White Rock Advisors acts as Exclusive Advisor on the sale of Liberty Trust Company to Millennium Trust Company

December 2019

DALLAS (2019) – White Rock Advisors, LLC is pleased to announce it recently advised Liberty Trust Company, LTA (“Liberty Trust”) on the sale of substantially all of its assets to Millennium Trust Company, LLC (“Millennium Trust”), an Oak Brook, Illinois based provider of retirement and institutional services.

In 2005 Liberty Trust was co-founded by Glen Martin and Steve Pauley as a provider of custodial and administrative services for Self-Directed IRAs and Qualified Retirement Plans. The founders used their over 30 years’ experience in the retirement plan industry to make it possible for their clients to invest in a range of alternative investment options like real estate, promissory notes, and private stocks. At the time of the transaction, the Liberty Trust client accounts represent approximately 10,000 IRAs and $800 million of retirement assets under custody.

Established in 2000, Millennium Trust Company is a leading provider of retirement and institutional services with over 1.3 million client accounts holding over $27 billion in assets. This transaction represents Millennium Trust’s sixth acquisition over the past three years, demonstrating the company’s long-term strategy and ongoing commitment to augmenting its strong organic growth with highly strategic acquisitions.

“It was important for us to make sure that this transaction would work well for our clients,” said Glen Martin, CEO and Co-Founder of Liberty Trust. “Millennium Trust is the leader in this industry and offers clients an outstanding experience and value.”

“We are thrilled with what Millennium Trust has to offer our clients,” added Stephen Pauley, COO and Co-Founder of Liberty Trust. “We know they will receive top-level service with Millennium Trust.”

Simon Martin and Gabe Trotta led the transaction for White Rock Advisors and added, “It was a pleasure to work with Glen, Steve, and everyone involved. We believe Liberty Trust’s clients will be well served by Millennium Trust as a leader in the retirement services industry.”

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