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 BROKER DEALERS MAY 23, 2014
Larry Roth's doing a lot more than selling nontraded REITs

There's hard evidence that he has been the architect behind Nick Schorsch's growing broker-dealer empire.

INVESTING ALTERNATIVES MAY 23, 2014
REIT firm KBS battling Schorsch's American Realty Capital over claim of trade secret theft

Nicholas Schorsch's American Realty Capital Advisors and rival nontraded-REIT sponsor KBS Capital Advisors are locked in a legal battle over proprietary information and trade secrets. Bruce Kelly reports.

INVESTING ALTERNATIVES MAY 23, 2014
Nontraded REIT Inland Diversified Real Estate Trust to merge with Kite Realty Group Trust

Inland Diversified Real Estate Trust has agreed to merge with a publicly traded REIT in a $2.1 billion all-stock deal. The transaction represents average annualized return of 8% for investors. Bruce Kelly reports.

NEWS BROKER DEALERS MAY 23, 2014
Erica McGinnis' big plans for Advisor Group are taking shape

NEWS BROKER DEALERS MAY 22, 2014
Erinn Ford named president of Cetera Advisors

Move is the latest in a series of management changes at Cetera Financial Group.

YOUR PRACTICE PRACTICE MANAGEMENT MAY 21, 2014
Allison Couch rejoining the AIG Advisor Group

Moving in to new position as executive VP for national sales.

INVESTING ALTERNATIVES MAY 21, 2014
Schorsch snaps up Cetera for $1.15B

In a head-turning move, newcomer to the independent broker-dealer industry Nicholas Schorsch is pulling off the largest independent-broker-dealer acquisition in years, with a cash deal to buy Cetera Financial Group.

INVESTING ALTERNATIVES MAY 20, 2014
Regulators have an uphill battle to bring transparency to illiquid investments

Bringing light and due diligence should be a priority for the investment advice industry.

NEWS BROKER DEALERS MAY 13, 2014
Donald Runkle, ex-chief compliance officer for Raymond James Financial Services, joining law firm

Plans to help Edgerton & Weaver, which specializes in representing B-Ds, RIAs and registered reps, build its consulting business.

Shake-up at Schorsch subsidiary First Allied Securities
NEWS BROKER DEALERS MAY 13, 2014
Shake-up at Schorsch subsidiary First Allied Securities

One of Nicholas Schorsch's RCS Capital broker-dealer subsidiaries has an analyst questioning its future management structure after a change in the B-D's leadership.