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 successful firm with a talented team of ten professionals across three offices is a testament to his visionary leadership and relentless drive. The success story of Momentum Advisors reflects his deep understanding of the financial markets and commitment to empowering underrepresented communities in the finance world.
A Distinguished Career on Wall Street
Before founding Momentum Advisors, Allan Boomer spent over 30 years on Wall Street, refining his skills and gaining invaluable experience. His career includes seven years at Goldman Sachs, where he advanced to the position of Vice President in the Investment Management Division. He also spent seven years at Merrill Lynch in the Private Client Division. This extensive background in some of the most prestigious institutions on Wall Street provided Boomer with the knowledge and insight needed to start his own firm. His unique approach to investment management and financial planning laid the foundation for the creation of Momentum Advisors, positioning the firm to offer personalized, client-focused solutions.
Expanding Horizons Beyond Finance
While his primary commitment remains with Momentum Advisors, Allan Boomer has also branched out into other sectors, demonstrating his entrepreneurial spirit and business acumen. Alongside his partners, he owns nine Zips Dry Cleaning franchise stores and has plans to expand the franchise to 24 more locations. In addition, Boomer has invested in two fitness gyms and several real estate ventures, significantly diversifying his investment portfolio. These ventures have helped him establish a presence in industries beyond finance, reflecting his broader business interests and keen eye for opportunities.
Educating the Public on Financial Literacy
Allan Boomer is deeply committed to financial education and literacy. He co-hosts “The Momentum Advisors Show,” a weekly podcast that covers topics ranging from investments to entrepreneurship and financial literacy. Through this platform, Boomer provides valuable insights to listeners, helping them navigate the complexities of personal finance. Additionally, Boomer’s expertise has been featured on major media outlets, including CNBC, Bloomberg, Yahoo Finance, and SiriusXM, further solidifying his role as a trusted voice in the financial industry. For three years, he also co-hosted “The Momentum Advisors” radio show, expanding his influence and commitment to financial education.
A Pillar in the Community
Allan Boomer is not only a prominent financial leader but also an active community member. 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. Through these roles, Boomer demonstrates his commitment to education, community development, and social responsibility. His leadership in the finance and investment committees of these organizations has helped drive positive changes and supported community-driven initiatives.
A Legacy of Diversity and Innovation
Under Allan Boomer’s leadership, Momentum Advisors has gained national recognition for its emphasis on diversity and socially responsible investing. As an SEC Registered Investment Adviser, the firm provides advice on a range of investment strategies, including asset allocation, private equity, and hedge funds, to foundations, endowments, and high-net-worth individuals. This recognition reflects Boomer’s dedication to building a more inclusive and socially responsible investment landscape, where financial success is balanced with a commitment to sustainability and social good.
Boomer’s Educational Foundation
Allan Boomer’s academic background further illustrates his commitment to excellence in both education and finance. 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. These credentials have provided Boomer with the expertise to navigate the competitive finance industry and to create a successful SEC Registered Investment Advisory firm in Momentum Advisors.
Through his accomplishments in finance, community service, and education, Allan Boomer has proven himself as a visionary leader. His leadership at Momentum Advisors continues to shape the future of investment management with an unwavering focus on diversity and social responsibility. Boomer’s story is not just one of personal success; it reflects a broader commitment to empowering individuals, enriching communities, and promoting financial literacy for a brighter, more inclusive future.