Capstone continues growth spurt
A week after it opened its first office in New South Wales, Capstone Financial Planning has consolidated its presence in Queensland with the opening of a new office in Toowoomba.
The dealer group has recruited local planners Karen and Gary Fagan to head up the new office.
Gary Fagan was previously with Matrix and Karen was with Investor Financial Planning.
Capstone now has six practices in Queensland and managing director Grant O’Riley said breaking into Toowoomba was a significant move, as it was a competitive market.
“We hope to announce additional growth in the Queensland market very soon which would further consolidate our presence in that state,” he said.
Karen and Gary Fagan said they had conducted an extensive search of dealer groups before deciding to move to Capstone.
“We were looking for support and flexibility but we didn’t want to be ‘just a number’ in a big group,” they said in a statement announcing the deal.
“Capstone was a perfect size for us and its future vision fits with our business model and how we want to grow and develop our business.”
Capstone now has offices in all states in Australia, with funds under administration exceeding $1 billion.
Last week, the dealer group announced it had opened up its first NSW office in Newcastle after recruiting Jason Kolevski and Mark Bretag, both former Matrix advisers.
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