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Brett Danko

Brett’s not just a teacher, he is an active financial planner, just like you.

Delivering complex information to professionals and clients in an easily understandable way.

Presentations that are Timely, Exciting, Informative and Actionable

Brett’s not just a teacher, he is an active financial planner, just like you. He runs a successful Registered Investment Advisor, Main Street Financial Solutions, LLC, where he manages and advises his own clients. His advice and feedback is rooted in real world, real time experience. Brett doesn’t just teach, he puts his words into action. He is also an independent financial planner, so he can provide timely, unbiased options and opinions.

Brett is a dynamic speaker with the ability to deliver complex information to professionals and clients in an easily understandable way.  He teaches all the required CFP® Certification Education Courses (Financial Planning, Insurance, Investments, Income Tax, Retirement and Estate) and CFP® Board Certification Examination Prep Courses throughout the United States.  He also provides classroom continuing education to industry professionals.

Brett is a regular speaker at key client events where he presents on emerging and hot topics in the financial planning arena. His knowledge base and dynamic presentation style ensure that participants will find Brett’s offerings to be both educational and enjoyable.

A Sampling of Programs that Can be Customized to Meet Your Needs

  • Annuities: Good vs. Evil. The Good and the Bad, an Honest Look
  • Estate Planning
  • Creating Tax Efficient Investment Strategies
  • Department of Labor Fiduciary Proposal
  • Raising Financially Aware Children & Grandchildren
  • Making Your Money Work Better: Budgeting, Saving and Investing
  • Women & Money / Men & Money
  • Retirement Boot Camp
  • Beliefs about Money
  • Maintaining Family Assets across Generations
  • Financial Advisor Best Practices
  • The “New” Retirement
  • Navigating College Financing
  • Social Security
  • Health Care Legislation and Medicare
  • Behavioral Finance
  • CFP Ethics Course

“I wanted to take the time to write a review for Brett Danko and his CFP live review course. Because of his course, I passed the CFP exam on my first try and I cannot thank Brett enough for helping me pass and for the countless others that he has helped pass this behemoth of an exam. I did everything asked of me. I completed the pre-study, the live review, the practice tests/cases and reviewed the roadmaps and flash cards. I followed his program to a “T” and ended up passing the CFP exam on my first attempt (thank God because I would’ve jumped out the window if I had to take it over again)!
Brett is a brilliant man but I know a lot of brilliant people. What sets him aside is his humility, ethics, self-deprecating wit, humor and passion for helping others. I have told everyone I know how incredible his Live Review course was, and the fact that I would pay to do it again, if only for the free stand-up comedy show (seriously, Brett could have a second career on the NYC comedy club circuit). In all truth, it takes an incredible person to make such exceedingly dry material interesting and, dare I say fascinating, and Brett does it effortlessly. I highly recommend his CFP Live review course for anyone considering taking the CFP exam.”
Anthony B

“One and Done! I 1000% highly recommend Brett Danko and his accelerated courses and Live Review.

Brett made learning the course work fun, interactive, and easy to understand. I started my CFP coursework with the College of financial planning and dreaded the process until I found out about Brett Danko.

Brett will get you focused and mentally ready to pass the CFP exam! Brett is an all around good guy who happens to be a funny, kind, intelligent smart ass.

I flew from the Bay Area CA to New Jersey every month for half the year just to attend Brett’s Class because he is simply the BEST CFP(r) professor.  I took the Nov 2013 exam for the first time and PASSED! Thank you Brett!!!! I could not have done it without you!!”
Samantha D.

A Partial List of Brett’s Clients

 

  • Lincoln
  • Nationwide
  • Columbia Funds
  • Jackson
  • Fidelity
  • Merrill Lynch
  • UBS
  • Morgan Stanley
Travels From:  New Jersey
City:
$5,001 to $10,000

Biography

Brett Danko has worked in the financial services industry for over 20 years and is a featured nationwide lecturer on matters of personal finance.

He is regularly called upon by the financial services industry to provide financial planning training to top tier financial advisors and to consult on complex planning issues affecting their clients.

Brett offers financial advisors ongoing learning opportunities through a subscription service, FP Resource Center, LLC. This service provides twice monthly calls to financial professionals across the country and covers a different financial topic each month as well as strategies on how to integrate this knowledge into their practice.

Brett is President of Main Street Financial Solutions, LLC, an RIA firm that specializes in fee-based financial planning and asset management.

Brett grew up in Pittsburgh, PA and is a graduate of the University of Pennsylvania. He lives in Lawrenceville, NJ with his wife and two children.

Presentations

Retirement has evolved over the past 100 years.  As baby boomers reach the age of 65, these changes have accelerated further.   Now more than ever, it is imperative that individuals reaching age 60-65 have an actionable plan for their next 25-35 years of life.

This 1-2 hour client event or financial advisor training explores these changes and details anticipated future retirement trends.  Topics covered include:

  • “Working” in retirement
  • Starting a second career or working part-time
  • Pursuing personal interests / volunteer work
  • Planning for a longer life expectancy and the associated health care/living costs
  • Possible need for financial support of adult children and/or the retirees parents (negative inheritance)
  • Changes in Social Security and Medicare
  • Deciding on the legacy you wish to leave
  • Maintaining proper estate documents

The health care reform law of 2010 has created a great deal of controversy and discussion.  While the new law deals effectively with certain issues within the health care industry, many other problems remain.  Despite these reforms, it is anticipated that only 50% of retirees’ health care costs will be covered.  As the baby boomer generation gets older, Medicare will not be able to meet the obligations it has promised its participants.

This 1-2hour financial advisor seminar or client event explores the various aspects of the new health care legislation as well as the challenges facing Medicare.  Topics to be covered include:

  • Overview of Health Care Reform Legislation including coverage and taxation
  • Non-political view of the pros and cons of Reform Legislation
  • Unintended consequences of the 2010 Health Care Legislation
  • Challenges facing the Medicare program and possible solutions
  • The financial impact of Medicare on younger generations
  • Lowering health care expenses through prevention and other types of insurance
  • Exploring Long Term Care (LTC) options to protect wealth

Given our current fiscal difficulties of the US government and its states and municipalities, we can expect more and more taxation to come our way in more complicated forms such as small excise, income and investment taxes and “surcharges” that add up over time.  In some states, investment income is already taxed at over 50% when all federal, state and local taxes are combined.  This means a 4% return on a taxable bond would leave you with LESS than 2% after taxes.

There is an old adage that rings truer and truer in today’s world:  “It doesn’t matter how much money you MAKE, it matters what you actually KEEP.”

This 1-2hour financial advisor seminar or client event explores the various aspects of the creating tax efficient portfolios.  Topics to be covered include:

  • Asset location – placing assets in the proper investment account (taxable vs. tax deferred)
  • Maximizing 401K deferrals (traditional/Roth) and possibly after tax contributions to the employer plan that will grow tax-deferred
  • Length of time in certain investments to capture long- term capital gains rates (over one year)
  • Investing is more tax efficient mutual funds and/or ETFs
  • Investing in Roth IRAs or Roth conversions that accrue tax deferred and are distributed tax FREE
  • Utilizing the 0% capital gains rate for qualified dividends and long-term capital gains for clients with income below approximately $95,000.
  • For high tax bracket clients, investing in muni bonds for tax free income
  • Utilization of annuities or life insurance as a way to generate tax-deferred investment returns
  • Utilization of hybrid/linked benefit for Long Term Care needs that produces a tax FREE benefit in the future

 

Social Security has been a bedrock of our social safety net for 75 years.  Social Security benefits and coverage have greatly expanded since the law was enacted in 1935.  However, a shrinking pool of workers will be paying for these expanded benefits for the baby boomers.

This 1-2 hour financial advisor seminar or client event focuses on the demographic changes over the past 75 years and their impact on the Social Security System.  Topics covered will include:

  • How are benefits calculated?
  • Why is the system running out of money?
  • Potential solutions and their impact on various age groups
  • Social Security as a piece of the Retirement Plan
  • Strategies for receiving benefits including the recent changes to certain strategies
  • The financial impact of Social Security spending on younger generations
  • The young workers perspective on, and possible alternatives to, Social Security

Behavioral Finance is an important topic which underlies all of investing and financial planning.

Studies show that the vast majority of clients frequently make financial decisions that are not based on rational analysis or factual information.  Instead, they allow various biases to influence their decision making process.  Over time, these behavioral biases can greatly influence a person’s portfolio and their ability to meet their stated short-term and long-term financial goals.

This 1-2 hour seminar focuses on how to identify and address the common behavioral biases that can affect a person’s financial decision making.  Explored topics include:

  • Reasons why behavioral biases occur
  • Discussion of major types of biases such as anchoring, paralysis by analysis, mental accounting, over confidence, herd mentality and more
  • Examples of how individuals use these various types of biases in their decision making
  • Strategies for addressing and overcoming these behavioral biases

An open question and answer session will follow the formal presentation.

 

Many young adults have serious issues dealing with money responsibly.

Studies show that the vast majority of parents do not teach their children the basics of personal finance because they don’t know how to do it or where to start. Those same studies also show that high schools and colleges do not teach financial awareness.

This 1-2 hour seminar focuses on how communication and education can help children and young adults have a responsible and healthy attitude about money, spending, saving and planning for the future. Explored topics include:

  • Understanding one’s personal relationship with money
  • Why we save and don’t save
  • The importance of cash flow management
  • The magic of compounding interest
  • Young adult-friendly, real-life teaching opportunities for parents
  • Ways financial advisors can shepherd their clients’ children’s financial growth

Yes, women and men definitely view money differently.

Studies show there is a behavioral side to money and investing and it is not equal across the sexes. For example, males and females spend the same amount of money, but how they go about their spending and what they choose to spend money on is very different.

On average, women retire with roughly 50% of the assets that men do at age 65 and receive less than 70% in Social Security benefits of their male counterparts. This disparity is further compounded due to the fact that women tend to live 3-5 years longer. These are just a few examples of facts that impact both sides financially and behaviorally.

This 1-2 hour seminar focuses on helping both men and women in understanding each gender’s perspective and how healthy and educated views can avoid common arguments and difficult financial times in retirement. Explored topics include:

  • Different ways men and women spend money
  • Dissimilar perspectives on how men and women view money
  • Divergent investment philosophies for men and women
  • Differences in risk tolerance with each gender
  • Financial retirement issues with each gender

Please note this seminar can be done as a “women only” or “men only” presentation or a combination of both, depending upon the targeted audience.

 

Comprehensive asset management is NOT only gathering/managing assets among certain classes of investors, such as retirees, but also focusing on how to keep those assets under management in the event of the client’s death or incapacitation.

This 1-2 hour seminar focuses on working with clients and their adult children to address investments management and estate planning.

  • Understanding the complexity of different types of parent/child relationships and family dynamics
  • Helping the parent understand how the child’s involvement can benefit them while living and especially after the parent’s incapacitation or death
  • Ways to involve geographically dispersed families
  • Setting up a contingency plan so that the parents’ wishes will be carried out
  • Strategies for involving family members in asset management discussions
  • Discussing what/if any legacy the client wishes to leave and implementing that vision

Many of us receive no formal education concerning money and therefore, never deal with the consequences of how it fits into our belief system. The two things parents rarely talk about are sex and money. At least with sex they were successful in having a child so they understand how that works. However, the majority of people are much less successful in navigating the field of personal finance and recognizing the power of their money beliefs.

This 1-2 hour seminar focuses on helping people of all backgrounds to understand their money beliefs and the influence of these beliefs on their daily lives. Explored topics include:

  • What is a belief? How do beliefs apply to wealth and success?
  • The learned conflict between money and spirituality as viewed by yourself and others
  • How to be successful and aligned with your values
  • Communicating to the next generation that success is not a negative, but rather a positive value
  • Money as a tool to live your values more fully

Please note this seminar is non-denominational and focuses on prevalent money beliefs and their significant impact.

 

This one day seminar provides strategies to help financial advisors increase assets under management as well as increase referrals by providing better service to their clients.  Topics covered include:

  • Focusing on the big picture – implementing the correct planning techniques even if you do NOT receive compensation for them
  • Understanding clients want financial advisors to do more than just manage assets
  • Roth 2010 conversion
  • NUA (Net Unrealized Appreciation)
  • Importance of Cash Flow Analysis
  • Gifting
  • Estate Planning
  • Getting the client’s children involved
  • Beneficiary designations (IRAs, life insurance, qualified plans, etc.)
  • Stretch IRA/Stretch 401K
  • The importance of insurance
  • Yearly monitoring of the client’s progress

This session is a free flow discussion between the facilitator and the participants.  The seminar is aimed at more experienced financial advisors that have a solid understanding of the business and are looking for ways to improve their relationships with clients and gain more referrals

This 1-2 day seminar allows participants (usually financial advisors) to understand the retirement planning challenges facing both older and younger clients. The seminar explores retirement planning vehicles and their various phase-outs, benefits and limitations. Strategies for discussing these vehicles with clients are also discussed. Various aspects of insurance are explored including health, life, disability and long term care insurance. Effective ways of dealing with income taxes in retirement as well as estate planning techniques are also discussed. Topics covered include:

  • Understanding the importance of budgeting/cash flow
  • The power of compounding interest
  • Various types of investments vehicles such as qualified plans, other retirement plans and IRAs
  • Linking health, life, disability and long term care insurance throughout retirement to protect the client
  • General overview of income tax issues that threaten retirees
  • Understanding and implementing estate planning strategies to maximize wealth preservation

Open question and answer periods are encouraged during the 2 day seminar as real-life scenarios are explored.

Areas of expertise

  • Retirement Planning
  • Certified Financial Planning
  • CFP Ethics
  • Women and Money
  • Social Security
  • Healthcare
  • Transfer of Wealth
  • Annuities
  • Behavioral Finance
© 2019 Ro Morrison & Assoc.