Are You as Happy as Your Clients?
Advisor Perspectives welcomes guest contributions. The views presented here do not necessarily represent those of Advisor Perspectives.
You spend a lot of time worrying about the well-being of your clients, but what about your level of happiness?
According to NAPA, nearly one-third of advisors complain they don’t have enough time to spend with clients and are overwhelmed with compliance and administrative duties. The study found many advisors have become “apathetic about their situation.”
CareeerExplorer conducts an ongoing survey , asking millions of people how satisfied they are with their careers. Financial advisors rated their career happiness at 2.7 out of 5 stars, “which puts them in the bottom 10% of careers.”
Advisors in an Australian study reported high levels of depression.
By some estimates, over 90% of financial advisors don’t remain in the profession for three years.