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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Ex-UBS wealth chief Tom Naratil joins Lightyear Capital
ALTERNATIVES 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
INDEPENDENT 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
RIA NEWS 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
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
RIA NEWS 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
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
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
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'
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
INDEPENDENT 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.