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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Schorsch, AR Capital to pay $60 million to settle SEC charges
ALTERNATIVES JUL 16, 2019
Schorsch, AR Capital to pay $60 million to settle SEC charges

The former REIT czar and his firm wrongfully obtained millions linked to REIT mergers.

Wells Fargo Advisors slows down outflow of advisers
PRACTICE MANAGEMENT JUL 16, 2019
Wells Fargo Advisors slows down outflow of advisers

The firm had a net loss of 29 advisers compared with 140 the quarter before.

UBS hires advisers with $2 billion in client assets
PRACTICE MANAGEMENT JUL 12, 2019
UBS hires advisers with $2 billion in client assets

The two advisers joined the firm in San Francisco and New York.

CFP Board to announce possible delay of new fiduciary standard
REGULATION, LEGAL & COMPLIANCE JUL 12, 2019
CFP Board to announce possible delay of new fiduciary standard

Organization's CEO confirms meeting with Edward Jones, says broker-dealer still considering how to move forward.

Cetera Financial Group eliminating Summit as a separate broker-dealer
INDEPENDENT BROKER DEALERS JUL 12, 2019
Cetera Financial Group eliminating Summit as a separate broker-dealer

Firm, offices and 450 advisers will become part of the Cetera Advisor Networks B-D.

CFP Board may make decision this week on delaying enforcement of fiduciary standard
REGULATION, LEGAL & COMPLIANCE JUL 11, 2019
CFP Board may make decision this week on delaying enforcement of fiduciary standard

Trade groups asking for delays or softer versions of the new code for CFP holders.

David Lerner Associates' financial condition deteriorates
ALTERNATIVES JUL 10, 2019
David Lerner Associates' financial condition deteriorates

Firm reported 'negative net worth' of $17 million last year in recent SEC filing.

Piper Jaffray buying Sandler O'Neill for $485 million
RIA NEWS JUL 09, 2019
Piper Jaffray buying Sandler O'Neill for $485 million

Sandler O'Neill is a leading investment bank in the financial services industry.

Finra bars ex-Raymond James compliance executive for data tampering
PRACTICE MANAGEMENT JUL 08, 2019
Finra bars ex-Raymond James compliance executive for data tampering

In 2016, Vincent Storms changed broker audit information and avoided follow-up work.

SEC bars ex-Transamerica broker who took $583,000 from clients
PRACTICE MANAGEMENT JUL 08, 2019
SEC bars ex-Transamerica broker who took $583,000 from clients

The broker, Pedro L. Gonzalez-Seijo, was charged last summer with fraud.

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