Alan Dixon (Australian investor)
Alan Dixon is an Australian businessman who was the managing director of Dixon Advisory.
Early life and education[edit]
Alan Dixon is the son of Daryl Dixon.[1] He attended Australian National University.[1]
Career[edit]
In 2012, Dixon assumed leadership of financial advisory firm Dixon Advisory, founded by his father in 1986.[2][3]
Under Alan Dixon's leadership, Dixon Advisory began operating its own investments, including creating and running United States-invested property funds.[3] Dixon frequently socialized with mayor Steven Fulop and helped renovate both the mayor's primary residence and his Rhode Island beach home for what one local real estate website estimated was almost at-cost.[4][5] In a separate deal between the two, Fulop arranged to purchase a "trophy" property from Dixon Advisory for his personal use that was never advertised to the public.[4]
Alan Dixon stepped down from the company in 2019 and, in 2020, the Australian Securities and Investments Commission, initiated action in the Federal Court of Australia against Dixon Advisory, leading to a $7.2 million penalty against the firm for not acting in the best interest of its clients.[3][6] In 2021, a class action lawsuit was filed against Dixon Advisory by investors who alleged they had lost significant sums of money due to its advice.[7]
Personal life[edit]
In 2017, Dixon established the Dixon-Walsh scholarship fund at Australian National University with a $1.35 million donation.[1]
References[edit]
- ↑ 1.0 1.1 1.2 "A birthday gift that keeps on giving". anu.edu.au. Australian National University. 23 April 2018. Retrieved September 11, 2023.
- ↑ Creswell, Julie (November 19, 2013). "G'Day From Bushwick". New York Times. Retrieved September 11, 2023.
- ↑ 3.0 3.1 3.2 Hely, Susan (January 21, 2022). "Dixon in administration: What it means for investors". Money Magazine Australia. Retrieved September 11, 2023.
- ↑ 4.0 4.1 Morrill, Aaron (February 6, 2022). "Australian Developer that Backed the Mayor Goes Under Down Under". Jersey City Times. Retrieved September 11, 2023.
- ↑ Shapiro, Jonathan (June 19, 2019). "Dixon ties to local US politicians questioned". Australian Financial Review. Retrieved September 11, 2023.
- ↑ Shapiro, Jonathan (September 19, 2022). "Dixon Advisory to pay $7.2m for breaching best interest rules". Australian Financial Review. Retrieved September 11, 2023.
- ↑ Griffiths, Neil (November 4, 2021). "Class action filed against wealth manager and former director". Independent Financial Advisor. Retrieved September 11, 2023.
This article "Alan Dixon (Australian investor)" is from Wikipedia. The list of its authors can be seen in its historical and/or the page Edithistory:Alan Dixon (Australian investor). Articles copied from Draft Namespace on Wikipedia could be seen on the Draft Namespace of Wikipedia and not main one.
