About Avestar

Avestar Capital is a Multi-Family Office & Global Financial Advisory boutique dedicated to work primarily with entrepreneurs and other wealthy families across multiple stages of their business cycles and personal financial lives. We apply our varied and valuable expertise to create integrated balance sheet solutions, customized for each of our clients.

Avestar’s unique competitive advantage is that we enrich our relationships by connecting ideas, opportunities and people across our strong network of investors, multi-industry entrepreneurs, financial professionals, and professional contacts.

Our distinctive approach is integrated and comprehensive, by first analyzing a client’s comprehensive balance sheet and then creating optimal financial planning structures and tailored investment management strategies - followed by seamless implementation, ongoing monitoring and financial administration of the action plans.

  • We look to achieve an optimal structure for your financial picture, from a tax, debt and cash flow perspective.
  • Because we believe that there is too much risk in limiting wealth management to investment management, we will re-engineer your balance sheet as needed, to generate a more accurate, fully integrated portfolio allocation.
  • We recognize that income taxes and estate taxes cause significant erosion of wealth, so we focus on building solutions to mitigate the impact of taxation.

We address your needs from a truly collaborative partnership perspective, emphasizing a client service relationship designed to simplify and unburden your financial life.

The name Avestar was created by combining the words Avestan and Star.

Avestan is the ancient language of the eastern religion Zoroastrianism, which exalts wisdom and emphasizes an individual’s free will to choose to do good deeds, ensuring happiness and keeping chaos at bay. The star is symbolic of how Avestar pulls together the six points of our integrated approach to create a clear unified strategy for each client. The points represent our ability to provide an objective, comprehensive and integrated approach to managing a client’s balance sheet – from overall balance sheet strategy to investment management and ongoing financial administration.

Avestar Capital seeks to be conflict-free and offers unbiased and objective advice across one’s balance sheet, supported by a customizable implementation and service model. Avestar’s open architecture ensures the firm’s ability to serve our clients as true fiduciaries.

Avestar Capital achieves success by helping our clients simplify, optimize and confidently handle their financial lives – from generating wealth to fiscal literacy among their families… from launching new businesses, to investing in existing ventures, to preparing for business succession… from fulfilling philanthropic objectives to enjoying the life and leisure each client deserves.

We are equally dedicated to solving the complexities of family and business finances as we are to helping clients address their personal family dynamics and define objectives that influence their decisions.

We are sensitive to the psychology of wealth, and are experienced in dealing with multi-generational challenges – the objective of raising fiscally responsible children, the hope of fulfilling philanthropic wishes, and the dream of building a lasting legacy.

A kindred spirit with our clients, Avestar Capital is an entrepreneurial venture that reflects our independent and growth-minded approach to business.

As an employee-owned partnership, we are equally committed to our team as to our clients, recognizing that our mutual success is achieved through true partnership. We thrive on providing you with quality personal attention inspired by a creative intellectual approach to addressing your needs. Our most important asset is the connectivity we can offer through our vast network of personal and professional contacts.

Xerxes Mullan
Chief Executive Officer
Xerxes is the CEO and Founder of Avestar Capital, a Multi-Family Office and Global Financial Advisory boutique. Prior to Avestar, Xerxes worked as a Managing Director – Investments at the Private Banking and Investment Group at Merrill Lynch.  Xerxes also worked with Goldman Sachs & Co. in its Investment Management Division in New York, London, Hong Kong and Singapore.  Xerxes holds an M.B.A in Finance and Strategy from Yale University, a Masters in Commerce in Macroeconomics and Bachelors in Commerce in Accounting & Economics from the University of Mumbai.  He is on the Tri-State Board of Pratham (an education-based non-profit) and is a Charter Member of TiE (The Indus Entrepreneurs). Xerxes is also an FAA certified multi-engine commercial pilot and lives in New York with his wife Shilpa, son Aadi, and daughters Ananya and Anoushka.
Tonya Smoake
Chief Operating Officer
Tonya is a founding member of Avestar Capital.  Tonya has been in the financial services industry since 2003, most recently with Merrill Lynch, which she joined in 2005 as a founding partner of the Mullan Group. Tonya holds a Bachelor of Science in Finance from the University of Maryland, where she was a Goldman Sachs scholar, participating in the program through the Jackie Robinson Foundation.  She is also an active member of the Robert H. Smith School of Business Alumni Association and Habitat for Humanity. In her free time, she enjoys taking fitness/dance classes such as Zumba.
Mark Lebida, CFA©
Senior Vice President - Investments
Mark joined Avestar Capital as the Senior Vice President of Investments. Previously, Mark worked as an advisor as well as a consultant in the financial services industry, most recently at TIAA-CREF. Mark did his undergraduate work at University of Maryland and received his MBA in Finance at Seton Hall University. Mark lives in New Jersey with his wife Wendy and his son Drew, and enjoys time with family and sports - having played college football as a wide receiver!
Sanjeet Dass
Vice President - Investments
Sanjeet has been in the financial services industry since 2012, most recently with Merrill Lynch, where he served as a Financial Advisor since 2013.  Previously, Sanjeet worked as an Equity Analyst at a Florida-based hedge fund and as an Investment Banking Analyst in Mumbai, India. He holds a Bachelor of Science in Business Administration from the University of Florida. Sanjeet is an avid musician, playing piano, trumpet, and guitar. Sanjeet also plays tennis recreationally. 
Jennifer Wolf
Vice President - Financial Planning
Having worked in the financial services industry since 2003, Jennifer joined Avestar Capital, responsible for financial planning for the firm’s clients.  In 2013, she joined Merrill Lynch as a Financial Advisor and joined the firm’s Mullan Group in 2015.  Previously Jennifer worked in wealth management for Smith Barney, TD Ameritrade and in corporate communications for a China-focused private equity firm in New York City. She holds a Bachelor of Science in Business, Management and Finance from Brooklyn College (CUNY) and an MBA from the European School of Economics in Rome, Italy. Jennifer is an avid traveler and SCUBA diver.
Alexa Clark
Client Services Analyst
Alexa began her financial services career in 2014 when she joined Merrill Lynch as an intern in its Charlotte, North Carolina office. She joined Merrill’s Mullan Group in 2016, then joined Avestar Capital in 2017.  Alexa holds a Bachelor of Science in Business Administration from the Queens University of Charlotte.  As a Queens University student athlete, she was a member of the school’s two-time conference champion Women’s Golf Team.  Alexa remains active in both golf and soccer, and is also involved with the Life Group at Hill Song Church.  
Sonia Kraus
Client Services Analyst
Prior to joining Avestar Capital, Sonia worked with the team at Merrill Lynch in a client service capacity. She has worked with numerous private equity firms as well. Sonia holds a Bachelors in Business Administration in Accountancy from Baruch College.  Sonia is passionate about philanthropy and has been actively volunteering with events such as The Terry Fox Run or Cycle for Survival, raising money for cancer research every year since 2010.  She is also involved in the Sustainable Rural Development in Romania Association, helping to raise money for her native Romania.
Anita Lam
Client Services Coordinator
Anita became a member of Avestar Capital after having been with the Mullan Group of Merrill Lynch since 2016. At Merrill, Anita helped out with administrative tasks and client coordination. Anita earned her Bachelor of Arts at Mumbai University. Anita enjoys spending time with her husband Cyrus and her two children, Zoeish and Zaal. Anita also enjoys painting in her spare time. 
Xerxes Mullan
Chief Executive Officer
Xerxes is the CEO and Founder of Avestar Capital, a Multi-Family Office and Global Financial Advisory boutique. Prior to Avestar, Xerxes worked as a Managing Director – Investments at the Private Banking and Investment Group at Merrill Lynch.  Xerxes also worked with Goldman Sachs & Co. in its Investment Management Division in New York, London, Hong Kong and Singapore.  Xerxes holds an M.B.A in Finance and Strategy from Yale University, a Masters in Commerce in Macroeconomics and Bachelors in Commerce in Accounting & Economics from the University of Mumbai.  He is on the Tri-State Board of Pratham (an education-based non-profit) and is a Charter Member of TiE (The Indus Entrepreneurs). Xerxes is also an FAA certified multi-engine commercial pilot and lives in New York with his wife Shilpa, son Aadi, and daughters Ananya and Anoushka.
Tonya Smoake
Chief Operating Officer
Tonya is a founding member of Avestar Capital.  Tonya has been in the financial services industry since 2003, most recently with Merrill Lynch, which she joined in 2005 as a founding partner of the Mullan Group. Tonya holds a Bachelor of Science in Finance from the University of Maryland, where she was a Goldman Sachs scholar, participating in the program through the Jackie Robinson Foundation.  She is also an active member of the Robert H. Smith School of Business Alumni Association and Habitat for Humanity. In her free time, she enjoys taking fitness/dance classes such as Zumba.
Mark Lebida, CFA©
Senior Vice President - Investments
Mark joined Avestar Capital as the Senior Vice President of Investments. Previously, Mark worked as an advisor as well as a consultant in the financial services industry, most recently at TIAA-CREF. Mark did his undergraduate work at University of Maryland and received his MBA in Finance at Seton Hall University. Mark lives in New Jersey with his wife Wendy and his son Drew, and enjoys time with family and sports - having played college football as a wide receiver!
Sanjeet Dass
Vice President - Investments
Sanjeet has been in the financial services industry since 2012, most recently with Merrill Lynch, where he served as a Financial Advisor since 2013.  Previously, Sanjeet worked as an Equity Analyst at a Florida-based hedge fund and as an Investment Banking Analyst in Mumbai, India. He holds a Bachelor of Science in Business Administration from the University of Florida. Sanjeet is an avid musician, playing piano, trumpet, and guitar. Sanjeet also plays tennis recreationally. 
Jennifer Wolf
Vice President - Financial Planning
Having worked in the financial services industry since 2003, Jennifer joined Avestar Capital, responsible for financial planning for the firm’s clients.  In 2013, she joined Merrill Lynch as a Financial Advisor and joined the firm’s Mullan Group in 2015.  Previously Jennifer worked in wealth management for Smith Barney, TD Ameritrade and in corporate communications for a China-focused private equity firm in New York City. She holds a Bachelor of Science in Business, Management and Finance from Brooklyn College (CUNY) and an MBA from the European School of Economics in Rome, Italy. Jennifer is an avid traveler and SCUBA diver.
Alexa Clark
Client Services Analyst
Alexa began her financial services career in 2014 when she joined Merrill Lynch as an intern in its Charlotte, North Carolina office. She joined Merrill’s Mullan Group in 2016, then joined Avestar Capital in 2017.  Alexa holds a Bachelor of Science in Business Administration from the Queens University of Charlotte.  As a Queens University student athlete, she was a member of the school’s two-time conference champion Women’s Golf Team.  Alexa remains active in both golf and soccer, and is also involved with the Life Group at Hill Song Church.  
Sonia Kraus
Client Services Analyst
Prior to joining Avestar Capital, Sonia worked with the team at Merrill Lynch in a client service capacity. She has worked with numerous private equity firms as well. Sonia holds a Bachelors in Business Administration in Accountancy from Baruch College.  Sonia is passionate about philanthropy and has been actively volunteering with events such as The Terry Fox Run or Cycle for Survival, raising money for cancer research every year since 2010.  She is also involved in the Sustainable Rural Development in Romania Association, helping to raise money for her native Romania.
Anita Lam
Client Services Coordinator
Anita became a member of Avestar Capital after having been with the Mullan Group of Merrill Lynch since 2016. At Merrill, Anita helped out with administrative tasks and client coordination. Anita earned her Bachelor of Arts at Mumbai University. Anita enjoys spending time with her husband Cyrus and her two children, Zoeish and Zaal. Anita also enjoys painting in her spare time. 

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