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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Kestra Financial's new rollup lands its first RIA
INDEPENDENT BROKER DEALERS AUG 20, 2019
Kestra Financial's new rollup lands its first RIA

Bluespring acquires $152.6 million firm in Ohio, Hickory Asset Management Inc.

Makeover at Wells Fargo Advisors well-received
PRACTICE MANAGEMENT AUG 20, 2019
Makeover at Wells Fargo Advisors well-received

The wealth management network again reduces its corporate structure as part of realignment.

Ex-broker in South Florida pleads guilty in Castleberry Financial fraud case
ALTERNATIVES AUG 19, 2019
Ex-broker in South Florida pleads guilty in Castleberry Financial fraud case

Meanwhile, another executive charged in same fraud dies in jail awaiting trial.

LPL follows the money
RIA NEWS AUG 17, 2019
LPL follows the money

As its fee-based advisory business continues to grow, the country's biggest IBD wants to keep more of its RIA assets at home. It won't be easy.

Bitter legal fracas brewing between top executives at Indiana broker-dealer
REGULATION, LEGAL & COMPLIANCE AUG 16, 2019
Bitter legal fracas brewing between top executives at Indiana broker-dealer

Former CEO of David A. Noyes, Mark Damer, was fired last month.

IFS Securities hit with $10 million trading loss: reports
INDEPENDENT BROKER DEALERS AUG 15, 2019
IFS Securities hit with $10 million trading loss: reports

IFS Securities facing 'substantial losses' from head bond trader's bet on Treasuries.

Cetera Financial Group adds 1,000 advisers, $19 billion in assets so far in 2019
INDEPENDENT BROKER DEALERS AUG 14, 2019
Cetera Financial Group adds 1,000 advisers, $19 billion in assets so far in 2019

The broker-dealer network is adding both new and experienced advisers

The fight over who owns the client comes to RIAs
PRACTICE MANAGEMENT AUG 13, 2019
The fight over who owns the client comes to RIAs

Mercer Global Advisors sues adviser who jumped to a competitor.

FSC Securities facing arbitration claim over REIT and VA sales
REGULATION, LEGAL & COMPLIANCE AUG 12, 2019
FSC Securities facing arbitration claim over REIT and VA sales

Investors allege that brokers used lump sum retirement payouts to buy high-commission products

Focus Financial reports strong M&A numbers
RIA NEWS AUG 08, 2019
Focus Financial reports strong M&A numbers

The 30 deals it closed on so far this year already exceeds the total it had in 2018.