Millennium Trust Company Enhances its Administration and Custody Capabilities with Innovest Systems

New York, NY, USA - 19 May 2011

Millennium Trust Company, a leading administrative and custodial services provider, announced today that it has implemented InnoTrust, Innovest Systems’ trust and wealth management platform. InnoTrust now provides Millennium Trust Company with a cost-efficient and highly customizable solution to support the account administration, investment management, custody and reporting needs of its institutional and individual clients, as well as its automatic rollover solutions.

Innovest Systems’ flagship product, InnoTrust, is a secure, integrated, real-time trust accounting and reporting technology platform provided in a highly flexible and scalable Software as a Service (SaaS) model. This browser-based open architecture system comprehensively addresses the needs of trust companies, banks, private banks, retirement plan administrators and others that need to control, account for, and report on assets held in trust and custody accounts.

“Working with Innovest, Millennium Trust Company expects to further streamline its operations, reduce its technology costs, and deliver a more customized solution to its clients,” said Gary Anetsberger, Millennium Trust Company’s chief operating officer. “The InnoTrust platform offers state-of-the-art technology that can be readily and cost-effectively tailored to meet the unique needs of our firm and our clients. We have found Innovest to be a very capable strategic partner in providing support for our business. This was critical during our time-sensitive and complex system conversion and will continue to be important as we move forward.”

William Thomas, Innovest’s chief executive officer, said, “We are pleased to be working closely with Millennium Trust Company, a leader in offering secure and efficient administrative and custodial services to a wide variety of individuals, investment professionals and institutions. We look forward to providing Millennium Trust with a full-featured, highly secure trust and custody solution it can depend on to improve processing, increase efficiency and expand functionality.”

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