An ex-Merrill Lynch adviser opened a new RIA under Dynasty Financial Partners in the fifth new firm launched through Dynasty’s outsourcing platform this year.

Xerxes Mullan, a former Merrill private banking investment group broker, launched Avestar Capital in New York on Friday alongside five other ex-Merrill staffers. Dynasty now has 42 RIAs on its network, compared to 20 firms on that of rival HighTower.

Register or login for access to this item and much more

All Financial Planning content is archived after seven days.

Community members receive:
  • All recent and archived articles
  • Conference offers and updates
  • A full menu of enewsletter options
  • Web seminars, white papers, ebooks

Don't have an account? Register for Free Unlimited Access