The human cost of regulating an industry to death

The Australian financial advice industry is facing a mental health crisis as government and regulatory interventions take their toll on the wellbeing of wealth professionals.

According to the Association of Independent Financial Professionals, 16 financial advisers have taken their own lives so far this year.

The pressure that advisers are under is real, and the consequences can be devastating.

Too often we forget that there are human beings with families that make up a profession like financial advice.

While the government and regulators happily pursue a…