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 3126 results
YieldStreet, investors, reach $6.2 million settlement over sunken ship scrap deal
NEWS REGULATION AND LEGISLATION OCT 30, 2024
YieldStreet, investors, reach $6.2 million settlement over sunken ship scrap deal

“YieldStreet raised money and some of the ships disappeared,” one attorney says.

Decked out as Elvis, LPL Financial’s Steinmeier is in the building
NEWS INDUSTRY NEWS OCT 29, 2024
Decked out as Elvis, LPL Financial’s Steinmeier is in the building

LPL's new CEO Rich Steinmeier squeezed into an Elvis outfit on Friday to celebrate Halloween.

Broker who acted as his own lawyer loses $122,000 arbitration claim
NEWS REGULATION AND LEGISLATION OCT 29, 2024
Broker who acted as his own lawyer loses $122,000 arbitration claim

"Beating up on a broker who is not represented by an attorney is akin to taking candy from a baby,” says one attorney.

Advisor recruiting slips at Stifel, surges at Raymond James
NEWS INDUSTRY NEWS OCT 25, 2024
Advisor recruiting slips at Stifel, surges at Raymond James

“Recruiting is more intense than ever," one headhunter says.

As Osaic consolidation winds down, are job cuts on the horizon?
NEWS RIAS OCT 23, 2024
As Osaic consolidation winds down, are job cuts on the horizon?

“With this rapid pace of change, there is always the potential for attrition and elimination of duplicative roles as natural outcomes," said Dimple Shah, executive vice president.

Arizona strips license rep who 'fraudulently sold' GPB private placements
NEWS REGULATION AND LEGISLATION OCT 22, 2024
Arizona strips license rep who 'fraudulently sold' GPB private placements

Finra suspended the broker, Luke Johnson, earlier this year.

LPL charges that Ameriprise pays 'lip service' to independent advisors in latest lawsuit salvo
NEWS RIAS OCT 18, 2024
LPL charges that Ameriprise pays 'lip service' to independent advisors in latest lawsuit salvo

“These kinds of lawsuits have a chilling effect on the free market,” one attorney notes.

Wells Fargo Advisors keeps advisor pay stable in 2025
NEWS WIREHOUSES OCT 17, 2024
Wells Fargo Advisors keeps advisor pay stable in 2025

“Advisors from the banks are coming to Wells Fargo to find out more," says one well-placed source.

Morgan Stanley latest wirehouse to reel in bundle of fresh client assets
NEWS INDUSTRY NEWS OCT 16, 2024
Morgan Stanley latest wirehouse to reel in bundle of fresh client assets

"It is clear that the industry is benefiting from strong tailwinds," one analyst notes.

Bank of America wealth management reports boost in fresh fee-based assets
NEWS WIREHOUSES OCT 15, 2024
Bank of America wealth management reports boost in fresh fee-based assets

“There was also cash moving off the sidelines,” one Merrill executive noted.