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How FAs Can Fight Stress

Financial advisors are more stressed out than their clients, according to a new study from the Financial Planning Association. More specifically, 71% of advisors are stressed out, while 63% of clients admit to feeling high or moderately stressed. So reports U.S. News & World Report.

angry 3233158 1920That stress appears to be growing, as 28% of FAs report being more stressed than a year ago.

The article suggests FAs can help manage their stress by:

  • Identifying stressors: whether it’s staying current with all regulatory requirements, shrinking margins, growing competition—or any number of things—it’s important to know the source of the stress so you can address it.
  • Controling what you can control
  • Accepting that you cannot control everything
  • Planning and organizing
  • Striving for work-life balance: this sounds easy, but it actually requires effort and discipline.
  • Maintaining a healthy lifestyle: this is a choice and you need to choose healthy habits.
  • Adopting a positive attitude: expecting the best, but preparing for the worse, is a helpful mentality to maintain.
  • Pursuing happiness in life: this can help reduce stress, or at least make stressful times more bearable.

Read the full article from U.S. News & World Report.

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