SOURCE: Millennium Trust Company

Millennium Trust Company

February 21, 2012 14:00 ET

Millennium Trust Company Announces Move to New Corporate Headquarters

OAK BROOK, IL--(Marketwire - Feb 21, 2012) - Millennium Trust Company, a leading provider of administrative and custody services, today announced the relocation of its corporate headquarters to a larger office space in Oak Brook, Illinois. The new location supports the company's growth plans and provides almost double the square feet compared to Millennium Trust's previous headquarters. The company's new corporate address is 2001 Spring Road, Suite 700, Oak Brook, IL 60523.

The move accommodates the substantial growth the company has experienced over the past five years. Since 2007, Millennium Trust's account base has grown by 370% to over 170,000 accounts with assets under custody of $4.6 billion as of December 31, 2011. "Based on our rapid growth, it was essential that we found a location that could support our company's expansion both now and in the future. While we are currently occupying about 48,000 square feet, we have the option to occupy another 24,000 square feet within the same building," said T. Scott McCartan, CEO.

In addition to accommodating growth in headcount, Millennium Trust's new office allows for better collaboration amongst its sales, client service and operational departments. "Our growth is the result of being innovative and responsive to our clients' needs," said Scott McCartan. "We are hopeful that the design and layout of our space will provide an atmosphere that's conducive to sharing creative ideas and developing innovative solutions," he further adds. In addition, training and teaming rooms were built to provide ongoing training and education to employees. "We want our employees to continue to enhance their client service skills and to stay abreast of the ever-changing rules and regulations that affect this industry so they are able to provide best-in-class service to our clients."

About Millennium Trust Company
Millennium provides custody services for alternative and traditional assets in IRAs, Solo 401(k)s and taxable accounts, offers private fund custody services, 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
    630.368.5642
    Email Contact

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