Millennium Trust sees strong growth in Q3 12 November 2018Illinois Reporter: Maddie Saghir
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Millennium Trust Company, LLC (Millennium Trust), has seen growth of $25.7 billion in assets under custody for Q3 this year.
The company’s custody services closed out Q3 with more than $13.8 billion in fund assets under custody in more than 450 private and public funds, Millennium Trust announced.
According to Millennium Trust, 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.
Additionally, the custody services team has continued to enhance the Millennium Alternative Investment Network (MAIN) and has expanded its offerings with new real estate platforms, CrowdStreet and KBS.
Gary Anetsberger, CEO of Millennium Trust, commented: “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.”
“We have continued to go above and beyond to be an ally in our clients’ journey to retirement readiness.”
Terry Dunne, managing director of retirement services, said: “From reconnecting missing participants with their accounts to creating affordable retirement solutions, Millennium has positioned itself as a leader in the retirement industry.”
“We are continuously creating innovative solutions, like workplace savings solutions for small businesses and their employees, to make retirement savings accessible for more Americans.”
Tom Daley, managing director of institutional custody service, noted: “Adding CrowdStreet and KBS to MAIN provides investors increased access to the institutional quality real estate through a simple, streamlined process.”
He added: “Our technology-enabled solutions have allowed us to expand investment opportunities and address the growing demand for alternatives.”
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