirement asset management
June 27, 2024 at 1:25 AM
Sheryl Garrett, a financial planning pioneer, sells her planning network, after tragedy and soul-searching; members buying her out will preserve her legacy and open firm to managers
Members are broadening the business model, with her blessing; Garrett will attend annual conferences and focus on raising fruits and vegetables on her Arkansas farm
June 21, 2024 at 3:46 AM
The upper RIA echelon mass-exit is now at 25 execs and counting -- for 25 'reasons' -- but it's hardly a coincidence, analysts say
Burnout and EBITDA weigh on CEO-types as never-ending exits claim Ron Carson, Aaron Klein, Bernie Clark, Rudy Adolf, Bill Crager and Tim Buckley.
