Is Millennium Trust Company Legit?

The Millennium Trust Company is a custodial and investment firm that offers self-directed IRA custody services. They also provide specialized options like cryptocurrency custody and real estate IRAs.

Their Chief Compliance Officer, Jenifer Abernathy has worked at the firm for over two decades and started in 2007. She is a qualified and trained attorney.

Services

Millennium Trust Company offers a variety of services for individual investors and institutions and advisors. The company’s offerings include self-directed IRAs, Solo 401(k), Simple & SEP IRAs, custodial accounts and institutional trust services.

Millennium trust also serves as a custodian of alternative assets like gold silver and real estate. Its team has over two decades of experience working as a custodian for these types of assets.

The company also has an online platform that helps investors manage their IRAs. It allows users to view account balances across investment allocations, download statements and tax forms, and review transactional histories.

The company’s website is easy to use and has plenty of information on IRAs, the management team, and board members. It also provides customer reviews, which can give you an idea of the experience of other customers.

Fees

Millennium Trust Company is an IRA custodian that offers retirement accounts for individuals and businesses. They specialize in rollover and self-directed IRAs, and their custodial team manages financial transactions, record keeping and reporting to the IRS.

They offer four different types of IRA accounts: simple, SEP, Roth, and traditional. In addition, they allow investors to register limited liability and corporate America companies.

IRAs are great ways to save for retirement, but they’re also vulnerable to market volatility and taxation. That’s why it’s important to choose the right IRA company for you.

MTC charges a $50 account establishment fee and a $100 annual fee for alternative/traditional assets. They also charge investment custody fees.

Investment custody fees are a common fee in IRA businesses, and they’re typically charged annually or quarterly. They’re often based on the number of assets you have in your account, or they can be a commission or percentage of the value of your account each year.

Customer service

Millennium Trust Company legit provides a variety of financial services to clients. The company is regulated by the FDIC and SEC and has multiple security measures to protect client funds.

In addition, Millennium Trust offers 24-hour customer service with knowledgeable advisors available to assist customers with their financial needs. It also has a transparent fee structure and an experienced management team.

Millennium Trust is a custodian bank that offers custody solutions for IRA rollovers, alternative assets, and private funds. It recently acquired PayFlex, a provider of consumer-directed benefits solutions, to enhance its retirement industry leadership and create a holistic approach to financial wellness.

Website

Millennium Trust Company is a custodial and administrative services provider that serves individuals, advisors, and institutions. Its services include custody of alternative assets and investment accounts.

Its website offers various resources to help investors understand their financial goals and how to achieve them. They also provide access to a variety of investment options, including stocks, bonds, mutual funds, and ETFs.

MTC is a trustworthy institution that is regulated by the FDIC and SEC, and it has a variety of security measures in place to protect customer information and accounts. However, it may not be suitable for all types of investors.

The company is based in Illinois and has a physical office where customers can speak with industry-known management professionals. It encourages customers to book appointments if they have problems online.

The Millennium Trust Company website is clean and easy to navigate. Its content is informative and provides answers to common questions about the IRA and other financial products. It also features a calculator that shows how much you can save by setting up automatic rollovers with the company.