Burned Out Advisers No Help to Clients

Patrick R. McDowell, CFP®, AIF® was quoted in a Wall Street Journal article by Veronica Dagher discussing different tactics to prevent advisor burnout.

One good habit that therapists recommend: Think regularly and consciously about why you are in the advising business.

Patrick McDowell, an adviser in Miramar Beach, Fla., uses a version of this tactic when he starts to feel the burn. He leafs through photographs of his clients on his customer-relationship management software. “When I actually see the faces of the people I’m trying to help, it brings me back to why I do it,” he says. His firm, Arbor Wealth Management, manages about $110 million in client assets.