James Liotta

CFP®, CPWA®, AIF®, NSSA®
Personal Finance, Retirement, Investing
6
Answers
3
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“James Liotta, President of Prominence Capital, employs a simple strategy of finding the right solution for his clients, no matter their wealth management needs.”
Firm:

Prominence Capital GP, LLC

Job Title:

President, Founder

Biography:

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. 

Education:

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:

4493058

Disclaimer:

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.

 

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Does my wife get a percentage of my Social Security benefit after she retires and claims her own benefits?

Spousal benefits are benefits that a workers' spouse may be eligible for based on the workers' record. In order to qualify for spousal benefits the spouse must be at least age 62 or have a qualifying child and has been married to the worker for at least one year prior to filing for benefits. Under these circumstances the spouse can receive as much as half of the workers primary insurance amount depending on the age in which they file for benefits or if they have a qualified child in their care. The spouse is not eligible for spousal benefits if they are entitled to a retirement benefit that meets or exceeds one-half of the primary insurance amount of the worker. What this means is that if you have a primary insurance amount of $500 and your spouse has a primary insurance amount of $2000, you are entitled to $1000 worth of benefits. You will receive the $500 under your own benefit and $500 under your spouse's benefit which is equal one half of your spouse's benefit. Social Security benefits are reduced by a certain percentage for every month they are elected early. Spousal benefit reductions work the same way--though the factor by which the benefits are reduced is different. 

The key here is to remember that even if your spouse is eligible for a higher benefit based on your record and receives it, your benefits amount does not change. You will continue to receive your benefit with out a reduction.

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