• AML Foods Limited AML  + 6.95
  • Bahamas First Holding Limited BFH  + 2.46
  • Bank of Bahamas BOB  + 2.53
  • Cable Bahamas CAB  + 3.95
  • Commonwealth Bank Ltd. CBL  + 3.33
  • Commonwealth Brewery CBB  + 10.25
  • Doctors Hospital DHS  + 10.46
  • Famguard FAM  + 10.85
  • Finco FIN  + 11.38
  • FirstCaribbean CIB  + 15.99
  • Focol FCL  + 3.98
  • Focol Class B Perpetual Preference FCLB  + 1.00
  • J S Johnson JSJ  + 15.75
    ^IXIC 
    $10,983.78 
    ^DJI 
    $33,852.53 
    ^FTSE 
    $7,579.52 
    AAPL 
    $141.17 
    GOOG 
    $95.44 
    WMT 
    $152.97 
    AMZN 
    $92.42 
    CVS 
    $100.88 
    MSFT 
    $240.33 
    HD 
    $315.96 
Latest News   -

The Leno International Equity Sub-Fund Lists on BISX

LENO Successfully Acquires Bank of The Bahamas Trust Portfolio, Increases Assets Under Management to...

Trust Professional Dianne Bingham Named to Head New LENO TRUST

LENO help bring “Colours” to Bay Street

Leno donates to Regulators & Eagles Basketball teams

LENO’s Kudos to Cuda’s Swim Club

PM Congratulates Local Financial Services Entrepreneur – LENO Breaks Ground on 25 Million Corp...

Partner in Business Continuity Program Issues Commitment

LENO Head of Trust ‘COVID-19 Makes us aware of our vulnerabiliy, drives interest in estate pla...

Leno President Urges ‘Don’t Panic’, Out of Crisis Comes Opportunity

Leno Lauds Govt for Introduction of Digital Wallets for Social Services benefits

Leno Celebrates 10th Anniversary in Social Distance Style

Leno Marks 10th Anniversary with Pledge to Lead National Effort to ‘Put a Device in Every Child’...

Minister of Education thanks LENO LEARNING LINK donors, urges more to step forward to ‘put a table...

Colour it Selfless – Junkanoo Group Turns Its Annual Donation from Leno Back to Students, Putting ...

Information on transferring Bahamas Government Registered Stock from the Central Bank

Bamboo Shack, Bethel Brothers Morticians donate tablets

KFC, Dunkin’, Pizza Hut, Burger King, Myers Group Join Tablet Drive Urging ‘Let’s Put it Over ...

Citi, IOM donation enables students in poorest communities to attend virtual classes

Staff Appreciation Day

College Savings Plans

Save now to build their future! Find out more about our College Savings solutions.

One of the most common questions we are asked by new parents or those whose children are entering school is ‘When is the right time to start saving for college?’

The right answer is yesterday, but in practical terms we know that is not possible so best advice is “It is never too early to start saving to for a college education” of well-educated young people.

At Leno, we are committed to helping clients make higher education possible.

That’s why there is never an enrollment fee for a college savings plan. You can begin to invest in your child’s college education today.

  • Age-based Options based on the age of the Beneficiary,
  • Balanced Options containing a mix of stocks and bonds
  • Conservative fixed-income Options
  • Equity Options

 

Contact us for more information.

Recent Articles

Frequently Asked Questions (FAQs)

The Leno College Savings Plan can be started with $250

Leno encourages clients to make monthly payments/contributions. However, clients have full control over when and how often payments/contributions are made.

No. Clients can pay any amount.

Nothing. The clients account will continue to earn interest based on value of the account and the investment strategy selected.

The college savings plan was intended to allow persons to accumulate their savings using the investment vehicles that Leno provides. Withdrawals are not encouraged as it interrupts the earning potential of the clients savings. However, withdrawals are accommodated for emergency situations but not encouraged as a normal practice.

The full investment value of the accumulated funds inclusive of contributions and interest will be paid back to the “Account Owner” who established the College Savings Plan.

Leno makes a lump sum payment to the account owner via cheque unless instructed otherwise.

Yes. Other friends and family can contribute to the account once the correct account number is identified. Please note that all payments made to the account are the property of the account owner.

No. Friends and family can start a Leno College Savings Plan for any child.

The Leno College Savings Plan offers three (3) investment strategies to select from. Those strategies are: (1) The Conservative, (2) The Balanced, and (3) the Aggressive Strategy. Each strategy has a different risk level and investment objective. The Conservative Investment Strategy is low risk and is designed to provide safe and steady growth. The Balanced Investment Strategy has moderate risk and is designed to benefit from the returns associated with the stock market while buffering any fluctuations that may occur by having a portion of the investments in safe investment like government bonds. The Aggressive Investment Strategy is high risk and is designed to generate returns by investing in the various publicly traded companies pegged for growth within their respective industry and the overall economy.

Leno recommends that clients that select a strategy that reflects their comfort level as an investor in terms of risk, the time horizon for their investment and their overall objective. One of Leno’s representatives will be happy to guide you during the process.

Clients are allowed to change the investment strategy once per year.

Resources

College Savings Plan Fact Sheet

Start The Conversation About Your Financial Future





    At Leno, we know that one size does not fit all. Our team of experts work to design the perfect plan for you. Let’s get you started on a future that you can be proud of...