The current federal government shutdown is creating meaningful friction in the advisory industry pipeline and altering growth dynamics in real time. Our data from AdvizorPro has been cited in multiple publications this month discussing how the shutdown is delaying registrations, piling up backlogs and threatening what could have been a milestone year for new advisory firm launches.

A piece in Financial Planning reported that breakaway advisor teams are stuck in limbo because the U.S. Securities and Exchange Commission registration process has stalled as the agency operates with minimal staff. The article highlights that although state level registrations still proceed, no federal approvals have been granted since the shutdown began.

An article in WealthManagement.com noted that according to AdvizorPro data, new RIA approvals were on track to surpass the previous annual record back in 2012 if the pre shutdown pace had held. The shutdown threatens to blunt that momentum and leave 2025’s total lower than projected despite year to date gains.

Staying Ahead When the Market Slows

These stories underscore how external policy events can have immediate ripple effects in the advisor channel and how AdvizorPro’s intelligence is helping the industry understand and anticipate these disruptions.

To explore how verified advisor and firm intelligence can help your team navigate uncertainty, review our insights on RIA target evaluation using data or see the latest shifts in advisor behavior in our Advisor Demographics Report. 

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