Wealth manager E&P has reached a $16 million settlement deal for class action proceedings over alleged conflicted and misleading advice brought by Shine Lawyers on behalf of former clients of its Dixon Advisory business.
There is no admission of fault attached to the settlement.
Alan Dixon, then managing director and CEO of Dixon Advisory, in his Manhattan office in June 2016. Trevor Collens
That concludes the action against E&P, Dixon Advisory & Superannuation Services, and former executives Alan Dixon and Christopher Brown. Many clients are separately working their way through claims lodged with the Australian Financial Complaints Authority.
In January, Dixon parent E&P tipped the troubled weal…
Read the full article at: https://www.afr.com/companies/financial-services/e-and-p-dixon-advisory-settle-class-action-over-alleged-conflict-20231114-p5ejsb