Controversial wealth management firm Dixon Advisory is the subject of a second class action alleging the firm provided conflicted and misleading advice by steering clients into its US residential property fund.
The Federal Court claim filed by class-action firm Shine Lawyers was brought on behalf of lead plaintiff Watson & Co Superannuation and lists Dixon Advisory Superannuation, its parent E&P Financial, former chief executive Alan Dixon and former executive Christopher Brown as respondents.
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Jonathan Shapiro writes about banking and finance, specialising in hedge funds, corporate debt, private equity and investment banking. He is based in Sydney. Connect with Jonathan on Twitter. Email Jonathan at jonathan.shapiro@afr.com
Carrie LaFrenz is a senior journalist covering retail/consumer goods. She previously covered healthcare/biotech. Carrie has won multiple awards for her journalism including financial journalist of the year from The National Press Club. Connect with Carrie on Twitter. Email Carrie at carrie.lafrenz@afr.com
