When compared to the stress levels of the general population, advisor stress levels are a bit scary.(Photo: Shutterstock)
Advisors are under stress, and use on-the-job coping mechanisms rather than avoidance techniques to deal with it.
That's according to a new survey from FlexShares, which reports that not only are advisors reporting an average stress level 23.3 percent higher than the national average, but the ways in which they deal with that stress differ from those used by many others.
Interestingly, although the survey was fielded in late 2018 during a time of high market volatility, it reports that many key findings from the 2017 version of the survey were unchanged—although advisors' stress levels were just a tad lower than in 2017, when they were 25 percent higher than national norms.
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Marlene Satter
Marlene Y. Satter has worked in and written about the financial industry for decades.
