Our Financial Services in Cheltenham

While the terms are often used interchangeably, there’s a subtle difference between a financial planner and a financial advisor. A financial planner usually takes a broader, long-term view — helping clients design a complete strategy that covers budgeting, investing, insurance, retirement, and estate planning. A financial advisor, on the other hand, may focus more on guiding investment decisions, portfolio management, or specific areas of finance. In Australia, both roles must meet strict licensing and education standards under ASIC. The best professionals combine both skill sets, offering holistic advice that aligns every part of your financial life with your personal goals.

How often you meet with a financial advisor depends on your life stage, goals, and how complex your finances are. Most people benefit from a review at least once a year to track progress, adjust strategies, and respond to changes in income, tax laws, or the economy. Major life events — like buying property, changing jobs, or nearing retirement — are also good times for a check-in. Regular reviews ensure your plan stays aligned with your evolving priorities and the latest financial opportunities. Even a short annual meeting can make a big difference in keeping you on track.

In Australia, financial advisors must meet strict education and ethical requirements set by ASIC (Australian Securities and Investments Commission). They typically need an approved bachelor’s degree or higher, pass the national financial adviser exam, and complete ongoing professional development. Many also hold advanced credentials such as FChFP (Fellow Chartered Financial Practitioner) or CFP (Certified Financial Planner), showing additional expertise. Advisors must be registered on the Financial Advisers Register (FAR), which lists their qualifications, experience, and licensee details. Checking this register helps ensure you’re working with a legitimate and qualified professional.