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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INVESTING ALTERNATIVES JUN 21, 2013
American Realty Capital strikes $2.2B deal for a traded REIT

American Realty Capital strikes a $2.2B deal for traded REIT CapLease as ARC CEO Nicholas Schorsch shakes off his recent Cole bid failure. Bruce Kelly has all the details.

NEWS BROKER DEALERS JUN 20, 2013
Commonwealth Financial, LPL set big executive changes

Commonwealth's Wheeler moving up; LPL adds Morgan Stanley's Oroschakoff to be new risk officer.

RETIREMENT RETIREMENT PLANNING JUN 20, 2013
Five IBDs in $7M settlement over nontraded-REIT sales

Galvin's tally for investors this year tops $11M, fines reach $1.4M

INVESTING ALTERNATIVES JUN 20, 2013
Nontraded REIT Cole in sweetheart deal with sponsor, manager

Nontraded REIT merger includes big upfront payout to management and company founder. Bruce Kelly has the details.

NEWS INDUSTRY NEWS JUN 19, 2013
15 transformational advisers: Mark Cortazzo

Mark Cortazzo likes to think a few years into the future.

INVESTING ALTERNATIVES JUN 19, 2013
Nontraded REIT halts fundraising, seeks new broker-dealer

United Realty Trust shelves IPO until it can replace struggling Allied Beacon

NEWS BROKER DEALERS JUN 18, 2013
Reps: Get the lowdown on your firm

The tale of American Beacon Partners, a midsize broker-dealer that found itself staring at an uncertain financial future last week, is a lesson in due diligence for reps seeking a change.

NEWS BROKER DEALERS JUN 18, 2013
Questions raised about broker-dealer's financial health

Questions are being raised about the financial health of Allied Beacon. A rep and several recruiters say the midsize broker-dealer has informed advisers it's in violation of the SEC's net-capital requirements.

RETIREMENT RETIREMENT PLANNING JUN 16, 2013
CEO vows B-D will maintain independence

RETIREMENT RETIREMENT PLANNING JUN 16, 2013
Former CFO of a Thompson REIT slapped for weak due diligence