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<<Our financial advisor has suggested we invest in Payphones....The annual return of 14% is guaranteed for 5 years also.

We are going to request copies of their financial reports, any other suggestions will be greatly appreciated.>>

Here's my suggestion:
Run, do not walk, away from that financial advisor. Get your money and assets out of his hands tomorrow morning.

"Guaranteed"? By whom? Ask your F.A. if he is willing to give you a personal guarantee, backed up by some thing substantial like a trust deed on his house.
Wanna bet what his response to this will be?

What you have described sounds like an all-too-typical scam.

Good luck,
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