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.

LinkedIn | Email

Bruce Kelly
Displaying 3504 results
Former LPL broker with ties to ex-con charged with fraud
PRACTICE MANAGEMENT JUL 03, 2019
Former LPL broker with ties to ex-con charged with fraud

SEC charges Kerry Hoffman with fraud involving unregistered securities.

Finra slaps Summit Brokerage with fines, restitution over broker churning
INDEPENDENT BROKER DEALERS JUL 02, 2019
Finra slaps Summit Brokerage with fines, restitution over broker churning

Broker's trading generated $650,000 in commissions while clients suffered steep losses.

LPL snags $1.1 billion team from Raymond James
PRACTICE MANAGEMENT JUL 02, 2019
LPL snags $1.1 billion team from Raymond James

PacNorth Retirement Group will use both LPL's broker-dealer and corporate RIA.

Wall Street is going RIA-ish
WIREHOUSES JUL 01, 2019
Wall Street is going RIA-ish

Big firms creating business models that kinda, sorta, look like an RIA for advisers.

Broker-dealer pays $9.5 million to settle alternative investment claims by Native American tribe
ALTERNATIVES JUN 26, 2019
Broker-dealer pays $9.5 million to settle alternative investment claims by Native American tribe

The tribe claimed it was unaware of the $11 million in commissions paid to a former Purshe Kaplan Sterling broker.

Galvin smacks LPL with $1.1 million fine
PRACTICE MANAGEMENT JUN 26, 2019
Galvin smacks LPL with $1.1 million fine

LPL's latest penalty from Massachusetts derives from not properly registering brokers.

LPL Financial push for employee model attempt to tap into $11 trillion market
INDEPENDENT BROKER DEALERS JUN 25, 2019
LPL Financial push for employee model attempt to tap into $11 trillion market

Advisers working for wirehouses and regional firms control vast amounts of assets that LPL would like to bring under its umbrella.

Finra fines, suspends ex-Merrill Lynch broker over loans from clients
PRACTICE MANAGEMENT JUN 25, 2019
Finra fines, suspends ex-Merrill Lynch broker over loans from clients

Fred Brown also failed to change his employment record to disclose two tax liens and three civil judgments.

GPB paid B-Ds and reps steep commissions to sell troubled private placements
ALTERNATIVES JUN 24, 2019
GPB paid B-Ds and reps steep commissions to sell troubled private placements

GPB paid commissions of 9.3%, or $167 million altogether, on the firm's private placements.

GPB Capital reports decline in value of two biggest funds
ALTERNATIVES JUN 21, 2019
GPB Capital reports decline in value of two biggest funds

One has dropped by 25.4% and the other by 39%, according to the company.

Previous Next