SOURCE: Millennium Trust Company

Millennium Trust Company

December 04, 2012 14:01 ET

Significant Growth in Alternative Asset Custody Spurs Millennium Trust Company to Expand Sales Team

OAK BROOK, IL--(Marketwire - Dec 4, 2012) - Millennium Trust Company, a leading provider of custody and administrative services for alternative investments, proudly announces the addition of Matt Nitschke as Senior Vice President, Regional Director of the Alternatives Solutions Group. Millennium Trust was one of the first self-directed IRA custodians to extend its alternative asset custody services to institutional clients aimed at increasing market share. Due to the significant rise in the use of alternatives within client portfolios and Millennium Trust's continued success in developing relationships with major clearing firms and other financial institutions, Millennium Trust brought on Mr. Nitschke to capitalize on new business opportunities and to continue building relationships across all markets.

"We are excited to add a professional of Matt's caliber to our dynamic team of experienced Regional Directors," states Reggie Karas, SVP and Managing Director of the Alternative Solutions Group. "Matt brings both industry knowledge and expertise in alternative investments to our firm and his background, existing relationships and leadership will sustain Millennium's role as a leading specialized custodian." 

As Regional Director for the Midwest Region, he will provide coverage to RIAs, Broker-Dealers, investment sponsors and other financial institutions. Additionally, he will work closely with futures industry members including FCMs, IBs and CTAs to increase Millennium Trust's presence in the futures industry. 

"Millennium Trust is building a compelling growth strategy with an acute focus on serving the needs of the advisor and institutional marketplace. I'm thrilled to join such a respected team as we successfully continue to expand and remain at the industry forefront," says Nitschke.

Prior to joining Millennium Trust, Mr. Nitschke was Director of Institutional Sales at Sterling Trust where he led the Institutional Sales team and managed relationships with strategic national accounts. In addition Mr. Nitschke held leadership roles focusing on business and product development, as well as relationship and practice management for industry leaders such as Merrill Lynch, Morgan Stanley and Charles Schwab. He is also a current CAIA Level II candidate and held the Series 7, 31, 63 and 66 securities licenses.

Contact: Matt Nitschke, SVP, Regional Director of the Alternative Solutions Group at Millennium Trust Company -- 630.368.6507, 

About Millennium Trust Company

Millennium Trust Company is an industry leader in administrative and IRA custodial services. Millennium custodies alternative and traditional assets in IRAs, Solo 401(k)s and custody accounts, offers private fund custody services, creates customized Automatic Rollover programs, and designs unique trading platforms for Investment Advisors. Additional information about Millennium Trust Company may be found at

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.

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