Date: February 19th, 2018 11:33 PM
Author: coral legend
Thanks!
The bottom line is that an attorney probably can sell financial and insurance products and
services, and probably can participate in certain "practice groups" arrangements -- but this
landscape is chock-full of ethical mines known and unknown that threaten to blow up the
Attorney's career.
With a few exceptions, the Attorney's most useful tool in avoiding these mines will be the
trifecta of (1) written disclosure of potential conflicts, (2) advice to seek independent counsel,
and (3) written waiver by the Client. Easily said; but some Attorneys may find it unpalatable to
disclose their side-commissions to their clientele
Interesting, seems like you could have a flat-fee arrangement for financial advice, along with the above disclosures, and be above board for the most part.
(http://www.autoadmit.com/thread.php?thread_id=3898085&forum_id=2#35442108)