Ep 353: Driving Growth By Setting A Clear Vision Of What You Do Best In Your Business(es) With Brett Danko

Financial Advisor Success

Michael Kitces

News, Business, Entrepreneurship, Business News

4.8 • 696 Ratings

🗓️ 3 October 2023

⏱️ 106 minutes

🔗️ Recording | iTunes | RSS

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Summary

Brett Danko is the Founder of Brett Danko Educational Center, a CFP Board Education and Exam Prep Provider, and the CEO and Managing Partner for Main Street Financial Solutions, an independent RIA based out of Pennsylvania that oversees nearly $2 billion in assets under management for 1,700 households. Brett stands out for combining his love for teaching with financial expertise, creating one of the nation's leading CFP exam prep programs and growing his own RIA to $2 billion in AUM.

Listen in as he shares his unique approach to CFP exam preparation, as well as insights into his hourly financial planning model and the innovative structure of his firm—which empowers advisors to own their client relationships and design their own fee schedules. You'll also hear about his personal journey from job loss and depression to renewed purpose, highlighting the importance of delegation, mentorship, and self-awareness in building a fulfilling career.

For show notes and more visit: https://www.kitces.com/353

Transcript

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0:00.0	Welcome to the Financial Advisor Success Podcast, where you go behind the scenes with
0:06.8	financial planner, speaker, and consultant Michael Kitsas to hear stories of how leading financial
0:12.7	advisors navigated the inevitable challenges that arise on the path to success and get insight
0:18.3	from leading industry consultants about how to break through to the next
0:21.9	level in your advisory business. And now here's your host, Michael Kitsis. Welcome, everyone.
0:28.8	Welcome to the 353rd episode of the Financial Advisor's Success podcast. My guest on today's podcast is
0:34.5	Brett Danko. Brett is the founder of Brett Danko Education Center, a CFP Board Education and exam
0:39.5	pet provider, and the CEO and managing partner for Main Street Financial Solutions,
0:43.5	an independent RIA based in Newtown, Pennsylvania that oversees almost $2 billion in
0:47.5	asset center management for nearly 1,700 client households.
0:51.2	What to sneak about Brett, though, is how he has leveraged his passion for teaching
0:54.6	to build one of the most popular CFP exam prep programs in the country, while also growing
0:59.4	his RIA to $2 billion in AUM, by focusing on just his unique financial planning strengths
1:05.0	and learning to delegate the rest by hiring a president and a chief operating officer and a chief
1:09.7	financial officer who collectively
1:11.6	focus on the day-to-day management of the firm itself.
1:14.7	In this episode, we talk in depth about how Brett teaches industry professionals seeking certified
1:19.6	financial planner certification by providing his comprehensive fast-track courses that span just
1:24.7	seven months to get through the program and end with a live virtual
1:27.8	or in-person exam prep review. How Brett iterate on and involved his exam prep programs with the
1:33.2	recognition that, he puts it, there is no CFP cum laude, and consequently keeps the focus very
1:38.7	directly on what it takes to pass and get through the exam, because you have a lifetime as a
	...

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