Over the last few years the role of a financial advisor has continually evolved. Additional proposed changes are to come into effect from the end of 2012. The aim is to provide improved clarity, professionalism and higher qualifications within the industry.

Regardless of change, the things that have always remained constant are the financial needs and objectives of the client.

If I try to sum up in a few sentences why clients seek advice from a financial advisor it would be:

"To improve their financial position in a cost effective way, whilst making use of effective tax planning and investment opportunities without increasing the level of risk they feel comfortable with.  They also would like the financial advisor to provide a clear strategy on debt reduction over the long term and offer advice on areas of financial planning they might not have considered."

The financial objectives of clients will always remain central to the financial planning regardless of the regulatory changes that might occur.