OAK BROOK, Ill., June 24, 2021 /PRNewswire-PRWeb/ -- Millennium Trust Company, LLC ("Millennium Trust" or "the Company"), a leading provider of retirement and institutional services, has been recognized by Crain's Chicago Business on the 2021 Crain's Fast 50 list as one of Chicago's fastest-growing companies for the fourth consecutive year. From starting as a specialized IRA custodian in 2000 to becoming a leader in the industry and expanding its offerings to a suite of institutional and financial wellness solutions, Millennium Trust has proven to be a key partner to its institutional and individual clients.
"To be recognized for a fourth consecutive year, and as the only retirement and institutional custody services company this year, is really exciting and rewarding for us," said Gary Anetsberger, CEO. "During challenging times and times of rapid change, we're proud to have been able to adapt and continue to take day-to-day worries off our institutional clients' plates, as well as engage and support our individual clients in their holistic financial wellbeing."
Millennium Trust earned the 32nd spot on this year's Crain's Fast 50 list, which recognizes companies in the Chicago metro area that have achieved impressive revenue gains over a five-year period. The list reflects Chicago's diverse range of industries, most with a technology focus.
"Having only recently joined the Company, I've had to jump in and quickly learn the culture and have immediately recognized why it is able to produce this kind of success," said Karyn DeFalco, Chief Human Resources Officer. "Millennium Trust's core values and vision truly bring everyone together and cultivate a collaborative environment where each team member has the tools needed to deepen client relationships through adaptive creativity. We're empowered to move quickly to solve for our clients' needs."
Millennium Trust has produced an average of greater than 35% annualized revenue growth since 2016. With the help of its evolving team and technology, the Company continues to work toward its goal of being the go-to resource for a variety of institutional solutions – from retirement plan solutions to investment and fund custody – to not only solve clients' business needs, but also help them better service their clients or employees. For individual clients, Millennium Trust provides choice in how they want to invest, with options ranging from stocks, mutual funds and ETFs to alternative assets, such as private equity, hedge funds and real estate, as well as the tools and resources to help them on their retirement journey.
Alongside revenue growth, the Company has grown its client and partner list, product portfolio and talent. Over the years, Millennium Trust has built strong relationships with over 140,000 plan sponsors in order to provide former participants with solutions that support their retirement journey, from when they enter the workforce to when they reach retirement. The Company has also seen record levels of growth in its institutional custody services and self-directed IRA businesses.
The Company recently launched its Emergency Savings Fund solution for employers to offer as a workplace benefit, which can increase employee productivity and engagement by reducing financial stress, while helping employers attract and retain talent. Millennium Trust also continues to build out an enhanced client experience through the MTC Investment Platform and other service portals.
The Company's Crain's Fast 50 recognition is a reflection of the hard work and output of a rapidly growing team dedicated to providing trusted expertise, exceptional service and access to solutions that help clients accomplish their business and investment goals. Millennium Trust's workforce has grown by one-third in the last three years. The Company offers a suite of health insurance options, as well as 401(k) match, student debt repayment assistance, pet insurance and other wellness perks.
About Millennium Trust Company®
For more than 20 years, Millennium Trust Company has been a trusted provider of specialized retirement and institutional custody services with over $33 billion of assets under custody. We began by focusing on building unique solutions where no one else would or could. As our industry has evolved and the competitive landscape has changed, Millennium Trust has grown, too.
Today, we're known for our ability to help employers, advisors and institutions solve complex business problems – while ensuring individual investors are empowered with tools and resources to be successful on their retirement journey.
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 offer or sell investments or provide investment, legal, or tax advice. For more information about Millennium Trust Company, follow us on Twitter and LinkedIn.
Media Contact
Colleen Kopeika, Millennium Trust Company, +1 (708) 712-4361, [email protected]
SOURCE Millennium Trust Company
Share this article