ABOUT MOMENTUM
Founded in 2012, Momentum Advisors LLC has grown to more than $330 million in assets under management, split evenly between individuals and charitable organizations. Our growth has come as the natural byproduct of doing a great job for our clients. However, our goal has never been to be the biggest, but to be the best.
The firm was founded by Allan Boomer, a former Vice President at Goldman Sachs. At the time of our inception, Wall Street had a black eye. The economy was recovering from the financial crisis, and investors were fed up with conflicts-of-interest and clamoring for objective advice. In our estimation, the financial services industry was broken. There were product salesman masquerading as financial advisors, and a client’s sole worth was determined by the number of zeroes next to their name. We sought to make a difference by focusing on advice—not products—and catering to the unique needs of our clients.
The firm's growth began to increase dramatically in 2014. First, Will Platt CFP® joined as a Partner and began leading the firm's financial planning department. Next, Kyle Pitts and Tiffany Hawkins joined and ultimately ascended the leadership ranks to become Partners. Today, the firm has 10 employees and serves hundreds of families and organizations across the globe.
As the firm has grown, so have its capabilities. What started with discretionary investment management, now includes: comprehensive financial planning and outsourced Chief Investment Officer services for non-profit organizations, foundations and endowments. The firm also has related entities that provide advice in the areas of franchising and insurance. We also host a weekly podcast, entitled Momentum Advisors, on wealth creation and entrepreneurship: https://open.spotify.com/show/39QCRQTQhMWXeIzzDoiULX
There are tens of thousands of investment advisors and financial planners to choose from. What makes Momentum different is our commitment to clients, and our never-ending quest to be the best–not the biggest. When our founder graduated from business school, he received a card that changed his life forever, and ultimately became the mantra of the firm:
“You can only become truly accomplished at something you love. Don’t make money your goal. Instead, pursue the things you love doing, and then do them so well that people can’t take their eyes off you.”
SOCIAL RESPONSIBILITY
Increasingly, clients are looking for ways to match their investments with their missions and values. Momentum Advisors specializes in helping individuals and institutions express themselves through their portfolios. For these clients, it is not just about the return they earn on their investments, but also the impact of these investments on the world.
We find that adding a socially responsible lens to portfolio construction does not necessarily detract from returns. In fact, it can be a source of outperformance.
Some of the issues we consider when building a socially responsible portfolio include:
ENVIRONMENTAL IMPACT
SOCIAL IMPACT
CORPORATE GOVERNANCE
ETHNIC & GENDER DIVERSITY
MINORITY & WOMEN-OWNED BUSINESSES