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Avestar Capital is a global wealth management and advisory firm based in New York.

It functions as a family office that provides wealth management services to high net worth clients with specialization in cross-border services.

The firm also has a global presence with headquarters in New York and offices in Mumbai offering cross-border services and offshore investments under Avestar Advisory.

As of 2022, Avestar Capital has assets close to 800 million under management.

Background
Avestar Capital was founded in 2017 by Xerxes Mullan. Mr Mullan worked in wealth management at Merrill Lynch and Goldman Sachs.

Mr. Mullan has extensive experience and previously worked in the Investment Management Division at Goldman Sachs & Co. He later joined Merrill Lynch's Private Banking Investment group as a Managing Director - Investments, International Private Wealth Advisor from 2004-2017

During his time his 13 year tenure at Merrill Lynch Mr Mullan and his team had realized the banking institutions and restrictions around cross border wealth management services. Especially clients who have global balance sheet and financial planning and advisory needs.

Eventually in 2017, Mr Mullan and Associates left Merrill Lynch to set up Avestar Capital to serve as wealth advisors to their clients independently with more autonomy.

The firm today is focused on the rise of wealth creation in the South Asian Diaspora and how to cater to these client needs.

Business Overview
During his term at Merrill Lynch, Mr. Mullan discovered the need for specialized and highly personalized financial services for cross-border clients, especially those who have business in both India and in the US.

An increase in the wealth creation in the US today of the South Asians has led to increased financial needs such as planning and wealth management. Mr. Mullan founded Avestar Capital to cater to these growing and evolving needs of the South Asian diaspora and to help them to navigate through the cross-border space.

Avestar Capital provides balance sheet administration, assesses how assets, liabilities and tax obligations and business and personal goals can be managed through strategic and intelligent planning.

Avestar Capital is an independent global advisory that caters to clients with a vision to simplify their clients' financial lives.