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 JUL 28, 2013
Carson acquires $218M AUM hybrid

Plans to complete up to eight such deals this year.

NEWS BROKER DEALERS JUL 28, 2013
LPL right to eliminate 'self-supervision'

Beginning in 2015, firm to charge its reps for outside supervision.

INVESTING ALTERNATIVES JUL 26, 2013
Troubles mount as Tony Thompson's nontraded REIT halts dividends

TNP Strategic Retail Trust cites loan compliance issues with lenders.

NEWS BROKER DEALERS JUL 25, 2013
Finra panel sets $18.5 million award against defunct B-D

Action related to Provident Royalties, found to be a Ponzi scheme.

INVESTING ALTERNATIVES JUL 24, 2013
Five IBDs in $7M settlement over nontraded-REIT sales

Ameriprise and four other IBDs agreed to pay fines and restitution in a deal with Massachusetts securities cop William Galvin. The state's action is the latest in a series of crackdowns on the sale of nontraded REITs.

NEWS RIAS JUL 24, 2013
Relationship between Wall Street and independents grows

Big guns making inroads but it's not an easy task as winning trust is key to the holy grail.

NEWS BROKER DEALERS JUL 23, 2013
Interest rate spike boosts fortunes of broker-dealers

Citi analyst upgrades Schwab to buy, boosts price targets for LPL, TD Ameritrade.

NEWS BROKER DEALERS JUL 21, 2013
Stand-alone LPL reps to see big fee hike

Firm will no longer allow one-person shops to supervise themselves.

NEWS REGULATION AND LEGISLATION JUL 18, 2013
Finra's financial woes no recipe for viability

SRO recorded substantial losses in 2012

INVESTING ALTERNATIVES JUL 17, 2013
Nontraded-REIT party is about to commence

A half dozen nontraded REITs are planning 'liquidity events' that could float investors' boats. Bruce Kelly has the details.