About Schwab - Millennium Trust Company | Schwab - Millennium Trust Company
About Millennium Trust Company

Your Ally in Specialized Custody Solutions

Established in 2000, Millennium Trust began by focusing on unique custody solutions where no one else would or could. Today, we’re known for our ability to solve for the most complex custody requirements and craft new solutions for our clients.

Who We Are

Privately owned and independent, we are committed to the evolving needs of advisors, financial institutions, businesses and individual investors.

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Your Ally

At Millennium, we are both behind the scenes and by your side when it comes to custody. We invite you take a look at our company video so you can see and hear firsthand from our CEO how our team works to support you.

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Honors and Recognition

Our Promise

We empower our clients with unmatched service, secure and easy access and trusted expertise. We continually invest in technology, product innovation, and people, taking a best-practices approach toward safety, operational soundness and compliance with current regulations.

Regulated by State of Illinois

We are chartered by the State of Illinois to perform trustee and custody functions and are examined annually by the Illinois Department of Financial and Professional Regulation (IDFPR).

Audited

Annual audits are conducted by two independent auditors. Our financial statements are audited on an annual basis by an independent certified public accountant, in accordance with AICPA professional standards.

Controls

Systematic internal controls are employed to protect the quality and integrity of operations and provide a secure environment for the custody of client assets.

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Service Organization Controls (SOC) are a series of accounting standards that measure the control of financial information for a service organization. We employed a Big 4 accounting firm to provide an SSAE 16 (SOC 1) type 2 examination for the time period of October 1, 2017, through September 30, 2018.

Insurance Coverage

We carry Management Liability, Professional Liability, and Fidelity Bond coverage. This insurance does not relate to the safety of the investments chosen by our clients.

Business Continuity/Disaster Recovery

Our comprehensive disaster recovery plan utilizes business continuity services provided by SunGard Availability Services.

Privacy

Physical, electronic, and procedural safeguards are used to ensure the security of client records. To learn more, please view our privacy policy.

Who we work with

We've built lasting relationships with clients and institutions ranging from individual investors to independent financial advisors and Fortune 500 companies.

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