Hoss Esmaeili: $439K Complaint Against Clever Financial Advisor

Raleigh, North Carolina financial advisor Hoss Esmaeili (CRD# 5581440) recently received an investor complaint alleging that he made unauthorized trades. Financial Industry Regulatory Authority records show that he is registered as a broker with Avantax Investment Services and an advisor with Avantax Advisory Services, doing business as Clever Financial Services.

Mr. Esmaeili’s BrokerCheck report discloses one investor complaint. Filed in June 2025, it alleges that as a representative of Cambridge Investment Research, he made an unauthorized sale and funds transfer. The pending complaint alleges damages of $439,114.

An August 6, 2025 article published by AdvisorHub reports that Mr. Esmaeili is currently “seeking to overturn an arbitration award” against him issued last month, for more than $397,500. In the arbitration, he was ordered to repay Wells Fargo, which he departed in December 2019, funds connected to two promissory notes. He reportedly argued that he “should not have to repay the notes because he had no option but to leave Wells due to his concerns about how the firm had handled an elderly client’s account.”

An archived version of Mr. Esmaeili’s website describes his background and experience as a financial advisor. As it explains, he was a business owner before he entered the financial services industry, and he changed careers in order to “continue on my entrepreneurial path by learning how to manage my own money and achieve the financial prosperity I knew I was capable of.”

According to the Financial Industry Regulatory Authority, Hoss Esmaeili holds 16 years of securities industry experience. Based in Raleigh, North Carolina, he has been registered as a broker with Avantax Investment Services and an advisor with Avantax Advisory Services since 2023, doing business as Clever Financial Services. His past registrations include Cambridge Investment Research, Lincoln Financial Securities, Wells Fargo Clearing Services, PNC Investments, and Edward Jones. His credentials include the passage of three securities industry qualifying exams: the Uniform Combined State Law Examination, or Series 66; the Securities Industry Essentials Examination, or SIE; and the General Securities Representative Examination, or Series 7. (Information current as of August 7, 2025.)

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