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ED1 - Evans Dixon

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Evans Dixon is a financial services business with a history spanning over 30 years. The business operates two recognisable wealth advice brands in Australia, being Evans & Partners and Dixon Advisory, as well as Walsh & Company, a specialist asset manager.

Evans Dixon's approach is to focus on long term client partnerships while seeking to provide high quality market leading outcomes through an integrated investment, execution and advice solution for private clients, institutional clients and corporates.

As of 28 February 2018, Evans Dixon Wealth Advice services over 8,800 clients with over $18 billion in funds under advice.

Capital Markets advises over 180 institutional clients and provides equity and debt capital markets services to corporate clients and to the Evans Dixon Wealth Advice network.

The Funds Management group manages over $5 billion of assets across its different strategies.

Evans Dixon currently employs over 600 staff located across Sydney, Melbourne, Canberra, Brisbane, and New York City.

It is anticipated that ED1 will list on the ASX during May 2018.

https://www.evansdixon.com.au
 

So_Cynical

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Wow - Shocking chart for a financial that is well established, wheres the bottom?
~
ed1.jpg
 

So_Cynical

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PE in single figures, been a bit of support at the 78-80c level over the last week, the SP has to turn up at some point,
if the final dividend is just 3c thats a 50% cut on last year and a FY yield at today's price of 10% net, 13% gross.
 
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bit of a sad story in today's AFR; the headline says it all
Dixon name to vanish, leaving behind devastated clients

The listed merged entity will revert to an abbreviated form of Evans & Partners – E&P Financial Group.
[these days,] the Dixon Advisory name is tarnished. Plagued by a conflict of interest scandal and mounting investment losses of in-house funds that its advisers recommended to self-managed super clients, the name will be dispensed with.
Shine Lawyers is circling.
 
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Truly tragic fate for hundreds of mainly, Canberra clients of Daryl Dixon,one of the most knowledgeable and trusted experts on superannuation in this country.How could he not have checked his own son's high risk U.S. real estate strategy? The market didn't like it,right from day one.Even with the ship going down , the firms advisors were still roping in more unfortunate people's life savings. All gone now,along with the good will of what was once a trusted expert on super.
 

So_Cynical

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All gone now,along with the good will of what was once a trusted expert on super.
Reputation all gone but the business and the fund lives on, massive loss for investors that have been in since the beginning.
 
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Evans Dixon has appointed advisers as it considers a takeover offer from 360 Capital .

(a client of these outfits is a mere source of revenue /a potential future income stream. )
 
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