Bruce Kelly

Bruce is Senior Columnist for InvestmentNews, a leading publication for financial advisors and the wealth management industry.

An award-winning journalist, Bruce’s career at InvestmentNews began in 2000, two years after the launch of the newspaper. He has covered the brokerage industry ever since, focusing on financial advisors’ pay, the products they sell, and the firms on and off Wall Street where they work.

His reporting in the financial crisis 2008 and thereafter shed light on the many shortcomings of the financial advice industry, from weak regulation to the collapse of many broker-dealers.

Bruce writes an award-winning column, On Advice, and his daily breaking news reports give clarity and insight into what’s happening behind closed doors at the largest brokerage firms in the country.

Before becoming a journalist, Bruce taught middle school and high school English in Manhattan and Caracas, Venezuela, for a decade. He is the co-author of a 2010 book, “Financial Serial Killers,” and has two children.

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Bruce Kelly
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Avantax imposes new fee on held-away accounts
PRACTICE MANAGEMENT OCT 13, 2020
Avantax imposes new fee on held-away accounts

The new charges will be levied on a popular pathway for advisers to conduct business directly with mutual fund companies

David Lerner Associates' liabilities keep growing
FIXED INCOME OCT 12, 2020
David Lerner Associates' liabilities keep growing

The broker-dealer reported a 'negative net worth' of $22 million last year

Inside Morgan Stanley's $7 billion deal for Eaton Vance
WIREHOUSES OCT 08, 2020
Inside Morgan Stanley's $7 billion deal for Eaton Vance

The deal adds to the $13 billion acquisition of the discount brokerage E-Trade as the wirehouse looks to evolve beyond its investment banking roots

Morgan Stanley keeps buying, will acquire Eaton Vance
WIREHOUSES OCT 08, 2020
Morgan Stanley keeps buying, will acquire Eaton Vance

The wirehouse will pay $7 billion for the money manager

The SEC's push for more alts and private placements is the wrong move at the wrong time
OPINION OCT 08, 2020
The SEC's push for more alts and private placements is the wrong move at the wrong time

Plenty of examples prove the regulator's efforts are out of step with the market

Radio show adviser reported missing ahead of SEC investigation
REGULATION, LEGAL & COMPLIANCE OCT 06, 2020
Radio show adviser reported missing ahead of SEC investigation

Christopher W. Burns allegedly fled the day before he was expected to hand over documents to the regulator

AR Global REIT splits, lists, tanks
ALTERNATIVES OCT 05, 2020
AR Global REIT splits, lists, tanks

New York City REIT sees a staggering decline in value after it begins trading

Merrill's army of newbies to resume cold-calling
PRACTICE MANAGEMENT OCT 01, 2020
Merrill's army of newbies to resume cold-calling

Merrill Lynch is making changes in the way it manages young advisers and trainees

Cambridge buys small broker-dealer with $4 billion in assets
RIA NEWS SEP 30, 2020
Cambridge buys small broker-dealer with $4 billion in assets

The deal comes as mergers and acquisitions in the brokerage industry have slowed to a crawl due to disruptions caused by COVID-19

Another financial pro fired after racist insult
LIFE INSURANCE AND ANNUITIES SEP 29, 2020
Another financial pro fired after racist insult

Prudential cuts rep after he allegedly tells a Korean-American social media star to "go back to Wuhan" at a California restaurant

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