Reviewing savings and investment accounts are vital to ensure they are in the right place and that your risks are controlled.
Doing this on your own can be a challenging task to most individuals both in terms of time and money.
Funds sitting idly in a savings or a current account will not bring any long term benefit.
Having the right wealth manager or investment adviser will help you make a prudent savings plan.
Seeking the assistance of an expert financial advisor like NDB Wealth can help you to make sound decisions.
Moving funds to a money market such as NDB Wealth Money Plus account will be one positive option.
NDB Wealth also recommends that individuals look at the following areas to ensure financial planning is carried out efficiently.
Advice and assistance can be sought from relevant persons as required.
Organising financial paperwork which involves sorting out important documents such as a will and setting up power of attorney status is a much needed necessity in today’s rapidly changing world.
Appointing trusted professionals to carry out the necessary tasks at the opportune time will make one feel very much at peace.
Another area that needs attention is the reassessing of insurance policies.
It’s important to review the policies to ensure that they are necessary, updated, cost effective and more importantly applicable to meet your current conditions and needs.
“Financial planning and fund management is increasingly playing a critical role in the life of every person.
Whether you are planning for your retirement or are saving for a rainy day, it’s important to know that you are doing the right thing for yourself, your family or even your business,” stated Indika De Silva, Assistant Vice President – Investment Management.
Commenting further he said, “At NDB Wealth, our team of Relationship Managers are backed by a strong investment team who are continuously monitoring investment conditions in the market, understands the client’s needs through careful and thorough analysis and identifies the core purpose and supports the client plans on saving or investing by advising the client on the best savings or investment solution taking into consideration the potential risks associated with the investment.
NDB Wealth management plays a very important role in managing such conditions that may impact clients negatively.”
Money Plus, a Money Market Fund, from NDB Wealth is an ideal savings plan with a current yield of 7.10%* (as at 8th October) which will help individuals and families meet their short term and long term financial goals.
Money Plus offers the flexibility of being able to withdraw funds, at any time, with no penalty.
In the long term, its yield will help a saver build a secondary source of income by having to put away a lot less money from your income.
It is ideal for those who have limited time to keep a track of their ongoing finances as returns accumulate daily.
NDB Wealth is fully owned subsidiary of the NDB Bank, one of the fastest growing financial services conglomerates in Sri Lanka, with the strategic mission to be the leader in the financial services sector.
From its inception, the group which includes NDB Bank, NDB Investment Banking, NDB Wealth, NDB Securities, and NDB Capital has been a catalyst in the development of the nation, strengthening and empowering entrepreneurs, corporates and individuals from all strata of the economy.
The customers across all NDB Group companies have benefited from the extensive product and service offerings of the NDB Bank and its affiliates.