AUTHORS

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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PRACTICE MANAGEMENT JAN 17, 2017

SEC hits Morgan Stanley with $13 million fine

Says wirehouse overbilled investment advisory clients due to coding and other billing system errors.

INDEPENDENT BROKER DEALERS JAN 17, 2017

With DOL fiduciary looming, Advisor Group reduces fees on its brokerage and advisory platform

Move is among a series of changes the firm is making as it gets ready for deadline on implementing DOL fiduciary rule.

PRACTICE MANAGEMENT JAN 17, 2017

Morgan Stanley fined more than $10 million for violating customer protection rule

That rule is intended to safeguard clients' cash and securities so they can be promptly returned should the broker-dealer fail.

WIREHOUSES JAN 13, 2017

Morgan Stanley advisers hit revenue record in fourth quarter

Advisers produced average annualized revenue of $1 million in the period.

WIREHOUSES JAN 13, 2017

Merrill Lynch branch manager resigns over expense reporting

This is at least the second time this fall that Merrill has had a high-profile termination over improper expense reporting.

PRACTICE MANAGEMENT JAN 12, 2017

Bank of America wants more referrals from its Merrill Lynch advisers

Brokers will be expected to provide two referrals a year to the bank or face a 1% penalty on their payout. <b><i>(More: <a href="//www.investmentnews.com/article/20161011/FREE/161019987/morgan-stanley-sales-contests-among-advisers-didnt-help-clients"" target=""_blank"" rel="noopener noreferrer">Morgan Stanley sales contests among advisers didn't help clients</a>)</b></i>

RIA NEWS JAN 12, 2017

Morgan Stanley adjust pay grid

ALTERNATIVES JAN 11, 2017

Changing direction, FS Investments launching a nontraded REIT

The company, formerly known as Franklin Square, filed a registration with the SEC Monday for a $2.5 billion commercial mortgage nontraded real estate investment trust.