OAK BROOK, IL – June 16, 2022 – Millennium Trust Company, LLC (“Millennium Trust”) was recognized for the fifth consecutive year as one of the fastest-growing companies in the Chicago area by Crain’s Chicago Business, ranking #43 on the publication’s annual list.
“This achievement is only possible due to our commitment to innovation and collaboration in delivering solutions to our clients and partners, and our determination to empower our team members to deliver on that commitment,” said Gary Anetsberger, CEO of Millennium Trust. “We expect the recent acquisition of PayFlex to add further fuel to our growth by broadening our financial wellness platform beyond the retirement space, taking us into more consumer-directed offerings.”
The acquisition of PayFlex Systems USA, Inc. (“PayFlex”), a Health Savings Account (HSA) and consumer-benefits provider, which closed on June 1, 2022, expands Millennium Trust’s client base to more than five million individual client accounts. The firm now has $47 billion total assets under administration and its employees have nearly doubled to approximately 1,000.
Where We Started and How We’ve Grown
Millennium Trust began as a specialized IRA custodian in 2000 and has since become a leader in the industry by providing institutional and alternative investment solutions to help solve clients’ business needs. Since 2016, Millennium Trust has experienced an annualized revenue growth rate averaging 42% and significantly expanded its client and partner base, product portfolio, and talent.
Over the years, Millennium Trust has built strong relationships with plan sponsors to provide former plan participants with solutions that support their retirement journey, from the time they enter the workforce through retirement. Millennium Trust has also seen record levels of growth in its institutional custody services and self-directed IRA businesses.
For individual clients, Millennium Trust provides access to investments ranging from stocks, mutual funds, and ETFs to alternative assets, such as private equity, hedge funds, and real estate, as well as tools and resources to help them on their retirement journey.
Crain’s Fast 50 recognizes companies in the Chicago metro area that have achieved impressive revenue gains over a five-year period. The final rankings were unveiled during an awards luncheon on June 16, 2022, and subsequently published by Crain’s Chicago online.
About Millennium Trust
Millennium Trust is a leading provider of retirement and financial services and consumer-directed benefits, with more than five million individual and institutional clients holding more than $47 billion in assets. We are committed to the evolving needs of individuals, employers, advisors, and institutional partners and to empowering clients with trusted expertise, exceptional service, and access to a wide range of solutions. Whether clients are managing retirement assets, running a business, or seeking choices beyond traditional asset options, Millennium Trust provides flexible digital solutions to support their success. For more information about Millennium Trust Company, follow us on Twitter and LinkedIn.