Founder
Xerxes Mullan
launched Avestar Capital as an independent advisory firm on March
17, 2017. Mr. Mullan had previously worked at Merrill Lynch’s
Private Banking Investment Group as a Managing Director –
Investments, International Private Wealth Advisor. Joining him are
Tonya Smoake, Chief Operating Officer, Sanjeet Dass, Vice
President – Investments, Jennifer Wolf, Vice President - Financial
Planning and Alexa Cark, Client Services Analyst and Sonia Krauss,
Client Services Analyst– all from Merrill Lynch.
Avestar Capital is a global multi-family office and wealth
advisory business focused on serving entrepreneurs, C Level
executives and entrepreneurial professionals. The firm takes a
holistic approach to a client’s entire balance sheet, assessing
how assets, liabilities, tax obligations, insurance, business
circumstances and personal goals all interact to create
opportunities for integrated planning, intelligent implementation
and the prudent mitigation of risk. Their value-added service also
addresses wealth creation for their clients, by leveraging an
engaged network of multi-industry entrepreneurs and professionals,
to generate deal flow, fund raising and investment opportunities.
Avestar provides expert financial and structuring
guidance to entrepreneurs engaged in all stages of the business
life cycle. From initial capital raise through financial and
business development and ultimately through a monetization plan,
Avestar partners with the entrepreneur. Their clients are serial
entrepreneurs - established as well as select emerging
entrepreneurs. As a wealth incubator, Avestar provides low-cost
business support to emerging entrepreneurs, investing in them with
customized financial services and solutions, designed to help them
achieve long-term profitability.
Avestar Capital excels at solving challenges for
clients whose global affairs involve multi- jurisdictional and
multi-geographical financial issues. Working with global
entrepreneurs, successful financial professionals, and the
patriarchs and matriarchs of families that span borders, Avestar
has the experience, resources and partnerships to provide
integrated family office solutions. Avestar’s team is deeply
experienced in cross-border wealth/tax planning, global financial
advisory needs, and structuring multi-geographical trusts and
other investment vehicles to help clients safeguard their wealth.
“At Avestar Capital, we look forward to partnering
with Dynasty to bring comprehensive wealth management services to
our clients. Our network of families and institutions often
requires cross-border and multi-currency services and support for
middle market entrepreneurs. In particular, the U.S.-India cross
border planning is a very active market for us. As an independent
firm, we are now in a position to simplify their financial lives
by offering one of the most advanced platform of services,
research and products available,” said Xerxes Mullan, Founding
Partner of Avestar.
“At Dynasty, we are happy to welcome Xerxes and his
team to the Dynasty Network. As an independent firm, Avestar will
be able to provide its clients with services that go beyond
traditional wealth planning by creating access to business and
investment opportunities and by handling complex global planning
issues,” said Shirl Penney, CEO of Dynasty Financial Partners.
Avestar Capital will engage with Dynasty on building
out their practice management including marketing and branding and
in streamlining their operations, investments and technology.
Avestar Capital has selected Fidelity Clearing & Custody Solutions
as a primary custodian.