The wealth manager’s funds under management (FUM) have grown to $17.6bn, increasing by 7.1 per cent from $16.4bn at the close of June 2012.
“Going forward, our emphasis will be on growth,” said Treasury Group in its recent chairman’s address.
“We will consider merger and acquisitions that deliver additional value without exposing shareholders to excessive risk.”
Despite the volatile economic market, the wealth manager said it was a good opportunity to acquire assets at prices that would not be more available in a bull market.
In August Treasury Group reported falls in total revenue, profit and FUM following the restructure of its underperforming boutiques.
Treasury Group’s underlying net profit fell 17 per cent to $8.08 million in the 12 months ending 30 June, according to the company’s full-year results.
The full-year results included $1.3 million spent on the restructure of underperforming boutiques and redundancies.
The firm also cited fragile investor confidence for the dampened full-year results.
But Treasury Group said its year of consolidation and restructure had built a solid foundation for from which the company could achieve organic growth and expansion via mergers and acquisitions.
Treasury Group manages a number of boutique investment firms, including Investors Mutual, Orion Asset Management, Treasury Asia Asset Management, RARE Infrastructure, Celeste Funds Management and Aubrey Capital Management.
