AIA Wellbeing Survey Highlights Need for Greater Self-Development Among Financial Advisers

Highlights:

• Modest Increase in Self-Development Engagement: The AIA Wellbeing Survey reveals a slight rise in self-development activities among financial advisers from 3.88% in 2021 to 4.03% in 2023, indicating a need for greater emphasis on personal growth.
• Reframing Self-Development: Anna Schubert of AIA New Zealand advocates for a broader approach to self-development, focusing on personal well-being and self-care to better support clients, rather than just professional certifications.
• Practical Self-Development Tips: The survey highlights the benefits of self-development for resilience and client interactions. AIA offers tools like the "5 to Thrive" challenge and the seven Rs of Recovery to help advisers incorporate effective self-care practices into their routines.

Self-Development Scores See Modest Increase

According to the latest AIA Wellbeing Survey of Financial Advisers, self-development activities have slightly increased from 3.88% in 2021 to 4.03% in 2023. Despite this modest improvement, overall engagement remains low, underscoring a significant area for growth within the industry.

Reframing Self-Development for Financial Advisers

Anna Schubert, Head of IFA and Group Distribution at AIA New Zealand, emphasizes the need to reframe the conversation around self-development. Rather than focusing solely on Continuing Professional Development (CPD) or achieving specific certification levels, Schubert advocates for a broader commitment to personal well-being. "It’s about making time for yourself and prioritizing your own needs," she explains. Advisers should view self-development as essential for maintaining their ability to support clients effectively, akin to putting on one’s own oxygen mask first in an emergency.

Practical Tips for Effective Self-Development

The survey highlights that self-development fosters resilience, optimism, and better client interactions. AIA supports this with tools like AIA Vitality coaching and resources available on their website. Schubert suggests that advisers incorporate the seven Rs of Recovery into their routines: Reset with breathing techniques, Refuel with good nutrition, Re-energize through physical activity, Rehydrate, and Rest strategically. She also advises against using alcohol as a stress reliever, noting its negative impact on sleep and overall well-being.

To further support self-development, AIA Vitality has launched the "5 to Thrive" challenge, encouraging participants to commit to five actions for a healthier life. This initiative aims to foster habits such as increased hydration, enhanced social connections, and new fitness activities.

By integrating these practices, financial advisers can improve their well-being, adaptability, and effectiveness in their professional roles, ultimately benefiting both themselves and their clients.

Disclaimer for Kapitales Research

The materials provided by Kapitales Research, including articles, news, data, reports, opinions, images, charts, and videos ("Content"), are intended for personal, non-commercial use only. The primary goal of this Content is to educate and inform readers. This Content is not meant to offer financial advice, nor does it include any recommendation or opinion that should be relied upon for making financial decisions.

Certain Content on this platform may be sponsored or unsponsored, but it does not serve as a solicitation or endorsement to buy, sell, or hold any securities, nor does it encourage any specific investment activities. Kapitales Research is not authorized to provide investment advice, and we strongly advise users to seek guidance from a qualified financial professional, such as a financial advisor or stockbroker, before making any investment choices.

Kapitales Research disclaims all liability for any direct, indirect, incidental, or consequential damages arising from the use of the Content, which is provided without any warranties. The opinions expressed by contributors or guests are their own and do not necessarily reflect the views of Kapitales Research.

Media such as images or music used on this platform are either owned by Kapitales Research, sourced through paid subscriptions, or believed to be in the public domain. We have made reasonable efforts to credit sources where appropriate. Kapitales Research does not claim ownership of any third-party media unless explicitly stated otherwise.

Customer Notice:

Nextgen Global Services Pty Ltd trading as Kapitales Research (ABN 89 652 632 561) is a Corporate Authorised Representative (CAR No. 1293674) of Enva Australia Pty Ltd (AFSL 424494). The information contained in this website is general information only. Any advice is general advice only. No consideration has been given or will be given to the individual investment objectives, financial situation or needs of any particular person. The decision to invest or trade and the method selected is a personal decision and involves an inherent level of risk, and you must undertake your own investigations and obtain your own advice regarding the suitability of this product for your circumstances. Please be aware that all trading activity is subject to both profit & loss and may not be suitable for you. The past performance of this product is not and should not be taken as an indication of future performance.

Kapitales Research, Level 13, Suite 1A, 465 Victoria Ave, Chatswood, NSW 2067, Australia | 1800 005 780 | info@kapitales.com