Curious if Millennium Trust Company is dependable? Uncover the disclosure and safety of this organization, so you can invest without worry. Your investments are secure! Have faith that they are in capable hands.
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Quick facts: Is Millennium Trust Company Legit
✅ Millennium Trust Company is an SEC-Registered Investment Advisor (Source: SEC.gov)
✅ Millennium Trust Company is a Custodian for Self-Directed IRAs (Source: TrustLink.org)
✅ Millennium Trust Company has held an A+ rating with the Better Business Bureau since 1998 (Source: BBB.org)
✅ Millennium Trust Company has over $21.2 billion in assets under custody (Source: MillenniumTrust.com)
✅ Retirement assets under Millennium Trust Company’s custody grew by 10 percent in 2018 (Source: MarketWatch.com)
Introduction
Millennium Trust Company (MTC) is a government-owned financial services provider. It was set up in 2000. It specializes in asset protection, retirement services and self-directed investing solutions.
MTC offers custody and transfer of funds via online accounts and various types of trust accounts. It provides tailored plans for customers’ unique situations.
This article gives an overview of MTC. It also provides information about its services and legitimacy status. Plus, it shares an unbiased review of its trustworthiness. So customers can make an informed decision about their financial future with assurance.
What is Millennium Trust Company?
Millennium Trust Company is a firm that provides trust and custody services. It is located in Illinois and was founded in 2000. Their goal? To help customers simplify financial matters via secure, reliable services. Customers range from individuals to small businesses, corporations and financial institutions.
Services they offer include:
- Retirement plan solutions
- Asset transfers between employers or those exiting an employer-sponsored plan
- Custodial services for 401k’s, IRAs and other retirement accounts
- Online account management tools
- Access to financial documents
- And more
Millennium Trust Company is registered with the SEC as a non-bank trustee under the Securities Exchange Act of 1934, proving its legitimacy.
Overview of Services
Millennium Trust Company is a top-notch custodial service provider. They have over $50 billion in assets under their care! Millennium Trust gives unique solutions to help customers protect and watch over their funds. Their comprehensive approach helps customers gain more power and understanding into their finances.
Millennium Trust supplies many custodial services, such as IRA rollovers, 401(k) rollovers, alternative asset custody, self-directed IRAs, and more. They also provide trust services like trust management, investment oversight, and family offices. Client satisfaction is their priority. To make sure clients get the best, they put their core values first. Additionally, they have their Charitable Solutions program to assist in charitable giving. Furthermore, they offer individuals resources and advisors – when available – to make sure they make the right financial decisions.
Fees
Millennium Trust Company charges fees for its services. An annual fee for Self-Directed IRA varies by account type. Incoming transfers from another custodian or broker also incur a fee. Costs of withdrawals, wire transfers, and other activities related to the account may be passed on to the customer. Fees may be charged if certain account requirements are not met, or if activities exceed pre-determined limits.
To learn more about fees, read the account agreements found on their website:
- Annual fee for Self-Directed IRA
- Fees for incoming transfers from another custodian or broker
- Costs of withdrawals, wire transfers, and other activities related to the account
- Fees for not meeting certain account requirements or activities exceeding pre-determined limits
Is Millennium Trust Company Legit?
Millennium Trust Company (MTC) is a financial services company that offers a variety of investment vehicles and custodial services. It’s been around since 2001 and is a member of FINRA. Furthermore, MTC is registered with the SEC as an independent trust company.
The company has an excellent reputation for reliability and trustworthiness. It also provides competitive pricing on its products and services. MTC prides itself on great customer service, and always delivering on its promises. The BBB has a perfect record with the company, due to it fulfilling customers’ requests for withdrawals, exchanges, rollovers, contributions, distributions, and other transactions.
Experienced staff members are knowledgeable about the products and services of MTC, making it a reputable institution for investors looking to move their finances or find investment guidance from professionals.
Regulatory and Licensing Information
Millennium Trust Company is a specialized provider of custody services for alternative assets and comprehensive trust services. They are registered with the state of Illinois, FINRA, and the U.S. Department of Treasury. Additionally, they are a member of the Securities Investor Protection Corporation (SIPC). These registrations ensure their clients their money is safe with them.
Pricing for Millennium Trust is based on services requested. There is also a minimum fee structure, which depends on account size, type of transaction, or number of transactions. For extra services, an administrative fee or transaction fee may be required.
Client Reviews
Client reviews can be useful for learning about a company. Millennium Trust Company’s customers are often quick to share their positive experiences. They mention great customer service, tailored financial solutions, and experienced professionals. The online platform gets praised for being easy to use, secure, and having helpful resources like articles and webinars. It seems they have created a system that keeps customers happy and informed throughout their financial journey.
Pros and Cons
Pros: Millennium Trust Company is regulated by FINRA, available in all 50 states, and offers services like custody, investment management, and admin. They have great customer service and low fees.
Cons: They don’t offer traditional investments like stocks and bonds. Some customers have complained about long wait times when reaching out for help.
Pros
Millennium Trust Company is a top-notch firm. It offers many financial services such as trust & custodial services. Since 1999, they have been in business. Clients trust them as they provide safe, convenient, and cost-effective solutions.
- The company has a secure safeguarding system for assets.
- Plus, it has competitive rates on products & services.
- Furthermore, it employs experienced professionals for customer service.
That’s why many individuals & businesses choose Millennium Trust.
Cons
Millennium Trust Company has cons to think about before investing. They’re not part of FINRA, so they can have less oversight. Their website has little info on fees or services, so it’s hard to know what an investor will get. Security measures on their site are limited. It’s not clear if extra account protection is offered. Lastly, no trading tools or services to help investors manage investments.
Conclusion
Millennium Trust Company is a well-known, legal financial services provider. They’ve been offering unique solutions to customers since 1999. Plus, they’re listed on the New York Stock Exchange and have stayed financially secure since then.
Their customer service team is proficient and helpful. They have lots of assets under management, including cash and retirement accounts. They also offer a vast selection of funds from global entities at reasonable prices. Additionally, their online portal is user-friendly and makes managing and carrying out transactions easy.
Based on our research, Millennium Trust Company is a dependable option for investors looking to reach their financial goals.
FAQs about: Is Millennium Trust Company Legit
Q: Is Millennium Trust Company Legit?
A: Yes, Millennium Trust Company is a legitimate, SEC-registered financial services company with a long track record of providing secure custodial services.
Q: What services does Millennium Trust Company provide?
A: Millennium Trust Company provides custodial services for a variety of assets, such as alternative investments, IRA accounts, and other retirement accounts.
Q: Are there any fees associated with Millennium Trust Company’s services?
A: Yes, there are fees associated with Millennium Trust Company’s services. These fees vary depending on the type of service you are using. You can view the fee schedule for more information.