A tale of two pandemics
Canada was already in the midst of a mental health crisis prior to COVID-19. The pandemic has both magnified and added to this crisis and advisors have witnessed the negative impact on their Clients’ mental health, their colleagues, their families and themselves.
- 1 in 5 will experience a mental health problem or illness in any given year1
- 1 in 2 will have/had a mental illness by age 402
- 60% of Canadians are currently experiencing mental health issues2
- 56% of Canadians said COVID-19 is negatively impacting their mental health3
Mental health and the financial advice relationship
As your Clients’ trusted advisor, you see firsthand the connection between financial health and mental health. You’re in a unique position to notice when a Client might be experiencing mental health concerns. However, most advisors feel ill-equipped to provide mental health support and can lack the confidence to have conversations with Clients they are worried about. They can also struggle to maintain their own mental health under the pressure of dealing with Clients and managing their own businesses in this challenging environment. Grow your confidence around how and when to talk about mental health with Clients and use these conversations as opportunities to build trust and create Clients for life.