Australian wealth manager Wilson HTM is
looking at a possible strategic partner for Pinnacle Investment Management, the group in
which it has a majority shareholding, according to local media.

According to a report in InvestorDaily, unsolicited expressions of interest have prompted the firm to
begin a formal process to examine a possible strategic
partner to
Pinnacle.

"The decision to seek external
investment into Pinnacle follows receipt of a number of unsolicited expressions
of interest, from organisations in Australia and overseas, interested in
investing directly into the Pinnacle business to further its growth,"
Wilson said in a statement cited by the publication.

A strategic partner would provide the capital
required to assist in growing Pinnacle and creating substantial additional
value for all shareholders, it said.

Wilson HTM managing director Andrew Coppin said
it was too early to comment on whether the inclusion of a strategic partner would
result in the company selling down its stake.

Wilson has appointed
corporate adviser Grant Samuel to assist with the process. The appointment of Grant Samuel follows
Pinnacle's purchase yesterday of an equity interest in Sigma Funds Management.

Pinnacle is made up of seven boutiques and has
funds under management of A$8.9 billion ($9.5 billion) as of 30 September 2011.