About Us | Schwab - Millennium Trust Company
About Us


Who We Are

Millennium Trust Company solves important business challenges through innovative financial wellness solutions that help people plan, save and invest. With more than 5 million clients holding over $56 billion in assets under custody, we are committed to using our decades of expertise and strong partnership with the financial community to empower employers, advisors and institutions to help people achieve short-term and long-term financial security.

Millennium Trust Fast Facts
Diversified set of employees working on a project

Inclusion And Diversity In The Workplace

We strive to be a company for everyone. Like the clients and institutions we serve, we come from all over the world. We are proud of our culture and the values that we live by - because when you create a workplace where all employees can thrive, everyone benefits.

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Honors And Recognition

Feel Secure

Regulated by State of Illinois

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


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


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, 2019, through September 30, 2020.

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.


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

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