Bruce Kelly

Senior Columnist, Independent Broker-Dealers and Wirehouses

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A former middle school and high school English teacher, Bruce Kelly started at Mopedia 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.

[email protected]


Recent Articles


How confusing are the fees brokers charge?

Nov 9, 2017

Although a common cost estimate is 100 basis points of assets under management, a new Personal Capital report finds advisory fees at large firms ranging from 1.25% to 3%

Exit big

LPL loses another big team to Securities America

Nov 9, 2017

Professional Investors Network, with 70 advisers and $1.7 billion in assets, was affiliated with NPH

Merrill Silhouette

Merrill Lynch releases new compensation plan

Nov 8, 2017

Advisers bringing in enough accounts will be rewarded, those falling short will see compensation cut


LPL says it's on track to recruit 70% of National Planning Holdings revenue

Nov 8, 2017

Rivals have picked off some big NPH teams, but LPL said it is getting the lion's share of revenue from the acquisition

Fired terminated adviser

Finra bars two Schorsch-linked ex-salesmen in proxy scam

Nov 7, 2017

Former wholesaler and registered rep worked for now-defunct Realty Capital Securities


LPL cuts fees for advisers using its corporate RIA platform

Nov 6, 2017

The independent broker-dealer is increasing reimbursement fees for advisers using its strategic asset management platform, or SAM


SEC investigates potential fraud of $1 billion at California firm

Nov 3, 2017

The commission sent subpoenas to 235 LLCs it believes are connected to the Woodbridge Group of Companies, inquiring about the possible improper sale of securities


Morgan Stanley advisers feel burned by broker protocol exit

Nov 3, 2017

Some reps, including those already thinking of leaving, say the firm only cares about the bottom line

LPL Sign

Former LPL broker loses $30 million claim against old firm

Nov 2, 2017

Two of the three Finra arbitrators split their decisions in the case of James E. 'Jeb' Bashaw, a one-time star at LPL who was fired in 2014


Morgan Stanley dumps broker recruiting protocol

Oct 30, 2017

Brokers moving to a new firm would be forbidden for 12 months from contacting clients once they left

View all stories by Bruce »

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