Banks and wealth management firms compete for Ohio landowners' shale money

With landowners in eastern Ohio becoming instant millionaires by leasing their land in the Utica shale region to oil and gas companies, banks and wealth management firms are descending on rural communities to help these individuals invest their money and optimize their tax strategies in an effort to maximize their financial returns and plan their estates, Crain's Cleveland Business reports. Although associated fees are certainly a driving force behind this push, bankers and financial strategists alike are eager to help eliminate the common risks people encounter when handling a large amount of money for the first time, the article said.