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Managing your investments and building your wealth is important. Millennium Trust Company is one option for those looking for financial services, including custodians or rollover services for a Self-Directed IRA. This means they can help you rollover an existing retirement account into a Precious Metals IRA where you'll be able to hold gold and silver in your retirement account.

You may be wondering whether Millennium Trust Company is the right fit for your needs and whether the company is trustworthy enough to do business with. These are certainly valid questions to investigate before trusting a company with your financial future, and we'll examine them below to give you the answers you're looking for.

  • Product: Financial Services
  • Owner: Gary Anetsberger
  • Overall Rating: 2.7/5

Important! Before we go on with this review...

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About Millennium Trust Company

Millennium Trust Company

Millennium Trust Company is a privately owned company that was started in 2000. Their goal is to deliver financial advice and services to meet the needs to individual investors, financial institutions, advisors, and business. With over two decades in business, Millennium Trust Company has a lot of experience. They currently have $37.6 billion under custody and over 2 million client accounts.

Millennium Trust Company is a financial services company that offers custodian services for self-directed IRAs. This means that if you are looking to open a Gold IRA, Real Estate IRA, or any other type of alternative asset IRA, they can act as the custodian for the account.

Millennium Trust Company's website outlines their promise to their client. The company vows to provide top-notch service and access to a knowledgeable team to each client. They share that they continue to invest in technology and advancements to offer the best experience possible for each client.

The company undergoes annual audits. All of their financial statements are examined by an independent certified public accountant. They are also regulated by the Illinois Department of Financial and Professional Regulation. These two details should provide you with peace of mind that they are an above-board company that works hard for their investors.

Many companies use the solutions offered by Millennium Trust Company. These companies include a mix of well-known Fortune 500 companies and smaller investment advisors and firms. Some of these companies include:

  • MetLife
  • Findley Davies
  • Mercer
  • Goldleaf Partners
  • Willis Towers Watson
  • Voya
  • Symetra
  • Empower Retirement

Rollover IRAs

Millennium Trust Company

Many employers use Millennium Trust Company to rollover a retirement plan for an employee who has left their company. You may be reading this because your retirement plan from a previous employer was recently rolled over to Millennium Trust Company.

If your account was just rolled over to Millennium Trust Company, your previous employer moved your funds into an investment that would help to maintain your principal and provide a decent rate of return. If additional cash is contributed to the account, Millennium Trust Company invests it in an FDIC-insured Cash Sweep Program. This will help you earn interest on any new money that comes in.

Before having access to the money in your account, you will need to verify your identity with Millennium Trust Company. If any of your personal information has changed since the last time your retirement account was updated, you may need to provide supplemental documentation in the form of a utility bill, driver's license, marriage certificate, or divorce certificate.

If the account type you hold with Millennium Trust Company is either a Traditional IRA or a Roth IRA, you will have the option to leave them as the custodian or look for another custodian.

One of the benefits of holding an IRA with Millennium Trust Company is that IRA can hold a mix of investment types. These include stocks, bonds, mutual funds, ETFs, and CDs. Some account types may also be able to hold alternative assets, such as precious metals.

If you choose to stay with Millennium Trust Company, one of the first things you should do it is to designate beneficiaries to your account. Even if you had beneficiaries listed on the account through your employer, the terms of that plan do not apply anymore. There is a beneficiary designation form available through the website that will only take a few minutes to complete.

Self-Directed IRAs

Millennium Trust Company

Millennium Trust Company can serve as the IRA custodian for a Self-Directed IRA. A Self-Directed IRA is a special type of retirement account where you have more control in the assets you hold. Like traditional IRAs and Roth IRAs, Self-Directed account holders receive tax advantages.

Whether you're looking to hold stocks and bonds in your account are looking to invest in alternative assets like gold silver or real estate, Millennium Trust Company can help you. With their two decades of experience in working as custodians for alternative assets, they bring a wealth of knowledge and information to the table for investors.

Many other custodian companies will only custody traditional assets. This is not the case with Millennium Trust Company, making them an excellent option to consider if you're looking to hold alternative assets in an IRA.

If you think you may be ready to start a Self-Directed IRA with Millennium Trust Company, check out their online pre-custody process. This process will help you determine whether your assets are eligible to be custodied and held in an IRA.

Some of the asset types they custody include:

  • Hedge funds
  • Private equity/debt
  • Real estate
  • Precious Metals
  • Commodities/futures
  • Marketplace loans
  • Traditional assets

Investor Resources

Millennium Trust Company

Millennium Trust Company's website is laid out to help investors learn more about investing, IRAs and the role custodians play. They offer a comprehensive knowledge center where you can learn more about a variety of topics. These include:

  • Account basics
  • Personal investing
  • Small businesses
  • Retirement providers
  • Investment professionals
  • Institutional services

Services for Professionals

Millennium Trust Company

In addition to providing custodian services for individuals, Millennium Trust Company also offers services for employers, institutions, and financial advisors.

These services include:

  • Automatic Rollovers: When employees leave an organization and leave behind a retirement account, it can cost a company a lot of money. This can also have an impact on current employees and their plans. Signing up for automatic rollovers with Millennium Trust can help companies keep your plan costs lower and decrease your liabilities. Companies will be better able to focus on their current employees, rather than feeling held back by plans from employees who have left the group. The website offers a calculator to help companies see how much they can save by setting up automatic rollovers with Millennium Trust Company.
  • Uncashed Checks Solutions: Upon leaving a company or retiring, employees can take a distribution from their retirement account. However, many of the checks written are not received or cashed by employees. These uncashed checks can become a burden on the sponsors of the plan. With Millennium Trust Company, employers can sign up to have these uncashed checked rolled over into their employees IRA, which can take away a lot of the hassle and headache.
  • Emergency Savings Funds: Millennium Trust Company also offers an Emergency Savings Fund solution. This solution makes it easy for employers to create a savings program for their employees. Such a program can help decrease employee stress, reduce turn-over rates, and increase overall company productivity and profit.
  • Workplace Savings Solutions: The workplace savings solutions offered by Millennium Trust Company are aimed at smaller businesses that cannot afford to offer 401(k) retirement plan for their employees. With a workplace savings plan, smaller companies can help their employees prepare for retirement by offering them increased access to more affordable retirement benefits, such as SEP, SIMPLE, or Payroll Deducted IRAs.
  • Missing Participant Searches: Sometimes, participants go missing from a company's retirement plan. Sadly, this causes problems for the company such as draining resources. One of the services that Millennium Trust Company offers is to use their access to numerous search databases to find these missing participants. They then provide the current contact information to employers to help facilitate follow-up.
  • Plan Termination Services: Mergers, bankruptcies, and other business happenings may lead to the termination of retirement plans. Millennium Trust Company can help roll eligible accounts into Safe Harbor IRAs. These Safe Harbor IRAs will hold the assets and help owners be connected with their old accounts.

Millennium Trust Company works to form a partnership with companies. They will work with different individuals at the company along with plan sponsors, record keepers, payroll providers, and financial services companies to make sure all the company's needs are met. If you own a company and would like to learn more about the services offered by Millennium Trust Company and if they are a good fit for your business, visit the website to send a message or call them.

Are There Any Red Flags for Millennium Trust Company?

Millennium Trust Company

The internet offers us a wealth of information we can use to help make important decisions. When choosing a company to work for, looking through reviews from past customers and review sites takes just a few minutes. Reading through these reviews can offer you a wealth of information about a company, their business practices, the services they offer, and how they treat their customers.

You can then use this information to help you make an informed decision about whether or not you'd like to do business with a particular company.

We looked up reviews from some of the most trusted review sites online. These include the Better Business Bureau, Business Consumer Alliance, TrustLink, and Trustpilot. There are numerous other online reviews available from Millennium Trust Company through other sites if you'd like to see how they stack up on other sites.

  • Better Business Bureau: A+ rating; BBB Accredited Business
  • Business Consumer Alliance: B rating–
  • TrustLink: Not rated
  • Trustpilot: 4.2/5 (over 18,600 reviews)

Is Millennium Trust Company a Scam?

Millennium Trust Company

Millennium Trust Company is a legitimate business; it is not a scam company. They actually offer all of the financial services listed on their website.

Now, just because Millennium Trust Company is a legitimate company, it doesn't mean you should be rushing to their site to sign up for their services just yet. There are still a few concerning things about the company that may make you decide to give your business to someone else.

First, customer reviews are not overwhelmingly positive to Millennium Trust Company. While they have managed to get a 4.2 out of 5 rating on Trustpilot, when you dig a little deeper and look at some other sites, the reviews are not as positive.

For example, on the BBB website, the company has 1.3 out of 5 stars. Their A+ rating is not tied to customer reviews, so the fact that this many customers have something negative to say about the company is quite concerning.

There have also been 45 complaints against Millennium Trust Company through the BBB in just the last three years. That is a lot when you consider that there are plenty of companies out there with no complaints. Most of the complaints against Millennium Trust Company have centered around problems with the services they provide, but some also address billing problems.

Many of the complaints site issues with communication and customer support. Clients of Millennium Trust Company seem dissatisfied with the availability of members of the team to answer their questions or address concerns.

On Yelp, Millennium Trust Company has only earned 2 out of 5 stars with 231 reviews. With the large number of dissatisfied customers, it may not be a great idea to do business with Millennium Trust Company.


  • Millennium Trust Company has over 20 years of experience.
  • They offer solutions for individuals and businesses.
  • Fortune 500 companies and small businesses alike have all benefited from the services Millennium Trust Company offers.
  • With Millennium Trust Company, individuals can hold a mix of investment types in their retirement account, including alternative assets like precious metals or real estate.
  • Their services for businesses include automatic rollovers, uncashed checks solutions, emergency savings funds, workplace saving solutions, missing participant searches, and plan termination services.


  • Millennium Trust Company can serve as the custodian for a traditional IRA or an alternative asset Self-Directed IRA.
  • The company also offers solutions for employers to help manage their employee retirement plans.
  • There are a wealth of resources on the website to help investors.


  • There have been 45 complaints filed against Millennium Trust Company in the past three years with the BBB.

Final Verdict

If you need a custodian for an alternative asset IRA or other financial services, we would not recommend using Millennium Trust Company. While they are not a scam company, they have a lot of unhappy customers. This is troubling and may mean you won't be getting the services and attention you sign up for. The good news is that there are other financial services companies that offer the same services that Millennium Trust Company does. We'd suggest looking into one of these companies over Millennium Trust Company.

Although we do think that Millennium Trust Company is a decent company, we believe that there are better companies out there to make your investment with.

===> Click here to see our top 5 recommended companies

Or you can get a free precious metals investment kit from our #1 recommended company right now!

Or, continue with Millennium Trust Company...