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
Will Blackstone build or buy a nontraded REIT business?
ALTERNATIVES APR 19, 2016
Will Blackstone build or buy a nontraded REIT business?

The firm could create its own REIT sponsor and wholesaler or take a run at an established one like NorthStar Asset Management Group Inc.

Blackstone considering getting into nontraded REIT market
ALTERNATIVES APR 19, 2016
Blackstone considering getting into nontraded REIT market

Source says firm eyes creating, managing nontraded REITs for brokers and advisers to sell.

ALTERNATIVES APR 19, 2016
Cantor Fitzgerald to hire nearly 30 RCS wholesalers

RCS was recently closed after paying Massachusetts $3 million to settle charges that it fraudulently rounded up proxy votes for real estate deals.

RCS Capital, Cetera and Lightyear reach settlement over executive poaching
INDEPENDENT BROKER DEALERS APR 13, 2016
RCS Capital, Cetera and Lightyear reach settlement over executive poaching

Firm agreed to leave more than 40 senior staffers alone until September or until RCS Capital's bankruptcy plan becomes effective.

ALTERNATIVES APR 11, 2016
Nontraded REIT company Cole Capital on the mend

Sales at the once-tarnished company are up fourfold this year while sales in the overall industry are down.

New Finra pricing rules for illiquid investments shaking up IBD industry
ALTERNATIVES APR 11, 2016
New Finra pricing rules for illiquid investments shaking up IBD industry

Firms need to be proactive in conveying information to their advisers.

INDEPENDENT BROKER DEALERS APR 06, 2016
Despite industry fears, DOL's fiduciary rule is just more of the same

Scan of recent orders and reports from SEC, Finra shows the advice industry is already feeling the effects of fiduciary.

Finra: Broker charged $11M in commissions for nontraded REITs and BDCs and lied about it
ALTERNATIVES APR 06, 2016
Finra: Broker charged $11M in commissions for nontraded REITs and BDCs and lied about it

Regulator said he failed to tell Native American tribe about fees.

INDEPENDENT BROKER DEALERS APR 05, 2016
SEC smacks three former AIG Advisor Group B-Ds for using higher-priced funds

Three independent broker-dealers formerly operating under AIG's umbrella have been fined $7.5 million and ordered to pay restitution of $2 million to clients.

LPL stock buyback cost shareholders $115 million: lawsuit
INDEPENDENT BROKER DEALERS MAR 28, 2016
LPL stock buyback cost shareholders $115 million: lawsuit

A Michigan pension plan says the company bought back shares at artificially inflated prices because of misleading statements it made about its financial condition.