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 3144 results
Will B-Ds sidestep disaster by cutting real estate investments?
INVESTING ALTERNATIVES APR 29, 2020
Will B-Ds sidestep disaster by cutting real estate investments?

The economy is largely shut down, making it difficult to determine the value of commercial real estate

Cetera loses more top executives
NEWS BROKER DEALERS APR 28, 2020
Cetera loses more top executives

This month alone, five members of the broker-dealer's senior staff have left

Cetera cuts REIT sales, loses senior recruiter
INVESTING ALTERNATIVES APR 24, 2020
Cetera cuts REIT sales, loses senior recruiter

Broker-dealers are pausing the sale of real estate products while the broader market absorbs the shock of the shutdown

Forget the bear! LPL is paying recruits like it's 2019
NEWS BROKER DEALERS APR 22, 2020
Forget the bear! LPL is paying recruits like it's 2019

Meanwhile, the giant IBD continues to evolve its business with a new offering targeting wirehouse advisers

Morgan Stanley's Gorman sees more remote work in future
NEWS WIREHOUSES APR 20, 2020
Morgan Stanley's Gorman sees more remote work in future

Will large firms look to cut real estate costs now that the pandemic has proved the viability of working from home?

Advisor Group latest B-D network to halt sales of real estate products
INVESTING ALTERNATIVES APR 17, 2020
Advisor Group latest B-D network to halt sales of real estate products

The giant IBD said real estate valuations have become murky as a result of the pandemic

Merrill Lynch pulls back on adviser trainee program
NEWS WIREHOUSES APR 15, 2020
Merrill Lynch pulls back on adviser trainee program

The COVID-19 pandemic made it impossible for in-person interviews of potential advisers

Wells Fargo earnings point to a tough 2020
NEWS WIREHOUSES APR 14, 2020
Wells Fargo earnings point to a tough 2020

First-quarter performance shows weakness across the board in the bank's wealth management business

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