October 2024
- Opinion
- Governance
How David Evans’ wealth vision went horribly wrong
The top stockbroker wanted to create a firm based on old world trust and integrity. But now its best chance of success lies in a retreat from life as a listed company.
- Jonathan Shapiro
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
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
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
February 2022
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
Dixon Advisory files for voluntary administration as claims mount
Liabilities from class actions, settlements and regulatory penalties will leave the embattled wealth management firm insolvent.
- Updated
- 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
July 2021
Dixon fine a ‘slap on the wrist’ say clients
Dixon Advisory clients who suffered investment losses in the firm’s US property fund have criticised the proposed $7.2 million settlement.
- Jonathan Shapiro and Carrie LaFrenz
May 2021
360 Capital tests interest in E&P stake; readies sale
360 Capital is preparing to sell its stake in ASX-listed stockbroker and wealth manager E&P Financial Group.
- Sarah Thompson, Anthony Macdonald and Tim Boyd
November 2020
Evans Dixon tells investors to vote against the election of suitor Tony Pitt
The board has withdrawn its unanimous support for the 360 Capital Group managing director, who recently bid for the wealth manager.
- Carrie LaFrenz and Jonathan Shapiro
April 2020
At least Evans Dixon shareholders still have the dividend
The nice thing about clipping the ticket is you get to do it on the way up and on the way down.
- Myriam Robin
April 2019
Evans Dixon's NY-focused property fund eyes sales to plug cash flow
The $430 million US Masters Residential Property Fund is looking to close the growing discount between its unit price and its net tangible asset.
- Carrie LaFrenz and Jonathan Shapiro