Avestar Capital, LLC

RIASEC RegisteredEst. 2017

Total AUM

$2.1B

Discretionary

$2.1B

100% of AUM

Avg account

$10.9M

Accounts

190

Employees

Advisory reps

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 structured as an LLC and operating since 2017. The firm acts as a capital allocator for both individual/family clients and institutional investors, charging either a percentage of assets under management or fixed fees. Its core advisory services include financial planning, discretionary portfolio management for individuals and small businesses, management of pooled investment vehicles, and selection of third-party advisers. Avestar is not positioned as an ESG investor, does not describe itself as a multistate adviser, and does not provide traditional pension consulting. The firm also serves in sponsor/GP and managing-member roles for pooled vehicles and maintains affiliations with other investment-adviser and insurance company entities.