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.
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 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. Compensation based on assets under management promotes a long-term relationship between a client and the adviser and helps align mutual interests. These fees don’t include brokerage commissions, interest, taxes, and other account expenses.
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.
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.
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.