Advisers report burnout, breaking point: ResearchBY KARREN VERGARA | TUESDAY, 25 MAY 2021 12:18PM High levels of stress and anxiety are tempting 42% of financial advisers to exit the industry, as reports of burnout underscore the toll their work is taking on their physical and mental health, new research suggests. |
Editor's Choice
ASIC to take 'balanced' stance on super advertising ban rules
|The corporate regulator said it promises to take a "balanced" approach to enforcing new rules around any advertising of superannuation funds during the employee onboarding process, which take effect in a few weeks.
BlackRock expands active ETF range
|BlackRock is set to expand its Australian ETF range with the launch of the iShares World Equity High Income Complex ETF (ASX: WYNC), an actively managed strategy targeting investors seeking both income and broad global equity exposure.
T. Rowe Price names head of intermediary for Australia
|T. Rowe Price has appointed a head of intermediary for Australia, following a three-month absence in the role after Jonathan Ross' departure in March.
FEATURE | Aged care: The longevity dividend
It's not just Australia that is dealing with an aging population, in fact the World Health Organisation estimates by 2030, one in six people will be aged 60 years or over.
Products
Expert Feed
When geopolitics becomes a portfolio risk
Geopolitics is back - again - and Australian investors can no longer treat it as distant background noise.
Does association membership still matter?
With all the changes the advice sector has experienced in recent years, such as regulatory reform and increased education and professional standards ...
Digital assets and where they stand in 2026
So far in 2026 digital assets have captured the headlines largely for the wrong reasons, but that doesn't tell the full story.
Rethinking default design in a changing market environment
The evolution underway in the US DC system highlights the value of periodically reassessing default design assumptions.
Featured Profile
Brian Redican
CHIEF ECONOMIST
NEW SOUTH WALES TREASURY CORPORATION
NEW SOUTH WALES TREASURY CORPORATION
What makes an economist an economist? TCorp chief economist Brian Redican reflects on over three decades of navigating Australia's economic cycles. Riddhima Talwani writes.
The Government and people involved should feel ashamed for instigating this circumstance for a group of working people
The real cause for concern is the vast body of advisers who have not sought medical help, but nevertheless slog on under the unprecedented onslaught of savage bureaucratic imposts that have undermined the viability of the majority of financial advisers' businesses.
The quantity and frequency of ASIC-invented compliance requirements - for example, having to duplicate and often triplicate adviser fee reporting on a repeated basis, plus the sheer quantity of mindless, usually confusing communications imposed on Clients - has clearly and deliberately been designed by ASIC to undermine the efficiency and viability of the profession.
The affected advisers who remain in practice do so out of loyalty and fidelity to their Clients, and despite their savagely reduced earnings and crippling ASIC-imposed increased costs.
Has ever a profession been so victimized?
We have to ask Why?
Sadly everyone is either too busy doing compliance paperwork or too depressed to comment.