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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NEWS INDUSTRY NEWS OCT 21, 2019
Merrill Lynch expands free trades for majority of online clients

Bank of America does away with limits on free trades for many during industry price war.

NEWS INDUSTRY NEWS OCT 21, 2019
Raymond James dips toe into commission-free trades

As industry race-to-zero accelerates, the broker-dealer offers free trades to small group of RIAs.

Morgan Stanley's James Gorman says pressure on advice fees could be next
NEWS INDUSTRY NEWS OCT 17, 2019
Morgan Stanley's James Gorman says pressure on advice fees could be next

Now that discount brokers have cut commissions to zero, CEO wonders if competition will heat up to reduce advisory fees.

NEWS INDUSTRY NEWS OCT 17, 2019
Morgan Stanley's James Gorman says pressure on advice fees could be next

Now that discount brokers have cut commissions to zero, CEO wonders if competition will heat up to reduce advisory fees.

Head count at Wells Fargo Advisors slips, but exits continue to slow
NEWS INDUSTRY NEWS OCT 15, 2019
Head count at Wells Fargo Advisors slips, but exits continue to slow

Meanwhile, the wealth management group sees a decline in assets due to net outflows.

How far will LPL move amid an industry price war?
NEWS INDUSTRY NEWS OCT 15, 2019
How far will LPL move amid an industry price war?

After Schwab and other brokerages cut some commissions to zero, LPL tells brokers it is 'exploring its options.'

SEC takes aim at second Cetera broker-dealer
NEWS REGULATION AND LEGISLATION OCT 15, 2019
SEC takes aim at second Cetera broker-dealer

Commission adds Cetera Advisor Networks to an earlier lawsuit alleging overcharging of funds.

NEWS INDUSTRY NEWS OCT 15, 2019
How far will LPL move amid an industry price war?

After Schwab and other brokerages cut some commissions to zero, LPL tells brokers it is 'exploring its options.'

NEWS REGULATION AND LEGISLATION OCT 15, 2019
SEC takes aim at second Cetera broker-dealer

Commission adds Cetera Advisor Networks to an earlier lawsuit alleging overcharging of funds.

Texas pulls license of adviser who sold Future Income Payments
NEWS INDUSTRY NEWS OCT 14, 2019
Texas pulls license of adviser who sold Future Income Payments

George Marwieh fraudulently sold $5 million of securities, says Texas regulator.