Millennium Trust Company Review

Millennium Trust Company is ranked #7 on our list of the top 10 precious metals IRA custodians of 2020. In the following review, we’ll discuss this custodian’s history, management, reputation, products/services, and fees.

Millennium Trust Company (http://www.mtrustcompany.com/) is an industry-leading financial firm that specializes in providing a broad range of custodial and administrative services to individuals, institutions, and advisors. The company was established in 2000 and has since amassed a client base consisting of more than 305,000 accounts, with more than $11 billion in total assets under custody.

About the Management

Millennium Trust Company's staff consist of more than 200 experienced professionals, about a dozen of which are part of the key management staff. The company's CEO is T. Scott McCartan, an investment specialist with more than 35 years experience in the financial industry. To learn more about their management staff, see their Key Managers page.

Millennium Trust Company Prices and Products

Millennium Trust Company provides clients with the opportunity to invest in a traditional and alternative investments within a variety of account types. They offer self-directed IRAs and Solo 401(k)s to individual investors, while services offered to institutions and advisors include alternative asset custody solutions, private fund custody services, automatic rollover programs, and registered investment advisor services. To gold IRA investors, their most important service is of course the self-directed IRA, which allows you to invest in precious metals within your retirement account. The screenshot below displays the section of Millennium Trust Company's fee schedule dedicated to precious metals fees:

You can see by the fee schedule above that the annual maintenance fee for holding a precious metals IRA with Millennium Trust Company is set at a flat-rate charge of $100, with a flat-rate depository storage fee of only $100 as well. Thus, the total annual cost of having a Gold IRA with MTC is $200. That fee does not change or increase with the value of your account in the way that some custodians charge sliding scale fees, unless you want segregated storage, in which case it would cost $75 more. If you'd like to see the rest of Millennium Trust Company's fee schedule, click here.

Millennium Trust Company Contact Details

• Address: 2001 Spring Road, Suite 700, Oak Brook, IL 60523
• Phone: 800-258-7878
• Email: [email protected]
• Website: http://www.mtrustcompany.com/

Key Pages From Millennium Trust Company's Website

• Why MTC? – Their About Us page, which includes a company overview and information about the company's history, location, quality commitment and management staff.
• Precious Metals IRA Investment Overview – PDF guide discussing the basics of investing in a precious metals IRA.
• Learning Center – A comprehensive knowledgebase complete with demos, webinars, IRA guidelines, investor awareness information, a FAQ section and more.

Always Review the Competition Before You Buy

Choosing a custodian to administer your precious IRA is not a decision that should be overlooked or underestimated in importance. Although most financial advisors only recommend allocating between 5% – 20% of a retirement investments towards precious metals, this seemingly small portion of your portfolio could wind up being the most pivotal investment you could make.

As the threat of hyperinflation continues to loom on the horizon, there is a very good probability that gold and other precious metals will continue to increase in demand and in price. As other forms of currency are gradually devalued, prudent investors are becoming increasingly interested in protecting their wealth with gold, driving the demand up, and therefore the price as well.

This essentially means that the longer you wait to invest in gold, the more likely it is that you'll have to pay a higher price per ounce. It also means that converting some of your cash holdings to gold is the best way to protect against inflation and the possibility of currency debasement.

With this investment being of such critical importance, we strongly suggest that you consider all options before making a commitment. You might want to start by comparing the top Gold IRA companies, and learning more about the top precious metals IRA custodians.

Contact Us if You Own or Represent Millennium Trust Company

If you're an owner, representative, or associate of Millennium Trust Company and you've noticed any information within this review that us outdated or inaccurate, please do bring your concerns to our attention. We will gladly revise or remove any content that is not in line with our goal of providing the most accurate and useful company reviews.

Why Equity Institutional is Ranked #1 IRA Custodian of 2020

While building this year's list of the top 10 IRA custodians, we considered a total of 37 different companies before narrowing down the candidates presented in the finalized custodian comparison table. We've made it easy for anyone to conduct their own research regarding the history, features, reputations, and fees of the leading precious metals IRA custodians. Each company has been thoroughly researched and ranked based on the following factors:

• preferred/partnered depositories and storage options
• whether storage fees are included in the annual charge – some companies require you to pay storage fees in addition to annual administration/renewal fees
• setup charges and account startup cost
• fee structure – sliding scale annual fees vs. flat-rate annual fees
• company reputation and industry presence

In addition to excelling in the above aspects, Equity Institutional also ranked as the #1 custodian this year because of their partnership with Regal Assets, the #1 company on 2020's list of the top Gold IRA companies. Equity Institutional partners with bullion dealers, brokers, and investment firms to bring retirement investors cost-effective, streamlined access to precious metals IRAs. While it is possible to setup an account with Equity Institutional directly as an individual, there are numerous benefits associated with opening your account through Regal Assets, including:

• Regal Assets will waive the first year's setup and storage fees for any account worth more than $10,000. In fact, they may cover up to the first three years' fees, depending on the value of the account. After the account starts to incur charges, the account holder is billed a low flat-rate annual fee (which stays the same regardless of how much gold is stored in the account), as opposed to a sliding scale fee, which increases along with the market value of assets held in the account.
• Regal Assets make it easy to buy eligible gold bullion and have it deposited directly into your IRA
• Best online reputation of any Gold IRA company; A+ rating with the better Business bureau, AAA rating with the Business Consumer Alliance, and 5-star ratings on Yelp, The Yellow Pages, Google= and Trustlinkorg.
• Investors can invest as little as $5,000 initially
• Provides an extensive, industry-leading investor's information kit free to anyone interested (you can access this kit by filling in the simple form at the bottom of this page).
• Offers offshore storage in Singapore through Brinks, which may be the most secure location to store gold in an IRA.
• Regal Assets will buy back any precious metals their clients purchase from them and can have the funds credited to the client's account in less than 24 hours, on any given business day.
• Guides you through the process of learning about precious metals IRA, opening one, and purchasing the appropriate bullion products to store in your newly opened IRA; by far the easiest and most reputable solution to invest in a Gold IRA.
• Exceptional industry reputation highlighted by appearance in Inc Magazine, Forbes, Smart Money, and MarketWatch. Regal Assets even ranked #20 in Inc Magazine's famous Top 500 list.

If you'd like to learn more about the advantages of opening an Equity Institutional precious metals IRA through Regal Assets, see the full review of Regal Assets. You can also access Regal Assets highly informative investor's education kit that teaches you everything you need to know about investing in a Gold IRA by filling out the simple form below. Even if you don't plan on investing any funds right now, we strongly recommend you consider the content presented in their FREE information kit before making an investment decision in the precious metals industry.

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