The general steps involve:

– Assessment of current spending and savings habits
– Assessment of current savings, retirement savings and insurances
– Development of a debt reduction strategy
– Development of a list of personal and savings goals
– Development of a savings strategy using Leno Mutual Funds
– Understanding your Retirement Strategy and the phases of accumulation and distribution
– Future Value Projections for all savings strategy
– Timelines related to plan goals
– Identifying Lifestyle Tradeoffs to reduce costs
– Development of a Monthly Budget that reflects your Plans

In addition, your Leno representative will engage you in a series of discussions related to your spending habits, understanding your happiness model and how it relates to your overall financial plan.

Financial advice is centered around how clients can use Leno’s investment products to increase their savings potential such as establishing a brokerage account or mutual fund and/or investing towards a specific goal like retirement. Leno strives to provide clients with relevant information to increase their understanding of our investment products and to increase informed decision making. With a clear and open conversation, clients can gain a great understanding of Leno’s investment products to find the product that meets their needs. There is no cost for this.

Financial consultancy involves a greater depth of information sharing by the client on their current savings situation and reaching their investment goals. Our Leno representative’s advice will include market advice, investment strategies, debt savings strategies along with an overview of the product knowledge covered in the standard financial advice that we give. Financial Consultancy is the foundation to all Financial Plans and initiates the conversations related to self-assessment of one’s spending and savings habits while developing the strategy to apply Leno’s products to achieve your life goals. This is the first stage of developing a Financial Plan.

This is usually a tough question to answer given that many people are in better (or sometimes worse) financial shape than they realize.

We encourage all clients to look at Leno’s products and investment options in The Bahamas to increase their own personal understanding of savings to apply to their own financial plan.

However, please note that our financial plan will provide a framework for those clients who want to develop a deeper understanding and knowledge of their personal savings journey with the guidance of our financial professionals.

Information is power. Financial plans provide persons with the information to develop a personal financial roadmap of their personal investment goals while empowering them with the knowledge, tools, and tactics to achieve those goals. In addition, goals become quantified and systematically approached making them manageable and achievable.