Allan Boomer is the Founder and Chief Investment Officer of Momentum Advisors, a leading financial advisory and wealth management firm headquartered in New York City with $400 million in assets under management. He has built a reputation for helping individuals, businesses, and institutions grow and protect their wealth. Before launching his own firm, Allan gained extensive experience at Goldman Sachs and Merrill Lynch, where he specialized in investment strategies and wealth management for high-net-worth clients. He also earned an MBA in finance from the NYU Stern School of Business.
Beyond his success in the wealth management industry, Allan is a dedicated advocate for financial literacy, entrepreneurship, and education. He is passionate about giving back to underserved communities and has launched several initiatives to help young professionals and first-generation college students achieve their goals. The Allan Boomer Scholarship for First Generation College Students reflects his commitment to making higher education more accessible.
What is your typical day, and how do you make it productive?
My day starts early, usually with a workout and some quiet time to plan my priorities. Once I get to the office, my schedule is packed with client meetings, investment strategy sessions, and business development discussions. I make my day productive by time-blocking—dedicating focused periods to specific tasks—so I’m not constantly reacting to distractions.
How do you bring ideas to life?
I believe in the power of collaboration. When I have an idea, I share it with my team, gather feedback, and refine it based on different perspectives. Execution is key, so I always create a plan with measurable steps and accountability to bring ideas to fruition.
What’s one trend that excites you?
The democratization of financial education. More people than ever are getting access to investment knowledge and wealth-building strategies that were once reserved for the elite. This shift is creating opportunities for individuals from all backgrounds to build generational wealth. Our Podcast “The Momentum Advisors” is part of this trend by adding a new voice to the conversation of wealth building.
What is one habit that helps you be productive?
Reading. I dedicate time daily to reading industry news, and economic research reports. Staying informed allows me to make better decisions and provide the best possible advice to my clients.
What advice would you give your younger self?
Always do your best. Doing your best is something most people are never told – we are told to get good grades or to work hard. However, doing your best is very subjective and there is only one person who knows if you are truly giving it your all – and that’s you! Once I started doing my best consistently, my life changed for the better.
Tell us something you believe almost nobody agrees with you on?
I believe that financial success is 90% behavior and only 10% knowledge. Many people assume that being great with money is about knowing the right investments, but in reality, it’s about discipline, mindset, and consistency.
What is the one thing you repeatedly do and recommend everyone else do?
Collect people. Building relationships has been one of the most valuable aspects of my career. I make a habit of connecting with people from a variety of walks of life and I don’t shy away from people who may have a different point of view than mine.
When you feel overwhelmed or unfocused, what do you do?
I take a step back and reset. Sometimes that means taking a short walk, praying, or simply stepping away from my desk for a few minutes. Clarity often comes when you give yourself a break.
What is one strategy that has helped you grow your business or advance in your career?
Prioritizing relationships over transactions. In finance, it’s easy to focus on numbers, but long-term success comes from building trust. Clients stay with us because they know we genuinely care about their financial well-being.
What is one failure in your career, how did you overcome it, and what lessons did you take away from it?
Early in my entrepreneurial career, I launched a venture that failed due to my lack of appreciation for competition. I received a fortune cookie that said “Failure is the tuition we pay for success.” I believe every entrepreneur has to pay this type of tuition in order to find success.
What is one business idea you’re willing to give away to our readers?
A financial literacy platform tailored specifically for first-generation college students. It could provide step-by-step guidance on budgeting, investing, and building credit, helping students avoid common financial pitfalls.
What is one piece of software that helps you be productive? How do you use it?
Monday.com. I use it to organize my to do list, track projects, and collaborate with my team. It’s an all-in-one tool that keeps everything structured and accessible.
Do you have a favorite book or podcast you’ve gotten a ton of value from and why?
Book: The Alchemist by Paulo Coelho. It is a book about following your dreams despite many setbacks. It reinforces the idea that the universe will conspire to make it happen
Podcast: The Breakdown with Shaun King. This podcast provides news stories that you don’t often hear in traditional media. Shaun is quite compelling.
What’s a movie or series you recently enjoyed and why?
I am watching “Found” with my daughter. While it’s dramatized, it offers an interesting look into the world of missing people. When I am out of the office, I try to stay as far as possible away from finance and business shows!
Key learnings
- Success in finance is more about behavior than knowledge. Many people assume financial literacy is about technical skills, but discipline and consistency matter more.
- Networking should be intentional. Building strong relationships and providing value to others leads to long-term success.
- Failure is part of your success story in business. One of Allan Boomer’s biggest lessons came from failing to assess the competition.
- Taking breaks improves focus. When feeling overwhelmed, stepping back can lead to clarity and better decision-making.
- Financial education is key to economic empowerment. The democratization of finance is creating new opportunities for people from all backgrounds.