Allan Boomer: The Driving Force Behind Momentum Advisors’ $400 Million Success
Allan Boomer, based in New York, has established himself as a powerhouse in the world of finance, blending deep industry experience with an unwavering commitment to social impact. As the Founder, Managing Partner, and Chief Investment Officer of Momentum Advisors, Allan Boomer has taken the firm from a one-person startup to a nationally respected investment advisory managing nearly $400 million in assets. His journey—from Wall Street to founding a minority-owned investment firm—demonstrates how strategic thinking, dedication, and purpose-driven leadership can build lasting success.
From Wall Street Veteran to Visionary Entrepreneur
Allan Boomer built his early career at two of the most respected financial institutions in the world: Goldman Sachs and Merrill Lynch. At Goldman, he served as Vice President in the Investment Management Division, advising high-net-worth clients and overseeing sophisticated portfolio strategies. At Merrill Lynch, he continued to refine his skills in private client services, developing a client-first approach that remains central to his work today.
These experiences prepared Allan Boomer to launch his own venture. He envisioned a firm that not only delivered expert financial planning and investment management but also promoted diversity, inclusion, and ethical investing—values too often overlooked in traditional finance.
Founding Momentum Advisors with Purpose
With that vision in mind, Allan Boomer founded Momentum Advisors, a certified minority-owned firm headquartered in New York City. Since its inception, the firm has grown substantially, offering tailored financial solutions to individuals, families, and institutions. As an SEC Registered Investment Adviser, Momentum Advisors has set itself apart by emphasizing both financial performance and social responsibility.
Allan Boomer leadership has cultivated a culture of innovation, diversity, and excellence. The firm’s nearly $400 million in assets under management is a testament to its success and credibility in the investment world.
Diversifying Across Industries
In addition to his accomplishments in financial services, Allan Boomer is a serial entrepreneur with a diversified portfolio. He owns nine Zips Dry Cleaning franchise locations and plans to expand by opening 24 more. Boomer also co-owns two fitness gyms and is actively involved in real estate ventures, proving his ability to identify and grow high-potential business opportunities.
This diversified approach not only enhances his investment strategy but also provides valuable real-world insights that he uses to guide clients at Momentum Advisors.
Championing Financial Literacy
One of Allan Boomer greatest passions is educating the public about financial empowerment. He co-hosts The Momentum Advisors Show, a widely listened-to podcast focused on personal finance, investing, and entrepreneurship. Through this platform, he shares valuable knowledge, helping everyday individuals make smarter financial decisions.
In addition to his podcast, Allan Boomer has been featured on leading media outlets such as CNBC, Bloomberg, Yahoo Finance, and SiriusXM. These appearances have amplified his voice as a thought leader and advocate for financial education, especially within underserved communities.
Leading with Community Engagement
Community involvement is a cornerstone of Allan Boomer professional philosophy. He serves on several nonprofit and educational boards, including the John F. Kennedy Library Foundation, Marion P. Thomas Charter School, and Raritan Valley Community College Foundation. His work on investment and finance committees helps these organizations grow sustainably and serve their missions effectively.
Allan Boomer commitment to giving back is evident in every aspect of his life—from mentoring young professionals to advocating for equitable financial systems.
Academic Excellence and Recognition
The foundation of Allan Boomer success is built on strong academic credentials. He holds an MBA in Finance from NYU Stern School of Business, where he was named a Robert A. Toigo Fellow, and a BS in Marketing from Morgan State University. These academic achievements, combined with his vast experience, give him the insight and credibility to lead at the highest levels of the financial industry.
Shaping the Future of Finance
Under the visionary leadership of Allan Boomer, Momentum Advisors continues to push the boundaries of what a financial advisory firm can be. With its strong ethical foundation, client-first approach, and focus on impact investing, the firm is poised for continued growth and innovation.
Through his work, Allan Boomer has become more than a successful entrepreneur—he is a changemaker in finance, creating pathways for others to achieve financial freedom with purpose.
