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
Displaying 3234 results
Ex-UBS wealth chief Tom Naratil joins Lightyear Capital
NEWS RIAS JUL 24, 2023
Ex-UBS wealth chief Tom Naratil joins Lightyear Capital

Naratil, a 39-year veteran of UBS, last fall stepped down from his senior roles at the wirehouse.

Cetera sees 9% of Securian advisors bolt after acquisition
NEWS BROKER DEALERS JUL 24, 2023
Cetera sees 9% of Securian advisors bolt after acquisition

Meanwhile, Cetera is offering tailored retention bonuses to Securian advisors who manage offices.

Jury's out as market rejects mega RIAs
NEWS RIAS JUL 24, 2023
Jury's out as market rejects mega RIAs

IPOs may still be a road to riches for giant aggregators, but critics say hurdles remain.

Lingering pain for clients of defunct broker-dealer
INVESTING ALTERNATIVES JUL 21, 2023
Lingering pain for clients of defunct broker-dealer

The egregious case of Jamie Worden and the continuing issue of unpaid arbitration awards.

Schwab shuts down offices in five cities, merges more
NEWS RIAS JUL 19, 2023
Schwab shuts down offices in five cities, merges more

Large firms like Schwab typically occupy huge offices in prime, and expensive, downtown locations in large cities across the country.

Morgan Stanley reports $78M in severance to axed wealth management employees
YOUR PRACTICE PRACTICE MANAGEMENT JUL 18, 2023
Morgan Stanley reports $78M in severance to axed wealth management employees

It's not clear what type of employees were laid off, but one industry executive says big firms are rethinking the hiring of administrative assistants.

Stifel advisor facing $23.5 million in investor claims over structured notes
INVESTING ALTERNATIVES JUL 17, 2023
Stifel advisor facing $23.5 million in investor claims over structured notes

The Miami Beach, Florida-based advisor, Chuck Roberts, is a 33-year industry veteran and has worked at Stifel since 2016.

Rising assets, rates stabilize wealth management at Wells Fargo
NEWS WIREHOUSES JUL 14, 2023
Rising assets, rates stabilize wealth management at Wells Fargo

Along with net interest income, the bank’s total client assets also grew.

Closing broker-dealer's financials 'were horrible'
YOUR PRACTICE PRACTICE MANAGEMENT JUL 13, 2023
Closing broker-dealer's financials 'were horrible'

Arizona-based Arque Capital Ltd. sold bonds issued by bankrupt GWG Holdings Inc.

After years going solo, Edward Jones advisors now sharing offices
NEWS BROKER DEALERS JUL 12, 2023
After years going solo, Edward Jones advisors now sharing offices

A year after the firm's decision to give advisors more flexibility, 700 Edward Jones financial advisors, or more than 3%, now work in combined offices.