AVESTAR CAPITAL, LLC

RIASEC RegisteredEst. 2017
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
Website
avestarcapital.com
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 an LLC and registered with the SEC since 2017. It positions itself as a capital allocator serving both individual and institutional clients, combining portfolio management and financial planning with the ability to select outside managers. The firm charges a mix of asset-based and fixed fees and engages in active management for individual and pooled investment vehicles; it also serves as a sponsor or managing member of pooled vehicles in some situations. Avestar does not identify as an active ESG investor.

Assets & Accounts

Public Holdings

Investments & Alternatives

Location & Offices

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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

  • BRIAN FULLERTON

    Chief Investment OfficerCRD 2054485

  • STACEY GILLESPIE

    Chief Compliance OfficerCRD 3137874

Contacts

3 of 13

  • SANJEET DASS

    Senior Vice PresidentCRD 6343471

  • SHILPA KUMARI

    Financial AnalystCRD 3252952

  • JASON MCMILLEN

    DirectorCRD 6187380

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Wealth teams

FINTRX

Newly hired reps

FINTRX

Recent M&A activity

FINTRX

Recent filings

FINTRX

Awards

FINTRX

ETF holdings

1 of 195

Active vs passive

$664M in ETFs

Passive

62%

$414M

Active

36%

$249M

ETFProviderStyleCategoryValueShares% of portfolio
SPDR S&P 500 ETF TRUST (SPY)State StreetPassiveLarge Blend$35.2M54,1135.30%
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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