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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INDEPENDENT BROKER DEALERS MAR 01, 2013
Cetera's indie B-Ds get name change

Rebranding campaign triggered by recent purchase of Genworth unit; brokerages to remain autonomous

RIA NEWS FEB 28, 2013
LPL ordered to pay $2M in restitution

Early on Wednesday, LPL management announced that the company posted record revenue in 2012 — but saw profits drop. Later, the B-D agreed to pay restitution to clients who bought shares in nontraded REITs.

ALTERNATIVES FEB 26, 2013
Nontraded REIT group in tit-for-tat with NY Times

A group representing the nontraded-REIT industry has gotten into a war of words with The New York Times. Here's what the fuss is about.

ALTERNATIVES FEB 26, 2013
Payoff in nontraded REIT deal

In a merger of popular REITs, Cole Credit Property Trust II is combining with publicly traded Spirit Realty Capital.

In a wirehouse first, Merrill offers a nontraded REIT
ALTERNATIVES FEB 22, 2013
In a wirehouse first, Merrill offers a nontraded REIT

Don't look now, but Merrill Lynch is hawking a nontraded REIT -- the first wirehouse to do so. Should broker-dealers be worried?

INDEPENDENT BROKER DEALERS FEB 13, 2013
Clouds gathering over independent B-D owner Belesis

As Nemo approaches, Bruce Kelly reports that a dark patch also appears to be gathering over B-D owner -- and media darling -- Anastasios 'Tommy' Belesis.

FINTECH FEB 10, 2013
Q&A: LPL Financial's Victor Fetter Outsider brings fresh eyes to the world of advisers

The former chief information officer of Online at Dell had never worked in the brokerage industry before.

EQUITIES FEB 10, 2013
Strategist turned adviser says bull market is here

Bernstein sees similarities to early 1980s

INDEPENDENT BROKER DEALERS FEB 06, 2013
LPL to reduce head count in 3Q

WIREHOUSES FEB 05, 2013
UBS advisers break $1 million per FA revenue mark

UBS advisers surpass the $1 million-per-FA revenue mark as the bank's U.S. wealth unit is the lone bright spot in a rough quarter. Bruce Kelly reports.