The head of Evans Dixon's wealth unit has written to clients to assure them the firm has acted in their best interests when it has advised them to invest in in-house funds that have since slid sharply in value.
Late on Friday evening Evans Dixon managing director of wealth advice Lyle Meaney emailed the 4800 odd clients of Dixon Advisory following a report in The Australian Financial Review that revealed a former client, 66-year old David Hall, had escalated his dispute with the company to the financial ombudsman.
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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
