Capstone hits Newcastle in NSW foray
Capstone Financial Planning has opened its first New South Wales office in Newcastle after recruiting two former Matrix advisers.
The dealer group has been looking to open a NSW office for the past year, and Capstone managing director Grant O’Riley said the Newcastle office marked the start of an expansion into the state.
“Our growth has been deliberate, and we have consolidated our offices in Victoria, Queensland, South Australia and Western Australia, and the time is right for expansion into NSW,” he said.
The two advisers joining Capstone are Jason Kolevski and Mark Bretag, who said they were attracted to the dealer group’s flexibility and support.
“The Capstone model is a great fit for us. We were looking for a young brand with plenty of energy and support for advisers,” they said.
“The professional and personal support offered by Capstone was a key part of our decision to move.”
O’Riley said the dealer group is planning to open more offices in NSW this financial year.
“There are many advisers in Sydney and other parts of NSW who are becoming increasingly aware of the Capstone model, and are interested in our approach to business,” he said.
Currently, Capstone has more than $1 billion in funds under advice.
Recommended for you
Global equity manager Orbis Investments has appointed a head of marketing from Capital Group as it becomes the latest manager to target advised retail investors.
Shaw and Partners’ new national head of private wealth believes the biggest challenge for financial advisers right now is being able to deliver efficient advice delivery amid a complex regulatory environment and growing investment universe.
While Australia prepares for the $3.5 trillion intergenerational wealth transfer, a Wilsons Advisory report suggests the ongoing gender imbalance in the advice profession could prove a challenge to this process.
Danielle Press, a former ASIC commissioner, is to chair a new AFSL committee set up by Sequoia which seeks to improve governance practices and review its approved product lists.
