Although independent registered investment advisers 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 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 from 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.

Subscribe Now

Access to premium content including in-depth coverage of mutual funds, hedge funds, 401(K)s, 529 plans, and more.

3-Week Free Trial

Insight and analysis into the management, marketing, operations and technology of the asset management industry.