Bruce Kelly

A former middle school and high school English teacher, Bruce Kelly started at InvestmentNews in 2000 as the brokerage reporter after a two-year stint at sister publication Pensions & Investments. He writes a bi-weekly, award winning column, On Advice, and covers the independent broker-dealer industry.

Bruce Kelly
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MUTUAL FUNDS APR 18, 2013
Joanna Bewick: Protecting against inflation

Interest rates are low now, but this Fidelity fund manager is guarding against what happens in the long run

INDEPENDENT BROKER DEALERS APR 16, 2013
DeWaay Financial closing its doors

After months of speculation, formidable Iowa broker Donald DeWaay is shuttering his B-D. Here's why.

Out of DeWaay: Another top adviser exits besieged B-D
INDEPENDENT BROKER DEALERS APR 16, 2013
Out of DeWaay: Another top adviser exits besieged B-D

Karsten follows Botsford out the door; headed to Triad

INDEPENDENT BROKER DEALERS APR 15, 2013
NFP back to buying with Fusion purchase

In one of its few big deals in recent years, NFP picks up a firm with 240 reps. Jessica Bibliowicz, the firm's CEO: 'We are definitely on the acquisition path.'

REGULATION, LEGAL & COMPLIANCE APR 12, 2013
More woes for Tony Thompson as Denver couple files lawsuit

This week, an investor filed a lawsuit against Tony Thompson. Bruce Kelly fills in the details about the latest headache for the noted real estate investor.

Thompson pitching nontraded REIT that's struggling with debt payments
ALTERNATIVES APR 12, 2013
Thompson pitching nontraded REIT that's struggling with debt payments

Tony Thompson is pitching a nontraded REIT to broker-dealers. Bruce Kelly reports that the property trust is currently negotiating forbearance agreements — and is paying old investors, in part, with money from new investors.

$1.5M arb judgment forces B-D to declare bankruptcy, deregister
ALTERNATIVES APR 11, 2013
$1.5M arb judgment forces B-D to declare bankruptcy, deregister

A Finra arbitration panel has ordered Cambridge Legacy Securities to pay an investor $1.5 million over private placements

ALTERNATIVES APR 10, 2013
BDC dumps distributor over financial issues

VII Peaks Capital actively looking for new wholesaler

ALTERNATIVES APR 09, 2013
Nontraded REIT and traded REIT seal deal

American Capital Properties REIT merger OK'd.

RETIREMENT PLANNING APR 07, 2013
Cetera acquiring two B-Ds from MetLife