Millennium Trust sees assets under custody rise 11 February 2019Chicago Reporter: Jenna Lomax
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Millennium Trust Company (Millennium Trust) ended last year with $26.6 billion assets under custody in almost 1.2 million accounts—the latter of which is up 50 percent from 2017.
The firm said it strives to continue to expand its product offerings, while also continuing to cultivate a strong culture among its employees.
Last year, Millennium Trust acquired a portfolio of approximately 160,000 individual retirement accounts from The Bancorp Bank.
According to Millennium Trust, this acquisition reinforced Millennium Trust’s position as a service provider of automatic rollover solutions, helping to reconnect missing participants with their retirement savings.
The firm also enhanced the Millennium Alternative Investment Network, a network that increases access to alternative investment platforms, last year with new educational tools and resources, as well as new investment platforms, including Gold Bullion International, KBS and CrowdStreet.
Gary Anetsberger, CEO of Millennium Trust, said: “In recent years our business has experienced tremendous growth, and we are excited to continue on this trajectory in 2019.”
He added: “As we look ahead, we will continue to invest in our people, technology and service capabilities to go above and beyond in providing high-quality retirement services and institutional custody solutions to our clients.”
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