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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=20170817113424

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


Since banking scandal, Wells Fargo advisers with more than $19.2 billion leave firm

Aug 16, 2017

Despite a trying year, the firm has said it will sweeten signing bonuses for veteran advisers


Is LPL's deal sweet enough for NPH's 3,200 reps and advisers?

Aug 16, 2017

They will have to decide if the signing package they are being offered by LPL makes sense. A lot is hanging in the balance.


LPL Financial buys NPH, a broker-dealer network with 3,200 advisers

Aug 15, 2017

The deal, part of which is based on the advisers and revenue that eventually will move from NPH, could potentially cost LPL $448 million


FSC Securities to pay $592,000 for failure to supervise leveraged ETFs

Aug 14, 2017

The Financial Industry Regulatory Authority Inc. and FSC Securities last Thursday announced that the firm will pay a $100,000 fine and $492,000 to clients


National Planning Holdings acquisition could be real boost to LPL earnings: analyst

Aug 10, 2017

Industry executives have been chattering for at least a month about the blockbuster deal


DOL fiduciary rule compliance costs exceed $4.7 billion: SIFMA study

Aug 10, 2017

Broker-dealers report paying hefty start-up costs and additional ongoing expenses, and are cutting the number of mutual funds they offer


National Planning Holdings CEO to advisers: No comment on LPL takeover talk

Aug 9, 2017

CEO Scott E. Romine sent an email regarding the rumors to the 3,500 reps and advisers affiliated with the network's broker-dealers


Financial trade groups to DOL: Advisers dumping small accounts

Aug 8, 2017

As the comment-letter deadline for the Labor Department's fiduciary rule hits, industry organizations warn of orphaned accounts


Kestra Financial acquires 600-rep H. Beck

Aug 8, 2017

Second big independent broker-dealer acquisition in as many weeks


Adviser denies any role in fake news story about murdered DNC staffer

Aug 4, 2017

The private investigator Ed Butowsky hired to look into the murder of Seth Rich is now suing him and Fox News for defamation

View all stories by Bruce »