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 leaves pay plan mostly intact for 2021
YOUR PRACTICE PRACTICE MANAGEMENT DEC 16, 2020
Morgan Stanley leaves pay plan mostly intact for 2021

But teams are staring at new hurdles tied to assets, financial plans and online brokerage

LPL offers stay bonuses to Waddell & Reed advisers
NEWS BROKER DEALERS DEC 16, 2020
LPL offers stay bonuses to Waddell & Reed advisers

The deals reportedly range from 30% to 50% of an adviser's prior year's revenues

UBS snags $9 billion team from J.P. Morgan Private Bank
YOUR PRACTICE PRACTICE MANAGEMENT DEC 15, 2020
UBS snags $9 billion team from J.P. Morgan Private Bank

The Atlanta-based team is led by Jeff Lewis, Steve May and John McColskey

Morgan Stanley loses appeal of $3.3 million award
NEWS WIREHOUSES DEC 15, 2020
Morgan Stanley loses appeal of $3.3 million award

The U.S. Court of Appeals affirms an earlier ruling against Morgan Stanley in a case regarding the sale of Puerto Rico bonds

RIAs see business go south
NEWS RIAS DEC 14, 2020
RIAs see business go south

Large registered investment advisers in the Northeast have watched their assets diminish in 2020, even as the broader market reached fresh highs

Adviser moves are hopping as 2020   — finally — comes to a close
NEWS OPINION DEC 11, 2020
Adviser moves are hopping as 2020 — finally — comes to a close

Advisers are dashing for the door before the end of an eventful year turned upside down by COVID-19

How much are nontraded REITs really worth?
NEWS OPINION DEC 10, 2020
How much are nontraded REITs really worth?

Advisers don't like it when REIT valuations bounce all over the place

Wells Fargo reps to jump higher 'hurdle' in 2021 pay grid
YOUR PRACTICE PRACTICE MANAGEMENT DEC 10, 2020
Wells Fargo reps to jump higher 'hurdle' in 2021 pay grid

The target to reach the higher payout will increase by $1,000 per month next year which could pinch adviser compensation

Advisor Group still facing hurdles on debt: Fitch Ratings
NEWS BROKER DEALERS DEC 07, 2020
Advisor Group still facing hurdles on debt: Fitch Ratings

The rating agency kept its junk rating of B- for Advisor Group bonds

Merrill Lynch hit with record $26 million action over broker churning
NEWS WIREHOUSES DEC 07, 2020
Merrill Lynch hit with record $26 million action over broker churning

New Hampshire Bureau of Securities Regulation called the settlement the 'largest monetary sanction' in the regulator's history