Momentum Advisors, LLC (New York)

Name: Momentum Advisors, LLC
Address: 1120 Avenue Of The Americas, New York, NY, 10036
Telephone: 917-997-4297

Momentum Advisors, LLC is a large advisory firm based in New York. It manages $193.51 million of regulatory assets for 493 client accounts. It has been registered with the SEC as an adviser since 2013 and has operated in the jurisdictions of California, Georgia, Maryland, and 4 other states.

Momentum Advisors provides financial planning services, portfolio management for individuals and small businesses, portfolio management for businesses and institutional clients, selection of other advisers, and educational seminars and workshops. It prepares financial plans for less than 10 clients. On top of advisory services, the firm also engages as franchise partnerships.

Momentum Advisors: assets under management

The assets under management (AUM) of Momentum Advisors, LLC is $193.51 million. The firm's AUM has grown by 450% since the beginning of its operation, and the company doesn't manage any assets belonging to foreign clients.

The firm manages $191.58 million in discretionary accounts and $1.93 million in non-discretionary accounts. On average, the discretionary accounts where all decisions are made on behalf of the client hold $399.12 thousand each. Non-discretionary accounts, where clients actively manage their portfolios, generally hold around $148.69 thousand.

Investments

The firm invests in investment and business development companies the most. They account for 40% of the total AUM. The second-largest asset type is exchange traded securities, which make up 37% of the firm’s portfolio. Investments in cash and cash equivalents form 8% of the total invested assets.

Fees & Commissions

The advisory firm has several streams of revenue. Clients pay Momentum Advisors, LLC for their services and products based on a percentage of assets under management and fixed fees. Flat-fee based compensation is the most transparent and the one you can safely predict in advance. These fees don’t include brokerage commissions, interest, taxes, and other account expenses.

What kind of clients Momentum Advisors serves?

The firm provides services to individuals, investment companies, charitable organizations, and high net worth individuals. The largest group of clients of Momentum Advisors is charitable organizations with 5 clients and $100.61 million of assets under management. Among the 12 most similar advisory firms, Momentum Advisors has the highest percentage of charitable organizations out of all clients.

The amount of regulatory assets under management is $193.51 million for 174 clients that can include trusts, estates, and 401(k) plans and IRAs of individuals and their family members. None of the firm’s clients are foreign persons or businesses.

Momentum Advisors doesn't advise any private funds.

Careers at Momentum Advisors, LLC

The company employs 8 people that are either part- or full-time employees. 63 percent of the employees work as investment advisers or researchers. 5 employees are registered as investment adviser representatives with the state securities authorities.

There are 2 people with the role of looking for and bringing in new clients on behalf of the firm. The firm doesn’t compensate employees in addition to the salary for bringing in new clients. Employees don’t receive compensation from other entities for client referrals.

Direct owners and executive officers

Name	Entity	Date acquired	Ownership	Employer ID
Allan J Boomer	Managing member, president and chief compliance officer	1 May 2010	75% - 100%	4182424
The Momentum Group Inc.	Managing member, parent entity	1 Apr 2013	75% - 100%	46-2591751
Tiffany Catherine Mcghee	Investment advisor representative and member	1 Oct 2013	Other	4471544
William Henry Platt	Investment advisor representative and member	1 Oct 2014	Other	4558339

Indirect Owners

The SEC currently registers 1 indirect owner.

Name	Entity	Date acquired	Ownership	Employer ID
Allan J Boomer	100% shareholder of momentum advisors, llc	1 Apr 2013	75% - 100%	4182424

Based in New York

The principal office where Momentum Advisors, LLC performs its advisory services is located at 1120 Avenue Of The Americas, New York, NY 10036 The mailing address of the firm is 1120 Avenue Of The Americas, New York, NY 10036. An additional office of the firm is in Somerset, NJ. It doesn’t run an office outside of the United States.

You can reach the main office by calling the phone number 917-997-4297 or by fax 917-720-9912. The normal business hours are 9:00 a.m. - 5:00 p.m. on Monday - Friday. You can find more information about the New York firm at momentum-advisors.com.