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Dixon Advisory

Dixon Advisory

4.1 from 174 reviews · View Statistics
See the Best SMSF / Small Funds in 2022 as rated by Australians on ProductReview.com.au.
Listing monitored by Dixon Advisory

Reviews

  • Transparency
    1.5 (24)
  • Customer Service
    3.3 (29)
  • Insurance Options
    2.5 (4)
  • Income Protection
    2.0 (2)
  • Rates and Fees
    1.2 (21)
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Jai
JaiMetropolitan Adelaide, SA
  • 6 reviews
  • 14 likes

Self Serving Investment Advice.

published

I left after 4 years after escalating costs. What I found was the administration e.g. setup and annual audit, returns etc. was very good. However, I found their investment arm was self serving, over priced and under performing.

Transparency
2/5
Customer Service
3/5
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Let down
Let downSydney, NSW

Self-serving advice

published

Left Dixons after 3 years. Nothing but self serving 'advice'. We dodged the URF and New Solar ( even though they were really pushed on us) Other, non 'Dixon' stock recommendations were a mixed bag but overall fairly hopeless. Put us into closed Funds that are a problem. Still trying to clean up the mess they left us with. Reading other reviews I count us as one of the lucky ones. Stay well clear of them.

Transparency
1/5
Customer Service
4/5
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Roy Singh and Sue Singh
Roy Singh and Sue Singh
  • 3 reviews
  • 12 likes

Dixion Advisory experience

published

Lost over $140K due to Dixions advise to purchase URF and New solar. When confronted my advisors regarding the decline they assured me verbally that all will pick up after the USA election...load of bullocks!
I am working with Shine Lawyers

Incentivised Review No
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Disappointment
DisappointmentFadden 2904, ACT

Poor Advice

published

We have lost over $350,000 + over 6 years investing is what is biased advice to invest in ïn-house" products with exorbitant fees. Very disappointing outcomes and a blatant violation in what is supposed to be a "controlled" industry.

Transparency
1/5
Customer Service
2/5
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Kaiviti
KaivitiAustralian Capital Territory

Dixon/E&P has lost my SFMF thousands of dollars

published

I bought Evans and Partners (E&P) shares on advice from the firm at $2.50 each which now is being purchased for $0.30 cash with offer of new TGP shares valued at $0.40. This will result in a loss of $21,880 to my SFMF. The losses from similarly recommended products such as the URF from Dixon Advisory are even larger. Understand ASIC is now taking legal action against E&P. Happy to provide data in support of this action if and when required.

Transparency
1/5
Customer Service
1/5
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Maria
MariaSydney, NSW
  • 2 reviews
  • 17 likes

Dixon advisory now E & P Financial Group

published

Beware Dixon Advisory have changed their name to E & P Financial Group. Don’t trust them or their SMSF advice. Dixon’s reputation was trashed because of their poor investment advice, so now they have changed their name to rebuild their business. I know because I lost $150,000.00 through their advice and ASIC is taking Dixons to the High Court for not acting in their clients best interests. They should not be able to get away with this.

Transparency
1/5
Rates and Fees
1/5
Incentivised Review No
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Nellie A
Nellie ASydney, NSW

Advice not in the client's best interest!

published
Transparency
1/5
Rates and Fees
1/5
Incentivised Review No
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Michael
Michael Northeast, VIC
  • 5 reviews
  • 27 likes
  • Verified

Conned by Dixon's

published
Transparency
1/5
Customer Service
3/5
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  • Verified

Devastated Clients

published
Transparency
1/5
Customer Service
1/5
Similar opinion? Write a review on ProductReview.com.au!
SMSF / Small Funds

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jvdv01
jvdv01
  • 43 reviews
  • 55 likes

Conflicting & Irresponsible Advice

published
Transparency
1/5
Customer Service
2/5
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gina
gina
  • 2 reviews
  • 24 likes

Huge Loss of nearly $300k . - Greedy and Unethical and kept touting their product knowing it was going down

published
Transparency
1/5
Customer Service
1/5
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pollyhomes
pollyhomesGreater Melbourne (Metropolitan), VIC

Worst SMSF administrators

published

I've been with Dixon Advisory for several years, Dixon push their own products ahead of others, practically every investment presented, has Dixons fingers in the pie. and don't mention Evan Dixon Limited ED1 shares... what a flop.

Transparency
1/5
Customer Service
3/5
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SMSF / Small Funds

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Nick
NickCentral Highlands and Goldfields, VIC

Dont go near these Duds

published

Invested my SMSF with Dixons 5 years ago,the nett result being we were steered into their in house brands,after paying $7000/year to receive their "advice" we are now $120,000 + down with no real hope of gaining any back even though 2 board members operating the URL scam walked away with $26 Mill each.
I was never offered compensation for their tainted advice to reinstate my losses.
I thankfully departed Dixons some 3 months ago to a new advisor who is thankfully restructuring my portfolio from the train wreck of the Dixon years

Transparency
2/5
Customer Service
3/5
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Tony Blake
Tony BlakeNorthern Region, NSW
  • 3 reviews
  • 18 likes

Disappointed in Dixons

published
Transparency
2/5
Customer Service
3/5
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JFB
JFBBlayney
  • 2 reviews
  • 14 likes

Presents well but Poor Performance for High Fees

published
Transparency
1/5
Customer Service
3/5
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Questions & Answers

Brisbane buyer
Brisbane buyerasked

I am more fortunate than most of those who have commented in that I was always suspicious of Dixons' "financial advice" so have generally ignored it. My real reason for becoming a Dixons' client was the admin support in the 2017 super changes (Transfer balance caps etc) - which was, I think, effective. On-going accounting/admin has been patchy. Would now like some recommendations for an admin only service - but it's a priority that it doesn't limit my investment options. Anyone know of some-one good?

2 answers
Brisbane buyer
Brisbane buyer

thank-you

Nellie A
Nellie Aasked

Hi, I'm in a similar situation to many of the previous reviewers - Dixon's has proved a disaster and a nightmare that I just can't seem to escape from. I'm down about $500,000 and totally devastated. So, for those of you who have managed to move your SMSF from Dixon's to another manager can you tell me how easy/difficult is the process and who did you go to?

6 answers
gina
gina
Nick
Nick
Nellie A
Nellie A

Thanks Nick. Were Dixon’s “co operative” to your departure? Did they charge your fund any exit fees etc? Any other insights you can offer regarding departing Dixon’s would be appreciates

Alethea
Aletheaasked

ASIC is prosecuting Evans Dixon/Dixon Advisory for allegedly advising not in the best interests of its clients, citing 5 cases, in connection with URF products which those clients invested in on the advice of Dixon Advisory.
I understand that ASIC is seeking pecuniary penalties, and if successful fines will be paid by the entity to the Commonwealth Government.
Will those fines effectively be penalising shareholders in Evans Dixon or will they be payable by individual officers of the entity?
How or by what means will investors who took the advice and invested in products which have lost substantial monies be compensated?
Is there any possbility that ASIC will take criminal proceedings against Evans Dixon/Dixon Advisory and it responsible officers?

1 answer
SueB
SueB

I’d love to know the answers to those questions too. Can anyone help? Will the Shine action help all who are badly affected, or just those who join the action?

See all Dixon Advisory questions

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Details

CategorySMSF / Small Funds
Discontinuation date

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