Many Australian financial advisers are working late into the night it seems four weeks out from the changes to superannuation window closing, with more than a quarter of the industry clocking more than 50 hours a week in the office.
The findings stem from the opinions of 1,350 financial advisers who participated in an extensive piece of reseacrch undertaken by burningpants parent brandmanagement in May.
A staggering 173 advisers out of the sample of 1,350 are working 60 hours per week, while 12 planners pointed to working a marriage-breaking more than 75 hours per week.
The findings reflects other research, also by a burningpants stablemate – CoreData.
Back in February, the CoreData Adviser Sentiment Index’s Q2 outlook indicated advisers where strongly bullish that the period between April and the end of the financial year was going to be an extremely positive but busy one for planners given the appoaching deadline for clients to act on the Government’s superannuation changes.