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Bruce Kelly

Senior Columnist, Independent Broker-Dealers and Wirehouses

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Bruce Kellyhttp://www.investmentnews.com/apps/pbcsi.dll/persbilde?Avis=CI&ID=BKELLY&maxw=220&cci_ts=20171020135206

A former middle school and high school English teacher, Bruce Kelly started at InvestmentNews in 2000 as the brokerage reporter after a two-year stint at sister publication Pensions & Investments. He writes a bi-weekly, award winning column, On Advice, and covers the independent broker-dealer industry.

Recent Articles

LPL Sign

LPL retains $2 billion firm affiliated with NPC

Oct 19, 2017

Deal with California-based Trilogy Financial comes as other big advisory firms have decided to leave

Wells_Fargo

In a turnaround, Wells Fargo Advisors sees slight bump in headcount

Oct 13, 2017

Racked by a scandal in its retail banking unit, Wells still managed to add 37 new advisers in the third quarter, a small number but an improvement nonetheless

Cook

Finra wants to help the small broker-dealer: Cook

Oct 12, 2017

Given the stark decline in the number of brokerages over the past 10 years, the chief regulator is looking for 'steps we can take to create an environment to help small firms be successful'

merger-main

Newbridge Securities to be bought by foreign wealth management firm

Oct 11, 2017

London-based European Wealth Group is acquiring the U.S. independent broker-dealer, which has about 200 reps and advisers

Finra

Finra flags two ex-Ameriprise reps over margin snafus

Oct 10, 2017

Jack McBride allegedly wrote checks to a client to cover margin interest charges, while Stuart Pearl allegedly made unsuitable recommendations

DanHeadshot

Dan Arnold's big gamble at LPL Financial

Oct 7, 2017

The new CEO takes on a huge acquisition and imposes new rules on incoming financial advisers

tape measure_istock_web

Creation of new interval funds outpacing that of nontraded REITs

Oct 6, 2017

With the DOL fiduciary rule hampering sales of high-commission products like nontraded REITs and BDCs, interval funds are getting more attention

Schorsch, Nicholas Bberg 3000x2000

Painful end for advisers who bought RCAP shares

Oct 5, 2017

The fate of Nicholas Schorsch's companies holds lessons for brokers who buy stock in their employers' firms

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Broker-dealer charged fraudulent markups of up to 270% on water disposal deals: Finra

Oct 2, 2017

Sandlapper Securities used a development company that acted as a middleman to rip off investors in saltwater disposal wells, according to the regulator

UBS-main

UBS nabs two wirehouse teams in northern California

Sep 29, 2017

Thomas Melohn joined the firm from Morgan Stanley and Joseph Caselle joined from Merrill Lynch

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