Allan Boomer, the current Chief Investment Officer of Momentum Advisors, began his illustrious career on Wall Street. With a robust 30-year career, he spent seven years at Goldman Sachs, where he ascended to the position of Vice President within the Investment Management Division. His journey continued with another seven years at Merrill Lynch in the Private Client Division. This extensive experience on Wall Street equipped him with invaluable insights and expertise, laying a solid groundwork for his entrepreneurial venture.
Founding Momentum Advisors from Scratch
Boomer took a bold step by founding Momentum Advisors. As a certified minority-owned investment management and financial planning firm, Momentum Advisors stands out with nearly $400 million in assets under management. The firm is an SEC Registered Investment Adviser (RIA), known widely for its diversity and dedication to socially responsible investing. Boomer’s vision turned a one-person startup into a firm with ten professionals operating across three offices, a testament to his strategic leadership and unyielding determination.
A Voice for Financial Education
Allan Boomer is deeply committed to spreading financial literacy and empowering individuals through education. He co-hosts “The Momentum Advisors Show,” a weekly podcast dedicated to investment, financial literacy, and entrepreneurship. His insights often reach a broader audience through regular appearances on major media platforms, including CNBC, Bloomberg, Yahoo Finance, and SiriusXM. His three-year stint as a co-host on the radio show “The Momentum Advisors” highlights his dedication to educating the public about building wealth.
Commitment to Community and Education
Boomer’s commitment to his community is evident through his active involvement in various organizations. He serves on the Board of the John F. Kennedy Library Foundation, the Raritan Valley Community College Foundation, the Marion P. Thomas Charter School, and Good Shepherd Church of Christ. His roles often include leading finance and investment committees, demonstrating his expertise and dedication to community development and educational improvement.
Academic Excellence and Professional Growth
Allan Boomer boasts impressive academic credentials that have significantly contributed to his successful career. He holds an MBA in Finance from the NYU Stern School of Business, where he was recognized as a Robert A. Toigo Fellow. Additionally, he earned a BS in Marketing from Morgan State University. These academic achievements provided him with a strong foundation and a comprehensive understanding of finance and investment strategies.
A Legacy of Success and Responsibility
Under Boomer’s guidance, Momentum Advisors continues to thrive, setting new benchmarks in investment management and financial planning. The firm’s commitment to diversity and socially responsible investing is a reflection of Boomer’s vision and ethos. His leadership at Momentum Advisors, coupled with his contributions to financial education and community service, positions him as a prominent figure in the finance industry.
An Exemplar of Leadership and Vision
In a career marked by significant achievements, Boomer’s rise from Wall Street to becoming the Chief Investment Officer of Momentum Advisors stands out. His journey is not only a reflection of professional excellence and astute investment strategies but also a testament to his unwavering commitment to education, community, and fostering diversity. Boomer’s impact on the financial world and beyond continues to inspire aspiring professionals and investors alike.
