Although independent registered investment advisors are optimistic about the future of their businesses and the stock market, they are worried about the time and money associated with pending regulatory changes, according to a new survey released on Monday by TD Ameritrade Institutional, a division of TD Ameritrade.
TD Ameritrade Institutional’s quarterly survey of 500 RIAs shows that 70% of RIAs surveyed responded that their firms experienced growth in the last six months, up 15% from the previous year. Yet RIAs are taking market share traditional full-commission firms, with 64% of RIAs reporting that the source of their new business is coming from broker/dealers and wirehouses, up 7% from the prior year.
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