Millennium Trust Launches Trade Center and Enhances Digital Experience to Benefit Individual and Institutional Clients

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New Trade Center helps individuals easily invest in their IRA, while institutional clients benefit from superior digital integration

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The company continues to expand its suite of offerings that boost client confidence during a challenging economy

Millennium Trust Company, LLC (“Millennium Trust”), a leading provider of retirement and institutional services, leveraged digital technologies to improve the experience of both individual and institutional clients, and better support clients’ financial and business goals in the third quarter of 2020. The company continues to expand its suite of offerings that boost client confidence during a challenging economy. The firm also expanded its leadership team with the addition of Pete Welsh, Head of Retirement Services, who will build strategic partnerships and expand the firm’s menu of innovative solutions.

With a focus on delivering simple and intuitive digital experiences, Millennium Trust introduced the newly designed Trade Center within the MTC Investment Platform in the third quarter. The Trade Center allows users to easily invest in securities, such as stocks and mutual funds, while also holding alternative assets in their portfolios. For many of its clients, this reduces the need to transfer funds between multiple accounts, saving them both time and money. The Trade Center is also a significant benefit for automatic rollover clients, allowing them to easily invest their retirement funds in traditional assets, similar to how they did in their 401(k) plan. Investors also have access to an abundance of educational resources and tools on the platform, such as fund fact sheets and market data provided by Morningstar, Inc., as well as customizable watch lists, to help them make informed investment decisions.

Millennium Trust also introduced a new service portal for Fund Custody clients, providing additional security and efficiencies in supporting Fund Custody operations. Both client feedback and adoption has been strong since rolling it out earlier in the third quarter. Additionally, the firm launched an enhanced integration through API technology with Fundrise, an investment platform that allows investors to diversify into institutional-quality real estate. This new functionality provides a streamlined and seamless experience where Fundrise clients can open, fund and purchase shares in REITs that invest in real estate assets through a Millennium Trust self-directed IRA. The firm also expanded relationships with retirement providers and employers to offer Emergency Savings Funds to employees through payroll integration.

CEO Gary Anetsberger commented, “Investors are attuned to their finances now more than ever, and demand greater access to easy-to-use tools and control over their financial wellbeing. As economic uncertainty continues into the next year, we are committed to equipping all of our clients with the tools, resources and unparalleled experience that allow them to take on challenges and reach their investment or business goals.”

Millennium Trust also announced Pete Welsh joined the firm as Head of Retirement Services in September. In this role, Welsh will continue to maintain one of the strongest client-focused teams in the industry, build and grow strategic partnerships, and expand the firm’s menu of innovative solutions.

Millennium Trust ended the third quarter of 2020 with $30.3 billion of assets under custody in more than 1.7 million client accounts. Of that total, the firm’s institutional custody business closed out the quarter with $12.6 billion of fund assets under custody.

The company was named a “Top Service Provider” finalist in the 2020 LendIt Fintech Industry Awards, reflecting its strong commitment to clients and deep expertise. Millennium Trust was also recognized on the Crain’s Chicago Business Fast 50 list as the #24 fastest growing private company in the Chicago area, as well as Inc. Magazine’s Inc. 5000 list as the #1,873 fastest growing private company in the United States.

To learn more, visit http://www.mtrustcompany.com.

About Millennium Trust Company®

Millennium Trust Company is a leading provider of specialized retirement and institutional custody services with more than 1.7 million accounts holding over $30 billion of assets under custody. We are committed to the evolving needs of individuals, employers, advisors and retirement services partners and empower clients with trusted expertise, exceptional service and access to a wide range of solutions. Whether clients are managing corporate retirement assets, running a business or wanting choice beyond traditional asset options, we provide flexible and digital solutions 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 offer or sell investments or provide investment, legal, or tax advice. For more information about Millennium Trust Company, follow us on Twitter and LinkedIn.

Millennium Trust Company® and Above and Beyond Custody® are registered trademarks of Millennium Trust Company, LLC in the United States.

© 2020 Millennium Trust Company, LLC. All rights reserved.

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Trish DaCosta

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