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A consultant has painted a worrying picture of practice principals and advice directors in mid-tier firms facing burnout as they wear too many hats when running a growing financial advice business.
Research has discovered worker morale has dropped compared last year. Although the research is broad-based, the report highlights recurring factors that have impacted the financial advice profession.
Studies have found the blurring of boundaries between home life and work has led to less exercise, which is generating worse mental health outcomes. Tim Hewson founded Mongrels Men to create a mental wellbeing-focused community and wants to remind the profession of the value of taking out time to prioritise individual physical and mental health.
ANZ’s life business re-launched under a new brand, while one of the major researchers expanded its managed account services. After two decades leading Xplan, Iress CEO Andrew Walsh announced his retirement.
The physical and mental toll of the Royal Commission recommendations has been laid bare in a survey with 80% reporting significantly increased stress levels and 21% saying they have considered self-harm.