Alternative Asset Custody

EXPAND BEYOND THE TRADITIONAL

Millennium Trust provides solutions that help you access a full range of assets and meet the diverse needs of today's investors.

Discover MAIN™

Looking for an easier way to custody your Alternative Assets? The Millennium Alternative Investment Network™ (MAIN™) is the place to start.

Access MAINDownload Investor fact sheet

Work with an Experienced Partner

Investors have increasingly come to view alternative assets as a necessary ingredient to creating a diversified portfolio. We bring over 15 years of experience and a thorough understanding of the complexities involved in the custody process to every relationship. Our technology-enabled solutions help you focus on your clients and address the growing demand for alternatives.

Why MTC

Explore our Custody Solutions

We pride ourselves in being experts in custody and work to continually improve the client experience by providing access, simplified processes, reporting, and much more.

Learn more about custody solutions

Working with the Best

We work as an extension of your business, so you can be more resourceful and responsive.

We work with:
    • Institutions
    • Advisors
    • Fund Manager/Issuers
    • Marketplace Lenders
    • Investment Platforms

Meet the ASG team

What types of assets do you custody?

While many financial institutions custody stocks, bonds, and mutual funds, we are one of the few independent trust companies that custody both alternative and traditional assets.

What is private equity/debt?

Investors may wish to provide capital to private businesses. The investor may become a company owner (equity investor) or a company creditor (debt investor), depending on how the agreement is structured. The funding provided may help start a new business, provide an existing firm with additional capital, finance the acquisition of a company, or something else entirely. In general, private equity/debt is less liquid than public equity/debt.

Private Equity
Investments are most often made by investing in a pooled investment vehicle that invests in private companies (Private Equity Funds) or through direct purchase of private company stock.

Private Debt
Investments are most often made indirectly by investing in a pooled investment vehicle (or fund) that invests in loans or other debt instruments, or directly by lending. Included in these types of investments are secured and unsecured Promissory Notes and Mortgage/Deeds of Trust.

Millennium Trust does not recommend any particular investment or asset category. Investors are urged to speak with a tax or investment advisor before investing.

How to start investing
Step 1: Submit Assessment Docs

In order for Millennium Trust to custody an Alternative Investment, we must first perform an Operational Assessment to determine that the investment is administratively feasible for Millennium Trust and to ensure proper custody. Millennium does not evaluate or perform due diligence on any investment or investment sponsor for third parties.

Documents required for the private equity/debt assets vary by investment type. Download the Operational Assessment (OA) reference sheet to view the list of required Millennium Trust forms and additional documents.
Download OA Fact Sheet

You can save valuable time and resources by using the new online OA form. This secure portal provides a centralized location for an investment sponsor, advisor or individual investor to work collaboratively in submitting the required documents.

Begin the online OA process by submitting basic investment information. If you are an individual investor or advisor, there is an option to send the investment or fund sponsor instructions to complete the online Private Placement Certification (PPC) as part of the OA process. If you are investing in private debt with no investment sponsor, you can download the required documents below and upload your investment documents during your online submission.

Once all the information has been completed and we have received all the necessary documentation, it will take up to 5 business days for us to determine whether Millennium is able to custody the asset.
Access Online OA Form

 

For Private Debt assets only:
Download Prom Note Servicing Agrmt Download Mrtg/Deed of Trust Servicing Agrmt
 

 

Step 2: Open and fund an account

All new accounts must go through a 7-day revocation period before an investment can be made. If you have an existing account with Millennium Trust and you want to custody the asset in the same account, proceed to step 3.

You can set up a client account by completing our online account application, which is accessible through MAP. If you’re a new advisor to Millennium and need access to MAP or if a paper version is needed, please contact your Regional Director.

  • For transfers-in-kind, you must submit a copy of your most recent statement from the current custodian reflecting the asset.
  • For rollovers-in-kind, you must submit Millennium's 60-Day Asset Rollover Request along with stated required documentation.

Access Online Acct Application

Step 3: Submit Investment Docs

In order for Millennium Trust to process a transaction for an account, specific documentation is required.

Documents required for the private equity/debt assets vary by investment type. Download the Alternative Asset Transactions reference sheet to view the list of required Millennium Trust forms and additional documents.
Download Alt Asset Trans Fact Sheet

Once you have completed and signed Millennium Trust’s purchase direction form, gather any additional documentation and send to us for processing.
Download Private Placement Purchase Direction

 

For Private Debt assets only:
Download Prom Note Servicing Agrmt Download Mrtg/Deed of Trust Servicing Agrmt
 

How long will it take?

Private Placement Investing Timeline

Private Placement Investing Timeline

Sponsor: Submit Operational Assessment 2-5 Business Days

Complete MTC's Private Placement Certification form and submit to MTC along with copies of the Offering Memorandum and Subscription Agreement for MTC's Operational Assessment.

Note: Draft copies of offering memorandums will not be accepted.

Investor: Account Setup 1-2 Business Days
  • Complete IRA Adoption Agreement and Transfer or Rollover form.
  • Sign where indicated.
  • Include a copy of a recent statement from your current custodian or retirement plan.
  • Mail to MTC for processing. (Faxes or photocopies are not accepted.)
Investor: Account Funding 2-4 Weeks
  • Transfer: Custodian-to-custodian transfer can take 2-4 weeks.
  • Rollover from a previous employer's plan can take 5-10 business days.
  • Annual contribution may be made by personal check.

Note:

  • Clearing time on checks is 5 business days from deposit.
  • Investments requested during 7-day revocation period must have additional client approval.
Investor: Making the Investment 2-3 Business Days
  • Review the Investment Documents, complete the Subscription Agreement and MTC's Private Placement Purchase Direction.
  • Submit all documents to MTC for processing.
  • Upon receipt of documents in good order and once funds are cleared and available, investment will be placed within 1 business day.
  • Hedge Funds

    What is a hedge fund?

    A hedge fund is a type of private fund that pools investor assets to pursue a specific investment strategy (such as long-short equity, market neutral, or relative value). Typically, the objective of a hedge fund is to generate absolute returns i.e. limit market risk while seeking to generate positive returns in all market conditions.

    Millennium Trust does not recommend any particular investment or asset category. Investors are urged to speak with a tax or investment advisor before investing.

    How to start investing
    Step 1: Submit Assessment Docs

    In order for Millennium Trust to custody an Alternative Investment, we must first perform an Operational Assessment to determine that the investment is administratively feasible for Millennium Trust and to ensure proper custody. Millennium does not evaluate or perform due diligence on any investment or investment sponsor for third parties.

    Documents required for alternative assets vary by investment type. Download the Operational Assessment (OA) reference sheet to view the list of required Millennium Trust forms and additional documents.
    Download OA Fact Sheet

    You can save valuable time and resources by using the new online OA form. This secure portal provides a centralized location for an investment sponsor, advisor or individual investor to work collaboratively in submitting the required documents.

    Begin the online OA process by submitting basic investment information. If you are an individual investor or advisor, there is an option to send the investment or fund sponsor instructions to complete the online Private Placement Certification (PPC) as part of the OA process.

    Once all the information has been completed and we have received all the necessary documentation, it will take up to 5 business days for us to determine whether Millennium is able to custody the asset.
    Access Online OA Form

    Step 2: Open and fund an account

    All new accounts must go through a 7-day revocation period before an investment can be made. If you have an existing account with Millennium Trust and you want to custody the asset in the same account, proceed to step 3.

    You can set up a client account by completing our online account application, which is accessible through MAP. If you’re a new advisor to Millennium and need access to MAP or if a paper version is needed, please contact your Regional Director.

    • For transfers-in-kind, you must submit a copy of your most recent statement from the current custodian reflecting the asset.
    • For rollovers-in-kind, you must submit Millennium's 60-Day Asset Rollover Request along with stated required documentation.

    Access Online Acct Application

    Step 3: Submit Investment Docs

    In order for Millennium Trust to process a transaction for an account, specific documentation is required. Once you have completed and signed Millennium Trust’s purchase direction form, gather any additional documentation and send to us for processing.
    Download Private Placement Purchase Direction

    ✓ Completed and signed Subscription Document
    ✓ Check/Wire instructions signed by client - if funds are not going directly to investment

    How long will this take?

    Hedge Fund Investing Timeline

    Sponsor: Submit Operational Assessment 2-5 Business Days Complete MTC's Private Placement Certification form and submit to MTC along with copies of the Offering Memorandum and Subscription Agreement for MTC's Operational Assessment.
    Note: Draft copies of offering memorandums will not be accepted.
    Investor: Account Setup 1-2 Business Days
    • Complete IRA Adoption Agreement and Transfer or Rollover form.
    • Sign where indicated.
    • Include a copy of a recent statement from your current custodian or retirement plan.
    • Mail to MTC for processing. (Faxes or photocopies are not accepted.)
    Investor: Account Funding 2-4 Weeks
    • Transfer: Custodian-to-custodian transfer can take 2-4 weeks.
    • Rollover from a previous employer's plan can take 5-10 business days.
    • Annual contribution may be made by personal check.

    Note:

    • Clearing time on checks is 5 business days from deposit.
    • Investments requested during 7-day revocation period must have additional client approval.
    Investor: Making the Investment 2-3 Business Days
    • Review the Investment Documents, complete the Subscription Agreement and MTC's Private Placement Purchase Direction.
    • Submit all documents to MTC for processing.
    • Upon receipt of documents in good order and once funds are cleared and available, investment will be placed within 1 business day.
  • Private Equity / Debt

    What is private equity/debt?

    Investors may wish to provide capital to private businesses. The investor may become a company owner (equity investor) or a company creditor (debt investor), depending on how the agreement is structured. The funding provided may help start a new business, provide an existing firm with additional capital, finance the acquisition of a company, or something else entirely. In general, private equity/debt is less liquid than public equity/debt.

    Private Equity
    Investments are most often made by investing in a pooled investment vehicle that invests in private companies (Private Equity Funds) or through direct purchase of private company stock.

    Private Debt
    Investments are most often made indirectly by investing in a pooled investment vehicle (or fund) that invests in loans or other debt instruments, or directly by lending. Included in these types of investments are secured and unsecured Promissory Notes and Mortgage/Deeds of Trust.

    Millennium Trust does not recommend any particular investment or asset category. Investors are urged to speak with a tax or investment advisor before investing.

    How to start investing
    Step 1: Submit Assessment Docs

    In order for Millennium Trust to custody an Alternative Investment, we must first perform an Operational Assessment to determine that the investment is administratively feasible for Millennium Trust and to ensure proper custody. Millennium does not evaluate or perform due diligence on any investment or investment sponsor for third parties.

    Documents required for the private equity/debt assets vary by investment type. Download the Operational Assessment (OA) reference sheet to view the list of required Millennium Trust forms and additional documents.
    Download OA Fact Sheet

    You can save valuable time and resources by using the new online OA form. This secure portal provides a centralized location for an investment sponsor, advisor or individual investor to work collaboratively in submitting the required documents.

    Begin the online OA process by submitting basic investment information. If you are an individual investor or advisor, there is an option to send the investment or fund sponsor instructions to complete the online Private Placement Certification (PPC) as part of the OA process. If you are investing in private debt with no investment sponsor, you can download the required documents below and upload your investment documents during your online submission.

    Once all the information has been completed and we have received all the necessary documentation, it will take up to 5 business days for us to determine whether Millennium is able to custody the asset.
    Access Online OA Form

     

    For Private Debt assets only:
    Download Prom Note Servicing Agrmt Download Mrtg/Deed of Trust Servicing Agrmt
     

     

    Step 2: Open and fund an account

    All new accounts must go through a 7-day revocation period before an investment can be made. If you have an existing account with Millennium Trust and you want to custody the asset in the same account, proceed to step 3.

    You can set up a client account by completing our online account application, which is accessible through MAP. If you’re a new advisor to Millennium and need access to MAP or if a paper version is needed, please contact your Regional Director.

    • For transfers-in-kind, you must submit a copy of your most recent statement from the current custodian reflecting the asset.
    • For rollovers-in-kind, you must submit Millennium's 60-Day Asset Rollover Request along with stated required documentation.

    Access Online Acct Application

    Step 3: Submit Investment Docs

    In order for Millennium Trust to process a transaction for an account, specific documentation is required.

    Documents required for the private equity/debt assets vary by investment type. Download the Alternative Asset Transactions reference sheet to view the list of required Millennium Trust forms and additional documents.
    Download Alt Asset Trans Fact Sheet

    Once you have completed and signed Millennium Trust’s purchase direction form, gather any additional documentation and send to us for processing.
    Download Private Placement Purchase Direction

     

    For Private Debt assets only:
    Download Prom Note Servicing Agrmt Download Mrtg/Deed of Trust Servicing Agrmt
     

    How long will it take?

    Private Placement Investing Timeline

    Sponsor: Submit Operational Assessment 2-5 Business Days

    Complete MTC's Private Placement Certification form and submit to MTC along with copies of the Offering Memorandum and Subscription Agreement for MTC's Operational Assessment.

    Note: Draft copies of offering memorandums will not be accepted.

    Investor: Account Setup 1-2 Business Days
    • Complete IRA Adoption Agreement and Transfer or Rollover form.
    • Sign where indicated.
    • Include a copy of a recent statement from your current custodian or retirement plan.
    • Mail to MTC for processing. (Faxes or photocopies are not accepted.)
    Investor: Account Funding 2-4 Weeks
    • Transfer: Custodian-to-custodian transfer can take 2-4 weeks.
    • Rollover from a previous employer's plan can take 5-10 business days.
    • Annual contribution may be made by personal check.

    Note:

    • Clearing time on checks is 5 business days from deposit.
    • Investments requested during 7-day revocation period must have additional client approval.
    Investor: Making the Investment 2-3 Business Days
    • Review the Investment Documents, complete the Subscription Agreement and MTC's Private Placement Purchase Direction.
    • Submit all documents to MTC for processing.
    • Upon receipt of documents in good order and once funds are cleared and available, investment will be placed within 1 business day.
  • Real Estate / Real Assets

    What are real assets?

    Real assets include land, buildings, machines, commodities, and other tangible goods. Like many alternative investments, real assets tend to have a low correlation to traditional investments. Real assets tend to be less liquid that than publicly traded investments.

    Real Estate
    There are many ways to own real estate. An investor could purchase a rental property, join a real estate investment group, or buy shares of a real estate investment trust. Investors may choose to invest in multifamily, office, industrial, retail, hotels, healthcare, or other types of commercial real estate.

    Precious Metals
    Most investors are familiar with precious metals, such as gold, silver, palladium, platinum, etc. However, many don’t realize that while you can gain exposure to precious metals through stocks, exchange-traded funds, mutual funds, futures and options markets, it is also possible to hold certain physical precious metals, like bullion bars, within an IRA. Please go to our Forms library to download the appropriate precious metals investment forms.

    Millennium Trust does not recommend any particular investment, asset category or dealer. Investors are urged to conduct their own due diligence and speak with a tax or investment advisor before investing IRA funds.

    How to invest in Real Estate
    Step 1: Open and fund an account

    All new accounts must go through a 7-day revocation period before an investment can be made. If you have an existing account with Millennium Trust and you want to custody the asset in the same account, proceed to step 2.

    You can set up a client account by completing our online account application, which is accessible through MAP. If you’re a new advisor to Millennium and need access to MAP or if a paper version is needed, please contact your Regional Director.

    • For transfers-in-kind, you must submit a copy of your most recent statement from the current custodian reflecting the asset.
    • For rollovers-in-kind, you must submit Millennium's 60-Day Asset Rollover Request along with stated required documentation.

    Access Online Acct Application

     

    Note: For Real Estate rollovers-in-kind, a formal appraisal from the state-certified appraiser must be submitted. Refer to our Real Estate Valuation form for further details. For deed registration, refer to our Real Estate Investment Direction.
    Download RE Valuation Download RE Investment Direction

     

    Step 2: Make an offer to purchase

    The offer should be made in the name of your Millennium Trust account. Refer to Millennium's Real Estate Investment Direction for instructions. Millennium will sign on the buyer's line on behalf of your account. Copies of the document must be signed by the account holder as "Read & Agreed" on the last page and initialed on all other pages.

    Personal funds cannot be used for the deposit or earnest money. All expenses related to the investment must come from your Millennium account.

    Note: We do not allow for investing in foreign Real Estate.

    Step 3: Submit Assessment Docs

    In order for Millennium Trust to custody an Alternative Investment, we must first perform an Operational Assessment to determine that the investment is administratively feasible for Millennium Trust and to ensure proper custody. Millennium does not evaluate or perform due diligence on any investment or investment sponsor for third parties.

    Gather the documents listed below and either mail to the address indicated, fax to 630.472.5969 or e-mail to RealEstateAdmin@mtrustcompany.com. This step takes up to 5 business days once we receive all the necessary documents unless an Expedited Service fee is paid for 2-day processing.
    Download Real Estate Investment Direction
    (Indicate amount of earnest money to be sent)
    Download Real Property Servicing Agreement

    ✓ Purchase Contract* - Not to be executed by Account Owner
    ✓ Copy of Current Tax Bill
    ✓ Legal Description of Property*
    ✓ Check/Wire Instructions for Investment
    ✓ Mortgaged Property - All Lender Documents* (if applicable)

    You will be notified once the Operational Assessment has been completed. If acceptable, earnest funds will be released from your Millennium account. You may then proceed with the steps required for Closing.

    * Copies of all documents must be signed by the account holder as "Read & Agreed" on the last page and initialed on all other pages.

    Step 4: Closing Process

    Before closing, the following documents must be submitted to Millennium for review and processing:

    ✓ New Real Estate Investment Direction indicating the amount of Final Closing Costs
    ✓ Settlement Statement*
    ✓ Commitment for Title*
    ✓ Any miscellaneous closing documents*
    ✓ All exhibits and/or addendums
    ✓ Mortgaged Property - original note and all Lender documents* (if applicable)

    Once all documents are submitted and found to be acceptable, Millennium will notify you so that you may schedule the closing. Once scheduled, notify Millennium of the date. Millennium will submit the Final Closing Costs the day of the closing.

    * Copies of all documents must be signed by the account holder as "Read & Agreed" on the last page and initialed on all other pages.

    Step 5: Ongoing Requirements

    The following items are required and can be ongoing even after the closing is complete on the real estate property:

    ✓ The recorded deed must be sent to Millennium for safekeeping.
    ✓ Ongoing expenses and rental income, if applicable, must flow through your Millennium account.
    ✓ For Income Producing Properties a copy to the current Lease or Property Management Agreement must be provided.
    ✓ Any changes in current renters or Property Managers must be communicated to Millennium.
    ✓ Annual Valuations must be supplied to Millennium for all real estate.
    ✓ A Comparative Market Analysis (CMA) will be required.

    How long will it take?

    Real Estate Investing Timeline

    Do the Math 1-2 Business Days Calculate total cost of ownership. Include property price, taxes, closing costs and ongoing expenses related to the real estate investment.
    Note: All expenses must be paid from the Millennium account.
    Account Setup 1-2 Business Days
    • Complete a Millennium Adoption Agreement and Transfer or Rollover form.
    • Sign where indicated.
    • Include a copy of a recent statement from your current custodian or retirement plan.
    • Mail to Millennium for processing. (Faxes or photocopies are not accepted.)
    Account Funding 1-4 Weeks
    • Transfer: Custodian-to-custodian transfer can take 2-4 weeks.
    • Rollover from a previous employer's plan can take 5-10 business days.
    • Annual contribution may be made by personal check.

    Note:

    • Clearing time on checks is 5 business days from deposit.
    • Investments requested during 7-day revocation period must have additional client approval.
    Locate Property & Make Offer Days to Months
    • Make offer to Purchase
    • Operational Assessment must be performed by Millennium to determine that the investment is administratively feasible. Assessment takes 2-5 business days.

    Note: Foreign Real Estate is not allowed.

    Non-recourse Loan Processing 30-45 Days
    • Consider the non-recourse lender's requirements and timeline.
    • Review IRS 598, Unrelated Business Income Tax (UBIT) relating to Unrelated Debt Financed Income (UDFI) with your tax professional.
    Earnest Funds/Closing 30-45 Days
    • Release of funds will be submitted upon the account being funded, all forms/documents in good order & completion of Millennium's Operational Assessment.
    • Millennium as Custodian, will execute the contract on behalf of account and submit funds to escrow agent.
    • Recorded Deed is held in custody by Millennium.
    • All ongoing expenses and rental income must flow through the Millennium account.
  • Commodities / Futures

    What are commodities and commodities futures?

    As a general rule soft commodities are grown (corn, soybeans, wheat) and hard commodities are mined or manufactured (aluminum, copper, natural gas). Investors typically invest in commodities via commodities futures contracts, which give them the right to buy or sell an amount of a commodity at a specific price on a specified future date. Some buy commodities futures to make the cost of doing business more predictable i.e. as a hedge (farmers, airlines); others seek to profit from their commodities trades.

    Millennium Trust is not a Futures Commission Merchant or an Introducing Brokerage Firm and does not hold futures positions or the associated funds to margin, guarantee, secure or settle such positions in any IRA. Millennium Trust does not take or place futures trade orders.

    How to start investing
    Step 1: Select FCM and/or IB

    Once you select your Futures Commission Merchant (FCM) and/or introducing brokerage firm, you must determine whether or not Millennium has an existing FCM Agreement with them. Click the link below to view a list of FCMs that we currently have agreements with or e-mail FCMSupport@mtrustcompany.com.
    Download List of FCMs

    If an FCM Agreement is not in place, the FCM you have selected will need to contact Millennium to process the request.

    Step 2: Complete FCM Docs

    Contact your introducing broker or FCM to obtain the documents required to open a new trading account.

    Step 3: Open and fund an account

    You can set up a client account by completing our online account application, which is accessible through MAP. If you’re a new advisor to Millennium and need access to MAP or if a paper version is needed, please contact your Regional Director.

    For transfers-in-kind you must submit an IRA-to-IRA Account Transfer Authorization or a Qualified Plan Direct Rollover Authorization form with a copy of your most recent statement from the current custodian reflecting the asset (it must be within the last three months).
    Access Online Acct Application

    How long will this take?

    Futures Investing Timeline

    Broker Initial Setup & IRA Establishment Process 1-2 Business Days Broker
    • Broker supplies client with necessary MTC and FCM documents to open an account trading in futures or foreign currency.
    • Client completes submits documents to FCM.
    • FCM or the broker forwards documents to MTC along with any other applicable documentation.
    • MTC Futures Client Service executes as custodian, FCM account application and documentation, then forwards to FCM.
    • The FCM opens the trading account and faxes/e-mails confirmation to MTC Futures Client Service.

    MTC

    • MTC reviews MTC forms for completeness.
    • MTC establishes the account and notifies the client via a welcome letter.
    • MTC initiates contact with any previous custodian to transfer assets as applicable.

    Note: Investments requested during the seven (7) calendar day IRA revocation period must have additional client approval.

    Transfer/Rollover Follow-up 5 Business Days If funds are not received, MTC follows up:
    • Account Transfers and IRA Rollovers/ Rollovers from Qualified Plans no less than five (5) business days after processing.

    Note: To expedite the transfer process, we encourage you to liquidate assets prior to submitting the Transfer Form or Qualified Plan Direct Rollover Authorization Form and check with your previous custodian to determine if a Medallion Signature Guarantee is required to transfer funds.

    IRA & Futures/Forex Account Funding 1-2 Business Days Funds are received from the transferring custodian and posted to the MTC account.
    • Funds received by wire are available for investment upon receipt.
    • Funds received by check are available for investment five (5) business days from deposit.

    Funds received without identifying paperwork can cause delays.

    • MTC transfers funds to the new trading account according to client’s direction.
    • FCM notifies the broker that funds are available for trading.
  • Marketplace Loans

    What are marketplace loans?

    Through online credit marketplaces, individuals can lend money to a variety of borrowers for any number of reasons, including credit card refinancing, small business growth, education or real estate. In return, the borrower agrees to pay the loan back, with interest, over a specified period of time. Investors typically invest in multiple loans in order to diversify their loan portfolios and attempt to mitigate default risks. For more information on how to invest, please contact us.

    Millennium Trust does not recommend any particular investment or asset category. Investors are urged to speak with a tax or investment advisor before investing.
    Contact us

  • Traditional Assets

    What are traditional investments?

    Traditional investments are typically publicly traded assets and include stocks, bonds, mutual funds, CDs and exchange traded funds.

    Millennium Trust does not recommend any particular investment or asset category. Investors are urged to speak with a tax or investment advisor before investing.

    How to start investing
    Step 1: Open and fund an account

    All new accounts must go through a 7-day revocation period before an investment can be made. If you have an existing account with Millennium Trust and you want to custody the asset in the same account, proceed to step 2.

    You can set up a client account by completing our online account application, which is accessible through MAP. If you’re a new advisor to Millennium and need access to MAP or if a paper version is needed, please contact your Regional Director.

    • For transfers-in-kind, you must submit a copy of your most recent statement from the current custodian reflecting the asset.
    • For rollovers-in-kind, you must submit Millennium's 60-Day Asset Rollover Request along with stated required documentation.

    Access Online Acct Application

    Step 2: Set up online access

    To trade online, you must have access to Millennium Trust Online and have requested trading access. If you do not currently have online or trading access and would like to add it, complete a web access request found in our Forms library.
    Forms Library

    Step 3: Direct Investments

    Millennium Trust offers two ways for account holders to trade Stocks, Mutual Funds, and Exchange Traded Funds (ETFs) – online and by phone.

    • You can trade online during market hours: 8:30 a.m. – 3:00 p.m. CT, Monday through Friday except for stock market holidays.
    • To place a trade via phone, please call 1.800.258.7878, option 7 during normal trading hours.

    Bonds and CDs can only be traded via phone.

Custody Fees

We offer simplified pricing for alternative asset custody. To open an account, a one-time establishment fee is typically charged. Depending on the account type and assets held, annual account fees apply for the ongoing custody of the assets. For full details, please contact your Regional Director. 

Contact us