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.
Jim McHale is the new chief compliance officer at LPL Financial.
Eaton's on-and-off career most recently had him working at CUSO Financial Services.
'Ironically, I think the redemption issue is the best thing ever happen to nontraded REIT space,' says Kevin Gannon of Stanger.
Expenses are rising: LPL Financial said in October that its core general and administrative expenses were up 15% year-over-year.
'The brokers are besides themselves, especially the independent brokers,' one source says.
'There are some high, high quality firms that have been competitors of ours for years that are willing to engage,' says AlTi CEO Mike Tiedemann.
Titan Securities is already among the departed. It's not footing the bill for its own funeral.
'The conversation of the economy being in a recession has led to advisors not feeling stable for quite a while,' one executive says.
'There are so many people who pushed me when I needed a nudge and pulled me up when I needed a hand,' says Kay Lynn Mayhue.
"We don’t agree with the decision but, with Finra arbitration, there is no appeal," says William H. McCance, president of Ages Financial Services.
