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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Wells Fargo Advisors imposes account fee on more clients
NEWS WIREHOUSES MAR 05, 2020
Wells Fargo Advisors imposes account fee on more clients

Households now need $500,000 in assets, up from $250,000, for Wells Fargo to waive the fee

Weak state oversight of insurance sales hurts investors and advisers
RETIREMENT LIFE INSURANCE AND ANNUITIES FEB 27, 2020
Weak state oversight of insurance sales hurts investors and advisers

Insurance salespeople had a part in selling the $1.2 billion Woodbridge Ponzi

LPL Financial spends big on recruiting in 2019
NEWS BROKER DEALERS FEB 24, 2020
LPL Financial spends big on recruiting in 2019

Forgivable loan balance jumps almost 45% as the firm reels in $35 billion in new assets

Morgan Stanley takes cue from Merrill with ETrade deal
NEWS WIREHOUSES FEB 20, 2020
Morgan Stanley takes cue from Merrill with ETrade deal

Will ETrade become a part of its business where Morgan Stanley can vet young advisers?

Rudy Adolf takes swipe at  wirehouse brokerage after Morgan deal
NEWS RIAS FEB 20, 2020
Rudy Adolf takes swipe at wirehouse brokerage after Morgan deal

Focus Financial CEO says Morgan Stanley's purchase of ETrade shows traditional brokerage model is broken

GPB's legal woes mount with fresh lawsuit from Volkswagen
INVESTING ALTERNATIVES FEB 19, 2020
GPB's legal woes mount with fresh lawsuit from Volkswagen

At the center of the complaint is a dispute about which side controls three auto dealerships: GPB or Volkswagen

SEC calls out ‘egregious’ acts of barred executive
INVESTING ALTERNATIVES FEB 14, 2020
SEC calls out ‘egregious’ acts of barred executive

Kimberly Springsteen-Abbott misused investor money, according to the commission's review of her barring by Finra

A convicted felon barred twice from selling securities, this adviser clings to insurance
RETIREMENT LIFE INSURANCE AND ANNUITIES FEB 13, 2020
A convicted felon barred twice from selling securities, this adviser clings to insurance

What does it take for an insurance agent to lose his license?

Merrill Lynch taps new lieutenant for Andy Sieg's growth plan
YOUR PRACTICE PRACTICE MANAGEMENT FEB 12, 2020
Merrill Lynch taps new lieutenant for Andy Sieg's growth plan

Craig Young was promoted to a national position in which he will coordinate strategy across the firm

GPB fails to deliver tax documents to private placement investors
INVESTING ALTERNATIVES FEB 10, 2020
GPB fails to deliver tax documents to private placement investors

Schedule K-1 forms won't arrive in time for tax season for investors in GPB Automotive Portfolio, one of the company's two largest funds