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Dixon Advisory & Superannuation Services Pty Limited (DASS) was an Australian financial advisory firm, founded in 1986. It was particularly known for its services related to Self-Managed Superannuation Funds (SMSFs) and for promoting investments in the US Masters Residential Property Fund (URF), an entity it managed. The firm grew significantly, eventually merging with Evans & Partners in 2017 to form Evans Dixon (later E&P Financial Group). However, Dixon Advisory faced substantial controversy and numerous client complaints regarding its investment advice, particularly concerning the URF. This led to regulatory action by ASIC, significant financial liabilities, and ultimately, the company entered voluntary administration in January 2022. It was subsequently placed into liquidation in April 2023.
Served as a primary operational and administrative hub for financial advisory services, client management, and corporate functions before its administration.
Located in a modern high-rise in North Sydney's central business district, offering contemporary office facilities typical of financial services firms.
Reports and regulatory findings suggest a culture that became heavily focused on the sale of in-house products, particularly the URF. This led to high-pressure sales tactics and conflicts of interest. Earlier years may have reflected a more traditional financial advisory culture.
The Sydney headquarters represented a central point of control and a key client-facing center for Dixon Advisory's national operations, especially after its integration into the larger Evans Dixon group.
Dixon Advisory's operations were primarily concentrated in Australia, offering financial advisory services across major cities. It established an international presence in the United States (New York) to manage its US Masters Residential Property Fund (URF), which involved direct investment and management of US real estate assets. This US operation was a critical component of one of its key, and ultimately most problematic, investment offerings.
Level 15, 100 Pacific Highway (as part of E&P Financial Group)
North Sydney
NSW
Australia
Address: Historically: 18 National Circuit, Barton ACT 2600 (other Canberra offices also existed)
Served as a key hub for clients in the Australian Capital Territory and surrounding regions, foundational to the company's growth.
Address: Level 29, 360 Collins Street, Melbourne VIC 3000 (as part of E&P Financial Group)
Expanded Dixon Advisory's reach within the significant Victorian financial market.
Address: Level 20, 345 Queen Street, Brisbane QLD 4000 (as part of E&P Financial Group)
Catered to the growing Queensland market for financial advice and wealth management.
Address: 680 3rd Ave, New York, NY 10017, USA (Dixon Advisory USA / E&P Financial Group USA)
Facilitated direct investment and management of US-based real estate assets for the controversial URF.
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As of April 2025, Dixon Advisory' leadership includes:
Dixon Advisory has been backed by several prominent investors over the years, including:
In the 12-18 months leading up to its voluntary administration in January 2022, Dixon Advisory (and its parent E&P Financial Group) experienced significant turmoil, including the departure of key figures like Alan Dixon from the parent group (effective October 2020). The period immediately preceding administration (Jan 2021-Jan 2022) was characterized by mounting legal and financial pressures rather than notable executive hires. The most significant leadership change was the appointment of administrators.
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Based on common corporate structures and historical data, Dixon Advisory likely used email formats such as first initial followed by last name, or first name separated by a dot from the last name, at their domain dixon.com.au. These formats are no longer active.
[first_initial][last]@dixon.com.au or [first].[last]@dixon.com.au
Format
adixon@dixon.com.au or alan.dixon@dixon.com.au
Example
0%
Success rate
Australian Financial Review (AFR) • 19 January 2022
Dixon Advisory & Superannuation Services (DASS), a subsidiary of E&P Financial Group, entered voluntary administration, appointing PwC partners Stephen Longley and Craig Crosbie. This followed mounting liabilities from compensation claims and an ASIC penalty related to poor financial advice....more
ASIC (Australian Securities and Investments Commission) • 26 July 2022
The Federal Court ordered Dixon Advisory & Superannuation Services Pty Ltd to pay a $7.2 million penalty for failing to act in clients' best interests and provide appropriate advice. ASIC also secured $1 million in costs....more
Accountants Daily • 12 April 2023
Dixon Advisory and Superannuation Services (DASS) was placed into liquidation following a vote by its creditors. KPMG partners John Andronikos, Katherine Sohas, and Gayle Dickerson were appointed as liquidators, succeeding the voluntary administrators from PwC....more
The Sydney Morning Herald • 21 September 2023
A compensation scheme of last resort (CSLR) was approved, paving the way for former clients of Dixon Advisory to receive payouts for losses incurred due to poor financial advice. The scheme is funded by a levy on the financial services industry....more
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