Daniel C. Danese, CFP®, CLU®, RICP®
Daniel C. Danese, CFP®, CLU® is a planner who specializes in estate, succession and retirement planning as well as wealth management with a focus on retirement income distribution.
Dan started in the financial service industry in 1984 and has worked in a variety of planning and executive roles before founding Legacy Solutions in 2002. He is a perennial Top of the Table qualifier, a member of the Pinnacle Study Group, the chairman of his broker dealers advisory council and recognized as a “Five Star Wealth Manager” by Philadelphia Magazine. Dan is an avid Rotarian who puts his clients before himself. Dan has also developed and was the director for the CFP® program offered at the University of Delaware. He also participated as an instructor and was adjunct professor at Neumann College as well.
Last, but certainly not least, he is the father of four outstanding children and has been married to his wonderful wife for more than 30 years.
2015 Five Star Wealth Manager award - Philadelphia - Disclosure
The Five Star Wealth Manager award, administered by Crescendo Business Services, LLC (dba Five Star Professional), is based on 10 objective criteria:
1. Credentialed as a registered investment adviser or a registered investment adviser representative;
2. Active as a credentialed professional in the financial services industry for a minimum of 5 years;
3. Favorable regulatory and complaint history review*;
4. Fulfilled their firm review based on internal standards;
5. Accepting new clients;
6. One-year client retention rate;
7. Five-year client retention rate;
8. Non-institutional discretionary and/or non-discretionary client assets administered;
9. Number of client households served;
10. Education and professional designations.
Wealth managers do not pay a fee to be considered or awarded.
Once awarded, wealth managers may purchase additional profile ad space or promotional products. The award methodology does not evaluate the quality of services provided and is not indicative of the winner’s future performance. For more information on the Five Star award and the research/selection methodology, go to fivestarprofessional.com. 4,696 Philadelphia wealth managers were considered for the award; 805 (18 percent of candidates) were named Five Star Wealth Managers.
* As defined by Five Star Professional, the wealth manager has not:
A. Been subject to a regulatory action that resulted in a license being suspended or revoked, or payment of a fine;
B. Had more than a total of three customer complaints filed against them [settled or pending] with any regulatory authority or Five Star Professional’s consumer complaint process. Unfavorable feedback may have been discovered through a check of complaints registered with a regulatory authority or complaints registered through Five Star Professional’s consumer complaint process;
C. Individually contributed to a financial settlement of a customer complaint filed with a regulatory authority;
D. Filed for personal bankruptcy;
E. Been convicted of a felony.
Wealth managers may or may not use discretion in their practice and therefore may not manage their client’s assets. The inclusion of a wealth manager on the Five Star Wealth Manager list should not be construed as an endorsement of the wealth manager by Five Star Professional or this publication. Working with a Five Star Wealth Manager or any wealth manager is no guarantee as to future investment success, nor is there any guarantee that the selected wealth managers will be awarded this accomplishment by Five Star Professional in the future.
Top of the Table is exclusive to Million Dollar Round Table's top membership level. It is unique in that it is designed to help high performers improve their professional and personal lives simultaneously.
Pinnacle Study Group - The objective of the Pinnacle Group is to achieve an even higher level of personal growth and professional development. We currently have eighteen members, all of whom are "Top of the Table" or "Court of the Table" producers, and each with several years of experience. A prospective member is carefully screened before he or she is invited to join the study group and he or she maintains membership on a provisional basis for the first year. The group is limited to a maximum of 18 members.