Avestar Capital

Avestar Capital

Financial Company


Privately held company


Financial Company




Xerxes Mullan

Avestar Capital Info
Legal Name Avestar Capital LLC
Origin United States
Location New York
Key People Xerxes Mullan, Shilpa Konduri, Stacey Gillespie, Anita Lam
Num Employees 11-50 employees
Services Wealth Management, Investment Services, Private Capital Strategies
Revenue US$820mm (December 31, 2021)


Avestar Capital LLC, founded in New York, is an independent, cutting-edge, global financial advisory and asset management company. The company offers financial services such as portfolio and wealth management, investment management, and financial planning to high-net-worth individuals (HNWI). The company is customer focused and caters to individuals residing in the United States & South Asian diaspora with cross-border services.

As of 2022, the company has an asset under management (AUM) of about $800 million with its main office in New York, USA, and an additional office in Mumbai, India, which offers international investment management as Avestar Advisory.


Xerxes Mullan founded Avestar Capital LLC in 2017 as a multi-family office and independent global financial advisory firm. He previously served as an International Private Equity Advisor and Chief Investment Officer at Merrill Lynch from 2003 to 2017. In addition, he was a member of the investment department of Goldman Sachs’ Investment Division.

During his 13-year tenure with these investment groups, Mullan identified the constraints affecting cross-border wealth management in the United States. After leaving the company in 2017. Xerxes founded Avestar Capital LLC along with his colleagues, in response to the increasing opportunities for wealth management created by the South Asian diaspora.

Business Overview

Numerous high-net-worth individuals (HNWI), especially those who have cross-border businesses, require specialized and highly personalized financial advice and services. Avestar Capital LLC provides balance sheet administration and assesses how assets, liabilities & tax obligations, and business and personal goals can be managed through strategic and intelligent investment planning

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