Today we take a look at Millennium Trust Company. What is The Millennium Trust Company? Will it be your choice or should you look elsewhere? This is some of the questions this short review will focus on!
Company: The Millennium Trust Company
Website: www.mtrustcompany.com
Owner: Gary Anetsberger (CEO)
Price: Depends on your investment choice
Who is it for: Investors
Overall rating: 
(2.9 / 5) (Not recommended)
Important to mention before we go into more details of this review:
We always strongly recommend you to do your research online before you choose a company to invest with. There are so many reviews online of clients being ripped off and scammed. Most commonly through so-called hidden fees. So please investigate thoroughly before you make your decision.
If you want to see the Top-5 gold & silver IRA companies we have given the highest ratings visit this page<==
With that being said, let´s continue with the review on The Millennial Trust Company!
What is The Millennium Trust Company about?
Millennium Trust Company is one of the leading financial firms in the industry. They are specialized in providing a wide range of administrative and custodial services to institutions, individuals and advisors. In 2000 the company was established and since then their client base has increased to more than 305,000 accounts.
It means that Millennium Trust Company has more than $11 billion assets in their custody. However, there are many people who are interested in knowing how the company works before they can contact them for any financial advice or help. Here we have a complete overview of the company and how their experts work.
How does it work?
The Millennium Trust Company is commonly known as a record keeping and IRA administrative company which is services millions of people around the world. They are managing more than $11 billion in their accounts which shows that the company is trusted worldwide.
They have a huge customer base to which the experts are providing a variety of services which include investment and management of traditional and alternative assets. Most of the customers have claimed that the charges of the company are higher as compared to competitors but they are also providing a wide array of services for only $200.
It means that you will not have to pay for any sliding scale fee or another hidden fee. However, if you will select the segregated storage for precious metals you might have to pay an extra amount of $75.
P.S. If you are looking for a gold IRA the best one I can recommend is one that got among the lowest fees in the industryand also got a flawless record. ==> Click here to read about that one
The management
The management of the company sounds excellent. It is the feature that is appreciated by most of the customers who are using their services. There are more than 200 experienced professionals working for Millennium Trust Company and most of them are working as the head management staff.
You will be surprised to know that Gary Anetsberger (the CEO of Millennium Trust Company) is an investment specialist himself and he has the experience of 35+ years in the financial industry. It should give you the peace of mind that your money is in the hands of experts.
Prices and Products of the company
The most important thing that customers want to know about is the cost of services they will have to pay. Once you will work with Millennium Trust Company you will get the option to invest in alternative or traditional investment.
There is a variety of account types you can select from. Individual investors will get the services like Solo 401 (k)s and self-directed IRA. Advisors and institutions will get different services like
- Private fund custody services
- Alternative asset custody
- Registered investment advisor services
If you are the gold IRA investor the most important service you will get is self-directed IRA that will provide you with the golden chance to invest in the precious metals that will be saved in your retirement account.
It is important for you to know the fee schedule of the company because that is the only way you can select the top services. If you are holding a precious metal IRA in Millennium Trust Company you will have to pay $100 flat charges for the services. As well as you will have to pay $100 as the depository storage fee as well.
It means that the total annual cost you will have to pay for holding gold IRA will be $200 with MTC. The biggest attraction of the service is that the fee will not change or increase because of the changing value of your account. However, if you will plan to have segregated storage then you will have to pay an additional $75.
Important to mention here: If you are looking for a precious metals IRA custodian you might want to look at our #1 recommendation as they completely waive the fees for (up to) your first 3 years and also are unique in the industry with a superior amount of positive testimonials from their clients on 3rd party client protection agencies.
**Click here to check out our #1 recommended gold IRA custodian
Is The Millennium Trust Company a Scam?
So is The Millennium Trust company a scam? No, of course not, it got real owners and a real physical address. However, if it is the right choice for you is another story, and that leads us to…
Other online reviews and ratings
Something that is always recommended (and wise) to do before you decide to invest with a particular company is to look at what some of the most well-known and trusted review and rating sites have to say about the company you are interested in. As always in our reviews we provide you with their results (with clickable links):
BBB (Better Business Bureau)
Rating: 
(1.3 / 5) (out of 70 reviews) click here for details (opens in new window)
Trustpilot
Rating: N/A
Yelp
Rating: 
(2 / 5) (out of 233 reviews) click here for details (opens in new window)
GlassDoor
Rating: 
(3.6 / 5) (out of 78 reviews) click here for details (opens in new window)
The conclusion from this:
Well, as you clearly can see there are not too impressive results, there is a lot of clients who are not happy with the service they have received so that could be a red flag, right? Take a look on this example review from one “not so happy” client that left a review on the Yelp website:
Under no circumstances whatsoever would/should anybody voluntarily invest their own money with this company. Their apparent business model is to incentivize companies who are going out of business or otherwise ending their retirement programs to allow Millenium to take over the unsuspecting employees’ accounts, and then slowly drain all of the money from said accounts with their absurd fee schedule. People who are relatively early in their retirement planning and/or have diversified their retirement planning will pay *far* more in fees than they will ever gain from interest.
In 2017 for example, in order for my own account with them just to break even against the baseline fees I would have needed over $47,000 in the account. Not to make it a decent investment mind you, but JUST TO STOP BEING WORSE THAN STUFFING THE MONEY UNDER THE MATTRESS. Anybody who actually has the amount of money required to see a net positive from their “investment” with this company has far better options available to them. Even if the account was totally free the interest rate they pay is so pathetic it would never come close to beating inflation, much less the return on an actual good investment.
Again for emphasis: Under no circumstances whatsoever would/should anybody voluntarily invest their own money with this company.
Important to mention here:
You need to know that there are other investment companies online that got a lot better overall rating and reviews from their clients. However, the one that is unique and stands out among the crowd is one that got hundreds of positive reviews and close to ZERO negative ones. It is the one that is recommended by more independent 3rd party consumer protection agencies than any other company in the industry!
==> Visit this page to learn about that company instead!
The pros and cons of The Millennium Trust Company
Something that is always wise to do before making any kind of decision is to compare a company´s positive sides against their negative ones to get a better overall view. As always in our reviews we provide you with some clear points on both sides of the spectrum to make this job easier for you:
The good
Some of the interesting benefits you will get by investing in the company are.
- The best thing about the Millennium Trust Company is that all their customers will get the same services and care
- The client base of the company is rapidly increasing because they have well-established and have a good management team which makes it impressive.
- Alternative and traditional asset investment solutions are available. It means you can easily select the services you are comfortable with.
The bad
A few drawbacks you should consider before and if investing with Millennium Trust Company are.
- The fee you have to pay for metal and administration storage is a little higher and with the segregated storage, you will have to pay more. It is not affordable for most of the clients.
- If you have the segregated accounts you will have to pay sliding scale fee as well.
- Got negative reviews online
Rapidly increasing competition
You might be surprised to know that the competition of Millennium Trust Company is rapidly increasing in the market. There are many other firms which are providing the same services. The only difference is that many have lower rates as compared to the Millennium Trust Company.
However, a lot of the clients still prefer to use the services of the MTC because they are aware of the fact that reliability and guarantee that they will get from Millennium Trust Company is not available in many other places.
What makes Millennium Trust Company stand out in the industry is that they provide tailor-made services for the clients. They will understand your situation and provide the best solution that will meet your investment requirements and allow you to live a prosperous life even after your retirement.
They will guarantee that if you will follow their instructions and plans, you will surely have enough savings that you can live a relaxed life after retirement without doing any work. This is the reason most people trust the Millennium Trust Company.
**See my #1 recommended gold & silver IRA solution on this page
Do you own or represent The Millennium Trust Company?
If you are a representative, or associate of The Millenium Trust Company and have found something not to be correct in this review please, feel free to tell and I will make sure to update the info on this post. The easiest way to do it is in the comment section below or by simply sending us an e-mail to contact@goldretired.com
Final Words and verdict
Verdict: Legit (but not recommended)
Overall rating: (2.9 / 5)
I think that sums up the overall picture of this company pretty well, it is a legit one yes, however, personally I would not (and cannot) recommend it, first of all because of the many negative reviews out there that is available for anyone to see.
With their IRA services, Millennium Trust Company might be a good choice when it comes to investment. No doubt that the rates of the company are higher as compared to rivals but they will provide you value for the money that can be hard to get from anywhere else according to them.
With years of experience and expertise, the professional staff of Millennium Trust Company will assure to provide you with the services that you need. If you need more information about their products and services, feel free to contact them on their website.
Our personal take
As TMT offers a wide range of investment options you got some research to do if you want to find the best alternative in your particular interest. However, if you are looking for a gold (or precious metals in general) I would highly recommend that you check out our #1 recommended precious metals IRA custodian by clicking the link below.
See yourself why this company is our #1 recommended Gold IRA Custodian!
I hope you found this review of The Millennial Trust Company to be helpful and now you should have a better understanding of what they do and if it is something for you or not. If you have used any of their services please share your experience with us in the comment section below as it can help others. Also, if you got any questions about this review I will be more than happy to answer them below!
I wish you success!
Peter,
Founder of GoldRetired.com
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