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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RETIREMENT LIFE INSURANCE AND ANNUITIES APR 19, 2009
Confusion heightened at AIG Advisor Group

Last week's layoffs and consolidation of key areas of operation at the three broker-dealers of the AIG Advisor Group only add to the confusion and uncertainty surrounding the network's future and the fate of its more than 6,000 representatives and financial advisers, sources said.

NEWS INDUSTRY NEWS APR 17, 2009
Three ING Advisors Network B-Ds may be put on the block

Three broker-dealers in the ING Advisors Network are facing another round of strategic reviews that could lead to their sale, an ING spokesman said this morning.

NEWS REGULATION AND LEGISLATION APR 13, 2009
Ex-NFL star scores $950K arbitration against Morgan Keegan

Morgan Keegan has been stung in another arbitration case involving its bond funds, this time losing a $950,000 claim to an ex-NFL Pro Bowl star with the Kansas City Chiefs.

NEWS REGULATION AND LEGISLATION APR 12, 2009
Arbitrations cost Morgan Keegan big

Investors who are battling Morgan Keegan over the blowup of its bond funds are on a hot streak, with a former Major League Baseball all-star among the recent arbitration winners.

NEWS RIAS APR 12, 2009
Family feud drives home need for succession plans

When Chris Wanken's dad, a branch manager affiliated with Raymond James Financial Services Inc., fired him last March, it ignited a smoldering family dispute that experts say might have been avoided with better planning.

NEWS INDUSTRY NEWS APR 06, 2009
GunnAllen regroups after death of CEO

Following the recent death of its chief executive Gordon Loetz, GunnAllen Holdings Inc. of Tampa announced a series of management changes this morning.

NEWS BROKER DEALERS APR 05, 2009
Patience wears thin for AIG reps, advisers

After months of waiting for talks on the sale of the three broker-dealers that make up the AIG Advisor Group to be resolved, many of the more than 6,000 representatives and financial advisers in the network are growing anxious about their future.

NEWS REGULATION AND LEGISLATION APR 05, 2009
Finra arbitration awards may mean gains for investors

Finra securities arbitration panels have handed investors two huge wins in recent months, but lawyers and industry observers are divided about whether such noticeable awards signal favorably for investors.

NEWS INDUSTRY NEWS APR 03, 2009
Simmers of ING Advisors Network to step down

John Simmers, one of the most widely respected executives in the independent-contractor brokerage business, is stepping down from the ING Advisors Network. Mr. Simmers, chairman and CEO of the network, told advisers about his decision to retire on a conference call yesterday afternoon.

NEWS REGULATION AND LEGISLATION APR 02, 2009
Stimulus package seen as windfall for fraudsters

The U.S. government’s $787 billion stimulus package offers ripe opportunities for fraud, according to criminal experts.