Financial advisors are under intense pressure and stress—even before the recent market rout. It’s Wall Street’s natural state. Indeed, 23 percent of the FAs surveyed by Dr. Alden Cass, s a licensed clinical psychologist, were diagnosed with clinical depression and 38 percent had mild-to-moderate symptoms. Cass, who specializes in treating financial advisors at Competitive Streak Consulting in New York, says advisors tend to be at higher risk for mental health problems than the general population. Brokers reported abusing alcohol and other substances, such as cocaine and amphetamines,” Cass says. “They also used sex as well as promiscuity to cope with their unrelenting stress.” How to protect your mental health.
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