Please click on a question below to see its answer…
What is an “Investment Boutique”?
An investment boutique is a full scale wealth management company that focuses on providing the best investment solutions using Personal & Professional service. With LENO, our clients are more than a file or a number on a report. Our clients are People that deserve and need the best investment vehicle to achieve their Financial Goals. We provide that along with privacy.
How much money should I start with?
This is always a difficult question to answer because of the various financial obligations people may have in their life. However, the other important question is … given the steady increasing cost of living … can you really afford NOT to have a retirement plan or college savings in place? For as little as $50, you can start an Individual Retirement Account and have an avenue to save towards your retirement. For as little as $250, you can start a College Savings Plan that allows you to save towards your child’s education from the day that they are born. As for your long term savings, call us at our office to arrange a meeting with one of our LENO representatives to develop the right investment strategy for you.
How much money do I need to retire?
Many experts would argue that you will need 70 – 80% of your existing income per year to maintain your quality of life GIVEN THAT your mortgage is paid off and you have no other existing debt. However, experts now argue that persons will need a slightly higher percentage of their existing income due to the advancements in medicine that result in people living longer. In addition, one must factor in any increase in inflation will diminish the purchasing power of your dollar.
BUT… before you become consumed with financial fear.
The answer is based on a combination of what you have saved for retirement and how you intend to spend it.
The real answer is rooted in the question … how much money do I need to live on while doing some of the things that I want to do? This question is Simple but powerful because it requires a personal and financial assessment of ourselves. Contact a LENO representative to find out how you can prepare for a comfortable retirement.
What is a “Portfolio”?
In general, a portfolio (in a financial context) is a list of the different securities that an investor owns. These securities can range from Cash, Mutual Funds, Equities, and Fixed Income Securities. Specifically speaking, an “Investment Portfolio” is the registered centralized listing of all of your securities at a specific financial institution.
What can I do to prepare for retirement?
The first step to preparing for Retirement is to acknowledge that retirement represents a major transition in your life. You are transitioning from work to leisure. You are transitioning from an active income to a passive income. Budgeting and balancing choices become the order of the day.
The second step is to conduct an honest assessment of one’s current financial situation and current savings towards retirement. Once this is done, you will have a better understanding of “where you are” financially and where you need to go.
Generally speaking, there are three (3) vehicles that everyone should utilize in saving for their retirement. Namely, (i) their Personal Savings via an Individual Retirement Account, (ii) a retirement “supplement” from NIB, and (iii) savings from a company sponsored pension plan. These three (3) vehicles can serve as avenues for people to save on a regular basis to accumulate a retirement nest egg. Let LENO help you save towards a comfortable retirement. Your preparation starts here.
What is the difference between saving and investing?
Work by definition is the exchange of your time and energy for money. You work and you get paid for the job done. Your savings is the remaining amount of money that you have after needs and wants have been met. Investing by definition is when your money “works” to get you a better rate of return that banks or traditional methods could provide. Again, your savings is what you work for. However, your investment represents the portion of your long term savings that is working for you.
How do I get started?
Congratulations on seeking information to empower your finances. The first step starts with contacting our offices at (242) 396-3225 to arrange a meeting with one of our Leno Representatives to discuss your financial goals and selecting the right investment solution to achieve those goals. This meeting can be for informational purposes only (if desired) with no obligations. To establish an account: every client must provide:
- Photocopies of their Passport,
- Photocopies of their National Insurance (NIB) card
- A Completed Application
- A Cheque payable to LENO Corporate Services
Is My Money Safe with Leno?
YES, your money is safe with LENO. LENO is a sound financial services & investment company that is Registered and Regulated by the Securities Commission of the Bahamas. In addition, LENO is audited on an annual basis by Grant Thornton and believes in maintaining MANDATORY SEGREGATED ASSETS. LENO has Professional Indemnity Cover as an additional level of protection but our philosophy is simple… Prevention is better than a Cure. We will never comingle our client’s assets with our company assets.