Momentum Advisors provides financial planning, portfolio management for individuals and small businesses, portfolio management for pooled vehicles, portfolio management for institutions, pension consulting, selecting other managers, publishing newsletters, educational seminars, business succession planning, education planning, estate planning, and insurance. The firm advises 1 private fund.
Momentum Advisors reports 370 clients. They include 220 individual clients, 134 high-net-worth individuals and 12 charitable organizations. Of its assets, 99.5% ($413M across 367 accounts) are managed with discretion; $2.15M across 3 accounts are not. Of its clients, 1% are outside the U.S.
| Client type | Clients | Assets |
|---|---|---|
| Individuals (other than HNW) | 59% | 23% |
| High-net-worth individuals | 36% | 62% |
| Pooled investment vehicles | <1% | 2% |
| Charitable organizations | 3% | 13% |
| Other | <1% | <1% |
Client breakdown and activity details
| Client type | Clients | Regulatory AUM | AUM share | Avg. per client |
|---|---|---|---|---|
| Individuals (other than HNW) | 220 | $94.4M | 22.8% | $429K |
| High-net-worth individuals | 134 | $257M | 62.0% | $1.92M |
| Pooled investment vehicles | 1 | $6.63M | 1.6% | $6.63M |
| Charitable organizations | 12 | $54.5M | 13.1% | $4.54M |
| Other | 3 | $2.15M | 0.5% | $715K |
| Total | 370 | $415M | 100% | $1.12M |
- Clients
- 220
- Regulatory AUM
- $94.4M
- AUM share
- 22.8%
- Avg. per client
- $429K
- Clients
- 134
- Regulatory AUM
- $257M
- AUM share
- 62.0%
- Avg. per client
- $1.92M
- Clients
- 1
- Regulatory AUM
- $6.63M
- AUM share
- 1.6%
- Avg. per client
- $6.63M
- Clients
- 12
- Regulatory AUM
- $54.5M
- AUM share
- 13.1%
- Avg. per client
- $4.54M
- Clients
- 3
- Regulatory AUM
- $2.15M
- AUM share
- 0.5%
- Avg. per client
- $715K
Total
- Clients
- 370
- Regulatory AUM
- $415M
- AUM share
- 100%
- Avg. per client
- $1.12M
- Clients outside the U.S.
- 1%
- Clients advised without assets under management last fiscal year
- 0
- Private funds advised
- 1
- Financial planning clients last fiscal year
- 0
Momentum Advisors charges 0.50%–1.00% a year for its Investment Management Services. The fee is billed in arrears, is negotiable, has a $3,000 annual minimum and requires an account of at least $250,000. The brochure also prices 2 other services, listed under fee details.
Fee details and sources
Other fees
- Consulting Services
- Consulting is a fixed-rate engagement negotiated by scope; fees may often be around $1,000 per month.
- Standalone Financial Planning
- Financial planning on a standalone basis is billed separately as a fixed fee set by the scope and complexity of the engagement.
The Momentum Group Inc. owns 75% or more of Momentum Advisors. The leadership team of Momentum Advisors includes Chief Compliance Officer Hovig Melkonian. It has 10 employees, 7 of them in advisory roles.
Leadership
- Hovig MelkonianChief Compliance Officer
- Allan BoomerPartner
- Andrea GrayPartner
Kyle PittsInvestment Advisor Representative and Member (Partner)- William PlattManaging Partner
Investment adviser representatives
6 representatives listed in the SEC register as of 9 October 2026.
Staff
- 10 employees
- 7 in advisory functions
- 7 state-registered reps
- 5 insurance agents
- 2 soliciting firms
- Owns 75% or more of Momentum Advisors, LLC
The Momentum Group Inc.
Control person · since April 2013
- Owns 25% to 50% of Momentum Advisors, LLC
Allan Boomer
Control person · since March 2024
- Owns 25% to 50% of Momentum Advisors, LLC
William Platt
Control person · since March 2024
- Owns 10% to 25% of Momentum Advisors, LLC
Kyle Pitts
since March 2023
- Owns 5% to 10% of Momentum Advisors, LLC
Andrea Gray
Control person · since January 2026
Momentum Advisors’ regulatory assets grew from $283M (April 2021) to $415M (July 2026); clients rose from 240 to 370 and employees from 8 to 10.
Figures from each annual filing
| Filed | Regulatory AUM | Clients | Employees | Offices |
|---|---|---|---|---|
| July 2026 | $415M | 370 | 10 | 3 |
| April 2025 | $400M | 329 | 9 | 2 |
| March 2024 | $353M | 301 | 7 | 2 |
| July 2023 | $332M | 301 | 9 | 2 |
| April 2022 | $323M | 243 | 9 | 2 |
| April 2021 | $283M | 240 | 8 | 2 |
Besides its headquarters, Momentum Advisors has 2 offices, with 3 listed addresses in New Jersey and New York.
New York · 2 listed addresses
- 1120 Avenue of the Americas, 4th Floor, New YorkHQ
- 68 South Service Road, Melville
New Jersey · 1 listed address
- 220 Davidson Ave., Somerset
Contact and registration details
- Legal name
- Momentum Advisors, LLC
- Headquarters
- 1120 Avenue of the Americas, 4th Floor, New York, NY 10036
- Website
- momentum-advisors.com
- Phone
- 917-997-4297
- @momentum-advisors-llc
- SEC file
- 801-73092
- Founded
- 2012
- Structure
- New York LLC
- Fiscal year end
- December
Momentum Advisors uses Charles Schwab ($378M) as custodian for its separately managed accounts. Momentum Advisors has custody of $242M in client assets for 818 clients.
- Charles SchwabCharles Schwab & Co., Inc. · San Francisco, CA · $378M100%
At year end, Momentum Advisors’ separately managed accounts were largely in stocks (45%) and funds (38%).
What the accounts hold
- Stocks45%
- Exchange-traded equities42%
- Non-exchange-traded equities3%
- Funds38%
- Bonds8%
- U.S. government and agency bonds4%
- Investment grade corporate bonds4%
- Cash5%
- Other1%
- Variable annuities1%
Filed values cover 97%. The neutral 3% gap has no reported category.
How many clients does Momentum Advisors have?
Momentum Advisors has 370 clients and manages $415 million for them, as of July 2026. They include 220 individual clients, 134 high-net-worth individuals and 12 charitable organizations.
Source: Form ADV Part 1A, Items 5.D and 5.F, filed 17 July 2026
What services does Momentum Advisors offer?
Momentum Advisors provides financial planning, portfolio management for individuals and small businesses, portfolio management for pooled vehicles, portfolio management for institutions, pension consulting, selecting other managers, publishing newsletters, educational seminars, business succession planning, education planning, estate planning, and insurance.
Source: Form ADV Part 1A, Item 5.G, from the SEC's 2 October 2026 data file; Part 2A brochure, Item 4
How much does Momentum Advisors charge?
Momentum Advisors charges 0.50%–1.00% a year for its Investment Management Services. The fee is billed in arrears, is negotiable, has a $3,000 annual minimum and requires an account of at least $250,000.
Which custodians does Momentum Advisors use?
Momentum Advisors’ separately managed account assets are held at Charles Schwab & Co., Inc. (San Francisco, CA), with $378M. Only custodians holding at least a tenth of those assets are named.
Source: Form ADV Part 1A, Schedule D, Section 5.K.(3), filed 17 July 2026
How many financial advisors does Momentum Advisors have?
Momentum Advisors has 7 investment adviser representatives registered with state securities authorities, out of 10 employees, and 7 perform investment advisory functions. 0 employees are registered representatives of a broker-dealer and 5 employees are licensed insurance agents.
Source: Form ADV Part 1A, Items 5.A and 5.B, from the SEC's 2 October 2026 data file
What does Momentum Advisors invest in?
At the end of its last fiscal year, Momentum Advisors’ separately managed accounts held 42% exchange-traded equities, 38% pooled vehicles (private funds and similar), 5% cash and equivalents, 4% U.S. government and agency bonds, 4% investment grade corporate bonds, 3% non-exchange-traded equities and 1% other. The 1% other category is described as: Variable Annuities. It advises 1 private fund.
Source: Form ADV Part 1A, Items 5.K.(1) and 7.B, from the SEC's 2 October 2026 data file
Does Momentum Advisors have a minimum investment?
Yes, Momentum Advisors’ minimum account size for its Investment Management Services is $250K. It charges a $3K annual minimum fee.
Who owns Momentum Advisors?
Momentum Advisors’ direct owners are Allan Boomer (25% to 50%), William Platt (25% to 50%), the Momentum Group Inc. (75% or more), Kyle Pitts (10% to 25%) and Andrea Gray (5% to 10%).
Source: Form ADV Part 1A, Schedules A and B, filed 17 July 2026
How does Momentum Advisors get paid?
Momentum Advisors is paid through a percentage of assets under management, fixed fees and performance-based fees. Its Form ADV lists no commissions among how it is paid.
Source: Form ADV Part 1A, Item 5.E, from the SEC's 2 October 2026 data file
How do I contact Momentum Advisors?
Momentum Advisors’ main office is at 1120 Avenue of the Americas, 4th Floor, New York, NY 10036. Its phone number is 917-997-4297. Its website is momentum-advisors.com.