At its most basic, we hold assets in an account on behalf of the owner. The account owner (or their authorized agent) is responsible for directing all investment/account activity. At their direction, we purchase/sell assets, as well as transfer or distribute assets from the account. As part of our role as custodian we also provide required account statements and tax reporting. For additional information, please refer to the Retirement Income Trust Association (RITA) document, Understanding the Role of a Directed IRA Custodian.
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Most Popular Questions
What do you do as custodian?
What is a self-directed IRA?
A self-directed IRA is just like other Individual Retirement Accounts in that it provides a way for individuals to save for retirement in a tax-deferred account. The term "self-directed" became popular because the account owner has the freedom to invest in a wide range of investment options, including both alternative and traditional assets.
What is an alternative investment?
An alternative investment is any asset that is not publicly traded. Examples of alternative investments include: hedge funds, private equity or debt, real estate and precious metals, among others.
What investments can I hold in an account at Millennium?
You can hold both traditional investments and alternative assets such as hedge funds, private debt/equity, real estate/real assets, futures, and much more.
How did Millennium Trust prepare for COVID-19?
View our Novel Coronavirus (COVID-19) Preparedness Statement for frequently asked questions (FAQs) about actions we are taking and plans we have in place during the COVID-19 outbreak.
What people are saying about us
We continually strive to deliver a superior experience for all. We invite you to read our clients' most recent ratings and reviews gathered directly from Trustpilot.
Where we are
Millennium Trust is located 18 miles west of downtown Chicago at 2001 Spring Road, Oak Brook, IL. The reception to our offices is located on the 7th Floor. The facility includes 24-hour security features, including surveillance cameras.
Corporate Headquarters & Mailing Address:
Millennium Trust Company
2001 Spring Road, Suite 700
Oak Brook, IL 60523