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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Cetera's Durbin says IPO clock has yet to tick
INDEPENDENT BROKER DEALERS APR 30, 2024
Cetera's Durbin says IPO clock has yet to tick

"Every private equity deal we have seen in the brokerage industry has lasted five to seven years," one executive said.

Finra bars ex-Wells Fargo broker firm accused of theft  
INDEPENDENT BROKER DEALERS APR 29, 2024
Finra bars ex-Wells Fargo broker firm accused of theft  

“We’ve done scores of theft cases over the years and it’s a cancer," said one attorney.

Blackstone makes more real estate moves
ALTERNATIVES APR 26, 2024
Blackstone makes more real estate moves

"Interest rates aren’t going down anytime soon," said James Corl of Cohen & Steers.

Raymond James' CEO shrugs off DOL rule
INDEPENDENT BROKER DEALERS APR 25, 2024
Raymond James' CEO shrugs off DOL rule

"It doesn't look too problematic at all," Paul Reilly said.

New DOL rule no big deal, says Stifel's Kruszewski
INDEPENDENT BROKER DEALERS APR 24, 2024
New DOL rule no big deal, says Stifel's Kruszewski

"It appears to be less restrictive than what was proposed," says CEO.

Advisor recruiting getting "irrational," says Ameriprise CEO
INDEPENDENT BROKER DEALERS APR 23, 2024
Advisor recruiting getting "irrational," says Ameriprise CEO

"I do believe that the market is very competitive," says Ameriprise CEO Cracchiolo.

Solid start to wealth management deals in 2024: report
INDEPENDENT BROKER DEALERS APR 22, 2024
Solid start to wealth management deals in 2024: report

"We’re seeing continued deal flow of mid-sized and smaller RIAs, along with broker-dealers, too," one banker said.

LPL's Chris Cassidy talks Atria deal, credit unions
INDEPENDENT BROKER DEALERS APR 19, 2024
LPL's Chris Cassidy talks Atria deal, credit unions

'Credit unions are nonprofit institutions, so that creates a collaborative approach,' Cassidy says.

Bankrupt GWG bonds not right for anyone: Finra arbitrator
ALTERNATIVES APR 18, 2024
Bankrupt GWG bonds not right for anyone: Finra arbitrator

By 2020, 'GWG had shown years of losses and large negative cash flows,' a securities arbitrator writes.

SEC dings Minnesota investment manager over pay-to-play conflict
REGULATION, LEGAL & COMPLIANCE APR 17, 2024
SEC dings Minnesota investment manager over pay-to-play conflict

'Is four grand really going to influence a politician’s thinking?' one consultant asks.