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 the results of a 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 past six months, up 15% from a year earlier. But 59% of RIAs surveyed said their biggest worry with pending regulatory reform is the time and money they will need to dedicate to meet the new compliance requirements. The results were released Monday.

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