advisor services
1. What investment categories are supported by Millennium Trust?
All listed U.S. securities, including ADR’s, UIT's, and ETF's can be custodied at Millennium, in addition to mutual funds, futures, options, hedge funds and other alternative investments. Moreover, many of these securities can be combined to enhance performance, such as equity basket trading as an alternative or supplement to mutual fund investing.
2. Is client account aggregation possible with other custodians?
Yes. Client account data can be aggregated through data feeds to any data aggregator. This is typically accomplished by providing us with a data map of the required information.
3. What pricing and billing alternatives are available?
Millennium Trust’s charges are directly dependent on the actual services performed for the client. As opposed to a set fee schedule, every client relationship is independently priced in order to deliver the maximum level of service with the least cost. Investment Advisors and other asset managers have significant flexibility in how custody and other administrative costs are paid. In practice, many Advisors request that their fees and custody charges be debited from the client’s custody account on a quarterly basis, but other options exist depending upon the Advisor’s requirements and their client’s expectations.
4. Can my clients obtain account information without paying for periodic statements?
Yes. Custody clients can view their account activity and balances using an online account access service called Millennium Trust Online. The Advisor also has the capability, except they can view the activity and balances for all of their clients’ accounts using this same service. Millennium Trust Online is available 24/7.