Millennium Trust Company Talks P2P Custody at 2014 LendIt Conference

OAK BROOK, Ill., April 29, 2014 /PRNewswire/ -- Millennium Trust Company, a leading provider of essential custody solutions to the online lending industry, announced today that it will host a company workshop at this year's LendIt Conference on May 5th at the Hilton Union Square in San Francisco. The second-annual LendIt Conference is the leading conference in the global online lending industry, encompassing both consumer and small business lending. LendIt is about introducing people to the latest and greatest online lending platforms, the big data that makes them tick and how investors can benefit.

"As one of the first custody firms to recognize the potential of P2P lending, Millennium has played a key role in servicing the industry and contributing to its remarkable growth. We are thrilled to be able to expand the LendIt program and provide our attendees with this important value-added workshop," said Peter Renton, Co-founder of LendIt.

Do you know who the SEC Custody Rule applies to, what a qualified custodian is or when & why you need one? At this year's LendIt Conference, Millennium Trust Company will discuss the basics of custody for online lending, including how they're able to solve even the most complex custody problems. Topics to be discussed include: SEC Custody Rule, Private Fund Custody and working with other financial service providers including: administrators, attorneys, auditors, accountants, banks and leverage providers. 

Registered Investments Advisors (RIAs) and investment managers use Millennium Trust to custody their private funds, separately managed accounts (SMAs) or other special purpose vehicles (SPVs). Individual lenders use their services to invest in loans using individual retirement accounts (IRAs). They also provide custody services at the lending platform level for private funds or SPVs that may be a part of a platforms underlying business structure. 

"As the leading qualified custodian in the P2P space, Millennium Trust is pleased to again sponsor and exhibit at LendIt 2014," said Reggie Karas, Managing Director of the Alternative Solutions Group at Millennium Trust. "This year we are excited to direct a workshop presentation and discussion on the need of a qualified custodian.  Among other topics, we will explain why RIAs and fund managers in the P2P space engage us as a qualified custodian to launch and help grow their business and how we enable them to invest across multiple P2P platforms." 

Those interested in attending the workshop can sign up at www.lendit.co/2014/. Press passes are also available to credentialed members of the news media.

For more information about Millennium Trust Company visit: http://www.mtrustcompany.com

About Millennium Trust Company

Millennium Trust Company is a leading financial services company offering niche alternative custody solutions to institutions, advisors and individuals. The firm serves as a complement to services offered by other custodians. Their innovative solutions include rollover solutions, alternative asset custody, private fund custody and advisor support solutions. Millennium Trust performs the duties of a directed custodian and, as such, does not provide due diligence on prospective investments, sponsors or service providers and does not sell investments or provide investment, tax or legal advice.

Contact: Kris Kagel
Jennifer Connelly Public Relations
[email protected]
973.850.7312

SOURCE Millennium Trust Company