Allan Boomer, the Founder, Managing Partner, and Chief Investment Officer of Momentum Advisors, has built an impressive legacy in the finance industry. His firm, a certified minority-owned investment management and financial planning firm headquartered in New York City, manages nearly $400 million in assets. From its humble beginnings as a one-person operation, Allan Boomer has transformed Momentum Advisors into a thriving firm, boasting a talented team of professionals across three offices. His story of success is a testament to visionary leadership, dedication, and a strong desire to create opportunities for underrepresented communities within the finance world.
A Distinguished Career on Wall Street
Before establishing Momentum Advisors, Allan Boomer spent over three decades honing his skills on Wall Street. His extensive experience includes seven years at Goldman Sachs, where he reached the position of Vice President in the Investment Management Division, and seven years at Merrill Lynch in the Private Client Division. These roles provided him with the expertise and insight needed to launch his own firm. Boomer’s ability to navigate complex financial markets and his client-first philosophy laid the groundwork for the founding of Momentum Advisors. His deep understanding of investment management and financial planning set the firm apart, allowing it to offer personalized solutions that meet clients’ unique goals and objectives.
Expanding Horizons Beyond Finance
While his primary focus is on Momentum Advisors, Allan Boomer is also a savvy entrepreneur with interests outside of the financial sector. Alongside his partners, Boomer owns nine Zips Dry Cleaning franchise stores, with plans to expand the franchise by 24 more locations. In addition, he has invested in two fitness gyms and several real estate ventures, showcasing his diverse business acumen. These ventures highlight Boomer’s entrepreneurial spirit and his ability to spot profitable opportunities in various industries, further diversifying his investment portfolio and expanding his influence beyond finance.
Educating the Public on Financial Literacy
One of the hallmarks of Allan Boomer career is his commitment to financial literacy. He co-hosts The Momentum Advisors Show, a popular podcast dedicated to discussing various topics related to investments, entrepreneurship, and financial literacy. Through this platform, Boomer offers valuable insights that help listeners navigate the complexities of personal finance. His expertise has also been featured on major media outlets, including CNBC, Bloomberg, Yahoo Finance, and SiriusXM, solidifying his position as a trusted voice in the financial industry. Boomer’s dedication to financial education is evident in his previous role as co-host of The Momentum Advisors radio show, which he ran for three years, broadening his reach and impact on the public’s understanding of finance.
A Pillar in the Community
Beyond his success in finance, Allan Boomer is deeply committed to giving back to his community. He serves on several influential boards, including the John F. Kennedy Library Foundation, Raritan Valley Community College Foundation, Marion P. Thomas Charter School, and Good Shepherd Church of Christ. Boomer’s leadership in the finance and investment committees of these organizations has helped drive significant positive change and supported community-driven initiatives. His work continues to foster educational opportunities and community development, demonstrating his dedication to social responsibility and giving back to society.
A Legacy of Diversity and Innovation
Under Allan Boomer leadership, Momentum Advisors has gained national recognition for its emphasis on diversity and socially responsible investing. As an SEC Registered Investment Adviser, the firm offers investment strategies in asset allocation, private equity, and hedge funds to high-net-worth individuals, foundations, and endowments. This commitment to socially responsible investing is a reflection of Boomer’s goal to build a more inclusive financial landscape—one where financial success aligns with sustainable, ethical practices that benefit society at large.
Boomer’s Educational Foundation
Allan Boomer academic credentials also contribute to his success. He holds 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. His education, combined with his real-world experience, has equipped him with the expertise to build a thriving SEC Registered Investment Advisory firm in Momentum Advisors.
Through his exceptional leadership in finance, community service, and education, Allan Boomer has proven himself to be a visionary leader. His dedication to diversity, inclusion, and social responsibility has shaped the future of investment management. Boomer’s work continues to empower individuals, enrich communities, and promote financial literacy, paving the way for a more inclusive and prosperous future.
