Yes - if you have an income, a family or planning to have one in the future, retirement dreams, and for many other financial reasons / goals that are unique to you. No one can predict the future but one can certainly be better prepared for it. An effective financial plan will make sure that you are financially prepared to deal with the unexpected events and stormy times. If you don’t have one, you’re more likely to end up in a financial mess. On the contrary, if you have one and the recommendations thereon have been executed, most of your financial goals will be satisfactorily met. A good financial plan can alert you to changes that must be made to make sure a smooth transition through life’s financial phases, such as decreasing spending or changing asset allocation.

By developing a financial plan you and your family: Will have a better understanding of your current financial position. Determine attainable retirement, education, insurance, and other financial goals. Review goals, funding strategies, and alternatives to balance all goals. Have the necessary financial resources set aside to fund your goals as they occur. Reduce the effects of unexpected events such as disability, premature death etc.

You need not be very rich to have a financial plan. No matter how much you earn and at what age, a plan is important to make your life easier. As your financial situation influences almost every aspect of your life, a regular financial plan can help give you peace of mind and protect you from unforeseen, unfavourable situations. Once you have a working personal financial plan, you can use it to make informed financial choices. Having a good financial plan will allow you an over view of what you can afford. It will allow you to analyse your wants versus your needs. It also provides you a way to see how to avoid major financial mistakes in the future.

• Risks of not having a financial plan: You may be able to achieve what you want today but might not be able to achieve what you need few years down the line. Say, if you buy a new car now, you might not have enough funds later to buy your dream home.

• You may not see the big picture. Say, you may grow your wealth by making good investment choices but end up being tax inefficient and pay more taxes than you need to.

• You may take a short-term view of an opportunity and make rushed financial decisions, or fall into some scam trap. Worst of all, you may end up doing nothing (and just thinking of doing something) and never achieve your financial goals.

• You might become a victim of misselling and build a corpus of investment products that neither suits your financial needs nor your risk profile.

• You are very much likely to worry more about money and financial security. You may not know where you are today and where are you heading for. It also provides you a way to see how to avoid major financial mistakes in the future.
  

Be realistic with your investment returns, don’t plan to outperform the markets. Account for market risk and don’t assume the same return to repeat every year. Don’t forget to plan for inflation, taxes, goals and many other aspects which could be only covered with help of an expert . An advisor would you to review your financial plan regularly to see if you are on track or need any changes in the plan.

The need for financial plan is all the more very important in the turbulent economic times of today. If you don’t have one till now, don’t delay any more and Get it Now. Don’t be self-satisfied that you will be okay whatever happens. Face the reality. Unless you develop a financial plan early otherwise it will be too late.

As your investment advisor, we help you find the right products and securities you need to meet your financial goals. We are not restricted in the products and services rather we bring solution to your needs and bring basket of products with honest recommendations which we will help you to choose from.

Legacy means “something left or handed down by a predecessor”. The current management and staff of SIL  are part of a legacy of over 50 years. This has taught us the right ideals of service and management. We have been taught to not only invest the funds of our clients but to invest in the lives of our clients. The benefit of historical database and first-hand knowledge which has been passed down to us gives an edge that enables us to advise and guide your investments in a responsible manner.

As your tax planner, we analyze your existing wealth or financial plan from a tax efficient perspective. Whether an individual or a corporate, we help in optimizing your finances by utilizing the available tax exemptions and deductions to minimize your tax liability, thereby supplementing your savings and investments.

Portfolio Management Looking after your needs as a family is our first priority. We provide services and facilities which will consolidate all the assets held by you and your family members. If you and your family hold investments in various mutual funds, bonds, equity, debentures, fixed deposits, insurances, etc. then post your disclosure, we would consolidate these and make into one portfolio which will ensure that you can easily keep track of and monitor your assets and liabilities.