Capstone appoints former licensee head to new role

Capstone Financial Planning has appointed its executive manager growth and development.

Commencing his role on July 1, Marcus O'Sullivan will be responsible for licensee growth, practice developments, and licensing and education activities.

O'Sullivan has some 20 years' experience in senior management, most recently as managing director for Affinia Financial Advisers for eight years. He has recently transitioned the licensee over to a new owner prior to joining Capstone.

He was also TAL's regional manager for Queensland and Western Australia for over four years between 2011 and 2015.

Capstone managing director Grant O'Riley said O'Sullivan's expertise and background is is suited to the company's growth trajectory.

"This exciting employment acquisition enables Capstone to focus on growth while continuing to enhance its adviser support services," O'Riley said.

"... our adviser centric approach to partnering with practices as their licensee for the future has been a key factor in moving forward with the appointment of Marcus."

O'Riley believes Capstone, as a privately held and managed company, it has the size, scale, flexibility and agility to maintain a "personal approach" to work with advisers.

"With Marcus' network and focus on progression, this compelling proposition is expected to see Capstone go from strength to strength," he said.

Established in 2002, Capstone is a privately owned licensee has approximately $14 billion of funds under advice and houses a complete suite of business support services for advisers.