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
Morgan Stanley loses appeal of $3.3 million Finra arbitration
NEWS WIREHOUSES APR 13, 2020
Morgan Stanley loses appeal of $3.3 million Finra arbitration

The wirehouse sought to toss a large award it lost to investors who owned Puerto Rican bonds

Former Wells Fargo adviser part of alleged $33 million crypto Ponzi: lawsuit
NEWS WIREHOUSES APR 13, 2020
Former Wells Fargo adviser part of alleged $33 million crypto Ponzi: lawsuit

The purported scheme targeted doctors and claimed their money would be used to trade cryptocurrency using a proprietary algorithm

IBDs face hard times in 2020
NEWS BROKER DEALERS APR 03, 2020
IBDs face hard times in 2020

A decline in assets and cuts to interest rates spell a sharp hit to IBD revenue this year

Private equity owners of IBDs will be tested during the downturn
INVESTING ALTERNATIVES APR 03, 2020
Private equity owners of IBDs will be tested during the downturn

How will they hold up as they deal with the fallout from COVID-19?

Cambridge lands $1.5 billion branch from Advisor Group
NEWS BROKER DEALERS APR 03, 2020
Cambridge lands $1.5 billion branch from Advisor Group

Cooper McManus Wealth Management has 50 advisers in its network nationwide

ETrade still a sweet fit for Morgan Stanley: Gorman
NEWS WIREHOUSES APR 02, 2020
ETrade still a sweet fit for Morgan Stanley: Gorman

The bank's CEO remains optimistic about the acquisition despite the COVID-19 crisis

'Fired' by Trump in 2005, ex-LPL adviser is suspended by Finra
NEWS BROKER DEALERS APR 02, 2020
'Fired' by Trump in 2005, ex-LPL adviser is suspended by Finra

Mark Lamkin borrowed $1.3 million from a client and didn't disclose it, according to the regulator

Party's over, Florida. Advisers see trouble looming in state's economy
NEWS WIREHOUSES APR 01, 2020
Party's over, Florida. Advisers see trouble looming in state's economy

A recession could be coming for the Sunshine State, says a Wells Fargo Securities analyst

Advisor Group plucks top LPL executive for senior role
NEWS BROKER DEALERS MAR 31, 2020
Advisor Group plucks top LPL executive for senior role

The network realigns management after its acquisition of Ladenburg Thalmann

Wells Fargo Advisors reverses plan to charge more clients an account fee
YOUR PRACTICE PRACTICE MANAGEMENT MAR 26, 2020
Wells Fargo Advisors reverses plan to charge more clients an account fee

The firm is altering a plan that was unpopular with some advisers