Momentum Independent Network Inc
Answer a few questions and
get matched with an advisor.
Learn more about Momentum Independent Network Inc
Overview
Momentum Independent Network Inc operates as an advisory company based in Dallas, Texas. Momentum Independent Network Inc administers $824.5 million in assets throughout 3,028 customer accounts, making it one of the larger investment advisory firms in the United States by assets under management (AUM). Momentum Independent Network Inc has a large group, including 140 financial advisors. Momentum Independent Network Inc does not act as a registered broker-dealer, signifying that it is not able to buy and sell securities for its own accounts as well as its clients' and instead is required to go through a broker-dealer company to do so. Securities are exchangable financial assets like bonds, stocks and options.
Momentum Independent Network Inc administers some of its accounts in a discretionary manner. Discretionary management signifies that an investment advisor has the discretion to make transaction judgments for the client's account without requiring the client's consent. The firm also oversees 2,374 non-discretionary accounts with a total of $660.9 million in assets. The firm supervises an average of $272,307 for each customer account. The typical advisor at Momentum Independent Network Inc administers about 22 client accounts, placing it among the more individualized financial advisor firms in the country.
The firm's headquarters is at 717 N. Harwood Street, Dallas, Texas 75201. The firm is registered to serve customers across 50 U.S. states and territories.
Assets Under Management
Number of Advisors
Disclosures
Office Location
Momentum Independent Network Inc by the Numbers
$824.5 million
140
3,028
$272.3 thousand
Products and Services
Momentum Independent Network Inc offers a number of services, which can include financial planning services, portfolio management for individuals and small businesses, selection of other advisers, publication of newsletters and educational seminars. In the last financial year, the firm provided financial planning services to 11-25 of its accounts. Momentum Independent Network Inc does sell products or offer services apart from investment advice to its clients. The company is also affiliated with one or more other companies in the financial services industry, including with a broker-dealer or securities dealer, banking or thrift institution, insurance company or agency and commodity pool advisor.
Core Advisor Services
-
Offered by 31% of firms
Financial Planning Services
This is the process of planning for your financial future, including for events such as retirement, your child's college education or estate succession.
-
Offered by 46% of firms
Portfolio Management
This is the selection and management of an investment mix and portfolio strategy for individuals and small businesses.
-
Find a firm that offers this service
Market Timing Services
This is the practice of attempting to make short-term profits on investments by buying low and selling high.
Other Services
-
Offered by 20% of firms
Selection of Other Advisors
This is the firm's assistance with choosing other advisors to work with who may have different specialties.
-
Offered by 3% of firms
Publication of Periodicals
This is the publication of various financial education materials.
-
Offered by 6% of firms
Educational Seminars/Workshops
This is the hosting of seminars or workshops to educate investors on financial concepts.
Fee Structure
A financial advisor's fees usually vary depending on which services are offered. Fee types billed by the company may include any combination of the following fee structures: asset-based, hourly, fixed or other. Wrap fee programs, or the practice of bundling services for a single fee, are provided by the company.
Available
-
Offered by 69% of firms
Percentage of Assets
-
Offered by 21% of firms
Hourly
-
Offered by 32% of firms
Fixed
-
Offered by 10% of firms
Other
Unavailable
-
Find one of the 1% of firms that offer this fee type
Commissions
-
Find one of the 26% of firms that offer this fee type
Performance-based
-
Find one of the 0% of firms that offer this fee type
Subscription
Types of Clients
Momentum Independent Network Inc does business with a broad range of clients. Momentum Independent Network Inc caters to retail investors, high net worth investors, pension plans, charitable organizations and corporations. Out of its 3,028 customers, Momentum Independent Network Inc's biggest client is retail investors, but it also caters to 174 high-net-worth individuals. The SEC defines a high-net-worth individual as an individual who has at least $750,000 under management or a net worth of more than $1.50 million or who is considered a "qualified purchaser" (a standard met by having at least $5 million in investments). Just 1% of the firm's customers are represented by people from outside of the U.S.
- High-Net-Worth Individuals* - 8.39%
- Other Individuals - 90.75%
- Corporations - 0.53%
- Charitable Organizations - 0.34%
* The U.S. Securities and Exchange Commission (SEC) defines a high-net-worth individual as someone who has at least $750,000 under management.
Find an advisor who will work directly with you
Sometimes a big firm may not be able to give you the one-on-one service that you need. That's where we come in to help match you with great personal financial advisors. Click here to find your advisor matches today.
Disclosures
Momentum Independent Network Inc does not have any disclosures.
Please visit its Form ADV for more details.
Find a financial advisor near you
If you're interested in working with an advisor closer to you, we can help you find one. Click here to find your advisor matches today.
Financial Advisors at Momentum Independent Network Inc
Salado, TX
Dallas, TX
Dallas, TX
Dallas, TX
Shreveport, LA
Dallas, TX
Dallas, TX
Ogden, UT
Winston Salem, NC
Not sure which advisor is right for you? Use our matching tool
Our matching tool simplifies the process of finding a financial advisor. To match you with top financial advisors nearby, we ask you a series of questions about your retirement plans, life status, investment goals and advisor preferences, which are all important topics to consider when choosing a financial advisor. Click here to find your advisor matches today
The content in this profile was updated by SmartAsset on 4/16/2023. All advisor details come from publicly available data, and we cannot guarantee the accuracy of the content. We are unable to make individual profile updates. If you want your profile removed temporarily or permanently, please contact profile-compliance@smartasset.com.
The named financial professional and firm have not reviewed, approved, or endorsed this profile and are not responsible for its accuracy. Profile content is produced by SmartAsset independently of any business relationships that might exist between SmartAsset and the named financial professional and firm. Financial professionals and firms having business relationships with SmartAsset receive no special treatment or consideration in SmartAsset’s profiles.
This profile may include a firm or advisor that has a business relationship with SmartAsset, in which SmartAsset is compensated for lead referrals. SmartAsset is not a client of the aforementioned firms or advisors. SmartAsset did not receive compensation for including any of the firms or advisors in the aforementioned profile.
This page contains links to SmartAsset’s financial advisor matching tool, which may or may not match you with the advisor or firm mentioned in this profile. The matching tool does not include all available advisors and firms and matches based on specific criteria (investable assets, geography, and willingness to work with a remote advisor).
Certified Financial Planner Board of Standards, Inc. (CFP Board) owns the certification marks CFP® and CERTIFIED FINANCIAL PLANNER™ in the United States, which it authorizes the use of by individuals who successfully complete CFP Board’s initial and ongoing certification requirements.