Just today in a session with one of my financial planner/investment advisor coaching clients, she talked about the "curse" of responsibility. You may have some notion of what she meant. I sure did. Most of us grew up being taught that being responsible was a good and noble thing, something we should develop and endeavor to use. In fact, I daresay that people in the financial services industry come with a pretty large dose of it.
Just as with every positive quality we have though, when taken to extreme, it's a liability. In the face of our current market situation, it is even more important to be able to discern the difference between what you are responsible for and what is not in your domain. You are responsible for how you communicate with your clients, the expertise you bring about this current economic situation and your investment philosophy. You are not responsible for their losses. You are responsible for keeping up with the situation and responding creatively. You are not responsible for their stress about it.
When you can differentiate what you can control or influence from what you cannot, then you can invest your energy and your time where it will truly make a difference. The rest is out of your hands.
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