ANALYSIS: The collapse of Dixon Advisory brings to a close a dark episode in which wealth was transferred from clients with ruthless scale and efficiency.
and scale with which it transferred the wealth of its customers to its proprietors and destroyed the firm.to assist ordinary Australians in managing their wealth and retirement savings.It established self-managed superannuation funds for its clients and guided them to the most suitable investments providing sound and affordable advice. In some respects it is exactly what Australians needed and still need.
Dixon Advisory maintained it was acting in the interests of its clients, and the advice was to keep the faith with the URF. They were typically middle-class Australians who built their wealth by working loyally and consistently over many years either in the public or private sector. The corporate watchdog finally intervened with a case of its own, but that ended with a modest penalty that had no direct benefit to clients.
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