Dixon Advisory

Dixon Advisory is the fourth largest self-managed superfund provider in Australia, and a subsidiary of Evans Dixon.[1]

Dixon Advisory
FateMerger with Evans & Partners 2017
Founded1986
FoundersDaryl Dixon and Kate Dixon
ParentEvans Dixon
WebsiteOfficial website

History

Dixon Advisory was established by its eponymous founder Daryl Dixon[2] and his wife Kate Dixon in 1986.[3] He remains the Executive Chairman of the company.[4] By 2000 the firm had grown to 350 employees. [5] Dixon Advisory was the fourth largest self-managed super fund provider in Australia.[6] By 2015 the company had 4500 SMSFs under management, worth about $5 billion, and had around 8000 SMSF members.[2] Dixon Advisory officials have also discussed national financial issues in the Australian media.[7][8]

Merger

In 2017 the company merged with Evans & Partners into the company Evans Dixon, which became Dixon Advisory’s parent company.[9] The resulting company was a combined $18 billion wealth advisor firm.[10] In 2018, its parent company was listed on the Australian Stock Exchange, raising $170 million in its IPO. After its first day of trading, the company had a $580.2 million market capitalization.[11]

US business

In the United States, the company operates under the name Dixon Advisory USA. Investments have included the purchase and renovation of residential property in New York City. Dixon Advisory USA has since been closed due to the fund being poorly managed.[12] The department previously oversaw a $590 million US Residential Masters Property fund.[13]

References
  1. Reporter (14 May 2018). "Parent company of Dixon Advisory lists on ASX".
  2. Danckert, Sarah (4 August 2015). "Dixon Advisory fined for SMSF ads". The Sydney Morning Herald.
  3. "Evans Dixon merger sealed on the golf course". 28 September 2016.
  4. Dixon, Daryl (30 June 2018). "Maximising dividend payouts". The Sydney Morning Herald.
  5. "Sage soothes Dixon Advisory's growing pains - featured in the esteemed The Australian newspaper".
  6. "The Australian Business Awards 2012 - Service Excellence Award (SXA)". www.businessawards.com.au.
  7. Cormack, Lucy (15 June 2017). "Women expect to retire with $200,000 less than men in superannuation". The Sydney Morning Herald.
  8. "SMSF Loans". Monday, 14 December 2020
  9. "Heraldsun.com.au - Subscribe to the Herald Sun for exclusive stories". www.heraldsun.com.au.
  10. "Evans Dixon defends business model". 17 April 2018.
  11. Vickovich, Aleks (14 May 2018). "Dixon Advisory parent lists on ASX".
  12. "The buyers keep on coming for Bed-Stuy rowhouses - Brooklyn Daily Eagle". www.brooklyneagle.com.
  13. "Dixon funds announce buybacks as clients back Evans Dixon IPO". 3 May 2018.
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