New Millennium Trust API Designed to Increase Access to Investments
Millennium Trust Company has launched an API that is designed to allow investment sponsors and advisor systems to reduce processing times, control the user experience and increase transaction volumes.
Millennium Trust is a provider of specialized retirement and institutional custody solutions. The new API enables investment platforms and advisor systems to integrate with Millennium Trust’s custody services. The API provides investment sponsors with the ability to allow their clients access to their investment products through Self-Directed IRAs.
“This is a win-win for investment platforms and their clients,” said Tom Daley, managing director of custody services. “The investment platforms are able to control the user experience and tap into the multi-trillion dollar IRA market, while investors are able to have a simple, digital investing experience.”
Investors will be able to open a Millennium Trust Self-Directed IRA on the investment platform. For investment sponsors, the Millennium Trust API will enable account opening and investment processes in one place.
