Treasury continues expansion
Treasury Group has reported a 5.38 per cent increase in funds under management (FUM) to $15.24 billion for the September quarter.
The funds management group told the Australian Stock Exchange today that its FUM calculation represented the total funds managed by Investors Mutual Limited, Orion Asset Management Limited, Global Value Investors Limited, Treasury Asia Asset Management Limited and RARE Infrastructure.
It said it also included $1.1 billion in funds managed by New York boutique asset management outfit Trilogy Global Advisors, which Orion has a strategic alliance with and for which Treasury Group Investment Services acts as responsible entity for its pooled funds.
Treasury told the ASX that the development of its newer asset management businesses, GVI, TAAM and RARE, had been strong in the past six months as they continued to establish their presence in the market.
AUTHOR
Mike Taylor
Recommended for you
The FSCP has announced its latest verdict, suspending an adviser’s registration for failing to comply with his obligations when providing advice to three clients.
Having sold Madison to Infocus earlier this year, Clime has now set up a new financial advice licensee with eight advisers.
With licensees such as Insignia looking to AI for advice efficiencies, they are being urged to write clear AI policies as soon as possible to prevent a “Wild West” of providers being used by their practices.
Iress has revealed the number of clients per adviser that top advice firms serve, as well as how many client meetings they conduct each week.
