The Prime Minister officially inaugurates the offices of Jesmond Mizzi Financial Advisors in Hamrun.

The Prime Minister, Dr. Joseph Muscat yesterday, March 11, officially inaugurated the offices of Jesmond Mizzi Financial Advisors in Hamrun. In the presence of the Leader of the opposition Dr. Simon Busuttil, the Minister of Finance Prof. Edward Scicluna, Parliamentary Secretary Dr. Jose Herrera and a number of members of parliament, the Prime Minister spoke about the development of the financial services sector.

Managing Director, Jesmond Mizzi spoke about the evolution of the company over the years. He stated that five years ago Jesmond Mizzi Financial Services and Atlas Investment Services agreed to merge.

Atlas Investment Services was set up in 1996 while Jesmond Mizzi Financial Services was launched in 2002.

In 2012 the company rebranded under the name of Jesmond Mizzi Financial Advisors with a clear focus on the word Advisors’ – because that is what we are, Mr. Mizzi stated.

Today the company employs 21 people and operate from 5 locations around Malta.  Together with Atlas Insurance, the company offers a one stop shop in our shared premises.

Jesmond Mizzi Financial Advisors provides personal advice and endeavours to be of service to the Maltese investor via independent research and an open architecture culture. The company endeavours to educate the Maltese public and invests in so doing as the directors believe that all investors should be aware of what investing is all about.

This year the company intends to launch investment products which will be managed internally both for local investors but also for investors outside of Malta. Furthermore it is aiming to provide new investment services for investors who are seeking discretionary services from investment advisors.

The company is looking forward to employing more staff to continue with its growth process.

Mr. Mizzi highlighted the fact that investors and particularly pensioners are finding it harder and harder to earn decent returns with low risk. He added that maybe it is time that Government gives priority to pensioners in any future government bond issues so that they do not chase yield at the expense of adding on risk. This in the light of the very strong demand for the government stock issue last month.

The Prime Minister embraced the recommendation and added that the Government will study this recommendation after due regulatory and legal consideration.