James Liotta

Personal Finance, Retirement, Investing
“James Liotta, President of Prominence Capital, employs a simple strategy of finding the right solution for his clients, no matter their wealth management needs.”

Prominence Capital GP, LLC

Job Title:

President, Founder


James Liotta, CFP®, CPWA®, AIF®, NSSA®, MBA  is President and Founder of Prominence Capital GP, LLC. 

James M. Liotta helps his clients with a broad array of investment management, financial planning and wealth management issues. He has amassed a rare combination of professional credentials and educational achievements. 

Raised in New York by hardworking parents, James graduated college in Boston and then moved to Los Angeles where he began his career in 2002 with UBS PaineWebber as a Financial Advisor. 

In 2005 he was recruited by Merrill Lynch and later again recruited by Wells Fargo Investments where he specialized in risk management, provided detailed financial plans, and managed the portfolios of High Net Worth Individuals and Corporations. 

Committed to helping his clients achieve their financial goals, he was driven to found his own advisory firm, Prominence Capital, where he could provide unbiased advice, free of conflicts that come with corporate initiative and commission-driven models inherent at large firms. 

He brings a passion to his work with clients that are in transitions in life, small business owners, entrepreneurs, executives, and pre- and post-retirees. 

James earned an MBA in Finance from the University of Southern California Marshall School of Business and has a Bachelor of Science from Northeastern University. 

At the Marshall School of Business, he also attained the Graduate Certificate in Financial Analysis and Valuation. 

James Liotta is a CERTIFIED FINANCIAL PLANNER™ professional and a Certified Private Wealth Advisor® designee. He has insatiable curiosity and continuously furthers his financial education. 

He has also achieved the Accredited Investment Fiduciary designation and National Social Security Advisor Certification. 

He's a member of the Board of Governors of Cedars-Sinai Hospital as Co-Chair of the membership committee and lives in Los Angeles with his wife Alicia and children Gemma, Hannah, and James Jr. 


BS, Sports Medicine, Northeastern University
MBA, Finance, University of Southern California
Graduate Certificate in Financial Analysis and Valuation, University of Southern California
CFP Certification Professional Education Program, College for Financial Planning

Fee Structure:

Percentage of Assets Under Management

CRD Number:



Prominence Capital GP, LLC. ("Firm") is a registered investment adviser located in Beverly Hills, California. Firm may only transact business in those states in which it is registered, or qualifies for an exemption or exclusion from registration requirements.


All Articles
2 weeks ago
    Investing, Taxes
February 2018
    Choosing an Advisor, Investing, Stocks, Taxes
June 2017

All Answers
    401(k), IRAs, Taxes
If rollover the amount in my Roth 401(k) account into my existing IRA account, and then take an early withdrawal, will the IRA distribution rules apply?

This is a complex issue and there are a few rules that apply that may help you make your decision. You typically want to make sure your distribution is qualified. These distributions are tax and penalty free. First one of the following conditions must be met:

  • The Roth IRA owner is age 59½ when the distribution occurs.
  • The distributed assets are used toward the purchase, or to build or rebuild a first home for the Roth IRA owner or a qualified family member. Qualified family members include the IRA owner's spouse, a child of the IRA owner and/or of the IRA owner's spouse, a grandchild of the IRA owner and/or of his or her spouse, a parent or other ancestor of the IRA owner and/or of his or her spouse. This is limited to $10,000 per lifetime.
  • The distribution occurs while the Roth IRA owner is disabled.
  • The assets are distributed to the beneficiary of the Roth IRA owner after the Roth IRA owner's death.

Then there are the 5-year rules. This is often a forgotten set of rules when it comes to Roth IRA distributions. The first 5-year rule states that earnings on Roth contributions will be tax-free and the second rule applies to conversion principal being penalty-free. The rule states that five tax years must pass from when the very first contribution is made to a Roth IRA. The first-time money comes into the Roth IRA the 5-year clock starts. For money coming from a Roth 401(k) into a Roth IRA the time the money spent in the Roth 401(k) does not count or is not added to the years for the Roth IRA. There is no credit towards the 5-year rule for having your money initially in a Roth 401(k). The 5-year requirement is aggregated across Roth IRAs so if you have one that satisfies the 5-year rule all other Roth IRAs are considered to have met the requirement. The second rule applies to Roth conversions from pre-tax accounts. In this case the conversion principal will be penalty-free if it meets the 5-year rule. Different from the contribution rule the conversion rule states that each conversion will have its own 5-year rule applied to it. This means there could be multiple time frames occurring at once. The next set of rules for withdrawals from a Roth IRA are the ordering rules. A withdrawal is considered after-tax contributions first, then conversions, and lastly earnings. Qualified distributions are penalty free and tax free regardless of source of order. Non-qualified distributions are different. Regular contributions are tax free and penalty free if distributed. However, there can be taxation owed on growth and penalties on conversion amounts if distributed.

3 weeks ago
    Marriage / Divorce, Investing, 401(k), IRAs, Taxes
What are the tax consequences for receiving money from a divorce per a qualified domestic relations order (QDRO)?
3 weeks ago
    Financial Planning, Retirement Living, End of Life
When leaving money to our grandchildren for inheritance, do we have to leave a set amount all at once, or can we choose to have different amounts released to them over the years?
3 weeks ago
What are the biggest disadvantages of annuities?
December 2016