Private Portfolio Managers, the Australian boutique investment manager, is looking to expand its family office offering and add a new manager to its team, InvestorDaily reports.

PPM, which is focused on Australian equity and fixed interest securities of individuals and institutions with significant portfolios, has been growing at 13.1 per cent annually since it started in 1995.

"We want to turn our good performance into new clients," managing director Hugh MacNally was quoted to have said. "We're stepping up our marketing efforts."

According to the publication, there are around 50 family offices in the country, several of which are managed by PPM. The company reportedly visits Singapore every half-year as part of its relationship building strategy, and it has made clear that it is not looking to team up with large institutions to fuel its expansion.

At present, the firm has four fund managers, each looking after 60 relationships with clients with around 20 to 25 stocks in their portfolio.

"PPM is in the market to add at least one manager," Mr MacNally reportedly added.