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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Brian Block continues his legal fight to stay out of prison
INVESTING ALTERNATIVES MAR 21, 2019
Brian Block continues his legal fight to stay out of prison

A judge denied Mr. Block's motion for a new trial, but he wants another day in court.

Securities America hit with lawsuit seeking $18 million in damages
NEWS REGULATION AND LEGISLATION MAR 21, 2019
Securities America hit with lawsuit seeking $18 million in damages

Firm is dealing with the fallout from a rogue broker it fired a year ago.

Wells Fargo could be putting more of its focus on wealth management
YOUR PRACTICE PRACTICE MANAGEMENT MAR 20, 2019
Wells Fargo could be putting more of its focus on wealth management

Speculation is mounting that the bank is dumping some lines of business to focus on just a few areas, including financial advice.

Blucora to buy another broker-dealer with tax-focused advisers
NEWS BROKER DEALERS MAR 19, 2019
Blucora to buy another broker-dealer with tax-focused advisers

Blucora is paying $180 million in stock for 1st Global, with 850 advisers.

LPL's record recruiting year came with a cost — signing bonuses skyrocketed in 2018
NEWS BROKER DEALERS MAR 15, 2019
LPL's record recruiting year came with a cost — signing bonuses skyrocketed in 2018

The independent broker-dealer had $233.3 million in recruiting loans on its books, a 46% increase over 2017.

Ameriprise getting ready to launch its bank
NEWS INDUSTRY NEWS MAR 14, 2019
Ameriprise getting ready to launch its bank

Firm's advisers will soon have access to lending products such as mortgages.

First Republic snags another Wall Street veteran, this time from J.P. Morgan
NEWS INDUSTRY NEWS MAR 13, 2019
First Republic snags another Wall Street veteran, this time from J.P. Morgan

Michael S. Lee will run the New York territory for First Republic's wealth management business.

Morgan Stanley threatens to pull out of Nevada over state's fiduciary rule
NEWS REGULATION AND LEGISLATION MAR 13, 2019
Morgan Stanley threatens to pull out of Nevada over state's fiduciary rule

Wirehouse says it would not be able to work there under state's current proposal.

Concerns about GPB Capital trash hauling business come to the fore
INVESTING ALTERNATIVES MAR 12, 2019
Concerns about GPB Capital trash hauling business come to the fore

What did IBDs that sold GPB private placements know about its trash hauling companies?

Wells Fargo Advisors sweetens the pot for both older and younger advisers
YOUR PRACTICE PRACTICE MANAGEMENT MAR 11, 2019
Wells Fargo Advisors sweetens the pot for both older and younger advisers

Under the changes, retiring reps get a 25% bonus and younger advisers get help acquiring the business of those leaving the firm.