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
Displaying 3143 results
NEWS RIAS JAN 22, 2010
UBS' topped-up recruiting package lags plans at MSSB, Merrill Lynch

UBS Wealth Management Americas is beefing up its recruiting package in the chase for elite financial advisers, but the deal falls short of those recently offered by two top rivals.

NEWS INDUSTRY NEWS JAN 21, 2010
Does LPL's filing reveal an unspoken truth about indie B-Ds?

When it comes to controlling client assets, LPL Investment Holdings Inc.'s recent IPO registration offers clear proof that the remaining four wirehouse broker-dealers still dwarf the more diverse galaxy of independent broker-dealers.

NEWS BROKER DEALERS JAN 21, 2010
Broker-dealer industry revenue down 10%

The independent broker-dealer industry took a giant step backward last year, with the largest 25 firms collectively reporting a 10.3% drop in gross revenue.

NEWS BROKER DEALERS JAN 21, 2010
Who - or what - killed GunnAllen Financial?

As the stock market was climbing to its historical peak in late summer 2007, GunnAllen Financial Inc. executives told people that the firm was working to put the worst elements from its brief, intense past of breakneck growth behind it.

GunnAllen's top-producers bolt for a new broker-dealer
NEWS BROKER DEALERS JAN 21, 2010
GunnAllen's top-producers bolt for a new broker-dealer

The biggest-producing branch of dead-in-the water GunnAllen Financial Inc. is heading to a new independent broker-dealer, Aegis Capital Corp.

Finra shuts down GunnAllen
NEWS BROKER DEALERS JAN 21, 2010
Finra shuts down GunnAllen

Embattled firm said to be in net capital violation after eleventh-hour effort failed to raise fresh funds

Six broker-dealers subpoenaed over private placements
NEWS BROKER DEALERS JAN 21, 2010
Six broker-dealers subpoenaed over private placements

Massachusetts widens the net in its ongoing probe of private placements gone bad.

YOUR PRACTICE PRACTICE MANAGEMENT JAN 21, 2010
GunnAllen founders jumping to rival broker-dealer in wake of firm's collapse

After watching the fall of GunnAllen Financial Inc. become official this morning, the firm's founders —Donald James “Jay” Gunn and Richard Allen Frueh —are apparently moving to a rival broker-dealer.

YOUR PRACTICE PRACTICE MANAGEMENT JAN 08, 2010
Finra investigating Wells Fargo for possible Reg S-P violations

Finra is investigating Wells Fargo Advisors LLC to determine whether the firm of 16,000 advisers violated rules that protect private client information.

YOUR PRACTICE PRACTICE MANAGEMENT JAN 06, 2010
Rep who fought in Iraq sues his former brokerage

A veteran filed suit Friday against Wells Fargo Advisors for allegedly distributing his book of business to other brokers while he was in the Middle East.