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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UBS wealth management profits up 16% in latest quarter
NEWS WIREHOUSES JUL 24, 2018
UBS wealth management profits up 16% in latest quarter

The company said the increase was due to revenue growth and improving operational efficiencies.

Cetera brokers may go elsewhere with no stay bonuses on horizon
YOUR PRACTICE PRACTICE MANAGEMENT JUL 20, 2018
Cetera brokers may go elsewhere with no stay bonuses on horizon

Some may feel spurned and leave, while others will simply shrug off latest slight and stay.

Will Wells Fargo Advisors force brokers to become salesmen only?
NEWS INDUSTRY NEWS JUL 19, 2018
Will Wells Fargo Advisors force brokers to become salesmen only?

Some advisers fear that Wells Fargo is moving to standardize all investment decisions.

Cetera Financial Group brokers taking wait-and-see attitude on sale
NEWS INDUSTRY NEWS JUL 19, 2018
Cetera Financial Group brokers taking wait-and-see attitude on sale

One issue in the wake of the firm's acquisition is whether they will be paid 'stay bonuses' to remain at the brokerage.

No 'stay bonuses' for Cetera Financial Group reps
YOUR PRACTICE PRACTICE MANAGEMENT JUL 19, 2018
No 'stay bonuses' for Cetera Financial Group reps

Firm confirms brokers will not be offered retention bonuses to stay on after acquisition by Genstar Capital.

Morgan Stanley CEO is happy that brokers are staying put
YOUR PRACTICE PRACTICE MANAGEMENT JUL 18, 2018
Morgan Stanley CEO is happy that brokers are staying put

Firm has seen little attrition since it dumped the broker protocol last fall, Gorman says.

Cetera Financial Group close to announcing its acquisition by private equity
NEWS INDUSTRY NEWS JUL 17, 2018
Cetera Financial Group close to announcing its acquisition by private equity

Details of sale to one or more P-E firms could be announced as early as today.

Merrill Lynch: Compensation plan paying off in new business
YOUR PRACTICE PRACTICE MANAGEMENT JUL 16, 2018
Merrill Lynch: Compensation plan paying off in new business

Wirehouse said gross new household acquisitions by experienced advisers were up 71% in the first half of the year.

Wells Fargo Advisors continues to see a decline in brokers
NEWS WIREHOUSES JUL 13, 2018
Wells Fargo Advisors continues to see a decline in brokers

Company also set aside $114 million over fees for rich clients.

Are nontraded REIT sales back from the dead?
INVESTING ALTERNATIVES JUL 12, 2018
Are nontraded REIT sales back from the dead?

Sales could hit $5.1 billion this year, up from $4.2 billion in 2017, according to Robert A. Stanger & Co. Inc.