Allan Boomer, the Chief Investment Officer of Momentum Advisors, is a shining example of what vision, expertise, and determination can achieve in the world of finance. With a storied 30-year career, Boomer has carved out a distinctive path from Wall Street to founding one of the most respected minority-owned investment firms in the country. His trajectory is not only impressive in its scope but also in its impact—both in the financial sector and in underserved communities seeking access to wealth-building strategies.

From Wall Street Beginnings to Investment Leadership

Allan Boomer launched his career in the high-stakes world of Wall Street. Spending seven years at Goldman Sachs, he quickly climbed the ranks to become Vice President in the Investment Management Division. His tenure at Goldman Sachs laid the groundwork for his deep understanding of investment portfolios, market dynamics, and client-focused advisory work. He later continued this momentum at Merrill Lynch, working another seven years in the Private Client Division.

These formative years equipped Boomer with the tools to navigate volatile markets, create strategic investment plans, and build relationships with high-net-worth clients. But more than that, his time on Wall Street provided the insight and confidence needed to break out on his own—and change the face of wealth management.

Founding Momentum Advisors with Purpose

Taking the leap from Wall Street executive to entrepreneur, Allan Boomer founded Momentum Advisors, an SEC Registered Investment Adviser. What started as a one-man operation has since grown into a thriving firm with ten professionals across three offices and nearly $400 million in assets under management. Boomer’s leadership transformed the firm into a beacon for socially responsible investing, with a clear focus on diversity and community empowerment.

Momentum Advisors is proudly a certified minority-owned business, distinguishing itself not only through performance but through its mission to make financial planning more inclusive. Boomer’s vision continues to guide the firm in offering high-touch investment management and personalized planning for a broad spectrum of clients.

A Passion for Financial Education

What sets Allan Boomer apart from many in the financial world is his deep commitment to financial literacy. Understanding that knowledge is the first step to empowerment, Boomer has made education a central tenet of his work. As the co-host of The Momentum Advisors Show, a weekly podcast on investment, entrepreneurship, and financial wellness, he brings practical advice and insight to a wide audience. His media presence on platforms like CNBC, Bloomberg, and SiriusXM reinforces his role as a trusted voice in finance.

Boomer’s goal is simple yet profound: to demystify wealth building and make sophisticated financial strategies accessible to all, regardless of background.

Community Leadership and Educational Advocacy

Beyond the boardroom, Allan Boomer has a strong presence in community organizations. 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 often place him at the helm of finance and investment committees, where his expertise drives lasting improvements in education and community infrastructure.

Academic Foundations and Professional Recognition

Boomer holds an MBA in Finance from the NYU Stern School of Business, where he was named a Robert A. Toigo Fellow—an honor that reflects both academic excellence and a commitment to diversity in finance. He also holds a BS in Marketing from Morgan State University, an HBCU known for producing top-tier business leaders.

A Vision That Inspires

Allan Boomer is more than just a financial expert—he’s a visionary leader, community advocate, and educator. Through Momentum Advisors, he continues to shape the future of inclusive wealth management. His journey from Wall Street to entrepreneurial success is both inspirational and instructional, proving that with knowledge, purpose, and resilience, it’s possible to redefine the financial landscape for generations to come.