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Dixon Advisory Class Action

Shine Lawyers has filed a class action against Dixon Advisory on behalf of clients who were given financial advice to invest in US Masters Residential Property Fund (URF) over the course of the last 8 years.


What is the Dixon Advisory Class Action about?

The Dixon Advisory Class Action team have filed a class action on behalf of clients of Dixon Advisory in relation to advice given to invest in URF over the course of the last 8 years.

This advice was recently the subject of an investigation undertaken by the Australian Financial Review which can be found here.

Based on information contained in this report the Dixon Advisory Class Action team alleges:

  • The advice given to Dixon Advisory clients was not suitable for the clients' particular needs and taking into account their entire financial circumstances;
  • Recommendations made to Dixon Advisory clients to invest in products and investments conceived, developed and promoted by companies in the Evans Dixon Group were not in the clients’ best interest; and
  • Conflicts of interest were not adequately addressed in relation to recommendations to invest in Evans Dixon Group products and investments.

IMPORTANT UPDATE TO GROUP MEMBERS

On 19 January 2022, it was reported in the Australian Financial Review that Dixon Advisory Superannuation Services Ltd, the first respondent in the Dixon Advisory class action, has been placed into voluntary administration.

The Dixon Advisory class action was filed in December 2021 against four respondents:

  1. Dixon Advisory Superannuation Services Ltd (‘DASS’)
  2. E&P Financial Limited
  3. Alan Dixon
  4. Christopher Brown

Given DASS has been placed into voluntary administration, the class action against this entity cannot be progressed at this stage, except:

  • With the Administrator’s written consent; or
  • With permission from the Federal Court of Australia.

This means that, for the time being, the action against DASS is automatically ‘stayed’ (in other words, on hold) until either the Administrator or the Federal Court indicate otherwise. The class action brought against the three additional respondents (E&P Financial Limited, Alan Dixon and Christopher Brown) remains unaffected by this announcement, and will continue to progress.

Shine Lawyers’ Dixon Advisory Class Action team will be in contact with Group Members with further information when we are in a position to do so. In the meantime, Group Members are encouraged to send any queries they may have through to [email protected].

Can I join the Dixon Advisory Class Action?

To be a part of this class action you must have:

Been a retail client of Dixon Advisory at some point from 15 April 2011 to 23 December 2021
    Held or acquired interests in the property investment fund known as the US Masters Residential Property Fund (URF) while you were a client of Dixon Advisory
    Held the relevant URF interests on, or acquired the said interests after, 22 December 2015.

If you answered yes to the above, you may be entitled to compensation, and are encouraged to register for the Dixon Advisory Class Action.

How to register for the Dixon Advisory Class Action

To register on a confidential, no-cost, no-obligation basis, please click the registration button below and fill out the form.

Sign up for the class action

Register now

If you have any questions or require any assistance in registering for the class action, please contact our Dixon Advisory Class Action Team at [email protected] or on 1800 325 172.

Who is Shine Lawyers’ Class Action Team?

Shine Lawyers’ Class Action Team includes some of the firm’s most experienced solicitors and support staff. The team includes:

Common Questions

This class action is being run a No Win No Fee basis. Participating in the class action will not expose you to any out of pocket cost. If the class action is unsuccessful, you will not be charged for any of our legal fees.