Marcus O’Sullivan will commence the role at Capstone in July 2025 and be responsible for licensee growth, practice development and licensing and education activity.
He joins the firm from Affinia Financial Advisers where he was the managing director for eight years, a firm specialising in holistic financial advice and risk. Affinia was formerly owned by TAL but was sold to Count in May 2023 in a deal which brought across 100 advisers to Count.
O’Sullivan spent four years at TAL before moving across to Affinia in 2015 where he spent nine years. Prior to this, he spent four years at Millennium3 as an executive director for life and risk.
Capstone managing director, Grant O’Riley, said: “This exciting employment acquisition enables Capstone to focus on growth while continuing to enhance its adviser support services. As a privately held and managed company, we have the size, scale, flexibility and agility to maintain a personal approach to the way we work with advisers.
“With Marcus’ network and focus on progression, this compelling proposition is expected to see Capstone go from strength to strength.”
Capstone was established in 2002 and has $14 billion in funds under advice.
In a separate announcement, Cameron Harrison – a private wealth management firm servicing high-net-worth (HNW) and ultra-HNW clients – has appointed Richard Price as chairman of its advisory board.
Price previously spent over 20 years at Macquarie Group as an executive director. He was also an executive chair at Aligned Resources Group and was on the investment committee for AustralianSuper and Conscious Investment Management.
Paul Ashworth, managing partner at Cameron Harrison, said the wealth manager was honoured to welcome Price as its next chairman.
“His strategic insight, values-based leadership, and broad experience across institutional and private capital markets align seamlessly with our mission. Combined with the expertise of our partners, Richard’s guidance will help advance our commitment to serving business owners, families, and not-for-profit organisations with clarity, stewardship and integrity.”
Meanwhile, Price said he looked forward to working alongside the advisory board and partners to support the company’s leadership in the future.
Cameron Harrison is headquartered in Melbourne and provides investment, wealth management and specialist advice solutions. Its range of clients include business owners, families, not-for-profits and individuals.
