I am Eduardo Estallo, a financial advisor registered with the CNMV. I manage the wealth of families and professionals in Bilbao and Bizkaia with personalised advice and with one detail many advisors overlook: your tax framework is foral, and that opens options the common regime does not have.
Bizkaia has its own rules for income tax and for inheritance and gift tax, different from those of the common regime. A wealth strategy that ignores this leaves money on the table. Yours starts from your actual tax reality, not from a template designed for Madrid.
In the Basque Country you have EPSVs, voluntary social welfare entities with a double tax advantage: they reduce your income tax base and, in their preferential forms, give you a tax credit. And from 1 January 2026 there is a significant change (Bizkaia Foral Rule 2/2025): benefits from EPSVs and pension plans stop being taxed as employment income and move to the savings base, so only 60% is taxed if drawn over a period of 15 years or more. That completely changes the arithmetic of when to draw. Knowing how to contribute within the current limits (EUR 10,000 of combined contributions in 2026) and how to plan the drawdown is exactly the kind of decision where a specialist advisor more than pays for themselves.
I select funds one by one from across the whole market, based on your time horizon and your real tolerance for risk, with no closed catalogue. What goes into your portfolio goes in because it fits your plan.
Wealth from EUR 300,000 upwards: business owners, senior managers and families who want their wealth organised with professional judgement and their foral framework properly used.
A first meeting with no commitment, in person or by video call. The same level of attention and follow-up wherever you are.
The questions that reach us from Bilbao and Bizkaia repeat themselves: how and when to draw an EPSV without handing money to the tax authorities, what to do with the proceeds of selling a company, how to plan a succession under foral rules, and how much is needed to retire without lowering your standard of living. These are decisions you make once and they shape the following decade.
From EUR 300,000. Below that figure, the level of personal follow-up we provide does not pay off for the client. If you are close to the threshold, tell us and we will look at it with no commitment.
Yes, that is the starting point. Bizkaia has its own rules for income tax and for inheritance and gift tax, and EPSVs change the retirement arithmetic compared with the common regime. Since 2026, benefits are also taxed in the savings base under Foral Rule 2/2025, which completely alters when it makes sense to draw them.
Not necessarily. The first meeting can be face to face or by video call, whichever you prefer. The follow-up afterwards is the same either way.
That is the usual situation. We review what you hold, what fees you are paying and what fits your plan. In Spain, switching between investment funds is not taxed until you redeem, so reorganising a portfolio need not trigger a tax bill.
First meeting, no commitment