ASX Announcements
November 2023
E&P, Dixon Advisory settle class action over alleged conflict
E&P agreed to a $16 million settlement, which will also resolve claims against former Dixon CEO Alan Dixon and executive Christopher Brown. None will admit liability.
- Carrie LaFrenz and Jonathan Shapiro
September 2023
The Trumpian plot twist in Alan Dixon’s US tax saga
John Castro has gone from advising the Dixon Advisory scion to trying to bar Donald Trump’s return.
- Myriam Robin
June 2023
K2 declares URF unitholder proposal ‘inappropriate’
K2 Asset Management says a unitholder plan to block its appointment to the troubled US property fund known as URF creates conflict of interest issues.
- Jonathan Shapiro
Samuel Terry to reject URF appointment of K2
The drama at the troubled US Masters Residential Fund is not over yet, as its largest shareholder vows to contest the appointment of K2 as responsible entity.
- Jonathan Shapiro
December 2022
Dixon Advisory creditors back plan to end painful administration
But the saga continues with the US property fund URF and activist investor Nick Bolton.
- Carrie LaFrenz and Jonathan Shapiro
Activist Nick Bolton sets sights on Dixon property fund
The corporate activist has called a meeting on December 30 to delay the conversion of preference shares in the US Masters Residential Property fund.
- Jonathan Shapiro and Carrie LaFrenz
November 2022
Dixon Advisory clients to receive pittance under deed of arrangement
Following a protracted 10-month investigation, the administrators of the failed wealth manager says backing the deed of company arrangement is the best outcome for creditors.
- Carrie LaFrenz and Jonathan Shapiro
September 2022
Dixon Advisory to pay $7.2m for breaching best interest rules
The collapsed wealth manger will also pay $800,000 of costs and expenses of the corporate regulator.
- Carrie LaFrenz and Jonathan Shapiro
June 2022
Dixon Advisory’s URF flags buyback, restructure
The US Masters Residential Property Fund is aiming to cut further costs, grow revenue by increasing rents while also selling off other properties after the sale of the fund fell over.
- Carrie LaFrenz and Jonathan Shapiro
May 2022
Dixon’s troubled US portfolio sale falls over as US buyer walks away
A contentious $US507 million property portfolio sale will not go ahead after US private equity buyers cited poor market conditions.
- Jonathan Shapiro and Carrie LaFrenz
March 2022
- Analysis
- Investing
Final battle looms before URF castle of conflicts collapses
Dixon Advisory’s notorious US property fund is set to be liquidated. But not before one final dispute over a sale left unitholders nursing more losses plays out.
- Jonathan Shapiro
Dixon Advisory’s troubled US property fund assets to be sold
Unitholders of Dixon Advisory’s conflict plagued property fund are hurting while holders of preference shares are cheering.
- Jonathan Shapiro and Carrie LaFrenz
February 2022
E&P says 70pc of Dixon Advisory clients to transfer within group
Legacy issues have weighed on Dixon Advisory parent E&P Financial as it reported a growth in underlying earnings.
- Jonathan Shapiro
Dixon Advisory creditors face bleak outlook
About 750 people dialled into the first creditors meeting of the wealth manager, which was placed into administration mid-January.
- Carrie LaFrenz
January 2022
- Exclusive
- SMSFs
The devastation wrought by Dixon Advisory
For NSW couple Jan Smith and Ida Vincent, not only has their trust in the financial services industry disappeared, they have to rethink their retirement.
- Updated
- Jonathan Shapiro and Carrie LaFrenz
Battle over the carcass of Dixon Advisory begins
Current and former clients of the failed wealth manager will have to wait another six months before getting any resolution over complaints filed years ago.
- Carrie LaFrenz and Jonathan Shapiro
Dixon Advisory’s collapse delivers a painful lesson for investors
The collapse of Dixon Advisory, one of the nation’s largest wealth managers, has exposed the heavy cost of the firm’s highly conflicted business model that steered the retirement savings of thousands of Australians into its own poorly performing high-fee property fund.
- Carrie LaFrenz and Jonathan Shapiro
- Analysis
- SMSFs
The slow painful death of Dixon Advisory
The collapse of Dixon Advisory brings to a close a dark episode in which wealth was transferred from clients with ruthless scale and efficiency.
- Updated
- Jonathan Shapiro
December 2021
Dixon Advisory faces second class action
Shine Lawyers is the latest class action lawyer to file a claim against Dixon Advisory alleging the firm provided conflicted and misleading advice.
- Jonathan Shapiro and Carrie LaFrenz
November 2021
E&P ‘intends’ to defend Dixon Advisory class action claim
E&P Financial, the parent company of Dixon Advisory, confirmed it is the subject of a class action over alleged conflicts of interest.
- Carrie LaFrenz and Jonathan Shapiro