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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Raymond James dips toe into commission-free trades
RIA NEWS OCT 21, 2019
Raymond James dips toe into commission-free trades

As industry race-to-zero accelerates, the broker-dealer offers free trades to small group of RIAs.

Merrill Lynch expands free trades for majority of online clients
RIA NEWS OCT 21, 2019
Merrill Lynch expands free trades for majority of online clients

Bank of America does away with limits on free trades for many during industry price war.

RIA NEWS OCT 21, 2019
Merrill Lynch expands free trades for majority of online clients

Bank of America does away with limits on free trades for many during industry price war.

RIA NEWS OCT 21, 2019
Raymond James dips toe into commission-free trades

As industry race-to-zero accelerates, the broker-dealer offers free trades to small group of RIAs.

Morgan Stanley's James Gorman says pressure on advice fees could be next
RIA NEWS OCT 17, 2019
Morgan Stanley's James Gorman says pressure on advice fees could be next

Now that discount brokers have cut commissions to zero, CEO wonders if competition will heat up to reduce advisory fees.

RIA NEWS OCT 17, 2019
Morgan Stanley's James Gorman says pressure on advice fees could be next

Now that discount brokers have cut commissions to zero, CEO wonders if competition will heat up to reduce advisory fees.

How far will LPL move amid an industry price war?
RIA NEWS OCT 15, 2019
How far will LPL move amid an industry price war?

After Schwab and other brokerages cut some commissions to zero, LPL tells brokers it is 'exploring its options.'

Head count at Wells Fargo Advisors slips, but exits continue to slow
RIA NEWS OCT 15, 2019
Head count at Wells Fargo Advisors slips, but exits continue to slow

Meanwhile, the wealth management group sees a decline in assets due to net outflows.

SEC takes aim at second Cetera broker-dealer
REGULATION, LEGAL & COMPLIANCE OCT 15, 2019
SEC takes aim at second Cetera broker-dealer

Commission adds Cetera Advisor Networks to an earlier lawsuit alleging overcharging of funds.

RIA NEWS OCT 15, 2019
How far will LPL move amid an industry price war?

After Schwab and other brokerages cut some commissions to zero, LPL tells brokers it is 'exploring its options.'