Burned out? How financial planners can recognize and survive it

The Globe and Mail – By Audrey Carleton

Commission-based work paired with long, unpredictable hours can be a recipe for burnout. Experienced advisors offer tips on rest, recuperation and productivity

MaryAnn Kokan-Nyhof began her career as a financial planner in 1998 after giving birth to her third child.

“I was breastfeeding my son and working 16-hour days. I had to make phone calls and meet with people or I wasn’t going to get paid,” says Ms. Kokan-Nyhof, recalling how she struggled to build a client roster and earn enough commission to help support her family.

Ngoc Day, a certified financial planner at Macdonald Shymko & Company Ltd. in Vancouver, has found exercise and personal hobbies, such as playing the piano, to be the most effective outlets for releasing stress and finding personal meaning beyond her professional success. She attributes her ability to avoid burnout for the duration of her nearly 20-year career to these activities.

“Every morning I go in and I spend an hour in either the gym or the pool. And I find that really helps set me up right for the day. I find that if I get too busy and I’ll say ‘Oh no, I’ll skip the exercise and I’ll get to work earlier to get ahead in the day,’ I find that by mid-afternoon I’m really tired, I’m not focusing anymore, I’m not fresh anymore.”

 

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