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Millennium Launches Online Tool to Simplify Alternative Investments

Millennium Trust Company, a custody services provider for both alternative and traditional assets, launched the Millennium Alternative Investment Network (MAIN), a centralized online service “to simplify the custody of alternative investments,” according to a company press release.

“Not only does MAIN provide individuals and advisors with access to a range of investment platforms and alternative assets they may not have previous been aware of, “said Scott McCartan, chief executive officer of Millennium Trust Company. “…Investing in alternatives has historically been a cumbersome, paper-centric process and we are committed to using technology to change that.”

Individuals and advisors who are looking to hold alternative investments within either IRAs or taxable custody accounts can link to investment platforms that offer access to a range of alternative investments.

After completing their research and selecting an investment via a platform, investors can complete the required documents to open and fund an account and direct their investments entirely online.

MAIN is launching with four platforms that offer clients access to invest in private companies, hedge funds, real estate and other investments through a Millennium Trust account.

Millennium Trust Company provides custody solutions for IRA rollovers, alternative assets, and private funds. The firm has more than $16.8 billion in assets under custody and more than 408,000 accounts under administration. Millennium Trust performs the duties of a directed custodian and does not provide due diligence on prospective investments, sponsors or service providers and does not sell investments or provide investment, tax or legal advice.