James Lukezic

Looking for a Financial Advisor? James Lukezic Shares His Tips

James Lukezic has a robust professional portfolio as the Executive Managing Director of Old Slip Capital Partners and two decades of experience working as a retirement consultant for large corporations. He has taken on different roles serving as a financial analyst and institutional consultant for many financial institutions. Due to his experience in the field, James Lukezic has seen many people who are unsure of how to find a financial advisor. He offers some tips for finding the right financial advisor.James Lukezic (6)

Asking the Right Questions

When meeting with a potential financial advisor, James Lukezic suggests asking relevant and curated questions. It’s critical potential clients go prepared with questions before they meet with a potential financial advisor. Asking the right questions helps people find an advisor who will meet their needs and financial goals. If the financial advisor doesn’t give them the answers they’re looking for; it could be a sign, they need to look somewhere else.

Become Familiar with the Different Types of Financial Advisors

James Lukezic recommends people familiarize themselves with the different types of financial advisors. Some financial advisors focus on financial planning, while others do investment management. Investment advisors focus on managing the investments of their clients. Retirement financial advisors, for example, specialize in managing sources of income during retirements such as investments, pensions, and Social Security benefits.

Does the Financial Advisor Have the Credentials?

James Lukezic advises people to verify that potential financial advisors have some of the following credentials: CFP, PFS, or CFA. Getting a reputable financial advisor is one of the most critical steps. James suggests people check the Financial Industry Regulatory Authority (FINRA) for any complaints. Even if the financial advisor has the credentials, potential clients need to double-check for complaints against them.

The Compensation Process

James Lukezic recommends people looking for a financial advisor to learn about the compensation process to determine the type of financial advisor they can afford. Most financial advisors are fee-only, but others can also charge on an asset-based fee, hourly fee, or commission fee.

James Lukezic has worked with financial giants such as Merrill Lynch, Citigroup Global Markets, Wells Fargo, and Bank of America. Besides working with financial institutions, James Lukezic is also proud of his nonprofit work. James serves as the Chairman of ITF USA, a nonprofit organization that assists landmine victims in over 30 countries worldwide. He also has plans to establish a nonprofit to help widows in the five boroughs. In his free time, James Lukezic is a sommelier and enjoys collecting Napa Cabernet Sauvignons and Pinot noirs from Oregon’s Willamette Valley.

James Lukezic

James Lukezic Explains the Retirement Income Security Act

James Lukezic has over twenty years of experience as a retirement consultant for large corporations. In his role as Executive Managing Director of Old Slip Capital Partners, James Lukezic keeps his team in compliance with ERISA. “My firm is a leading ERISA Fiduciary Advisor to large corporate retirement plans of all kinds,” James explains. Staying in compliance with ERISA is an essential part of his job, which is why James Lukezic explains ERISA and what the responsibilities are for fiduciaries.

What is the Purpose of ERISA?James Lukezic of Palm Beach

According to James Lukezic, the main goal of ERISA is to identify roles and regulate fiduciary responsibilities. For the purposes of ERISA, a fiduciary is a person who controls, manages, or holds authority over a plan or assets. As a penalty for violators, all fiduciaries who break the rules will have to return any losses to the plan.

What is the Employee Income Retirement Income Security Act?

Under ERISA, fiduciaries, who manage the assets, must follow the rules to avoid misusing the assets outlined in the plan. The Employee Retirement Security Act (ERISA) came into existence in 1974 to help protect the retirement assets of all the people who entered a plan, as James Lukezic mentions. James Lukezic also points out the ERISA has minimum participation standards set, which dictate the vesting, benefit accrual, participation, and funding. Plan sponsors also have to adhere to the rules and provide adequate funding to remain in compliance with ERISA.

ERISA also dictates all fiduciaries must provide participants with all of the relevant information about the plans’ benefits and features. Under ERISA, some rules dictate how long a person should work for before they’re able to participate in a pension plan.

What Is a Non-Qualified Plan?

James Lukezic has also pointed out the importance of considering a non-qualified plan. A Non-Qualifed plan is a type of tax-deferred, employer-sponsored retirement plan that falls outside of Employee Retirement Income Security Act (ERISA) guidelines. According to James, Non-qualified plans are designed to meet specialized retirement needs for key executives and other select employees and can act as recruitment or employee retention tools. These plans are also exempt from the discriminatory and top-heavy testing that qualified plans are subject to.

KEY TAKEAWAYS

1) Non-qualified plans are retirement savings plans.
2) They are called non-qualified because they do not adhere to Employee Retirement Income Security Act (ERISA) guidelines as with a qualified plan.
3) Non-qualified plans are generally used to supply high-paid executives with an additional retirement savings option.

In his long and successful career, James Lukezic has worked for the large financial institutions such as Merrill Lynch, Citigroup Global Markets, Wells Fargo, and Bank of America. James Lukezic graduated from Cornell University with a B.S. in banking, corporate finance and securities law. James Lukezic is also a member of the United States Polo Association, New York City’s Fencers Club, and the American Helicopter Society. Not to mention, he is also a sommelier, and his favorite wines include Napa Cabernet Sauvignons and Pinot noirs from Oregon’s Willamette Valley.

James Lukezic

Sommelier James Lukezic’s Guide for Pairing Wine This Holiday Season

Executive Managing Director, James Lukezic might be too busy working for Old Slip Capital Partners during the day, but he has some pretty exciting interests when he clocks out. Many people might not know that James Lukezic is also a sommelier. He grew up immersed in the wine business. “My family has been making and selling wine for centuries. They have owned wineries in Slovenia and the Collio region of Italy,” James says. James wanted to continue with the family legacy, so he became a sommelier. “My favorite wines are Napa Cabernet Sauvignons and Pinot Noirs from Oregon’s Willamette Valley,” he says. With the holiday season fast approaching, James Lukezic shares a few tips to help people pair their favorite foods with wines.

 James Lukezic

Wine Pairing 101

According to sommelier James Lukezic, there are a few simple rules to follow to pair wine. Everyone who considers themselves wine lovers will find this information useful. As a general rule, red wines go better with stronger meats such as steak and lamb. If you plan on enjoying a fish, seafood, or chicken dish, then white wine is a better pairing. Although these are the basics of wine pairings, more experienced wine enthusiasts can pair the flavors to compliment the wine. For example, a lemon chicken would go great with a more acidic wine such as a pinot gris or Sauvignon Blanc.

 

Wine Pairing Guide

 

Chardonnay: According to James Lukezic, many people enjoy Chardonnay because it’s a full-bodied white wine. The main notes of Chardonnay are oak and a hint of buttery notes. A glass of Chardonnay goes well with creamy cheeses, pork, almonds, lobster, and cheesecake. 

 

Pinot noir: One of James Lukezic’s favorite varieties, Pinot Noir is a lighter red that has a fruitful flavor. While it pairs best with meats, Pinot Noir is also a tremendous complimentary for duck, lamb, mushrooms, chocolate, salmon, and orange.

 

Cabernet Sauvignon: This is a favorite and popular red wine due to its full body, bold tannins, and subtle notes of fruit. James Lukezic points out that a glass of Cabernet Sauvignon pairs excellently with lamb, venison, ahi tuna, cheddar, and bittersweet chocolate. 

 

When he’s not adding wines to his extensive collection, James Lukezic’s other interests include the United States Polo Association, New York City’s Fencers Club, and the American Helicopter Society. In his successful career, he has worked for the big financial institutions such as Merrill Lynch, Citigroup Global Markets, Wells Fargo, and Bank of America.

James Lukezic

How to Find a Financial Advisor According to James Lukezic

James Lukezic, the Executive Managing Director of Old Slip Capital Partners, has over 20 years of experience as a Pension Consultant for Corporations of all sizes. During his career, James Lukezic has encountered many clients who don’t know how to go about hiring a financial advisor. He shares a few tips for getting started.

It’s Important to Ask the Right Questions

When people look for a financial advisor, it’s essential to ask the right questions. It’s vital potential clients go prepared with questions before they meet with a possible financial advisor or they’re an analyst on the advisor’s team. Asking the right questions often helps people weed out advisors that won’t be able to meet their needs. Clients will also get a better sense of how a financial advisor communicates with them based on the answers they give them. If the potential client is not satisfied with the answers, they will decide the advisor is not the right one for them.

Learn About the Different Types of Financial Advisors

James Lukezic has worked in different sectors in his career as a financial advisor. Before clients settle on the financial advisor that works for them, they need to learn about the different types of financial advisors. Some financial advisors focus on investment management, and others offer financial planning services. Retirement advisors specialize in managing assets and helping their clients plan for retirement. For example, financial planners help their clients save more, while others maintain the investments of clients.

Understand the Compensation Process

According to James Lukezic, before people search for a financial advisor, they should familiarize themselves with the compensation process. For the most part, most financial advisors are fee-only, but others can also charge an asset-based fee, an hourly fee, or commission fees. By understanding the compensation process, clients will be able to decide what they can afford.

Learn About Credentials

James Lukezic advises people to verify that potential financial advisors have some of the following credentials; CFP, PFS, or CFA. Getting a reputable financial advisor is one of the most critical steps. Even if the financial advisor has the credentials, potential clients need to double-check for complaints against the advisor. James suggests people check the Financial Industry Regulatory Authority (FINRA Brokercheck) for any complaints. According to James Lukezic, one of the most important things to keep in mind when seeking a financial advisor is the credentials.

James Lukezic has extensive experience working for large financial firms such as Merrill Lynch, Citigroup Global Markets, Wells Fargo, and Bank of America. James Lukezic serves as the Chairman of ITF USA, a non-profit organization that assists landmine victims in over 30 countries worldwide. He also has plans to establish a non-profit to help widows in the five boroughs on NYC.

James Lukezic

James Lukezic Gets Ready to Launch a Nonprofit Organization to Help Widows

James Lukezic of Palm Beach

With almost 20 years of experience working as a retirement consultant and financial analyst for corporations such as Merrill Lynch, Citigroup Global Markets, Wells Fargo, and Bank of America, James Lukezic has extensive knowledge in corporate retirement plan services. Even though he is busy with his career as a retirement consultant, James Lukezic still has time to give back to the community. James Lukezic is in the process of launching a nonprofit to help widows in the boroughs of Brooklyn, The Bronx, Manhattan, Queens, and Staten Island. As he finalizes the last few preparations, James Lukezic is convinced the Mount Moriah #20 Foundation will positively impact the community.

In the United States, there are about 13.6 million widows, and each year about 700,000 more will become widows. Aside from dealing with the grief, some widows also see a significant decline in their income after their spouse passes away. The goal of Mount Moriah is to assist by issuing grants for widows to help them with everyday life and expenses. The average widow in America sees a 37 percent decline in their household income after the death of their spouse. Having access to the grants offered at Mount Moriah can help improve their quality of life.

As a financial consultant, James Lukezic points out that many widows don’t know how to navigate through health insurance policies, Social Security, life insurance, and overall financial matters. Although many new widows receive a lot of attention from friends and family members shortly after the death of a spouse, the help eventually stops. Widows are left without assistance on the essential administrative procedures after the death of their spouse. The Mount Moriah #20 Foundation will help widows with some of those concerns so that they can achieve a more financially stable life.

Aside from starting this nonprofit organization, James Lukezic is also the Chairman of ITF USA, a nonprofit organization that helps landmine victims of over 30 countries. James Lukezic graduated from Cornell University with a B.S. in banking, corporate, finance, and securities law. After receiving his degree from Cornell University, James Lukezic started his career in the Junior Executive Training Program at Merrill Lynch & Co. He currently works as Executive Managing Director at Old Slip Capital Partners. When he’s not too busy working or helping the community, James Lukezic is also a member of the United States Polo Association, New York City’s Fencers Club, and the American Helicopter Society. Not to mention, he is also a sommelier, and his favorite wines include Napa Cabernet Sauvignons and pinot noirs from Oregon’s Willamette Valley.

James Lukezic

James Lukezic Explains What a Sommelier is All About

James Lukezic might have an extensive portfolio as a retirement consultant for large corporations that expands two decades, but his passion is also wine. “My family has been making and selling wine for centuries. They have owned wineries in Slovenia (Austrian Hungarian Empire) and the Collio region of Italy,” James Lukezic says. Because of his backgroundJames Lukezic decided to become a sommelier. He explains what being a sommelier is all about.

James Lukezic

What is a Sommelier?

sommelier is someone who is an expert in fine wine and serves only the best quality wine to its patrons. The term sommelier is of French origins, and it used to refer to the wine steward whose job was to serve wine to royalty. According to James Lukezic, it’s safe to say the job description has changed a lot in the last few centuries. Although there are still a few sommeliers that serve royalty, most of them work in the food and hospitality industry.

Most modern sommeliers either work at fine dining restaurants or offer their consulting services. Sommeliers are responsible for knowing important details about the wine they serve patrons. James Lukezic explains any decent sommelier should be able to tell information about the grapes, the region where the grapes were grown, details about the particular vineyard, and more. Sommeliers also have extensive knowledge of the ratings of each wine. Not to mention, the best sommeliers know a great deal about vintage wines.

Responsibilities of a Sommelier

James Lukezic, who is primarily a financial advisor by day, explains the responsibilities of a sommelier are quite broad. Aside from making the perfect pour and educating patrons about wine, sommeliers have specific responsibilities. Many fine dining establishments hire sommeliers to put together the wine list for the menu. They also know which wines go with different foods so that they can make recommendations to customers.

When they work at a restaurant, sommeliers are also responsible for ordering and maintaining the wine. They also train other employees on basic wine knowledge so they can recommend a wine to customers.

Aside from working at restaurants, sommeliers can have enjoyable jobs. Many of them, to keep their skills sharp, travel to the wine regions of the world, and attend wine conventions. Sommeliers must stay current with everything that has to do with wine. They must stay on top of industry and pricing trends. Because wine consumption is all about the customer, sommeliers take the opinions of consumers seriously.

Where Can a Sommelier Work?

Aside from working in fine dining, there are many places where a sommelier can work. Sommeliers go on to become business owners and open a wine store. They can also teach courses on wine and food pairings or train other sommeliers. James Lukezic points out it’s also common for sommeliers to write articles or books on wine.

“My favorite wines are Napa Cabernet Sauvignons and Pinot noirs from Oregon’s Willamette Valley,” says James Lukezic. Some of his other activities include the United States Polo Association, New York City’s Fencers Club, and the American Helicopter Society.

James Lukezic

James Lukezic Shares Tips for Finding a Financial Advisor

As the Executive Managing Director of Old Slip Capital Partners, James Lukezic has almost two decades of experience working as a retirement consultant for large corporations. He has taken on different roles serving as a financial analyst and institutional consultant for many financial corporations over the years. James Lukezic recognizes some individuals are not comfortable with the idea of hiring a financial advisor because they don’t know where to start. He shares some tips for those who want to explore the idea of a financial advisor.

James Lukezic of Palm BeachFamiliarize Yourself with the Types of Financial Advisors
As someone who has worked in different sectors as a financial advisor, James Lukezic recommends people familiarize themselves with the different types. For example, some financial advisors might offer investment management, while others provide financial planning.

Advisors who focus on financial planning deal with helping people save and the types of insurance they might need; investment advisors focus on managing the investments of their clients. Retirement financial advisors specialize in managing sources of income during retirement, such as investments, pensions, and Social Security benefits.

Check the Credentials of Potential Financial Advisors
According to James Lukezic, one of the most important things to keep in mind when seeking a financial advisor is the credentials. Getting a reputable financial advisor is one of the most critical steps. James Lukezic advises people to verify that potential financial advisors have some of the following credentials CFP, PFS, or CFA. Even if the financial advisor has the credentials, potential clients need to double-check for complaints against the. James suggests people check the Financial Industry Regulatory Authority (FINRA) for any complaints.

Learn the Compensation Process
James Lukezic recommends people looking for a financial advisor to learn about the compensation process. Learning about the compensation process can help determine what they can afford as far as a financial advisor. In general, most financial advisors are fee-only, but others can also charge on an asset-based fee, an hourly fee, or commission fee.

Ask the Right Questions
James Lukezic suggests people ask the right questions when trying to find a financial advisor. Asking the right questions often helps people weed out advisors that won’t be able to meet their needs. It’s essential potential clients go prepared with questions before they meet with a possible financial analyst. Asking questions will also give clients a better sense of how the financial advisor communicates. If the advisor doesn’t give you the answer they’re looking for, they shouldn’t be afraid to ask follow up questions.

James Lukezic has also worked with financial giants such as Merrill Lynch, Citigroup Global Markets, Wells Fargo, and Bank of America in his career. When James Lukezic is not advising large corporations, he’s helping the community. James serves as the Chairman of ITF USA, a non-profit organization that assists landmine victims in over 30 countries worldwide. He also has plans to establish a non-profit to help widows in the five boroughs.

James Lukezic, a Sommelier, Offers an Overview of the World’s Top Wine Regions

James Lukezic, an Executive Managing Director, has been surrounded by wine his entire life. My family has been making and selling wine for centuries. They have owned wineries in Slovenia and the Collio region of Italy,” James says. Even though he has a strong professional portfolio as a retirement consultant and financial analyst, this didn’t stop him from becoming a sommelier. “My favorite wines are Napa Cabernet Sauvignons and Pinot noirs from Oregon’s Willamette Valley,” he says. While some of his favorite wines come from wineries in the United States, as an avid traveler, James Lukezic recognizes the great wine regions of the world. 

According to James Lukezic, even though the wine production in France has gone down by 11% since 2007, France remains one of the top producers in the world. The major grapes in France include Cabernet Franc, Syrah, Merlot, Carignan, and more. James Lukezic, whose family has owned wineries in Italy, points out that Italy still remains a large wine producer. Some of the major grapes in Italy include Prosecco, Barbera, Trebbiano Toscano, and Nero d’Avola. Still, Italy has also reduced its wine production by 7% since 2007. 

Although Spain doesn’t get the same recognition as France and Italy, it has some of the largest vineyard acreages in the world. Spain still holds its own against its neighbors with grapes such as Garnacha, Airen, Bobal, and Tempranillo. As one of James Lukezic’s favorites, 99% of the wine produced in the United States comes from California. The major grapes in California include Melot, Cabernet Sauvignon, Pinot Noir, and Zinfandel.  

Argentina is also making its mark on the world as one of the top wine producers, according to James Lukezic. Over the last few years, wine production in Argentina has seen a growth of 8%, which has this South American country to hold one of the top 5 spots in wine production in the world. The major grapes in Argentina include Malbec, Bonarda, Chardonnay, and Cabernet Sauvignon.

When he’s not adding wines to his extensive collection, James Lukezic focuses on his career as an executive for Old Slip Capital Partners. James Lukezic has also worked with financial giants such as Merrill Lynch, Citigroup Global Markets, Wells Fargo, and Bank of America in his successful career. Some of his other interests include setting up nonprofits, belonging to the United States Polo Association, New York City’s Fencers Club, and the American Helicopter Society. 

James Lukezic

From Executive Managing Director to Sommelier – James Lukezic Explains How to Become a Sommelier

Although James Lukezic has a strong professional portfolio as the Executive Managing Director of Old Slip Capital Partners and two decades of experience working as a retirement consultant for large corporations, he is also an avid wine collector. “My family has been making and selling wine for centuries. They have owned wineries in Slovenia (Austrian Hungarian Empire) and the Collio region of Italy,” James Lukezic says.

With such a strong winery background, it should come as no surprise James Lukezic is a sommelier. James Lukezic says, “My favorite wines are Napa Cabernet Sauvignons and Pinot noirs from Oregon’s Willamette Valley.” Because James Lukezic believes it’s possible to do it all, he shares how to become a sommelier.

James Lukezic recommends people try to learn as much as they can about wine if they’re interested in becoming a sommelier. One of the best things to do is to begin taking notes when tasting wines. Learning to taste wine like a pro is one of the most important steps. According to James Lukezic, familiarizing yourself with the most important wine regions in the world also helps a sommelier in the making, then delve into the lesser-known regions, thereby setting a base knowledge of styles, characteristics, and expectations.

Although traveling to the main wine regions is the best way to learn about wine, sometimes this is not possible for everyone. James Lukezic recommends reading as many books as you can on wine regions, attend local tastings and visits wineries when possible, to learn from those on the ground floor, vintners, farm managers, and cellar rats. Another important skill that is often overlooked is learning to properly examine wine. Whether a novice or professional, the first moments after the pour are critical. The nose and color of a wine can detail an incredible amount of information about a particular vintage, therefore its presentation and aromatics are quite important.

Naturally, one of the best ways to obtain training as a sommelier is by working in the industry. That said, working at a restaurant, tasting room, wine bar, or catering company is a great way to hone your knowledge and skills when working at a winery directly is not an option. James Lukezic, for example, comes from a background of winemakers, born into the industry, claiming this as the reason for his passionate love affair with wine and wine-making.

When we asked James Lukezic about his favorite part of tasting wines he referenced how his thoughts lead to thinking of the people that picked the particular vintage, where they were from and where are they now and if they know the profound effect they had on the wine being tasted so many years later.

For those who are very serious about becoming a sommelier, they can sign up for a certificate program. Wine courses are widely available and will provide them with the hands-on training required to become a professional sommelier.

When James Lukezic is not adding wines to his collection, he enjoys helping the community and staying involved with nonprofits. James serves as the Chairman of ITF USA, a non-profit organization that assists landmine victims in over 30 countries worldwide. James Lukezic also has plans to establish a non-profit to help widows in the five boroughs.

Some of his cherished personal interests include belonging to the United States Polo Association, New York City’s Fencers Club, and the American Helicopter Society.

James Lukezic

James Lukezic Simplifies the Employee Retirement Income Security Act

As the Executive Managing Director of Old Slip Capital PartnersJames Lukezic has almost two decades of experience working as a retirement consultant for large corporations. In his current role, James Lukezic ensures his entire team is in compliance with ERISA. “My Firm is a leading ERISA Fiduciary Advisor to large corporate retirement plans of all kinds,” he says. For those who are not familiar, James Lukezic talks about what ERISA entails and what the responsibilities of fiduciaries are.

James Lukezic (5)

What is the Employee Income Retirement Income Security Act?

According to James Lukezic, the Employee Retirement Security Act (ERISA) came into existence in 1974 to help protect the retirement assets of all the people who entered a plan. Under ERISA, fiduciaries, who manage the assets, must follow the rules to avoid misusing the assets set forth in the plan. ERISA also dictates all fiduciaries must provide participants with all of the relevant information about the plans’ benefits and features.

James Lukezic also points out ERISA has minimum participation standards set which dictate the vesting, benefit accrual, participation, and funding. Under ERISA, there are also rules that dictate how long a person should work for before they’re able to participate in a pension plan. Plan sponsors also have to adhere to the rules and provide adequate funding to remain in compliance with ERISA.

What is the Purpose of ERISA?

All in all, James Lukezic explains the purpose of ERISA is to identify roles and regulate the responsibilities of a fiduciary. According to James Lukezic, a fiduciary is a person who controls, manages, or holds authority over a plan or assets. All of the fiduciaries who violate any of the ERISA rules will have to restore the losses caused to the plan.

ERISA Takeaways

James Lukezic explains there are three takeaways to ERISA that all fiduciaries should be familiar with.

  • If a fiduciary misused the plan, ERISA allows for participants to sue for the loss of benefits.
  • The rules set by ERISA prevent the plan fiduciaries from misusing any of the assets in the plan.
  • ERISA also sets minimum standards of participation, funding, benefit accrual, and vesting of all retirement plans.

James Lukezic has also worked with financial giants such as Merrill Lynch, Citigroup Global Markets, Wells Fargo, and Bank of America in his career. Some of his interests include belonging to the United States Polo Association, New York City’s Fencers Club, and the American Helicopter Society. James also enjoys helping the community and staying involved with nonprofits.