Wealth manager, independent · New York, NY
Avestar Capital, LLC
SEC-registered investment adviser · CRD 287525 · SEC 801-110020
At a glance
Avestar Capital, LLC is an SEC-registered investment adviser based in New York, New York, with $2.1B in regulatory assets under management as of its Form ADV filed September 24, 2026. It reports 170 individual clients, 142 of them high-net-worth, holding an average of about $12 million each, and 16 employees. That ranks it 534th among the nation’s 5,657 independent wealth management RIAs and 43rd of 408 in New York. It reports 2 custodians for its clients’ separately managed accounts: Charles Schwab and BNY Pershing.
Main office 212-706-4140avestarcapital.comLinkedInAs filed on Form ADV
- Regulatory AUM
- $2.1B
- Rank among independent wealth managers
- #534 of 5,657
- Rank among all SEC RIAs
- #3,552 of 17,210
- Rank in New York
- #43 of 408
- Individual clients
- 170
- High-net-worth clients
- 142
- Accounts
- 190
- Discretionary
- 100% of AUM
- Employees
- 16
- Advisory staff
- 6
- Offices
- 4
Owners and executives on its Form ADV
- Stacey J. GillespieChief Compliance Officer
- Shilpa K. MullanPresident
- Brian J. FullertonChief Investment Officer
Custody and brokerage
Broker-dealer
No broker-dealer ties
Avestar Capital, LLC reports no employees registered with a broker-dealer and no affiliated broker-dealer.
Who it serves
| Client type | Clients | Regulatory AUM | Share |
|---|---|---|---|
| High-net-worth individuals | 142 | $2.0B | 95% |
| Pooled investment vehicles | 4 | $62M | 3% |
| Charitable organizations | 5 | $20M | <1% |
| Individuals | 28 | $17M | <1% |
| Corporations or other businesses | 8 | $7M | <1% |
Private funds
Avestar Capital, LLC reports 4 private funds with $62M in gross assets: private equity funds, other private funds (Form ADV Item 7.B).
Disciplinary disclosures
Avestar Capital, LLC reports no disciplinary disclosures in Item 11 of Form ADV. Read the details on the SEC’s adviser search ↗
Services
- Financial planning
- Portfolio management for individuals and small businesses
- Portfolio management for pooled investment vehicles
- Selecting other advisers
How it’s paid
- A percentage of assets under management
- Fixed fees
Form ADV and brochures on the SEC’s adviser search ↗avestarcapital.com ↗
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Ten years of SEC filings, its owners and contacts, and how it stacks up against its peers. Atlas members see all of it.
- Assets, accounts, clients and staff, 8 years of filings
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- Growth over one, three and five years
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- Rank against 1,905 peers of its type and size
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- 3 namedLocked
- Main office, fax and compliance officer
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- Filing changes this year, with alerts
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Free while Atlas launches: create a free account and confirm your email. Every figure comes from SEC filings.
Similar-size RIAs in New York
All of New York →| Firm | Regulatory AUM | Clients |
|---|---|---|
| Next Capital Management LLCNew York | $2.1B | 257 |
| Vanderbilt Advisory ServicesWoodbury | $2.1B | 6,199 |
| Tortoise Investment Management, LLCWhite Plains | $2.1B | 504 |
| Maridea Wealth ManagementBrooklyn | $2.0B | 2,100 |
| Rockbridge Investment Management, LLCSyracuse | $1.8B | 1,518 |
| Altfest Personal Wealth ManagementNew York | $1.8B | 686 |
Background
Questions
How much does Avestar Capital, LLC manage?
Avestar Capital, LLC reports $2.1B in regulatory assets under management across 190 accounts, 100% of it on a discretionary basis, on its Form ADV filed September 24, 2026.
How many clients does Avestar Capital, LLC have?
It reports 170 individual clients: 142 high-net-worth individuals and 28 other individuals. Individuals account for about 96% of its regulatory assets.
Where is Avestar Capital, LLC headquartered?
Its main office is in New York, New York. It reports 4 offices in total and 16 employees, 6 of whom perform investment advisory functions.
How does Avestar Capital, LLC charge clients?
On Form ADV it lists these forms of compensation: a percentage of assets under management; fixed fees. Fees and minimums are set out in its Form ADV Part 2A brochure, available on the SEC’s adviser search.
What custodian does Avestar Capital, LLC use?
It reports 2 custodians for its clients’ separately managed accounts: Charles Schwab and BNY Pershing. On Schedule D of its Form ADV filed September 24, 2026, it reports these amounts held: Charles Schwab ($915M); BNY Pershing ($620M). Form ADV lists only custodians holding 10% or more of separately managed account assets.
Is Avestar Capital, LLC a hybrid RIA with a broker-dealer?
Avestar Capital, LLC reports no employees registered with a broker-dealer and no affiliated broker-dealer.
Is Avestar Capital, LLC a fiduciary?
As an SEC-registered investment adviser, Avestar Capital, LLC owes its advisory clients a fiduciary duty under the Investment Advisers Act of 1940, which includes duties of care and loyalty. It reports no employees who are registered representatives of a broker-dealer.
Where these numbers come from
Every figure is Avestar Capital, LLC’s own answer on its latest Form ADV, from the SEC’s registered-adviser list as of October 1, 2026: regulatory assets and accounts (Item 5.F), clients by type (5.D), employees (5.A and 5.B), compensation (5.E) and services (5.G). Custodians come from Schedule D 5.K(3) of its latest filing (2026-09-24), which lists those holding 10% or more of separately managed account assets and the amount at each. “Hybrid” means some employees are also registered representatives of a broker-dealer (Item 5.B(2)); affiliated broker-dealers are the related persons it lists in Item 7.A and Schedule D. Firm type comes from its own answers: broker-dealer firms are registered broker-dealers themselves (Item 6.A); private fund advisers manage mostly private funds (Item 7.B, 5.D); wealth managers manage at least half their assets for individuals (5.D). Its national rank compares it with every US-based independent wealth management RIA, the same field as The Largest RIAs. Figures are as of the firm’s last annual update, so they can lag recent deals and market moves. Regulatory AUM counts assets the firm continuously supervises and can differ from what a firm markets.
Not an endorsement or a recommendation. Before hiring any adviser, read its Form ADV Part 2A brochure and check its record on the SEC’s adviser search. How to check a financial advisor →