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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Morgan Stanley loses appeal of $3.3 million Finra arbitration
WIREHOUSES APR 13, 2020
Morgan Stanley loses appeal of $3.3 million Finra arbitration

The wirehouse sought to toss a large award it lost to investors who owned Puerto Rican bonds

Former Wells Fargo adviser part of alleged $33 million crypto Ponzi: lawsuit
WIREHOUSES APR 13, 2020
Former Wells Fargo adviser part of alleged $33 million crypto Ponzi: lawsuit

The purported scheme targeted doctors and claimed their money would be used to trade cryptocurrency using a proprietary algorithm

IBDs face hard times in 2020
INDEPENDENT BROKER DEALERS APR 03, 2020
IBDs face hard times in 2020

A decline in assets and cuts to interest rates spell a sharp hit to IBD revenue this year

Private equity owners of IBDs will be tested during the downturn
ALTERNATIVES APR 03, 2020
Private equity owners of IBDs will be tested during the downturn

How will they hold up as they deal with the fallout from COVID-19?

Cambridge lands $1.5 billion branch from Advisor Group
INDEPENDENT BROKER DEALERS APR 03, 2020
Cambridge lands $1.5 billion branch from Advisor Group

Cooper McManus Wealth Management has 50 advisers in its network nationwide

ETrade still a sweet fit for Morgan Stanley: Gorman
WIREHOUSES APR 02, 2020
ETrade still a sweet fit for Morgan Stanley: Gorman

The bank's CEO remains optimistic about the acquisition despite the COVID-19 crisis

'Fired' by Trump in 2005, ex-LPL adviser is suspended by Finra
INDEPENDENT BROKER DEALERS APR 02, 2020
'Fired' by Trump in 2005, ex-LPL adviser is suspended by Finra

Mark Lamkin borrowed $1.3 million from a client and didn't disclose it, according to the regulator

Party's over, Florida. Advisers see trouble looming in state's economy
WIREHOUSES APR 01, 2020
Party's over, Florida. Advisers see trouble looming in state's economy

A recession could be coming for the Sunshine State, says a Wells Fargo Securities analyst

Advisor Group plucks top LPL executive for senior role
INDEPENDENT BROKER DEALERS MAR 31, 2020
Advisor Group plucks top LPL executive for senior role

The network realigns management after its acquisition of Ladenburg Thalmann

Wells Fargo Advisors reverses plan to charge more clients an account fee
PRACTICE MANAGEMENT MAR 26, 2020
Wells Fargo Advisors reverses plan to charge more clients an account fee

The firm is altering a plan that was unpopular with some advisers

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