Thirty-one psychologists who spoke to the ABC have stated they are ‘financially ruined’ after joining a counselling franchise in the Gold Coast.
Life resolutions was founded in 2001 by Mary Magalotti, a high-ranking executive of the Australian Psychology Society, and Jodie Brenton, who has a background in marketing and advertising.
Many psychologists borrowed heavily to buy into the franchise but found they were unable to repay their debts, claiming that the company charged large fees and failed to deliver clients in sufficient numbers.