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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Finra reports 10% rise in 2019 compensation
PRACTICE MANAGEMENT JUL 01, 2020
Finra reports 10% rise in 2019 compensation

The regulator warns broker-dealers of a gradual move to increase fees

More 'doubt' about this broker-dealer's future
INDEPENDENT BROKER DEALERS JUN 30, 2020
More 'doubt' about this broker-dealer's future

Newbridge Securities reported large deficits for 2019, according to its auditor

Hightower estimates up to $1.2 million overcharge of college savings plan clients
REGULATION, LEGAL & COMPLIANCE JUN 26, 2020
Hightower estimates up to $1.2 million overcharge of college savings plan clients

Finra launched its investigation into 529 sales in 2019

Berthel Fisher facing up to $2.5 million in legal, regulatory costs
INDEPENDENT BROKER DEALERS JUN 25, 2020
Berthel Fisher facing up to $2.5 million in legal, regulatory costs

The broker-dealer says it has more than $1 million in insurance to offset the expense

Finra expels broker-dealer, but owner explores an appeal
ALTERNATIVES JUN 24, 2020
Finra expels broker-dealer, but owner explores an appeal

Sandlapper Securities may have some fight left, says CEO Trevor Gordon

Some new Advisor Group reps staring at reduced pay grid
INDEPENDENT BROKER DEALERS JUN 23, 2020
Some new Advisor Group reps staring at reduced pay grid

Any cuts to payout will be offset by tools and technology, according to the broker-dealer

After almost a decade of fighting, the SEC and Ray Lucia finally settle
REGULATION, LEGAL & COMPLIANCE JUN 18, 2020
After almost a decade of fighting, the SEC and Ray Lucia finally settle

The 'Buckets of Money' adviser can apply to work in the securities industry again

Wells Fargo taps new head of wealth management group
PRACTICE MANAGEMENT JUN 18, 2020
Wells Fargo taps new head of wealth management group

Barry Sommers takes over for Jon Weiss, who was promoted earlier this year

Ugly road for adviser diversity at Morgan Stanley: Lawsuit
PRACTICE MANAGEMENT JUN 17, 2020
Ugly road for adviser diversity at Morgan Stanley: Lawsuit

Under CEO James Gorman, the wirehouse's diversity effort has moved in reverse, according to complaint

Raymond James cuts manager after confrontation with protester goes viral
PRACTICE MANAGEMENT JUN 15, 2020
Raymond James cuts manager after confrontation with protester goes viral

Bond manager becomes the latest executive to lose a job after confrontation with member of a minority group is posted online

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