Avestar Capital, LLC

RIASEC Registered
Total AUM
$2.1B
Discretionary
$2.1B
100% of AUM
Avg account
$10.9M
Accounts
190
Employees
16
Advisory reps
15

Firm details

Headquarters
New York, New York
CRD number
287525
Registered since
March 9, 2017
Custodians
CHARLES SCHWAB & CO., INC., PERSHING LLC
Fee structure
Percentage of AUM, Fixed Fees
Client types
  • HNWI94.88%
  • Pooled Investment Vehicles2.99%
  • Charitable Organizations0.99%
  • Individuals0.82%
  • Corporations / Businesses0.33%
Services
Financial PlanningPortfolio Management for IndividualsPortfolio Management for Pooled Investment VehiclesSelection of Other Advisers

Firm profile

FINTRX

Overview

Avestar Capital, LLC is an independent registered investment adviser organized as a limited liability company and first registered in 2017. The firm positions itself as a capital allocator serving a mix of individuals, families and institutional clients. Its fee model combines asset-based fees and fixed-fee engagements. Core advisory services include financial planning and discretionary portfolio management for individuals and small businesses, portfolio management for pooled investment vehicles, and the selection/oversight of third-party advisers. The firm does not present itself as an ESG-focused manager and is not registered as a multi-state adviser or pension consultant. Avestar also participates on the sponsor/GP side of pooled vehicles and lists industry affiliations that include other investment advisers and insurance companies, indicating it both allocates to outside managers and sponsors private investment structures.

Assets & Accounts

Public Holdings

Investments & Alternatives

Location & Offices

Investment profile

FINTRX

Traditional investments used

Alternative investments used

Active ESG investor

Technology & operations

FINTRX

CRM & tech providers

TAMPs used

Clients

FINTRX

Client base

Client personas

Asset composition

Asset composition: Exchange Traded Equities 65%, Other 16%, Public Funds/Mutual Funds 9%, Cash & Cash Equivalents 4%, Private Funds 3%, US Government Bonds 2%, State & Local Bonds 1%65%
  • Exchange Traded Equities65%
  • Other16%
  • Public Funds/Mutual Funds9%
  • Cash & Cash Equivalents4%
  • Private Funds3%

Owners & executives

2 of 2
  • Stacey Gillespie

    Stacey Gillespie

    Chief Compliance OfficerCRD 3137874

  • Brian Fullerton

    Brian Fullerton

    Chief Investment OfficerCRD 2054485

Contacts

3 of 13
  • Jason Mcmillen

    Jason Mcmillen

    DirectorCRD 6187380

  • Sanjeet Dass

    Sanjeet Dass

    Senior Vice PresidentCRD 6343471

  • Michael Silvestri

    Michael Silvestri

    Portfolio ManagerCRD 6722475

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Wealth teams

FINTRX

Newly hired reps

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Recent M&A activity

FINTRX

Recent filings

FINTRX

Awards

FINTRX

ETF holdings

1 of 212

Active vs passive

$744M in ETFs

Passive

65%

$484M

Active

33%

$260M

ETFProviderStyleCategoryValueShares% of portfolio
SPDR S&P 500 ETF TRUST (SPY)State StreetPassiveLarge Blend$47.2M63,2376.35%

Location

Primary office

New York, NY

New York

Location

New York, NY

Headquartered in New York, NY, anchoring the New York-Newark, NY-NJ-CT-PA metro in the Northeast.

Metro area
New York-Newark, NY-NJ-CT-PA
Region
Northeast
County
New York
Address
400 Madison Ave
Time zone
ET (UTC-5)
Office locations

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Source: FINTRX private wealth data intelligence

Intelligence for Private Wealth