Boutique planning firm Capstone Financial Planning has cracked the Sydney market, recruiting a practice established by former RetireInvest assistant general manager David Love.
“We wanted a licensee we could have a relationship with and one that provided us with choice and flexibility. It was very important to us to join a dealer group that was not owned by any bank, fund manager or financial institution,” Love said of the move.
Capstone also announced last week that it had signed its second practice in Newcastle, bringing the number of advisers it has in New South Wales to five.
Managing director Grant O’Riley said NSW would be a strong focus for Capstone over the next 12 months. “The Abbotsford office is the first in a number of offices we will be announcing in Sydney this year,” he said.
In other news, Perth-based dealer group Western Pacific said it was set to increase its adviser numbers significantly in the next month after entering into final negotiations with new practices in Sydney, Melbourne, Adelaide and Perth.
