Momentum Independent Network Inc

CRD#17587
Investment Advisor Firm

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Learn more about Momentum Independent Network Inc

  • Overview
  • By the Numbers
  • Products and Services
  • Fee Structure
  • Types of Clients
  • Disclosures
  • State Registrations
  • Office Locations
  • Firm Advisors

    • 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

    $824.5 million

    Number of Advisors

    140

    Disclosures

    No

    Office Location

    717 N. Harwood Street
    Dallas, TX 75201

    Momentum Independent Network Inc by the Numbers

    Total Assets Under Management

    $824.5 million

    National Average: $8.6 billion
    Total Number of Employees

    140

    National Average: 64
    Total Number of Accounts

    3,028

    National Average: 375,227
    Average Account Size

    $272.3 thousand

    National Average: $23.0 thousand
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    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.

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    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

      Show Explanation

      This fee, which is the most common fee type charged by advisors for portfolio management, is based on the amount of assets you have under management. Also referred to as an asset-based fee, this fee typically ranges from 0.50%-2.00% of AUM annually. You'll typically pay a lower rate the more assets you have under management.

    • Offered by 21% of firms

      Hourly

      Show Explanation

      Like a lawyer, a financial advisor may charge you by the hour. This can be helpful if you are only looking for short-term or one-time advice. Rates typically range from $100-$300 per hour, depending on the complexity and level of services needed.

    • Offered by 32% of firms

      Fixed

      Show Explanation

      Fixed fees are a one-time, lump sum charged for a specific service, like the creation of a financial plan without subsequent implementation. This can be useful if you only need advice for one specific purpose, rather than a long-term advisor. Fixed fees usually range from $1,000 to $3,000.

    • Offered by 10% of firms

      Other

      Show Explanation

      Firms can sometimes charge customers using non-traditional fee structures. See this firm's Form ADV for more details.

    Unavailable

    • Find one of the 1% of firms that offer this fee type

      Commissions

      Show Explanation

      Occasionally, advisors earn commissions from selling financial products, such as securities or insurance policies, or making certain referrals or transactions. Advisors who earn commissions may be incentivized to make certain recommendations to clients in order to make a commission. Fee-only advisors do not earn commissions, while fee-based advisors may.

    • Find one of the 26% of firms that offer this fee type

      Performance-based

      Show Explanation

      Advisors only earn performance-based fees if a portfolio outperforms a defined benchmark. This fee may be calculated in a number of ways but most commonly is charged as a percentage of investment profits. Performance-based fees may incentivize advisors to make riskier decisions in order to generate higher returns.

    • Find one of the 0% of firms that offer this fee type

      Subscription

      Show Explanation

      Firms generally charge this fee for educational materials provided, such as a monthly magazine. This can be useful if you want to learn about investing or financial management on your own.

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    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.

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    Disclosures

    Momentum Independent Network Inc does not have any disclosures.

    Please visit its Form ADV for more details.

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    Financial Advisors at Momentum Independent Network Inc

    Troy Smith
    Salado, TX
    Vincent Dobransky
    Dallas, TX
    Thomas Kirby
    Henrico, VA
    Wesley Bangs
    Dallas, TX
    Kevin Speas
    Winston Salem, NC
    John Wilburn
    Shreveport, LA
    James Beck
    Delray Beach, FL
    Allen Stansfield
    Ogden, UT
    Mathew Schweifler
    Santa Rosa, CA

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