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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A new playbook for independent broker-dealer M&A
INDEPENDENT BROKER DEALERS JAN 27, 2020
A new playbook for independent broker-dealer M&A

Everyone is up for sale at the right price – and private equity is buying

Finra bars broker who sold Future Income Payments Ponzi
REGULATION, LEGAL & COMPLIANCE JAN 24, 2020
Finra bars broker who sold Future Income Payments Ponzi

Kari Bracy was a no-show with Finra for its investigation into the matter

Raymond James' CEO takes a victory lap
INDEPENDENT BROKER DEALERS JAN 23, 2020
Raymond James' CEO takes a victory lap

Paul Reilly touts the new highs the firm hit in client assets and number of advisers

Franklin Templeton's private client group to buy $4.7 billion wealth management shop
RIA NEWS JAN 22, 2020
Franklin Templeton's private client group to buy $4.7 billion wealth management shop

Fiduciary Trust Co. International to buy The Pennsylvania Trust Co.

UBS hires $10.8 billion team as net new client money in U.S. slides
WIREHOUSES JAN 21, 2020
UBS hires $10.8 billion team as net new client money in U.S. slides

The Swiss bank snags Wickham Cash Partners in Charlotte; reports $9 billion decline in net new money in Americas in Q4

Morgan Stanley eyes 1 million wealth management clients from stock plans
WIREHOUSES JAN 16, 2020
Morgan Stanley eyes 1 million wealth management clients from stock plans

Technology push at Morgan Stanley comes into focus after Solium Capital acquisition

Merrill to continue focus on training over recruiting in 2020
PRACTICE MANAGEMENT JAN 15, 2020
Merrill to continue focus on training over recruiting in 2020

Long the financial advice industry's leading trainer of young brokers, Merrill to renew attention on coaching

Wells Fargo loses more than 450 advisers in 2019
WIREHOUSES JAN 14, 2020
Wells Fargo loses more than 450 advisers in 2019

Expenses also increased at Wells Fargo Advisors, and the firm lost a clearing client

It's 2020, and the chase for big commissions is back
INDEPENDENT BROKER DEALERS JAN 08, 2020
It's 2020, and the chase for big commissions is back

The financial advice industry is priming the pump to increase sales of high-commission products

Next Financial smacked with $475,000 in fines related to nontraded REIT
RIA NEWS JAN 02, 2020
Next Financial smacked with $475,000 in fines related to nontraded REIT

Massachusetts and New Hampshire cited the firm's sales practices and supervisory failures

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