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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Purshe Kaplan Sterling in another million-dollar arbitration settlement
INDEPENDENT BROKER DEALERS JUL 28, 2020
Purshe Kaplan Sterling in another million-dollar arbitration settlement

Payment linked to adviser who committed suicide in 2017

Big data and financial wellness in Fava's wheelhouse at Envestnet
FINTECH JUL 27, 2020
Big data and financial wellness in Fava's wheelhouse at Envestnet

The popular strategist will utilize data and technology to deliver new products to advisers

The hunt for mega RIAs
RIA NEWS JUL 26, 2020
The hunt for mega RIAs

Independent advisers are enjoying the attention of Wall Street, where some big banks are focused on acquiring privately held assets

UBS' private bank closure raises questions for elite advisers
OPINION JUL 24, 2020
UBS' private bank closure raises questions for elite advisers

Compensation and control over the client relationship are two key issues surrounding the shutdown

Securities America warns of service slowdown as consolidation begins
INDEPENDENT BROKER DEALERS JUL 22, 2020
Securities America warns of service slowdown as consolidation begins

Advisers are experiencing "longer than usual wait times," according to a memo

GPB Capital reports nearly $200 million drop in AUM
ALTERNATIVES JUL 21, 2020
GPB Capital reports nearly $200 million drop in AUM

The alternative asset manager parts ways with an auditor and its valuation company

Ex-Next Financial rep charged by Galvin with overselling REITs
ALTERNATIVES JUL 20, 2020
Ex-Next Financial rep charged by Galvin with overselling REITs

The Secretary of the Commonwealth of Massachusetts takes another swipe at sales of high-priced products

Wells Fargo reports drop in advisers, assets for Q2
PRACTICE MANAGEMENT JUL 14, 2020
Wells Fargo reports drop in advisers, assets for Q2

Wells Fargo Advisors says it is focused on hiring bigger producing teams

A tale of two PPP loans
RIA NEWS JUL 09, 2020
A tale of two PPP loans

Small broker-dealers lined up for the free cash — but did all of them use it as intended?

GPB takes millions in fed loan money while under investigation
ALTERNATIVES JUL 07, 2020
GPB takes millions in fed loan money while under investigation

GPB Capital and related businesses get between $3 million and $7 million in Paycheck Protection Program loans