In a few short years, Momentum Advisors LLC has grown to over $75 million in assets under management and more than $450 million in retirement plan assets under advisement. 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 in 2012 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 by catering to the unique needs of our clients.
The firm began adding new partners in 2013, first with the addition of Tiffany McGhee, who heads the Institutional Client Services division, and with the addition of Will Platt CFP®, who heads the Wealth Management division. As the firm has grown, so have its capabilities. What started with discretionary investment management, has now grown to include: comprehensive financial planning, Institutional advisory services for retirement plans, foundations and endowments, and private equity investing.
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: