Business
Evans Dixon chief confirms related party fee pivot – The Australian Financial Review
Evans Dixon says it is pivoting away from related party fees as revenues slide.
That raised concerns about conflicts of interest that arose due to Dixon Advisory’s vertically integrated model as clients that sought advice were heavily invested in expensive and under-performing in-house products.
Among them was the US Masters Residential Fund, or URF, that once again wrote down the value of its assets this week. .
In the full year presentation, the new strategy was described as a “pivot away from related revenue” which the company said had impacted the full year result.
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