Custody Services

INVEST IN NEW OPPORTUNITIES WITH CONFIDENCE

We offer custody solutions for a wide range of asset choices. People work with us to take advantage of growing investor demand for customized solutions and access to alternatives, including private funds.

Custody Services

Our specialized custody solutions complement other investment services, helping you serve a broader range of investor needs and making it easier for you to do what you do best. 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.

Custody Services Benefits

Working with the Best

We pride ourselves on exceptional service – collaborating with you to find the right solution.

We work with:

  • Fund Managers/Issuers
  • Institutions
  • Advisors
  • Marketplace Lenders
  • Investment Platforms
Meet the team

Our Custody Solutions

Fund Custody

Whether launching a new fund and planning to raise capital or operating an established fund with significant assets under management, we help private funds and organizations meet custody requirements and investor demand for transparency. Our services include:

  • Dedicated account managers that handle day-to-day custody and account maintenance responsibilities
  • Quarterly statements delivered to all investment participants
  • Processing new investment purchases as directed, accepting new funds from participants, monitoring/recording all account activity, and delivering data to portfolio managers

Learn more about Fund Custody

Investor Custody

It is important to work with a company that specializes in and has the experience to administer a wide range of alternative assets as well as many different account types. As custodian, you can rely on Millennium Trust for the following:

  • Establish and maintain individual client accounts
  • Facilitate investment transactions as directed
  • Track and report all investment activity in the account
  • Accurate and timely recordkeeping on the account
  • Process annual tax documents, like IRS Forms 1099s and 5498s

Accounts Types Custody Process

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 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.
Learn about the process for investing

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

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.
Learn about the process for investing

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

What are real assets?

Real assets include land, buildings, precious metals 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 than publicly traded investments.

Real Estate
There are many ways to own real estate. You can purchase a property directly, invest in an entity purchasing real estate, purchase a real estate investment trust (REIT), or mortgage.

  • If buying property directly, please follow the instructions by clicking here or on the "Learn about the process for investing" button below.
  • If buying into an entity such as an LP or LLC purchasing real estate or REIT, please click here.
  • If purchasing a mortgage, please click here.

Learn about the process for investing

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.

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.
Learn about the process for investing

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.

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.
Learn about the process for investing

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

What are traditional investments?

Traditional investments are typically publicly traded assets and include stocks, bonds, mutual funds, CDs and exchange traded funds.
Learn about the process for investing

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

  • 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.
    Learn about the process for investing

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

  • 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.
    Learn about the process for investing

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

  • Real Estate / Real Assets

    What are real assets?

    Real assets include land, buildings, precious metals 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 than publicly traded investments.

    Real Estate
    There are many ways to own real estate. You can purchase a property directly, invest in an entity purchasing real estate, purchase a real estate investment trust (REIT), or mortgage.

    • If buying property directly, please follow the instructions by clicking here or on the "Learn about the process for investing" button below.
    • If buying into an entity such as an LP or LLC purchasing real estate or REIT, please click here.
    • If purchasing a mortgage, please click here.

    Learn about the process for investing

    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.

  • 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.
    Learn about the process for investing

    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.

  • 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.
    Learn about the process for investing

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

  • Traditional Assets

    What are traditional investments?

    Traditional investments are typically publicly traded assets and include stocks, bonds, mutual funds, CDs and exchange traded funds.
    Learn about the process for investing

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

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