SOURCE: Millennium Trust Company

alternative assets, alternative investments, self directed ira, real estate ira, ira custodian

April 22, 2010 13:09 ET

Millennium Trust Company Chosen by Charles Schwab as One of Two Custodians for Select Alternative Assets

OAK BROOK, IL--(Marketwire - April 22, 2010) - Millennium Trust Company has been selected by Charles Schwab & Co. to serve as a custodian for certain types of Alternative Assets. As a leading provider of custody services, Millennium will act as a referral source for both Schwab Advisor Services and Schwab Investor Services clients.

Last spring, Schwab announced it would make changes to its custody of Alternative Assets. After a thorough review, Millennium Trust was chosen as one of two referral custodians for its expertise in serving as a custodian for Alternative Assets and experience working with Registered Investment Advisors.

According to Scott McCartan, CEO of Millennium Trust, "We are very excited about the opportunity to provide our services to Schwab independent advisor clients and individual investors. Providing custody for Alternative Assets is our core focus and we have the processes in place to handle the highly detailed and sometimes labor intensive administration of these assets."

A dedicated phone number and customized website has been established for Schwab clients. Clients can call Millennium Trust's Client Services Team at 866.388.6771 or visit the website at http://aics.mtrustcompany.com.

About Millennium Trust Company

Millennium Trust Company is an industry leader in administrative and custodial services. Millennium custodies alternative and traditional assets in IRAs, Solo 401(k)s and custody accounts, offers cost-effective 403(b) solutions, creates customized Automatic Rollover programs, provides integrated Health Savings Account solutions and designs unique trading platforms for Investment Advisors. Additional information about Millennium Trust Company may be found at www.mtrustcompany.com.

Millennium Trust performs the duties of a custodian and, as such, does not provide investment advice or sell investments, nor offer any tax or legal advice.

Contact Information

  • Contact Information

    Mary Hackbarth
    SVP, Director of Marketing
    Millennium Trust Company
    ph:630.368.5642
    email: Email Contact