Allan Boomer, a distinguished figure in the finance industry, is the Founder, Managing Partner, and Chief Investment Officer of Momentum Advisors. This certified minority-owned investment management and financial planning firm, headquartered in New York City, manages nearly $400 million in assets. Boomer’s journey from a one-person operation to a robust team of ten professionals across three offices is a testament to his visionary leadership and relentless drive.
A Distinguished Career on Wall Street
Before establishing Momentum Advisors, Boomer honed his skills during a 30-year career on Wall Street. His tenure includes seven years at Goldman Sachs, where he rose to the rank of Vice President in the Investment Management Division, and another seven years at Merrill Lynch in the Private Client Division. This extensive experience laid a solid foundation for the birth of Momentum Advisors, enabling Boomer to craft a unique approach to investment management and financial planning.
Expanding Horizons Beyond Finance
While his primary commitment remains with Momentum Advisors, Allan Boomer is an active investor in various sectors, including real estate and franchises. Along with his partners, he owns nine Zips Dry Cleaning franchise stores and has plans to develop 24 more locations. Additionally, Allan has invested in two fitness gyms and several real estate ventures, diversifying his portfolio and establishing a formidable presence in the business world beyond finance.
Educating the Public on Financial Literacy
Beyond his corporate responsibilities, Boomer is dedicated to educating the public about wealth creation. He co-hosts “The Momentum Advisors Show,” a weekly podcast that delves into investments, financial literacy, and entrepreneurship. His insights reach audiences through appearances on major media platforms like CNBC, Bloomberg, Yahoo Finance, and SiriusXM. For three years, he co-hosted “The Momentum Advisors” radio show, extending his influence in financial education.
A Pillar in the Community
Allan Boomer is not just a leading financial expert; he is also an active community member. He serves on several boards, including the John F. Kennedy Library Foundation, Raritan Valley Community College Foundation, Marion P. Thomas Charter School, and Good Shepherd Church of Christ. His leadership roles on these boards reflect his commitment to education and community development, making significant strides in their finance and investment committees.
A Legacy of Diversity and Innovation
Momentum Advisors, under Boomer’s leadership, has earned national recognition for its focus on diversity and socially responsible investing. As an SEC Registered Investment Adviser, the firm advises foundations, endowments, and high-net-worth individuals on various investment strategies, including asset allocation, private equity, and hedge funds. This acknowledgment of Momentum Advisors’ work highlights Allan’s dedication to creating a more inclusive and socially responsible investment landscape.
Boomer’s Educational Foundation
Boomer’s academic background includes 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 provided the tools and insights needed to navigate and succeed in the competitive finance industry, further evidenced by his founding of a successful SEC Registered Investment Advisory firm.
Boomer’s accomplishments in finance, community service, and education are remarkable. His leadership at Momentum Advisors continues to shape the future of investment management with a keen eye on diversity and social responsibility. His story is not just one of personal success, but a broader commitment to enriching communities and empowering individuals through financial literacy and strategic investment planning.
