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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Wells Fargo Advisors highlights bump in  compensation for $1M producers
ALTERNATIVES DEC 12, 2023
Wells Fargo Advisors highlights bump in compensation for $1M producers

The wirehouse is emphasizing better pay for advisors who sell alternative investments and offer loans to clients.

More Wells Fargo execs follow Kowach to startup
INDEPENDENT BROKER DEALERS DEC 11, 2023
More Wells Fargo execs follow Kowach to startup

Launched over the summer, &Partners is replete with executives from Wells Fargo Advisors.

Will rising interest rates spark SEC crackdown?
INDEPENDENT BROKER DEALERS DEC 08, 2023
Will rising interest rates spark SEC crackdown?

Some broker-dealers are 'in a bit of a pickle' due to how they invested client cash, industry executive says.

Criticism of Blackstone mortgage REIT shows 'froth' draining from market
ALTERNATIVES DEC 07, 2023
Criticism of Blackstone mortgage REIT shows 'froth' draining from market

Financial advisors often recommend REITs as a way to generate income in retirement.

Online brokers misstep in securities lending: Finra
FINTECH DEC 06, 2023
Online brokers misstep in securities lending: Finra

'Who were the accountants? Lending securities can be lucrative,' a compliance executive says.

Wells Fargo's indy group, FiNet, bumps up fee for big advisors
INDEPENDENT BROKER DEALERS DEC 05, 2023
Wells Fargo's indy group, FiNet, bumps up fee for big advisors

What's not clear is how many FiNet advisors will feel the sting of the fee increase.

UBS is latest firm OK'd by NFL players union
INDEPENDENT BROKER DEALERS DEC 05, 2023
UBS is latest firm OK'd by NFL players union

More than two decades old, the NFLPA's registered player financial advisor program for years was limited to individual financial advisors.

Giant RIAs in old-fashioned donnybrook for advisors and clients
RIA NEWS DEC 04, 2023
Giant RIAs in old-fashioned donnybrook for advisors and clients

Edelman Financial Engines is suing Mariner Wealth Advisors, alleging that Mariner is poaching its clients and running Edelman out of business.

Nashville B-D that sold GWG bonds closing down
ALTERNATIVES NOV 30, 2023
Nashville B-D that sold GWG bonds closing down

The securities industry has a long, sad history of firms going out of business after a product like GWG bonds fails.

Wells Fargo loses another executive, this time to LPL
INDEPENDENT BROKER DEALERS NOV 29, 2023
Wells Fargo loses another executive, this time to LPL

Jim McHale is the new chief compliance officer at LPL Financial.