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Is Millennium Trust Company Legit? Get the Facts Before You Invest!


Is Millennium Trust Company Legit? Get the Facts Before You Invest!

Think of investing with Millennium Trust Company? Get the facts first! Need to know if it’s legit? And, does it have what you require? Read this article to make the right choice for your finances. Get the facts now!

Quick facts: Is Millennium Trust Company Legit

✅ Millennium Trust Company has been managing clients’ assets since 2000, providing safe, secure and innovative services (Investopedia).

✅ Millennium Trust Company is a self-directed IRA custodian approved by the IRS (The Balance).

✅ Millennium Trust Company offers over 10,000 investments, including real estate, private placements, and more (Yahoo Finance).

✅ Millennium Trust Company is registered with the Securities and Exchange Commission (SEC) (Millennium Trust Company).

✅ Millennial Trust Company is an A-rated firm according to the Better Business Bureau (BBB) (Millennium Trust Company).


Millennium Trust Company is a financial services provider. They specialize in custody solutions, retirement plans, and wealth services. Established in 2000, Millennium Trust Company has become one of the biggest independent trust companies in the USA.

They offer a wide selection of services, from self-directed IRAs to retirement plan administration and custom accounts. Also, they provide third-party custody for mutual funds, stocks, ETFs, and other securities.

For those who seek an alternative to traditional investment options, with more control over their portfolios, Millennium Trust Company may be a good choice. But is it legit?

In this article, we’ll look at the background of Millennium Trust Company, what they offer, how they compare to other providers in the industry and answer some common questions investors have about investing with Millennium Trust Company. We’ll also provide some facts to consider before investing with them:

Overview of Millennium Trust Company

Millennium Trust Company is an independent Trustee and Custodian that was established in 2000. It offers many services, such as retirement accounts, self-directed brokerage accounts, real estate financing and asset transfers. Millennium has earned numerous awards for its great customer service and compliance record. Moreover, it is a SIPC member. Its website states that it has an A+ rating from the BBB.

Millennium Trust is registered with the US SEC as a non-bank custodian, regulated by FINRA. It also holds contracts with prominent banks, such as Bank of America and Wells Fargo. Aside from custodial services for retirement accounts and investment portfolios, it also offers trust administration and real estate escrow services.


Millennium Trust Company is a reputable financial services provider. It has been handling investments since 2001. The company is registered with the Securities and Exchange Commission (SEC). It is also certified as a Qualified Custodian by Financial Industry Regulatory Authority (FINRA) and is a member of the Securities Investor Protection Corporation (SIPC). This implies assets of clients are guaranteed up to $500,000.

The firm has knowledgeable advisors who can offer personalized guidance depending on the financial goals of customers. It provides access to conventional investments such as stocks, bonds, mutual funds and exchange-traded funds. Alternative options like real estate investment trusts (REITs) are also available. It has collaborated with top asset managers in the industry and provides comprehensive retirement planning services. This is to assist clients to realize their long-term objectives.

Regulation and Licensing

Millennium Trust Company is a Non-Depository Trust Company (NDTC). It has been providing secure, reliable services since 2000. It is regulated by the Illinois Department of Financial and Professional Regulation (IDFPR), the United States Securities and Exchange Commission (SEC) and FINRA/SIPC.

Millennium Trust can provide services in all U.S. states except South Dakota. This state does not require a trust company license. All assets in the company are safeguarded by Securities Investor Protection Corporation (SIPC).

Millennium Trust is devoted to giving its clients transparency, accountability and regulatory oversight. To keep client funds secure, Millennium Trust employs independent auditors. These auditors review the company’s financial statements, internal controls, policies, procedures, operations, books of records and internal controls regularly.

Security and Insurance

Millennium Trust Company is trusted as a legitimate investment firm because of its security and insurance. It is regulated by FINRA, one of the largest independent regulators in the U.S. SIPC insurance protects client assets up to $500,000 and keeps them out of bankruptcy proceedings. Additionally, there is excess SIPC insurance for accounts with balances over $500,000.

To protect customer data, Millennium Trust Company uses advanced technology.

Client Reviews

Reviews from clients are awesome for deciding whether an online company is reliable. On, customers can give reviews about their experience. To guarantee accuracy, an outside third-party reads these reviews before they are posted.

By reading customer reviews on, it’s easy to understand how dependable and trustworthy it is. This helps potential clients make wise decisions about using this service. They feel safe knowing their money is secure with Millennium Trust Company services. With a wide range of customer feedback, clients can get a good sense of the service quality from and Millennium Trust Company.


Millennium Trust Company offers many services for investors, trustees, and individuals, such as retirement accounts, trust services, estate planning, and more. With Millennium Trust, you can access traditional investments such as stocks, bonds, mutual funds and ETFs. Plus, explore new options like private equity and real estate.

Get advice from specialized advisors and investing strategies tailored to you. Plus, your investments will always be secure. Millennium Trust’s secure online platform ensures privacy, safety, and peace of mind.

Investment Options

Millennium Trust Company offers lots of investment options. Stocks, bonds, mutual funds, ETFs – you can find the right fit for your financial goals. They also offer self-directed IRA accounts with alternative investments like gold, real estate, cryptocurrency and more. Portfolio analysis and retirement planning tools are free. 24/7 customer service is available with knowledgeable staff to help.

Millennium Trust Company gives customers reliable services when it comes to investing their money.

Custodial Services

Millennium Trust Company is a secure custodial service for investors. It offers a platform to buy, sell, hold and grow investments. This includes IRA’s, self-directed 401(k)’s, UTMA accounts, and other alternative investments. It is registered with the SEC, holds FINRA membership, and is subject to federal and state banking regulations.

The company provides many customizable services, like online access and paperless document management. It also assists in transferring existing accounts from other custodians. Plus, it offers guidance on tax reporting requirements.

Retirement Accounts

Retirement accounts are a must-have for when you choose Millennium Trust Company as your provider. Traditional IRAs, Roth IRAs, SEP IRAs, and Rollover IRAs are all available. They have different qualifications and tax benefits.

Millennium Trust Company secures retirement account services with FDIC insurance (up to $250K). They give customers helpful financial education material and support. Researching the facts is key before investing with them.


Introduction-Is Millennium Trust Company Legit? Get the Facts Before You Invest!

Millennium Trust Company charges fees for various services. These can include account service fees, and miscellaneous fees. Customers must pay a fee when they open, transfer, or close an account. Account service fees include annual maintenance, market value adjustment, and extra withdrawal and transfer fees.

Moreover, customers may be charged for stop payments, paper statements, and any other additional services. It’s worth noting that no fee is charged for investing in mutual funds and ETFs, unless you seek advice from a financial advisor. Self-directed IRA accounts have no set-up or annual maintenance fees, provided the average balance is kept at $2,000.

Many investors have found Millennium Trust Company to be reliable, judging by their positive customer reviews online.

Account Fees

Millennium Trust Company offers Step Banking, a unique account feature. It allows you to have several accounts with different fees and different deposit levels. You only pay for what you need! The fees are based on the balance of each account. So, if your balance is high in one, you’ll pay less than if it’s low in another.

Step Banking provides investors with access to services like asset custody, tax management, and retirement planning. Plus, it has a user-friendly online experience with real-time performance reporting.

Investment Fees

When you invest with Millennium Trust Company, the fees vary according to the asset. For instance, when you invest in stocks, ETFs or mutual funds, you will typically pay a commission or trading fee. This fee is apart from any account maintenance fees that relate to your investment account. Some accounts have no maintenance fees, but others have an annual fee of up to a few hundred dollars.

In addition to these charges, you might also pay extra for services such as portfolio management or tax-loss harvesting. When you choose an investment provider, it is essential to consider all costs related to your investments. This helps you make the right decision and reach your goals.

Other Fees

Rategenius is a fee-based rate comparison platform. It lets users compare and examine investment rates all at once. It’s user-friendly and provides an objective, thorough resource for anyone wanting to learn more about investments and different types of accounts.

Millennium Trust Company could charge extra fees, depending on the account you open. These fees might include admin fees, closing costs, trust setup fees, and more. Additional taxes may also occur, depending on the account.

So, ask about all potential fees connected with opening a new account before deciding on any option. This way, you can make an informed decision about your investment options.

Pros and Cons

Millennium Trust Company aids investors with their retirement planning. Pros & Cons come with any investment, so think it through!

  • Pros include: reasonable fees, great customer service, secure databases, knowledgeable staff & access to stocks, bonds & mutual funds.
  • Cons include: no financial advice & limited educational resources.

In conclusion, Millennium Trust Company is trustworthy and designed to simplify investing. Before investing, consider all risks and make a decision that best fits your needs!


Investing with Millennium Trust Company has many pros. For example:

  • Diversity of Investment Options: You can pick from a variety of investments, like stocks, bonds, annuities, options, mutual funds, and ETFs. Plus, the company provides advice for diversified portfolios.
  • Low Fees: The fees are lower than usual in the industry.
  • Professional Support: The customer service team answers questions and provides educational materials and advice. This helps customers make informed decisions about their investments.


Millennium Trust Company is a legitimate custodian but has some drawbacks. For smaller IRA accounts, there is a yearly fee of $50, which can be high for those just starting out. The fees vary according to the account size and type of asset.

Moreover, they only offer custodial services. They don’t provide wealth management services such as financial planning or portfolio management. So, if you need guidance or advice when making investment decisions, you must find another provider.


Yes, Millennium Trust Company is a well-respected trust company. It has been successful and had happy customers for 25 years. Plus, they follow all state and federal rules. Every year, an independent accountant looks over their books. All investments are also protected by SIPC. So, if you’re looking for someone to look after your retirement funds or other investments, Millennium Trust Company is a great choice.

FAQs about: Is Millennium Trust Company Legit

Question 1: Is Millennium Trust Company Legit?

Answer: Yes, Millennium Trust Company is a legitimate financial services provider. They offer a variety of custodial services to individuals, families and businesses. They are regulated by the SEC and FINRA, so they are a safe and secure option for financial services.

Question 2: What services does Millennium Trust Company offer?

Answer: Millennium Trust Company offers a variety of custodial services such as retirement accounts, investment accounts, individual accounts, trust accounts, and more. They also offer services such as financial planning, asset management, and philanthropic services.

Question 3: Does Millennium Trust Company charge fees?

Answer: Yes, Millennium Trust Company does charge fees for their services. The fees vary depending on the type of service and the amount of money being managed. You can find out more about their fees by visiting their website.