Millennium Trust Company announced on Thursday it finished 2016 with continued growth, bringing the total assets under custody to $20.8 Billion in 527,000 custodial accounts.
Speaking about last year’s successes, CEO of Millennium Trust Company, Gary Anetsberger, commented on the firm’s Millennium Alternative Investment Network, which was launched in January 2016:
“The growth exhibited by the Millennium Alternative Investment Network exceeded our expectations, beginning with the launch in January 2016, to attracting 15 participating platforms and finishing the year with a win at the 2016 WealthManagement.com Industry Awards, where our innovative technology was honored in a category recognizing custodians (emerging – less than $25 billion) for their technology advancements.”
Anetsberger continued:
“As we look ahead to the next year, we will continue to develop technology and solutions that make access to alternative investments available to an even larger audience of investors and their advisors. At the same time, we will work with investment managers who are creating new asset classes that provide investors with a wide range of possibilities and a portfolio that’s truly diversified.”
Among those who joined Millennium Trust Company’s team were Dan Laszlo, who was hired as Chief Financial Officer in March, and Tom Daley, who was appointed as Managing Director of Alternative Solutions Group in November. Anetsberger, who was promoted to CEO from Chief Operating Officer, shared:
“We are thrilled to expand our management team as we take the next step into Millennium Trusts’ future. Our new hires will draw upon extensive professional and leadership experience as we focus on bringing awareness of the company brand to the RIA and financial advisor marketplace and beyond.”
Millennium Trust Company added during 2016’s fourth quarter, two new platforms, EquityMultiple and LendingRobot, joined the network, bringing the total of participating companies to 15.