Haselkorn & Thibaut has opened an independent investigation into Cyrus Askari Baravati, a Scottsdale, Arizona investment advisor formerly registered as a broker with Charles Schwab & Co., Inc. With increasing investor inquiries and recent disclosure activity, it is critical for anyone who has worked with Cyrus Baravati or Charles Schwab to stay fully informed about his background, the nature of recent complaints, and their rights to pursue recovery. If you have concerns about your investments, Haselkorn & Thibaut offers a free, confidential consultation at 1-888-885-7162.
Cyrus Askari Baravati: Background and Current Registration
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Cyrus Askari Baravati (CRD# 6117211) has established a reputation within the financial industry spanning over a decade, primarily with Charles Schwab entities in Arizona. As of December 2025, he operates as a registered investment advisor with CONCURRENT INVESTMENT ADVISORS, LLC in Scottsdale, AZ. Previously, Baravati was registered as a broker with Charles Schwab & Co., Inc. (CRD# 5393), serving in both Phoenix and Scottsdale locations.
Key points about his professional history include:
- 10-12 years experience in the sector, mainly focused on client investment management and advisory functions.
- Current status: Investment advisor with Concurrent Investment Advisors, LLC (since 2025).
- Previous broker registration: Charles Schwab & Co., Inc. (2012-2019; 2021-2025).
Table: Cyrus Askari Baravati – Relevant Disclosures & Timeline
| Date | Type | Description | Status/Resolution | Financial Impact |
|---|---|---|---|---|
| Oct 25, 2024 | Regulatory Action | Client alleged misleading advice during a transfer of assets (TOA); concerns over missed gains and tax consequences. | Final; settled. Broker’s statements indicate firm found no wrongdoing on his part. |
Settlement reached. No specific sanctions. |
| Nov 10, 2024 | Customer Dispute | Client alleged he was misled about an in-kind account transfer and told there would be no tax consequences. | Settled. Firm concluded no sales practice violations by advisor. |
$25,286.38 requested; $8,000 paid in settlement. |
Details of Disclosures and Complaints
Two significant disclosures exist on Mr. Baravati’s record as of late 2024—both relating to client allegations about a transfer of assets. These complaints are summarized below:
-
Customer Dispute (Settled, Nov 2024):
The client accused Mr. Baravati of providing misleading information regarding a transfer of accounts from another firm, specifically that the transfer would occur “in-kind” (meaning no assets would be liquidated) and that there would be no tax consequences. The client requested over $25,000 in damages, but the matter was ultimately settled by the firm for $8,000, roughly a third of the claimed amount. According to internal findings, there was no evidence of sales practice violations or wrongdoing by Mr. Baravati. -
Regulatory Action (Final, Oct 2024):
Stemming from the same circumstance, this disclosure involved the SEC. The client alleged that certain proprietary investments were sold during a transfer of assets, causing both lost gains and unexpected taxes. Mr. Baravati states that the client’s prior advisor was actually responsible for these transactions. The brokerage firm’s investigation cleared Mr. Baravati, and no sanctions were imposed. Nevertheless, a settlement was reached with the client, and the disclosure remains on record.
Both matters appear to arise from a single client interaction. They do not involve findings of fraud, theft, or any conduct that led to regulatory sanctions. However, the fact that both a settlement and a regulatory disclosure exist can be important for investors considering their rights or evaluating continued work with this advisor.
Professional Track Record and Transitions
Cyrus Baravati’s overall career as a financial advisor and broker demonstrates consistent employment and progression with reputable firms, mainly within Arizona:
- Charles Schwab & Co., Inc.: Broker and investment advisor, multiple tenures from 2012 to 2025.
- TFO PHOENIX, INC.: Investment advisor, 2019-2021.
- Concurrent Investment Advisors, LLC: Investment advisor, 2025-present.
It is noteworthy that the transition to Concurrent Investment Advisors closely followed the resolution of the above-cited disclosures. This may align with typical career progression, but investors should be aware of timing and context.
What Does This Mean for Investors?
While the existence of two disclosures over a decade-long career does not by itself suggest a pattern of misconduct, both occurred recently and are derived from a similar event. Such clustered disclosures warrant careful review, especially for investors who value transparency and up-to-date compliance.
- Were you a client impacted by these asset transfers?
- Did you receive full and clear communication about tax consequences during account changes?
- Do you have questions about advice or services received by Mr. Baravati at Charles Schwab in Scottsdale or Phoenix?
If you answer “yes” to any of these, or are otherwise concerned about your investment experience, you may have grounds to seek recovery through appropriate channels.
How Haselkorn & Thibaut Can Help
With a 98% success rate, over 50 years of combined securities law experience, and millions recovered for clients, Haselkorn & Thibaut is uniquely qualified to support investors in Arizona and nationwide. Our national investment fraud law practice is dedicated to representing individuals who have lost money through improper financial advice, unsuitable investments, or lack of disclosure.
- No recovery, no fee.
- Comprehensive, free review of your investment losses and account statements.
- In-depth investigation by seasoned attorneys—not paralegals or assistants.
Your next step: Contact Haselkorn & Thibaut today at 1-888-885-7162 for a no-obligation, confidential consultation regarding investments managed by Cyrus Baravati or Charles Schwab & Co., Inc. in Scottsdale or Phoenix, AZ.
Ready to take control? See Cyrus Baravati’s regulatory history, registration status, and current licensing on FINRA BrokerCheck. If you discover past or current issues, don’t hesitate—help is available.
Your investments matter. Our legal team is here to support you every step of the way.
