PCE Announces the Sale of NuView Trust

PCE Investment Bankers, a leading financial services firm specializing in mid-market companies, is pleased to announce the sale of NuView Trust (“NuView”) to Millennium Trust Company (“Millennium”), a provider of comprehensive health, wealth, retirement, and benefit solutions. PCE acted as the exclusive advisor to NuView in this transaction.

The acquisition adds approximately $2.2 billion in retirement assets and over 12,000 client accounts to Millennium Trust’s platform. This addition not only increases the scale of Millennium's existing retirement business lines but also sets the stage for future growth in this sector.

NuView, based in Sioux Falls, South Dakota, was founded in 2003 by Glen Mather. It has established itself as a premier, regulated custodian for self-directed IRA alternative investments, primarily held in IRA and retirement accounts.

Dan Laszlo, CEO of Millennium, commented on the acquisition: “This acquisition is highly complementary to our existing business and further diversifies our revenue and assets. Alternative investments provide people with ways to invest beyond traditional stocks and bonds, contributing to a diversified investment strategy. That’s why self-directed IRAs and alternative assets are a focus for us. NuView’s capability and experienced talent will help us support even more clients and help build a future for new growth opportunities.”

Jason DeBono, President of NuView, expressed enthusiasm about the integration: “We’re excited to integrate our customer-centric operational and technology platforms into the Millennium Trust suite of products and services. Clients can continue to expect the same client experience while gaining access to additional solutions, providing even more ways for them to support their wealth and retirement goals. Our partnership with PCE was instrumental in making our strategy a reality. We are extremely happy with the support and guidance we received from PCE during the transaction. Their team’s dedication was key in facilitating an efficient and successful close.'"

Michael Poole from PCE remarked, “This transaction is a testament to NuView’s impressive growth trajectory and its adaptability in exploring new business avenues. With access to Millennium’s extensive array of health, wealth, retirement, and benefits solutions, NuView’s clients stand to gain significantly.”

Established in 2000, Millennium Trust initially focused on individual retirement account custody and administration. Since then, the company has expanded its services to include a broader range of solutions in health, wealth, retirement, and benefits. The recent acquisition of NuView enhances Millennium Trust's offerings in alternative investment solutions. In April 2023, the company also acquired Accruit, a leading independent Qualified Intermediary and technology service provider specializing in real estate 1031 exchanges. Currently in a phase of significant growth, Millennium Trust is set to rebrand as Inspira Financial in January 2024. This change reflects its commitment to providing integrated solutions that promote comprehensive financial well-being today, tomorrow, and into the future.

About NuView: NuView Trust Company is a South Dakota chartered Trust Company that provides alternative asset custody solutions for individual retirement accounts (IRAs), trusts and organizations. Since 2005, NuView has serviced over 20,000 account holders seeking to invest beyond public equities. With over $2 billion in assets under custody, NuView provides platforms for individuals, financial advisors and investment issuers to access alternative investments for their respective client accounts. To learn more about NuView Trust Company, visit NuViewTrust.com.

About Millennium Trust Company: Millennium Trust Company solves important business challenges through innovative financial wellness solutions that help people plan, save, and invest. With more than 7 million clients holding over $62 billion in assets under custody, we are committed to using our decades of expertise and strong partnership with the financial community to empower employers, advisors and institutions to help people achieve short-term and long-term financial security. Learn more about Millennium Trust at mtrustcompany.com and follow us on LinkedIn. In 2024, Millennium Trust will become Inspira Financial. Learn more at inspirafinancial.com.