Bruce Kelly

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.

Bruce Kelly
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Edward Jones joins the crowd to sell more alternative investments
INVESTING ALTERNATIVES APR 29, 2025
Edward Jones joins the crowd to sell more alternative investments

“There’s a big pull to alternative investments right now because of volatility of the stock market,” Kevin Gannon, CEO of Robert A. Stanger & Co., said.

Cetera's job cuts to reduce 5% of staff
NEWS RIAS APR 28, 2025
Cetera's job cuts to reduce 5% of staff

Last week's layoffs totaled at least 130 Cetera employees, according to a senior industry executive.

Independent Financial Group taps industry veteran Keefe as new president, COO
NEWS BROKER DEALERS APR 25, 2025
Independent Financial Group taps industry veteran Keefe as new president, COO

IFG works with 550 producing advisors and generates about $325 million in annual revenue, said Dave Fischer, the company's co-founder and chief marketing officer.

Commonwealth advisors, employees, let it all hang out on Reddit
NEWS OPINION APR 24, 2025
Commonwealth advisors, employees, let it all hang out on Reddit

"It's like a soap opera," says one senior industry executive.

More layoffs to come at Cetera?
NEWS RIAS APR 23, 2025
More layoffs to come at Cetera?

A company spokesperson called the layoffs a "small reduction in our workforce."

Rogue rep, formerly with United Planners', keeps costing firm damages
NEWS BROKER DEALERS APR 22, 2025
Rogue rep, formerly with United Planners', keeps costing firm damages

United Planners' costs related to lawsuits and regulators' actions into the advisor continue to rise.

Judge OKs release of $400 million to besieged GPB investors
INVESTING ALTERNATIVES APR 21, 2025
Judge OKs release of $400 million to besieged GPB investors

Meanwhile, GPB senior executives' sentencing for fraud pushed to May.

Layoffs looming in wild 2025?
NEWS RIAS APR 16, 2025
Layoffs looming in wild 2025?

Wealth management job cuts at Edward Jones and Morgan Stanley are linked to a sinking stock market, tariff battles and the unknown, say industry executives

Latest salvo in Ameriprise, LPL trade war is charge of a data breach
NEWS BROKER DEALERS APR 15, 2025
Latest salvo in Ameriprise, LPL trade war is charge of a data breach

Ameriprise has targeted LPL in at least four complaints since January 2024, alleging its competitor had unfairly hired its financial advisors.

Fidelity pushing RIAs to chase Commonwealth advisors
NEWS RIAS APR 14, 2025
Fidelity pushing RIAs to chase Commonwealth advisors

In any brokerage transaction, it’s a fight for assets.