Dixon Advisory has been providing expert financial advice to Australians for over 30 years, with a team of experienced professionals dedicated to helping individuals and families achieve their financial goals.
Dixon Advisory has a strong focus on sustainability and responsible investing, with a commitment to creating long-term value for their clients.
Their investment approach is built on a deep understanding of the financial markets and a keen eye for opportunity, with a focus on delivering strong returns while minimizing risk.
Dixon Advisory has a reputation for being a trusted and reliable partner for their clients, with a long history of providing expert advice and guidance in times of financial uncertainty.
Dixon Advisory News
The FAAA has secured an inquiry into the collapse of Dixon Advisory, which has left the wider financial planning profession to cover as much as $135 million of the compensation bill for the firm’s misconduct.
The inquiry was moved by Senator Pauline Hanson in the Australian Senate, securing cross-parliament support.
The FAAA has advocated for this inquiry, seeking to address key concerns about the collapse of Dixon Advisory and its impact on the Compensation Scheme of Last Resort (CSLR).
The inquiry will examine the causes of the collapse, the effect of the US Masters Residential Property Fund (URF), the actions of key individuals and the regulator (ASIC), the impact of the administration and insolvency issues.
The FAAA has been a vocal advocate for reforms to the funding model of the CSLR and has repeatedly called for deeper investigation into Dixon Advisory to prevent similar collapses in the future.
An inquiry is essential to understanding the full scope of what went wrong with Dixon Advisory, a scandal involving hundreds of millions in client losses.
The FAAA will work with and support the inquiry to ensure the CSLR is fairly and sustainably funded to support consumers into the future.
The inquiry marks a major step forward for the financial advice profession, and the FAAA is grateful to Senator Hanson for her support.
Frequently Asked Questions
Who owned Dixon Advisory?
Dixon Advisory was owned by E&P Financial Group Limited. It was a subsidiary of this parent company.
What is the settlement for the Dixon Advisory?
The settlement for the Dixon Advisory Class Action is a minimum of $16 million. The Federal Court of Australia approved this amount as fair and reasonable for all affected parties.
Who are the administrators of Dixon Advisory?
The administrators of Dixon Advisory are Stephen Longley and Craig Crosbie from PwC Partners. They oversee the company's operations and decision-making processes.
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