Capstone joins PictureWealth

Mike Taylor

Managing Editor and Publisher

18 June 2026

Capstone Financial Planning has joined Picture Wealth Group in a move which will see the combined groups accounting for around $22 billion in combined funds under advice across around 360 advisers.

The transaction was announced yesterday and will see Capstone continue to operate under its own name with Grant O’Riley remaining as managing director.

Confirming the deal, PictureWealth founder and managing director, David Pettit said that with Capstone joining the firm it would be able to support more advisers in more ways.

The announcement noted that PictureWealth is a financial technology company at its core “pairing human insight with artificial intelligence to enable access to affordable financial advice”.

Commenting on the transaction, Capstone’s O’Riley said it represented a great opportunity for the firm’s advisers and their clients.

“PictureWealth’s client-centric approach, combined with its technology capability, strengthens our already industry leading four pillars of support – Technology, Marketing & Communications, Professional Standards and Practice Development – and enables our practices to remain relevant to their clients.

“The shared philosophy and vision of Capstone and PictureWealth creates a natural alignment. Through the PictureWealth Group, there are now more pathways for advice practices to work with us, regardless of the licensing structure they have in place”.

It said that following the alignment of Capstone and the expansion of CapBack, the PictureWealth Group now supports advisers at every stage and under every structure – offering traditional AFSL support, self-licensed solutions, employed adviser roles and integration pathways for independent practices preparing for retirement, succession or sale.

PictureWealth Chief Executive Officer, Allan Maitland said Capstone joining the Group responds directly to the structural pressures reshaping Australian advice.

“The Australian advice profession has been reshaped by regulation, adviser exits and consolidation,” Maitland said,

Picture Wealth Holdings Limited is the parent company of the PictureWealth Group, which comprises PictureWealth Advisory Pty Ltd; the Futuro Financial Services AFSL; the Insight Investment Services AFSL; the Capstone Financial Planning AFSL; and CapBack, a backoffice services offering for self-licensed practices.