Investment Options
Taking charge of personal retirement savings is made simple with a self directed IRA custodied with Millennium Trust. Our self directed IRAs allow you to take advantage of alternative and traditional investment opportunities and put you in charge of the investment decisions.
ALTERNATIVE INVESTMENTS
In the past, diversification meant a combination of stocks, bonds, mutual funds and cash; but today’s sophisticated investors are expanding their strategies beyond these traditional asset classes to include alternative investments, such as:
While many financial institutions can handle stocks, bonds and mutual funds, Millennium Trust is able to go far beyond the standard menu. We are one of the few independent trust companies that specialize in the custody of alternative assets in addition to traditional investments. We offer strong expertise and knowledge in this growing asset class. Working with Millennium Trust gives investors the widest range of asset options.
TRADITIONAL INVESTMENTS
In addition to a wide array of alternative assets, Millennium Trust also custodies traditional investments, including:
These investments are typically more liquid because they are traded on the major exchanges and are valued daily. Millennium Trust performs the duties of a custodian and, as such, does not provide investment advice or sell investments, nor offer any tax or legal advice.
To invest in a traditional asset, you may place your trade through our online tool, Millennium Trust Online. If you do not already have access, please complete and return the Web Access Request Form (IRA-027). You may also contact us at 800.258.7878 to speak with a client service representative.
Cash Investment Program
Millennium Trust offers a cash-investment program for investment of idle cash up to $1,000,000 using FDIC-insured, interest-bearing bank demand accounts at four unaffiliated banks.
In the event that funds are received by Millennium Trust for which there is no investment direction, MTC will invest such cash as follows. The first $250,000 of uninvested funds will be held in an FDIC-insured bank account with Bank A. As cash balances grow, balances above $250,000 will also be held in an FDIC-insured bank account with Bank B. As cash exceeds $500,000, funds will also be held in an FDIC-insured bank account at Bank C. Once cash exceeds $750,000, funds will be held in four separate FDIC-insured bank account at Banks A, B, C and D. [See Figure 1.]
Balances over $1,000,000 in IRA accounts will be held in the Federated Government Obligations Fund – Trust Shares. Investors should carefully consider the investment objectives, risks, charges, and expenses of mutual funds before investing. As with other money market mutual funds, the Fund’s yield will fluctuate and the Fund is not FDIC insured and may lose value. Please review the Fund’s prospectus which provides details of this and other important information available from Millennium Trust. IRA investors may also obtain current information by viewing the Fund’s Fact Sheet.
When distributions are taken or investments purchased, funds will be withdrawn in the reverse order of their deposit.
Investor funds deposited in this account are insured up to $250,000 by the FDIC in each Cash Investment Program participating bank; however, clients with other IRAs or retirement accounts at Cash Investment Program participating banks should go to www.fdic.gov for additional information on the amount of FDIC insurance coverage available.