Millennium Trust Co. announces expansion
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Acquires Liberty Trust Company, custodian for specialized Individual Retirement Accounts.
Millennium Trust Company, an Oak Brook, Ill.-based provider of retirement and institutional services, has acquired substantially all of the assets of Liberty Trust Company, a Dallas-based provider of custody and administration services for specialized individual retirement accounts.
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Liberty Trust client accounts represent approximately 10,000 IRAs and $800 million of retirement assets under custody, including self-directed IRAs holding privately held or alternative assets, as well as automatic rollover IRA accounts originating from corporate retirement plan sponsors.
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Millennium Trust has over 1.3 million client accounts holding over $27 billion in assets.
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