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Pay phones, dog parks and bags of silver: Clients ask advisors to invest in some wacky stuff
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cnbc.comFinancial advisors are often lauded for their investment acumen. Frequently, their biggest value is in saving clients from their worst impulses.
Indeed, top advisors on CNBC's annual Financial Advisor 100 list have received ample requests for strange, risky or outright dumb investments during their careers — and, if left to their own devices, clients may have otherwise lost hundreds of thousands or millions of dollars.
«People still hope for the home run — that this scheme or this idea will set the world on fire,» said David Rea, president of Salem Investment Counselors in Winston-Salem, North Carolina, which ranked No. 2 on this year's FA 100. «And they can be sold.»
About 20 years ago, a longtime client approached Rea with a supposedly
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