For many, a career on Wall Street signifies the pinnacle of financial success; for Allan Boomer, it was merely the beginning. Rising through the ranks at both Goldman Sachs and Merrill Lynch, he acquired a wealth of expertise in investment management and private client services. This foundation prepared him to embark on his entrepreneurial journey by founding Momentum Advisors, where he now serves as the Chief Investment Officer.
Building a Minority-Owned Investment Firm
When Boomer founded Momentum Advisors, he had a clear vision to create a minority-owned investment management and financial planning firm that prioritized diversity and inclusion. Today, the company stands strong with nearly $400 million in assets under management. Momentum Advisors is an SEC Registered Investment Adviser (RIA), lauded for its commitment to socially responsible investing and its significant impact within the investment community.
Thriving Through Diversification
As the Chief Investment Officer, Boomer has not only focused on traditional financial planning but has also diversified his investments. His portfolio includes real estate ventures and franchise businesses, such as nine Zips Dry Cleaning stores, with plans for 24 more. Additionally, he co-owns two fitness gyms, demonstrating his adeptness at identifying various lucrative opportunities outside the conventional sphere of finance.
Spreading Financial Literacy and Knowledge
A staunch advocate for financial education, Allan Boomer co-hosts “The Momentum Advisors Show,” a podcast dedicated to spreading knowledge on investment, entrepreneurship, and financial literacy. His expertise is often sought on major media platforms like CNBC, Bloomberg, and Yahoo Finance. Through these channels, Boomer educates a broader audience, emphasizing prudent investment strategies and wealth-building principles.
Active Community Engagement and Leadership
Boomer’s involvement extends beyond business into community service and educational organizations. He holds positions on the boards of notable institutions such as the John F. Kennedy Library Foundation, Raritan Valley Community College Foundation, and Marion P. Thomas Charter School. His roles usually entail leadership in finance and investment committees, showcasing his dedication to community development and education.
Academic Credentials and Industry Recognition
Boomer’s academic journey significantly influenced his career trajectory. He earned an MBA in Finance from the NYU Stern School of Business, where he was a Robert A. Toigo Fellow, and a BS in Marketing from Morgan State University. These academic achievements, coupled with his extensive industry experience, establish Boomer as a knowledgeable and respected figure in finance.
Steering Momentum Advisors to New Heights
Momentum Advisors, under Boomer’s stewardship, continues to thrive, setting benchmarks in the financial planning and investment management sectors. The firm’s robust framework and dedication to diversity mirror Boomer’s vision and principles. His leadership in guiding almost $400 million in assets highlights the firm’s growth while maintaining its commitment to ethical and socially responsible investing.
A Paragon of Leadership and Innovation
Allan Boomer and his journey from Wall Street to leading Momentum Advisors as its Chief Investment Officer is a testament to his vision, expertise, and commitment to excellence. His diversified investment strategies, dedication to financial education, and active community involvement establish him as an exemplary leader in the financial industry. Boomer’s influence extends beyond numbers, shaping the industry, educating the public, and fostering a financial ecosystem grounded in responsibility and inclusion.
