Which factor would not typically influence the development of a financial plan for a client?

The development of a financial plan for a client is primarily influenced by personal factors that directly align with the client's individual needs and goals. Personal client goals, such as retirement targets, children's education funding, or specific savings objectives, play a crucial role in shaping a financial strategy tailored to the client's aspirations and circumstances.

Market trends and the approximate inflation rate are also relevant as they influence investment opportunities and the real value of money over time, hence affecting the client's financial decisions. Investment returns may be influenced by market dynamics, while inflation impacts how much clients need to save to maintain their purchasing power.

Local regulations, while important for compliance purposes, are typically not a primary driver in crafting an individualized financial plan. These regulations may set the framework for certain investment products or retirement accounts but do not directly shape a client's personal financial goals or risk tolerance. Therefore, they serve more as a background consideration rather than a direct influence on the planning process itself.