An Ohio lawyer with a business and estate planning practice can provide clients with financial planning services but only under certain conditions, the Ohio Board of Professional Conduct said.
Financial planning is a law-related service allowed under professional ethics rules, the Aug. 7 opinion by the board advised.
A lawyer, who was also a licensed insurance agent, asked whether the services were allowed; whether the fee charged could be based on a percentage of the assets managed for the client; and whether it was permissible to sell annuities for a fixed commission to law firm clients.
The Ohio opinion relies ...
Learn more about Bloomberg Law or Log In to keep reading:
See Breaking News in Context
Bloomberg Law provides trusted coverage of current events enhanced with legal analysis.
Already a subscriber?
Log in to keep reading or access research tools and resources.