Wellness Survey Shows Advisors are Stressed, but Professionally Satisfied

The survey also found differences among advisors based on the level of services offered to clients. Advisors who described their role more holistically in terms of “wealth management” or “financial planning,” were 31 percent more stressed than those who described their role solely in terms of “investment management.”

“As advisors shift towards managing an increasing portion of their clients’ financial lives through comprehensive wealth planning, our results show this may lead to greater levels of stress,” said David Partain, Head of Marketing at FlexShares. “By working with external partners that prioritize their success and well-being, advisors can better manage these changes and lead more fulfilling, satisfied lives.”

Gaining Peace of Mind

In addition to identifying the sources of their stress, advisors were asked to detail how they’re managing this stress. Confirming last year’s survey findings, FlexShares again found that advisors who change their work habits, such as time management, delegation, and enhancing client relationships, are more likely to reduce stress than those who rely on methods outside of work, like meditation, exercise, or leisure activities.

Those who used outside of work strategies were 19 percent more stressed than advisors who implemented on-the-job changes. This shows that the best way for advisors to handle the stresses of the job is to tackle them head on.

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