 |
 |
|
|
Advisor Services
1. Does Millennium Trust provide omnibus trading support?
Millennium Trust is acknowledged to be a specialist in supporting omnibus trading by RIA
firms and hedge funds. Master account trading allows the investment manager to make transactions at a macro-level for any number of clients, while delegating
the client custody allocation, recordkeeping, and tax reporting to Millennium Trust.
2. 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 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.
3. 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.
4. 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 charged to the client’s custody account on a
quarterly basis, but other options exist depending upon the Advisor’s requirements and their client’s expectations.
5. Can my clients obtain account information without paying
for periodic statements?
Yes. Custody clients (and Trust clients) can view their account activity and balances using
a Millennium service called Portfolio Online. The Advisor also has the capability, except they can view the activity and balances for all
of their clients’ accounts on a service known as Portfolio Online. In each case the service is available on a 24/7 basis.
 |
|
|
