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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REIT deal seen as boon for acquirer
ALTERNATIVES JAN 15, 2013
REIT deal seen as boon for acquirer

Ladenburg reiterates its 'buy' rating price target on American Realty Capital Properties after its purchase of a related REIT.

Finra opens arb system to RIAs
REGULATION, LEGAL & COMPLIANCE JAN 14, 2013
Finra opens arb system to RIAs

In a surprise move, B-D cop Finra will allow RIAs to use its arbitration system. Why?

RETIREMENT PLANNING JAN 06, 2013
Real estate rebound taking hold

RETIREMENT PLANNING JAN 06, 2013
In a wirehouse first, Merrill offers a nontraded REIT

ALTERNATIVES DEC 26, 2012
Nontraded REIT deal good news for shareholders

In putting together a deal for Apple REIT Six, Blackstone has given a boost to the trust's shareholders — and stemmed the recent tide of bad news for David Lerner Associates.

Bank of America Merrill Lynch hit with $1.3 million arbitration order
WIREHOUSES DEC 20, 2012
Bank of America Merrill Lynch hit with $1.3 million arbitration order

Broker sold Fannie Mae preferred stock despite risk warnings

Nontraded REIT cuts fee to adviser
ALTERNATIVES DEC 18, 2012
Nontraded REIT cuts fee to adviser

In what's stacking up as something of a trend, another nontraded REIT has decided to forgo the so-called 'internalization fee' paid to its adviser.

ALTERNATIVES DEC 18, 2012
Another nontraded REIT goes public

On Friday, Corporate Property Associates 15 Inc. closed a merger with its parent, the publicly traded real estate manager W.P. Carey & Co LLC. The new company, which is now a publicly traded REIT called W.P. Carey Inc., began trading Monday morning and will retain the symbol WPC.

RETIREMENT PLANNING DEC 16, 2012
Galvin's LPL suit a boon to plaintiffs

Last week, Massachusetts sued LPL for its sales and marketing of a popular nontraded REIT. Expect the plaintiffs' bar to swoop in as well.

RIA NEWS DEC 16, 2012
Securities America acquires firm