Millennium Trust Company® Announces Quarterly Results, Continued Growth
Leading provider of retirement and institutional custody services to advisors, financial institutions, businesses and individuals earn a spot on the Inc. 5000 2018 list of the fastest growing private companies in America.
OAK BROOK, Ill., Nov. 09, 2018 /PRNewswire-PRWeb/ -- Millennium Trust Company, LLC ("Millennium Trust"), a leading provider of retirement and institutional custody services to advisors, financial institutions, businesses and individuals, reported strong performance in the third quarter of 2018 and growth to $25.7 Billion in assets under custody. The firm was recognized for its growth by Inc. magazine, earning a spot on the Inc. 5000 2018 list of the fastest growing private companies in America.
"Throughout the quarter and over the years, we have seen growth on both sides of our business due to our employees' collaborative efforts and commitment to service," said Gary Anetsberger, CEO of Millennium Trust. "We have continued to go above and beyond to be an ally in our clients' journey to retirement readiness."
In July, Millennium Trust announced an agreement with Bancorp to acquire approximately 160,000 automatic rollover IRAs. Millennium now has more than 1,000,000 retirement accounts and 88,000 plan sponsor agreements.
"From reconnecting missing participants with their accounts to creating affordable retirement solutions, Millennium has positioned itself as a leader in the retirement industry," said Terry Dunne, Managing Director of Retirement Services. "We are continuously creating innovative solutions, like Workplace Savings Solutions for small businesses and their employees, to make retirement savings accessible for more Americans."
Custody Services closed out the third quarter with more than $13.8 Billion in fund assets under custody in more than 450 private and public funds. The team demonstrated its leadership in delivering custody solutions for alternatives, with almost 15,000 unique alternative assets under custody at the end of the quarter. The team recently re-aligned its sales team to build strong relationships and better serve clients, which has contributed to the team's overall success.
The Custody Services team continues to enhance the Millennium Alternative Investment Network® (MAIN®) and has expanded its offerings with new real estate platforms, CrowdStreet and KBS.
"Adding CrowdStreet and KBS to MAIN provides investors increased access to institutional quality real estate through a simple, streamlined process," said Tom Daley, Managing Director of Institutional Custody Services. "Our technology-enabled solutions have allowed us to expand investment opportunities and address the growing demand for alternatives."
The accomplishments in the third quarter of 2018 are examples of Millennium Trust's strong commitment to collaboration and growth, exceptional service and support, and trusted expertise.
About Millennium Trust Company®
Millennium Trust Company is a trusted leader in specialized retirement and institutional custody services, empowering clients with unmatched service, access to a wide range of custody solutions and expertise they can count on. Whether it's the custody of alternative assets, investment accounts or retirement funds, Millennium Trust is uniquely qualified to support our clients' success.
Millennium Trust Company performs the duties of a directed custodian, and as such does not provide due diligence to third parties on prospective investments, platforms, sponsors or service providers and does not sell investments or provide investment, legal, or tax advice. For more information about Millennium Trust Company, visit mtrustcompany.com, or follow on Twitter and LinkedIn.
SOURCE Millennium Trust Company
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