DFX Intelligence
RIA Intelligence
Registered investment advisers, the advisors registered through them, the capital they report, the private vehicles they run and the people who own them, as a graph with a filing date behind every number. RAUM is what the adviser filed, a move is two registration dates, and a class is a rule you can read.
SEC-registered adviser
Avestar Capital, LLC
Latest filing Jul 17, 2026
First filing on the tape Feb 13, 2017 · 54 filings
SEC status approved since Mar 9, 2017
RAUM
$2.1B
reported, Item 5.F
Discretionary
100%
of RAUM
Private clients
96%
$2.0B individuals and HNW
Advisors
13
registered through the firm on IAPD
RAUM per advisor
$159M
derived; firm RAUM over IAPD count
Employees
16
6 advisory (5.B.1)
Offices
3
beyond the principal office
Private funds
4
reported on Schedule D
History
54 filings and snapshots on the tape
RAUM$2.1B as of Jul 17, 2026
Mar 27, 2018$262M then
HNW client RAUM$2.0B as of Jul 17, 2026
Mar 27, 2018$261M then
State-registered IARs (5.B.3)6 as of Jul 17, 2026
Mar 27, 20185 then
Employees (5.A)16 as of Jul 17, 2026
Mar 27, 201811 then
Private funds4 as of Jul 17, 2026
Mar 30, 20203 then
RAUM +35% over the last fiscal year+29% a year over threeIARs 5 to 6offices 1 to 3
Practice profile
derived from the filing of Jul 17, 2026; every figure names its basis
Archetypes, each a printed rule
- RIA with private funds · a wealth manager (private-client share at least 50 percent) that reports at least one private fund on Schedule D 7.B.(1)
- UHNW private wealth · private-client share at least 50 percent, HNW at least 90 percent of private-client RAUM, and average HNW client assets at least $10M
- RAUM per advisor
- $159MderivedRAUM over IAPD advisors; not a book size
- Clients per advisor
- 13derivedindividual and HNW clients (5.D) over advisors
- Average HNW client
- $13.8MderivedHNW RAUM over HNW clients
- Average account
- $10.9MderivedRAUM over accounts (5.F.2.f)
- Discretionary
- 100%derivedof RAUM
- Institutional
- 1.0%derivedpensions, charities, corporations, government, insurance, banks, other advisers
- Employees per advisor
- 1.2derivedItem 5.A over advisors
- Advisors per office
- 3.3derived4 offices incl. principal (1.F.5)
- RAUM growth, one year
- +35%derivedbetween the last two annual amendments
- Advisor growth, one year
- +20%derivedItem 5.B.3 between annual amendments
- Client growth, one year
- -4.5%derived
- Compensation
- percentage of assets, fixed feesreportedItem 5.E
- Advisory activities
- financial planning, portfolio management for individuals, portfolio management for pooled vehicles, selection of other advisersreportedItem 5.G
- Custody
- $61.7M, 4 clientsreportedItem 9.A
- Ownership
- no PE, bank or public-company owner found on Schedule Aderived
- Advisor book size
- not public; not estimatedreported
Also answered yes on Form ADV
- buys or sells securities as principal to or from clients (8.A.2)
- has discretionary authority over which securities are bought or sold (8.C.1)
- receives research or other products from a broker-dealer, soft dollars (8.E)
- has custody of client cash or bank accounts (9.A.1.a)
- has custody of client securities (9.A.1.b)
- marketing includes hypothetical performance (5.L.3)
Where the RAUM sits
Form ADV Item 5.D, latest filing
- High-net-worth individuals$2.0B95%
- Pooled investment vehicles$61.7M3.0%
- Charitable organizations$20.5M1.0%
- Individuals$16.9M0.8%
- Corporations and businesses$6.8M0.3%
- Individual clients
- 28reported
- HNW clients
- 142reported
- Pension plan clients
- 0reported
- Charitable clients
- 5reported
- Accounts
- 190reported
- Financial planning clients
- 1-10reported
- Wrap fee programs
- noreported
- Custody of client assets
- $61.7M for 4 clientsreported
- Compensation
- % of AUM, fixedreported
- Class basis
- private_client_share=0.96 fund_share=0.03 institutional_share=0.01 related_bd=false related_bank=false bd_reps=0.0derived
Advisors registered through the firm
13 on IAPD today, longest tenure first
| Name | Branch | Here since | In industry | Prior firms |
|---|---|---|---|---|
| Christopher DunneCertified Financial Planner | New York, Ny | Feb 11, 2022 | 15 y | 3 |
| Sanjeet Kishore Dass | New York, Ny | Mar 15, 2022 | 12 y | 2 |
| Michael C Kettner | New York, Ny | May 25, 2022 | 18 y | 4 |
| Michael Eric Trapp | New York, Ny | Jul 27, 2023 | 10 y | 2 |
| Brian James FullertonChartered Financial Analyst | New York, Ny | Oct 23, 2024 | 23 y | 1 |
| Raymond Baldeo Balroop | New York, Ny | Jan 29, 2025 | 23 y | 1 |
| Connor M TendallCertified Financial Planner | New York, Ny | Jan 29, 2025 | 10 y | 0 |
| Xerxes Soli Mullan | New York, Ny | Apr 4, 2025 | 23 y | 2 |
| Jonathan Daniel ShabanChartered Financial Analyst | New York, Ny | Jun 25, 2025 | 10 y | 1 |
| Jason McmillenCertified Financial Planner | Ballston Spa, Ny | Jul 2, 2025 | 15 y | 2 |
| Angela Liu | New York, Ny | Mar 30, 2026 | 11 y | 0 |
| Samandar Kasimov | New York, Ny | Apr 19, 2026 | 10 y | 2 |
| Michael Emilio Silvestri | New York, Ny | Jul 13, 2026 | 12 y | 4 |
Advisor movement
0 left, 2 joined in 12 months
net +2 in 12 months0 left in 90 days1 joined in 90 daysdeparture rate 0.0% of current headcount1 left over 36 months
Left, latest
- Sunny B Patel to First Citizens Investor Services, Inc.Feb 26, 2024 · RIA to affiliated broker-dealer or bank
- Mark E Lebida to Journey Strategic Wealth LLCFeb 17, 2021 · RIA to RIA
- Jennifer Diane Wolf to Rockefeller Capital ManagementDec 14, 2020 · RIA to affiliated broker-dealer or bank
Joined, latest
- Michael Emilio Silvestri from Jefferies Investment Advisers LLCJul 13, 2026 · RIA to RIA
- Samandar Kasimov from Frisch Financial Group, Inc.Apr 19, 2026 · RIA to RIA
- Jason Mcmillen from Rockefeller Capital ManagementJul 2, 2025 · Affiliated broker-dealer or bank to independent RIA
- Jonathan Daniel Shaban from Overbrook Management CorporationJun 25, 2025 · RIA to RIA
- Raymond Baldeo Balroop from Hightower Advisors, LLCJan 29, 2025 · Affiliated broker-dealer or bank to independent RIA
- Brian James Fullerton from Merrill Lynch Investment Managers LPOct 23, 2024 · Other
- Michael Eric Trapp from Morgan StanleyJul 27, 2023 · Wirehouse to independent RIA
- Michael C Kettner from Kestra Advisory Services, LLCMay 25, 2022 · Affiliated broker-dealer or bank to independent RIA
- Christopher Dunne from J.P. Morgan Securities LLCFeb 11, 2022 · Wirehouse to independent RIA
- Mark E Lebida from Advice And Planning ServicesMay 11, 2017 · Other
- Xerxes Soli Mullan from Merrill Lynch, Pierce, Fenner & Smith IncorporatedMar 17, 2017 · Wirehouse to a newly registered adviser (no RAUM reported yet)
- Sanjeet Kishore Dass from Merrill Lynch, Pierce, Fenner & Smith IncorporatedMar 17, 2017 · Wirehouse to a newly registered adviser (no RAUM reported yet)
- Jennifer Diane Wolf from Merrill Lynch, Pierce, Fenner & Smith IncorporatedMar 17, 2017 · Wirehouse to a newly registered adviser (no RAUM reported yet)
Teams: two or more advisors moving together within fourteen days, from one state
- 2 joined from Merrill Lynch, Pierce, Fenner & Smith IncorporatedMar 20, 2017 · New York, Ny
Private funds
8 reported on Schedule D 7.B.(1)
| Fund | Type | Gross assets | Owners | First reported |
|---|---|---|---|---|
| Avestar Structured Note Spv, LPno longer reported | Other Private Fund | $45.3M | 10 | Sep 18, 2019 |
| 3alpha Private Funds LP | $20.1M | 26 | Jul 17, 2026 | |
| 3alpha Wpgg 14 Spv, LP | Other Private Fund | $18.4M | 30 | Mar 6, 2024 |
| 3 Alpha India Multi Manager Equity Fund Spv LP | $12.0M | 14 | Jul 17, 2026 | |
| Avestar Structured Note Spv, LP | Other Private Fund | $11.6M | 21 | Jan 19, 2023 |
| Avestar Global Growth Strategy Spno longer reported | Hedge Fund | $3.3M | 8 | Jan 19, 2023 |
| Avestar Global Growth Strategy Spno longer reported | Hedge Fund | $2.4M | 7 | Sep 18, 2019 |
| Avestar Global Value Strategy Spno longer reported | Hedge Fund | $2,345 | 1 | Sep 18, 2019 |
Owners and control persons
Schedule A and B, latest filing
- James Brian Fullerton · Chief Investment Officercontrolsince 05/2024 · owns less than 5%
- Konduri Shilpa Mullan · Presidentcontrolsince 09/2019 · owns 50% to 75%
- Konduri Shilpa Mullan · Presidentcontrolsince 11/2020 · owns 50% to 75% of Atash Holdings LLC
- Jean Stacey Gillespie · Chief Compliance Officersince 03/2020 · owns less than 5%
Entity owners
- Atash Holdings LLC · Ownerdirect · owns 75% or more
Related persons
Schedule D 7.A
- Avestar Advisory Llpinvestment advisery
- Avestar Global Opportunities Spcpooled vehicle sponsory
- Avestar Structured Note Spv Gp, LLCpooled vehicle sponsory
Advisers that list Avestar Capital, LLC as a related person
- 306410 y
Office movement
IAPD branch city; joins and departures in 12 months
| Office | Advisors | Joined | Left | Teams out | Forming |
|---|---|---|---|---|---|
| New York, Ny · principal | 12 | 3 | 0 | 1 |
Offices
Schedule D 1.F, the 25 largest
- Fort Mumbai, India
What changed
consecutive filings, newest first
- Accounts · 194 to 190Aug 28, 2025 to Mar 17, 2026
- Advisory employees · 5 to 6Aug 28, 2025 to Mar 17, 2026
- Charity clients · 2 to 5Aug 28, 2025 to Mar 17, 2026
- Corporate clients · 4 to 8Aug 28, 2025 to Mar 17, 2026
- HNW clients · 121 to 142Aug 28, 2025 to Mar 17, 2026
- Individual clients · 57 to 28Aug 28, 2025 to Mar 17, 2026
- Pension plan clients · 1 to 0Aug 28, 2025 to Mar 17, 2026
- Pooled vehicle clients · 3 to 4Aug 28, 2025 to Mar 17, 2026
- Assets in custody · $30.6M to $61.7MAug 28, 2025 to Mar 17, 2026
- State-registered IARs · 5 to 6Aug 28, 2025 to Mar 17, 2026
- Other offices · 1 to 3Aug 28, 2025 to Mar 17, 2026
- Discretionary RAUM · $1.5B to $2.1BAug 28, 2025 to Mar 17, 2026
- HNW RAUM · $1.3B to $2.0BAug 28, 2025 to Mar 17, 2026
- Individual RAUM · $133M to $16.9MAug 28, 2025 to Mar 17, 2026
- Non-discretionary RAUM · $809,077 to $7.0MAug 28, 2025 to Mar 17, 2026
- Pension RAUM · $270,893 to $0Aug 28, 2025 to Mar 17, 2026
- Pooled vehicle RAUM · $30.7M to $61.7MAug 28, 2025 to Mar 17, 2026
- RAUM · $1.5B to $2.1BAug 28, 2025 to Mar 17, 2026
- Financial planning clients · 1-10 to 1-10May 1, 2025 to Jul 28, 2025
- Private funds · 3 to 4Mar 4, 2025 to May 1, 2025
- Accounts · 182 to 194Jan 10, 2025 to Mar 4, 2025
- Corporate clients · 6 to 4Jan 10, 2025 to Mar 4, 2025
- HNW clients · 109 to 121Jan 10, 2025 to Mar 4, 2025
- Individual clients · 58 to 57Jan 10, 2025 to Mar 4, 2025
- Assets in custody · unset to 30635874.0Jan 10, 2025 to Mar 4, 2025
- Custody of client assets · false to trueJan 10, 2025 to Mar 4, 2025
- Employees · 12 to 16Jan 10, 2025 to Mar 4, 2025
- Financial planning clients · 0 to 1-10Jan 10, 2025 to Mar 4, 2025
- State-registered IARs · 7 to 5Jan 10, 2025 to Mar 4, 2025
- Discretionary RAUM · $1.1B to $1.5BJan 10, 2025 to Mar 4, 2025
- HNW RAUM · $971M to $1.3BJan 10, 2025 to Mar 4, 2025
- Individual RAUM · $99.1M to $133MJan 10, 2025 to Mar 4, 2025
- Non-discretionary RAUM · $892,350 to $809,077Jan 10, 2025 to Mar 4, 2025
- Pension RAUM · $238,070 to $270,893Jan 10, 2025 to Mar 4, 2025
- Pooled vehicle RAUM · $14.3M to $30.7MJan 10, 2025 to Mar 4, 2025
- RAUM · $1.1B to $1.5BJan 10, 2025 to Mar 4, 2025
- Accounts · 160 to 182May 1, 2023 to Mar 6, 2024
- Advisory employees · 4 to 5May 1, 2023 to Mar 6, 2024
- Corporate clients · unset to 6.0May 1, 2023 to Mar 6, 2024
- HNW clients · 101 to 109May 1, 2023 to Mar 6, 2024
Signals
14 dated events
- Avestar Capital, Llc reported RAUM $2.1B, up 35% from $1.5B (2025-08-28 to 2026-03-17)Mar 17, 2026 · RAUM change · derived
- Avestar Capital, Llc reported RAUM $1.5B, up 34% from $1.1B (2025-01-10 to 2025-03-04)Mar 4, 2025 · RAUM change · derived
- James Brian Fullerton (Chief Investment Officer) appeared on Schedule A of Avestar Capital, LlcJun 21, 2024 · Control person joined · fact
- Sunny B Patel left Avestar Capital, Llc for First Citizens Investor Services, Inc. (registered 2024-05-23)Feb 26, 2024 · Advisor changed firm · fact
- Avestar Capital, Llc reported RAUM $960.8M, up 32% from $725.9M (2022-09-07 to 2023-01-19)Jan 19, 2023 · RAUM change · derived
- Ramanarayan Potarazu (Managing Partner) no longer on Schedule A of Avestar Capital, Llc (listed 2022-08-03, absent 2022-09-07)Sep 7, 2022 · Control person left · inference
- Soli Xerxes Mullan (Managing Member) no longer on Schedule A of Avestar Capital, Llc (listed 2020-10-26, absent 2021-03-05)Mar 5, 2021 · Control person left · inference
- Edward Mark Lebida (Chief Investment Officer) no longer on Schedule A of Avestar Capital, Llc (listed 2020-10-26, absent 2021-03-05)Mar 5, 2021 · Control person left · inference
- Ramanarayan Potarazu (Managing Partner) appeared on Schedule A of Avestar Capital, LlcMar 5, 2021 · Control person joined · fact
- K Shilpa Kumari (Director Of Operations) appeared on Schedule A of Avestar Capital, LlcOct 9, 2020 · Control person joined · fact
- Avestar Capital, Llc reported RAUM $641.4M, up 110% from $304.9M (2019-12-13 to 2020-03-30)Mar 30, 2020 · RAUM change · derived
- Nicole Tonya Smoake (Chief Compliance Officer) no longer on Schedule A of Avestar Capital, Llc (listed 2019-12-13, absent 2020-03-30)Mar 30, 2020 · Control person left · inference
- Edward Mark Lebida (Chief Investment Officer) appeared on Schedule A of Avestar Capital, LlcMar 30, 2020 · Control person joined · fact
- Project Elephant filed its initial SEC registration (Form ADV)Feb 13, 2017 · First SEC registration · fact
Across DFX
shared identifiers only, never a name match
- Avestar Capital, LLC · Independent Sponsorsshared crd · capital_provider
- Avestar Capital, LLC · Private Equityshared crd · intermediary
How to reach
public business contact points only, each with its source
- Business email
- info@avestarcapital.comreportedpublished by the firm, firm site, Sep 17, 2026
- Business phone
- 212-706-4140reportedpublished by the firm, firm site, Sep 17, 2026
- Website
- AVESTARCAPITAL.COMreportedpublic record, Form ADV, Sep 17, 2026
- Principal office phone
- 212-706-4140reportedpublic record, Form ADV, Jul 17, 2026
- Contact form
- avestarcapital.com/contact-usreportedpublished by the firm, firm site, Sep 17, 2026
Provenance
- Form ADV
- SEC filing data 2011 to 2024 and the monthly roster 2025 onreportedadviserinfo.sec.gov
- Advisors
- IAPD individual compilation feed, dailyreportedadviserinfo.sec.gov
- Class
- Independent wealth managerderiveda rule over Items 5.D and 7.A
- RAUM per advisor
- $159Mderivedfirm RAUM over the IAPD count; not a book size
- Loaded
- Sep 14, 2026