Xerxes Mullan launches Avestar Capital

Dynasty Financial Partners said that Avestar Capital has become the most recent independent advisory firm to select Dynasty Financial Partners' open architecture of wealth management services and technology.

Founding partner and CEO Xerxes Mullan launched Avestar Capital as an independent advisory firm on March 17, 2017.

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.

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.

Dynasty Financial Partners develops, sources and integrates management capabilities for some of the industry's leading independent investment advisor firms Dynasty's integrated platform services delivery chassis offers a customized, open-architecture wealth management solutions and technology platform supporting advisors as they protect and seek to grow their clients' wealth. Dynasty's core principle is "objectivity without compromise," and the firm is committed to crafting solutions that allow investment advisors to act as true fiduciaries to their clients.