Morningstar - Q4 2020 - 87

the firm's reach to international clients.
Sylvia Alston, who is Black, joined Momentum
Risk Management as its managing partner
in August.
As the firm expanded, Boomer assembled
investment options to allow his clients to put their
assets with money managers that have
minority or women ownership. For minority-owned
options, Momentum's equities lineup includes
Impact Shares NAACP Minority Empowerment ETF
NACP, which tracks the Morningstar Minority
Empowerment Index. Other options include funds
from Brown Capital Management, Ariel
Investments, and Edgar Lomax. For separate
accounts and fixed income, he's a fan of Earnest
Partners. Infinity Q can be used for liquid
alternative strategies.
Picking from this lineup, clients have plenty
of good options, including Brown Capital
Management Small Company BCSIX, which has
a Morningstar Analyst Rating of Gold, and
Infinity Q Diversified Alpha Investor IQDAX, rated
5 stars. The Impact Shares NAACP Minority
Empowerment ETF is not rated by Morningstar's
analysts, and it doesn't have a Morningstar Rating,
or star rating, because it doesn't yet have
a three-year track record. The fund has gotten off
to a good start, though: For the trailing one
year through Sept. 30, the fund's return lands in
the fifth percentile of the large-blend category.

Allan Boomer, founder, managing partner, chief
investment officer, Momentum Advisors.
How he caught our eye: Runs a diverse firm that
matches clients' money with their mission.
Career path: Obtained bachelor's degree at Morgan
State University. Worked at Merrill Lynch after
college, then got an MBA at New York University's
Stern School of Business. He then worked as
an advisor at Goldman Sachs Group before joining
Fiduciary Management Group in 2010. He set out on
his own in 2012, forming Momentum Advisors.

then sold it later to a younger brother, keeping the
house in the family. Cohosts The Momentum
Advisors radio show on SiriusXM, during which he
discusses personal financial, entrepreneurship,
and how to build successful legacies for oneself and
one's community. The show airs at 11 a.m.
and 7 p.m. Eastern time, Sundays, on Urban View
(channel 126).
Favorite Funds: Impact Shares NAACP Minority
Empowerment ETF NACP, Brown Capital Management
Small Company BCSIX, Infinity Q Diversified Alpha
Investor IQDAX.

It's more proof that diversity pays off.
"My belief is, you'll find talented people in every
country of every race and every gender,"
Boomer says. "Financial services has historically
not made opportunity equally distributed,
and there's a large group of people who have been
skipped over. If you skip over systematically
a group of people, you're also missing out on a big
part of the talent pool." K
Charles Keenan is a freelance financial journalist.
Photography by Chester Higgins.

Personal: Married, with three kids, ages 11, 13, and 15.
He bought the house he grew up in from his parents,

morningstar.com/lp/magazine

87


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Morningstar - Q4 2020

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Morningstar - Q4 2020 - CT1
Morningstar - Q4 2020 - CT2
Morningstar - Q4 2020 - Cover1
Morningstar - Q4 2020 - Cover2
Morningstar - Q4 2020 - 1
Morningstar - Q4 2020 - 2
Morningstar - Q4 2020 - Contents
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