Millennium Trust Company® Announces alliance with Gold Bullion International

OAK BROOK, Ill., Feb. 20, 2018 /PRNewswire/ -- Millennium Trust Company, LLC, (Millennium Trust) a provider of specialized custody services to advisors, financial institutions, businesses and individuals, has announced the alliance with Gold Bullion International (GBI), a leading institutional precious metals provider to individual investors and the wealth management industry.

Clients of Millennium Trust will now be able to invest in certain precious metals through GBI's technology platform, and have them custodied through Millennium Trust in a Self-Directed Individual Retirement Account (IRA).

"The most revolutionary aspect about this development is the ease with which clients are now able to invest in precious metals using their retirement funds," said Tom Daley, Managing Director of Custody Services at Millennium Trust. "Investing in this asset class can be time-consuming and highly inefficient, but through our alliance with GBI we have a streamlined process."

The alliance with GBI still allows clients to invest in a physical precious metal that is held in a secure vault, but now with a streamlined investment process that all takes place online. Investors choose from a selection of IRS-approved precious metals through the GBI platform, automatically connecting them with the best price from a network of top precious metals dealers, and processes payments through the platform itself. Prior to the GBI platform, Millennium Trust's clients found a precious metals dealer on their own and negotiated the best price, in addition to submitting paperwork in hard copy.

"We sought to align with a trusted custodian that not only would be able to support our business but would also understand the intricacies of what we do, in the greater mission of better servicing our clients," said Steven Feldman, CEO of GBI. "Millennium Trust was the only firm that was able to check all the boxes on our wish list."

"This alliance with GBI is directly aligned with Millennium Trust's vision to empower clients with exceptional resources and innovative ways to invest," said Gary Anetsberger, CEO of Millennium Trust. "It's an important step in our progress as a company—and as an industry—to help make alternative investments more accessible to investors."

Clients may access the GBI platform through the following web address: www.mtrustcompany.com/main

About Millennium Trust Company®
Millennium Trust Company is a trusted leader in specialized custody, empowering clients with unmatched service, access to a wide range of custody solutions and expertise they can count on. Whether it's the custody of alternative assets, investment accounts or retirement funds, Millennium Trust is uniquely qualified to support our clients' success.

Millennium Trust Company performs the duties of a directed custodian, and as such does not provide due diligence to third parties on prospective investments, platforms, sponsors or service providers and does not sell investments or provide investment, legal, or tax advice. For more information about Millennium Trust Company, visit mtrustcompany.com, or follow us on Twitter and LinkedIn.

About GBI
Gold Bullion International (www.bullioninternational.com) is the leading institutional precious metals provider to individual investors and the wealth management industry. GBI's technology and operations platform allows investors to acquire and manage their physical precious metals assets directly through GBI, or their existing wealth management account relationships.  Precious metals are acquired through a competitive institutional dealer network and stored on behalf of investors in protected and insured vaults in New York, Salt Lake City, London, Zurich, Melbourne and Singapore. GBI also offers gold-backed debit cards and digital currency which enables clients to treat their physical gold balance as cash and to make payments conventionally or through the Bitcoin Payment Protocol.

Media Contact:
Amiee Watts
JConnelly
[email protected] 
973.850.7312

SOURCE Millennium Trust Company

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