These 5 best financial advisors in Malta are great at stabilising savings
Retiring to a wonderful island like Malta is a good choice. However, despite the Mediterranean breeze and sun, you still need to be conservative if you don’t want to run out of cash fast.
To prepare for this, financial advisors are skilled at creating detailed expense plans. Additionally, some even have pension plans, so you can simply relax and enjoy the sun.
I’ve spoken to quite a few of the best financial advisors in Malta, and I’m willing to share them with you. With their expertise, you won’t even need to worry about running out of money.
How much does a consultation with a financial advisor cost in Malta?
A consultation with a financial advisor in Malta typically costs around €15 to €25 per hour. Some financial advisors might charge either a flat rate or a monthly/annual retainer fee instead of an hourly one.
1. Ennesse
Address: 71 Quarry St, Msida MSD1108
Contact Details: +356 7988 7878
Operating Hours:
- Monday to Friday: 8:00 AM to 4:30 PM
Established in 2007, Ennesse has been helping local clients grow their finances and businesses. While they work with international entities, they don’t offer personal services to expats.
But I like that they’re an independent firm, allowing clients to pick and choose the products that suit them best. As for their services, they have a mix of business-related and individual management.
Outsourcing finance is easy with them, as their skilled professionals can seamlessly integrate into any team. They can handle day-to-day accounting tasks and provide financial analytics that have helped clients make strategically aligned decisions.
For personal services, they have helped clients obtain personal education and mortgage loans. Clients have also received reliable investment advice that helped them grow their wealth.
Other services include aiding in applying for government grants and creating useful blockchain services. I’ve even used their online loan calculator, which was accurate to the deal that their experts made for me.
Trustworthy and professional
“Outstanding Service and Expertise
I highly recommend Ennesse for their exceptional accounting and financial consulting services. Their team is incredibly knowledgeable, detail-oriented, and responsive. They optimized my financial strategies and provided invaluable insights that significantly improved my financial management. Trustworthy and professional, Ennesse truly goes above and beyond to ensure client success.
Thank you for your professionalism!
Mariam”
– Mariam Janelidze, Google Review
Quite simply, they build trust
“Been with Ennesse for several years, quite simply they build trust. I get great service and I am always listened to. A lovely team, great communication, excellent planning, forward thinking and polite at all times. I had an idea for my business, Ennesse put me on track. 100% Professional and friendly people throughout.”
– Andrew Spanswick, Google Review
2. The Spectrum IFA Group
Address: 1st floor, Junction Business Centre, Sqaq Lourdes, St Julian’s SWQ 3334
Contact Details: +356 9915 1923
Operating Hours:
- Monday to Friday: 9:00 AM to 5:00 PM
The Spectrum IFA Group has been helping expats settle into countries across Europe for 22 years. While they don’t work with locals, many foreigners and expats received useful advice to help them settle into Malta.
They’re an independent group that focuses on providing financial advice through a variety of different products.
Impressively, they’re licensed across the entire European Economic Area (EEA) and help clients secure locally authorised investments. Another benefit is that their services are free, taking fees only from your investments and passing them directly to the institution.
The investments they offer are broadly diversified funds with some specialist funds specifically tied to Malta. Withdrawals are easy and take as little as 3 days for the funds to be reflected in clients’ accounts.
They’re also great for UK clients who want to transfer their Qualifying Recognised Overseas Pension Scheme (QROPS) from the UK to Malta. I’ve even spoken closely with Craig Welsh, who provided me with useful insights into the Maltese markets.
He handled it brilliantly, and the funds arrived in 3 days
“I asked Jozef Spiteri of Spectrum IFA Group to organise a draw down from my fund so I can start a new business. He handled it brilliantly and the funds arrived in 3 days. A record! Thanks again Jozef!”
– smilerman1, Google Review
I appreciate the personalised, fast, and efficient service
“Craig Welsh of Spectrum IFA helped me in setting up “my” QROPS in 2013. Since then Craig updates me on performance and assists in optimising the QROPS’s investment portfolio. He advised me in relation to my relocation, payouts and the administrative steps to be taken in this context. I appreciate the personalised, fast and efficient service during all these years. My QROPS could not have been in better hands.”
– Pieter van Welzen, Google Review
3. Equitas Advisory
Address: 67 Triq Il- Falkunier, Iż-Żejtun ZTN4463
Contact Details: +356 7959 2884
Operating Hours:
- Monday to Friday: 8:30 AM to 5:00 PM
Led by Marvin Spagnol, a seasoned Certified Public Accountant (CPA), Equitas provides financial services to expats and locals. I adore that their services are personalised and client-centric, putting high value on client satisfaction.
They’re an independent firm, showcasing their unbiased nature. Clients have used them effectively to improve their individual and business finances, and they even work with small businesses!
Still, their fees aren’t publicly disclosed unless you avail of their services, which I find inconvenient.
Despite that, accounting and bookkeeping with them is organised and efficient, fostering sustainable practices and creating beneficial strategic plans.
Businesses, on the other hand, have utilised their services to simplify payroll, making the process smoother for all parties. They’ve even been useful in becoming VAT- and tax-compliant, which is truly a lifesaver for locals and expats.
Bonus points to their blog, which is constantly updated with the latest financing news in Malta. It even holds detailed guides on how to apply for citizenship.
Made my taxes and bookkeeping stress-free
“Working with Equitas Advisory has been a fantastic experience. Their attention to detail, clear communication, and expertise have made my taxes and book-keeping stress-free. They go above and beyond to explain things in a way that`s easy to understand. I`d recommend Marvin and his teammates to anyone needing a trustworthy, skilled accountant.”
– Althea Borg, Google Review
Provided valuable tax information tailored to our situation
“During our online consultation, Mr. Marvin Spagnol provided valuable tax information tailored to our situation. He speaks fluent English and Italian, which is very helpful for Italian expats. He respects our time and responds to emails promptly. We will be back and highly recommend his services!”
– Laurentina Family, Google Review
4. Mediterra Group
Address: 1 Floor 2, Falzun Street, Triq in-Naxxar, Birkirkara BKR 1441
Contact Details: +356 2732 9077
Operating Hours:
- Monday to Friday: 8:30 AM to 5:00 PM
The Mediterra Group simplifies financial processes for clients, helping them succeed through high-yield deals. The duo, Anthony Ghirlando and Edward Dalmas, are renowned lawyers with an interest in financing and taxes.
Their services are tailored towards companies, providing comprehensive support through both legal and accountancy practices.
By utilising their registration services, several clients were able to register both companies and corporate vehicles quickly and easily, with little fuss.
Clients can also hire their administrative services. I’ve personally seen this implemented, and it has helped smooth out the complexities of payroll and the depositing of employees’ social security benefits.
Being seasoned accountants, they’re also impressive when dealing with taxes and bookkeeping. They handle everything, leaving clients with a clean and organised portfolio.
But I wouldn’t advise smaller companies to work with them since their services are tailored to larger entities.
Their expertise and clear guidance made a real difference
“I highly recommend Mediterra! They were incredibly professional and supportive, making the entire process smooth and stress-free. Their expertise and clear guidance made a real difference, and I’m grateful for their help. I would definitely trust them with any future legal needs.”
– Thea Margaret Salazar (Thei), Google Review
Extremely satisfied with Mediterra’s professional approach
“Extremely satisfied with Mediterra’s professional approach. Highly Recommended!”
– Gianni Ciappara, Google Review
5. Investate Finance
Address: The Penthouse, Demar Business Centre, Triq Fleur-De-Lys, Birkirkara BKR 9069
Contact Details: +356 2167 8876
Operating Hours:
- Monday to Friday: 9:00 AM to 7:00 PM
Investate Finance has been in the insurance industry since 2017 and has amassed the knowledge to provide invaluable financial advice. Their focus is clearly long-term planning (pensions, structured savings, and more).
While I was disappointed that they weren’t an independent service, I appreciate their extensive services.
Some notable products they sell here include life insurance and loan protection. The product range is quite focused, mainly built around IVALIFE plans. It can be reassuring if you value regulated and locally backed solutions.
Savings with them are simple and can start as low as €25-€45 per month. There are also different tiers for these, offering more protection for just a bit more monthly—and honestly, I think it’s worth it.
For those unsure of investments, clients can vouch for Investate’s Single Premium. This one-time payment can easily secure financial success, and plans are flexible, so you can add on to them at any time.
I had an astounding experience with Investate Finance
“I had an outstanding experience with Investate Finance, and I cannot thank Mr. Kirsten Abela enough for his incredible patience and professionalism throughout the entire process. He took the time to explain every detail, answer all my questions, and ensure I fully understood each step. His expertise and dedication made the entire experience seamless and stress-free.
If you’re looking for a trustworthy and knowledgeable intermediary agent who truly cares about his clients, I highly recommend Mr. Abela and the team at Investate Finance. Thank you for your exceptional service!”
– Sandra Abela, Google Review
Listens to the client’s needs and offers what is most adequate
“Amazing service by Mr. Shaun Micallef. Very professional and polite. He listens to the clients needs and offers what is most adequate. Thank you.”
– Maya Ann Portelli, Google Review