International advice firm Spectrum IFA has had its Maltese MiFID licence application approved by the Malta Financial Services Authority (MFSA).
This will enable the expansion of its range of cross-border investment and pension services available from its offices in Malta, France, Spain, Portugal, Italy and Luxembourg.
The group, which also operates in Switzerland, specialises in financial planning for English-speaking expatriates across Europe.
Spectrum IFA already holds French MiFID authorisation and gaining this second European investment licence for Malta, will strengthen its EU advice capability, including for QROPS clients invested via insurance wrappers and custodian platforms.
Craig Welsh, manager of the Spectrum IFA Group in Malta, commented: “This Malta MiFID licence significantly broadens our advice and service offering for the group’s many existing QROPS clients across Europe. Within an ever-tightening regulatory framework, it also allows us to offer a cost-efficient solution for anyone seeking an advisory firm with combined financial-planning and investment-advice capability.’’