Ohio Lawyer Can Present Monetary Planning Companies Through Legislation Agency – Bloomberg Legislation

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…

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