Tom Povedano is responsible for day-to-day operations of all of Momentum’s operating companies and investments—corporate structure, finance, investments, insurance, cybersecurity, estate planning, and more.
Tom’s quarter-century of experience brings Momentum an advanced understanding of operational best practices, both strategic and tactical, and considerable expertise in adapting these to the varying needs of a wide range of established and new organizations. He began his career as a business manager at Capital One Financial, developing and launching domestic and international enterprises. In 2004 he joined Capital One colleagues in founding the highly successful reverse mortgage lender Live Well Financial. He subsequently moved to insurance carrier Genworth Financial, first as Business Development Leader and then as COO of Genworth’s new life-settlement venture Institutional Life Services. When ILS was acquired by insurance broker/consultant NFP Tom was appointed COO of their Individual Client Group, from which he was recruited to Momentum.
Tom holds a B.A. degree from James Madison University and an MBA from the University of Richmond’s Robins School of Business.