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Bruce Kelly

Senior Columnist, Independent Broker-Dealers and Wirehouses

Bruce Kellyhttp://www.investmentnews.com/apps/pbcsi.dll/persbilde?Avis=CI&ID=BKELLY&maxw=220&cci_ts=20170925060712

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


Fired Ameriprise broker on the hook for $675,000 after losing arbitration

Sep 22, 2017

Amerprise sued the ex-broker after a client charged that the broker had stolen money from her and Amerprise had failed to tell her the broker had been suspended

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Raymond James' indy arm recruits husband-and-wife adviser team in Houston

Sep 21, 2017

The couple managed more than $170 million in client assets at Morgan Stanley

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With margins crashing, broker-dealers look to merge: report

Sep 21, 2017

Independent B-D deal flow is focused on big transactions, while RIA deals more frequent, Fidelity says

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Odd letter highlights fiduciary concerns in Puerto Rico

Sep 21, 2017

Oriental Financial Services sold the island commonwealth's triple-tax-free bonds, then dismissed a client when it was sued over the risky securities


Adviser files motion to dismiss claim he was involved in fake news about murdered DNC staffer

Sep 19, 2017

Complaint alleges Ed Butowsky and Fox News 'worked in concert under the watchful eye of the White House' to concoct phony story to divert attention from Russian hacking in 2016 presidential campaign


Finra bars former First Allied broker with history of social media miscues

Sep 18, 2017

John Kai had been fired earlier this year for violations of communications policies, outside business activities and borrowing funds from a client, to name a few


Broker-dealers and RIAs at loggerheads over fiduciary rule delay

Sep 15, 2017

Companies and groups weighing in with comment letters have vastly different viewpoints on the delay's potential impact

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SEC warns RIAs about exaggerating investment performance and other misleading advertising practices

Sep 14, 2017

The regulator's Office of Compliance Inspections and Examinations issued a risk alert Thursday about a number of potential violations of advertising rules


Cathay Bank's $507 million retail brokerage business returning to Cetera

Sep 14, 2017

Bank had left Cetera when its parent company, RCS Capital, filed for bankruptcy


It's been a good year for publicly traded brokerage firms — but not all

Sep 13, 2017

Shares of LPL, Raymond James and Ameriprise are among those outperforming their benchmark, while Oppenheimer Holdings is down by double digits

View all stories by Bruce »