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
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LPL adding hours to its back office
NEWS BROKER DEALERS MAR 19, 2020
LPL adding hours to its back office

The firm will be open for advisers' business on Saturdays, too

Edward Jones asks advisers to halt face-to-face meetings with clients
NEWS BROKER DEALERS MAR 18, 2020
Edward Jones asks advisers to halt face-to-face meetings with clients

The firm is one of many in the brokerage industry making changes to work policies in response to the coronavirus

Business development companies under pressure from coronavirus fallout
INVESTING ALTERNATIVES MAR 17, 2020
Business development companies under pressure from coronavirus fallout

IBDs sold more than $22 billion of the high-commission product over the past decade

Financial advice industry shuffles conference schedules
NEWS REGULATION AND LEGISLATION MAR 16, 2020
Financial advice industry shuffles conference schedules

A broad array of companies is changing calendars due to the COVID-19 virus

When it comes to RIA custody, how big is too big?
NEWS RIAS MAR 15, 2020
When it comes to RIA custody, how big is too big?

The DOJ’s antitrust squad has its eye on the RIA landscape, focusing on the Schwab-TD combo. The merger of these two companies may be too formidable to pass muster

GPB auditors to get back to work
INVESTING ALTERNATIVES MAR 13, 2020
GPB auditors to get back to work

The company told investors in November that a required audit was being postponed

As Wall Street dives, what’s the plan at Wells Fargo Advisors?
NEWS WIREHOUSES MAR 12, 2020
As Wall Street dives, what’s the plan at Wells Fargo Advisors?

The wirehouse's advisers will be closely watching its new leaders

Legal woes mount for Advisor Group broker-dealer that sold GPB funds
INVESTING ALTERNATIVES MAR 11, 2020
Legal woes mount for Advisor Group broker-dealer that sold GPB funds

Triad Advisors reported three new investor claims related to the sale of the private placements

Broker-dealers must stay on their toes amid coronavirus: Finra
YOUR PRACTICE PRACTICE MANAGEMENT MAR 09, 2020
Broker-dealers must stay on their toes amid coronavirus: Finra

B-Ds should consider having employees and advisers work remotely or from home due to the pandemic, regulator says

Wells Fargo cuts outlook for brokerages amid outbreak
NEWS INDUSTRY NEWS MAR 06, 2020
Wells Fargo cuts outlook for brokerages amid outbreak

The report slashed share price estimates by 22% on average