Allan Boomer, the Chief Investment Officer of Momentum Advisors, is a true testament to the power of vision, expertise, and perseverance in the world of finance. With a distinguished 30-year career, Boomer has carved out a unique path that took him from the bustling streets of Wall Street to founding one of the most respected minority-owned investment firms in the United States. His journey is not only remarkable in its scope but also in its impact—both on the financial industry and in communities traditionally underserved by wealth-building strategies.
From Wall Street Beginnings to Investment Leadership
Allan Boomer career began in the high-stakes environment of Wall Street, where he quickly gained recognition for his keen financial acumen. Boomer spent seven years at Goldman Sachs, climbing the ranks to become Vice President in the Investment Management Division. During his time at Goldman Sachs, Boomer honed his skills in portfolio management, client advisory, and navigating the complexities of financial markets. His expertise laid the foundation for his future leadership in investment management.
Following his success at Goldman Sachs, Boomer continued his career at Merrill Lynch in their Private Client Division for another seven years. These formative years solidified his understanding of investment strategies and high-net-worth client relationships. More importantly, they provided him with the insight and experience necessary to launch his own venture and disrupt the traditional wealth management industry.
Founding Momentum Advisors with Purpose
In 2008, Allan Boomer took a bold step and founded Momentum Advisors, an SEC Registered Investment Adviser. What began as a small one-man operation has since evolved into a flourishing firm with ten professionals across three offices and nearly $400 million in assets under management. Under Boomer’s leadership, the firm has become a pioneer in socially responsible investing, emphasizing diversity and financial inclusion.
Momentum Advisors is proudly a certified minority-owned business, and its success is a direct reflection of Boomer’s dedication to blending financial performance with a mission of social impact. His goal is to create an investment firm that offers personalized, high-touch financial management to a wide range of clients, while actively working to create a more inclusive wealth-building ecosystem. Through his leadership, the firm has become a key player in promoting diversity and empowering underserved communities to gain access to wealth-building strategies.
A Passion for Financial Education
One of the defining features of Allan Boomer career is his commitment to financial literacy. Recognizing that knowledge is the gateway to economic empowerment, Boomer has made education a cornerstone of his professional work. As co-host of The Momentum Advisors Show, a weekly podcast that covers topics ranging from investment strategies to entrepreneurship and financial wellness, he shares his expertise with a broad audience.
Boomer’s media presence extends beyond the podcast as he frequently appears on platforms like CNBC, Bloomberg, and SiriusXM, offering financial insights and advice. His goal is clear: to demystify the process of wealth building and make sophisticated financial strategies accessible to everyone, regardless of their background or experience.
Community Leadership and Educational Advocacy
Outside of his professional endeavors, Allan Boomer is deeply involved in community initiatives. He serves on several influential boards, including the John F. Kennedy Library Foundation, Raritan Valley Community College Foundation, and the Marion P. Thomas Charter School. These roles allow him to influence positive change in education and community development, often leading finance and investment committees to improve the infrastructure and opportunities available to underserved populations.
Academic Foundations and Professional Recognition
Boomer’s academic background further underscores his expertise. He holds an MBA in Finance from NYU Stern School of Business, where he was named a Robert A. Toigo Fellow, a prestigious honor that reflects both academic excellence and a commitment to diversity in finance. Boomer also earned a BS in Marketing from Morgan State University, an historically Black college and university (HBCU) known for fostering exceptional business leaders.
A Vision That Inspires
Allan Boomer is not just a financial expert; he is a visionary and a dedicated advocate for financial inclusion and education. His journey from Wall Street to entrepreneurial success has been nothing short of inspiring, proving that with expertise, purpose, and resilience, it’s possible to transform the financial landscape. Through Momentum Advisors, Boomer continues to shape the future of wealth management, leading with a commitment to inclusion and social responsibility that will resonate for generations to come.