Reviews

This profile includes reviews for Inspira Financial Trust, LLC's headquarters and its corporate-owned locations. To view all corporate locations, see Find Local Branches.

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Inspira Financial Trust, LLC has 4 locations, listed below.

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  Inspira Financial Trust, LLC

  2001 Spring Rd Ste 700 Oak Brook, IL 60523-1890

  
• 

  Millennium Trust Company

  8 Penn Ctr West Suite 101 Pittsburgh, PA 15276

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  Millennium Trust Company

  PO Box 940287 Plano, TX 75094-0287

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  Inspira Financial

  Omaha, NE 68164

Review Details

• Review fromALEXANDER A

  Date: 03/20/2023

  1 star
  My *** was transferred to this company without my knowledge. A small account, $1000. Now Millenium is charging me $35 annual fee and $10 paper statement fee. I've never paid such outrageous fees. I spent 1 hour on the phone with them trying to get a refund, no success thus far. Someone should investigate their gouging fees.

• Review fromJoe W

  Date: 03/03/2023

  1 star
  I'd like to give this company zero stars. It's taken me as long as six weeks to get my money--repeat MY money--from them. I finally got disgusted enough to close my account and they charged me a $50 "close account" fee. Who does that? People should be able to decide to not do business with a company without being docked for it. Can you imagine someone deciding not to shop at a particular grocery store any more and the store charging them $50 for their decision? It's the same scenario.

• Review fromMegan H

  Date: 02/23/2023

  1 star
  Furious. This good for nothing God forsaken company is a bunch of crooks.I unknowingly own an account with them. Part of my *************** from my previous job was somehow transferred to them, while majority transferred to a new institution designated. I realized that $50+ in fees, including a newly added paper statement fee has be deducted from my account in the past 10 years. TEN years. Not only did i not know i had an account with them, they have been mailing statements to the wrong address so i hadnt gotten statements. TEN years of my hard earned money down the drain in their disgusting and rediculous fees. Absolute crooks. Charging these fees are just absurd in the years when large financial institutions waive most of not all fees including stock purchasing fees. Judging from the reviews, Im not alone. I am so so so upset. Absolutely disgusted.

• Review fromRodolfo a

  Date: 02/17/2023

  1 star
  This organization needs to be investigated. It appears they make it as difficult as possible to get your money. As mentioned by other people even their website has issues. I suspect this is by design. I have seen a similar scam where they purposely make their website appear to be having technical difficulties to prevent you from accessing certain pages. I can't even create an account because it keeps returning errors.

• Review fromTrisha S

  Date: 02/15/2023

  1 star
  I had a card from them attached to cash app I moved over money several times ,one day I did it again they Took my money held it for 8 days then said I have to call them on the 8th day to remind them to send my money IN CHECK BECAUSE THEY SAID I VIOLATED TRANSFER OF FUNDS . They are a joke

• Review fromJim B

  Date: 02/14/2023

  1 star
  My *** was transferred to Millennium, no communication received from my initial requests by email or phone. I have been trying to transfer custodian account for 4 months. Always some lame excuse, missing signature etc. Latest is they mailed the check 5 weeks ago to new institution, never received, stopped payment, now say it will be another week to get check.. Been lied to ,misled. A scam company. one star review. **********

• Review fromAn M

  Date: 02/10/2023

  1 star
  My account was handed over without my knowledge. I found out when I received a letter detailing various fees they charges since they took over. The letter included an unusable web link to "create an account" to access more info about my account with them. I used the email from their contact page to contact them and they just send a generic copy/paste message that tells you to call their phone number for info and visit their useless site. They will not answer basic questions of any kind no matter how you ask. If these other reviews are accurate, this is only the tip of the iceberg and getting my money away from them may not even be possible. They refuse to even describe the process of closing an account over email without me jumping through hoops the way many others here describe. It definitely feels like a scam, and I'm shocked that my account could be transferred to them without even some kind of notification.

• Review fromJanie G

  Date: 02/08/2023

  1 star
  My previous employer moved my IRA to this company. Due to their website not working properly, I was forced to stay with them and "open an account". A few years in, through strange fees from "missing address fee" to "yearly fee" they drained my account to negative, forcing me to liquidate my account. After liquidating my shares I asked to close my account and send me the remaining funds, however their fees to send me my money and close the account exceeded what was left of my IRA.
  They basically drained me of my IRA. If any attorney is reading this and wishing to start a class action lawsuit, count me in!

• Review fromJanice L

  Date: 02/07/2023

  1 star
  If I could give no stars, I would. My *** was transferred from another bank to Millennium Trust. I withdrew the money, because it was being quickly eaten up by hidden fees from Millennium Trust. Millennium Trust then sent an incorrect 1099R to the ***, saying that the taxable amount of my *** distribution was the SAME as the gross distribution. In fact, only a tiny fraction of the distribution was taxable. I sent them my bank statements and social security statements showing that I had made post-tax contributions to the account. I hassled with them for weeks to get them to correct the 1099R. I even sent them the *** instructions for filling out the 1099R, but they still refused to issue a corrected form. I told them that they could leave box 2a blank, but they insisted on putting in the gross distribution amount as the taxable amount. They said this is the way they always filled out the 1099R, and they would continue to screw over their customers in this fashion.

• Review fromYu Z

  Date: 01/31/2023

  1 star
  This company justfies a negative rating.I cannot agree more with other reviewers. The only thing this company is good at is taking all your retirement funds into their possession. This company is so despicable to invoke this complaint. I'm also filing a complaint against my former employer GE for irrespossibly rolling my retirement funds into their hands!!! Any company that cares about their employees should never do that!!! I hope all resposible employer will listen so less people will fall in the trap.GE rolled my pension funds to Millennium Trust company after I left GE, without my approval!!! Once the funds got rolled into Millennium, it became their piggy bank. Even through it is a cash account, the funds has been shrinking ever since. If I leave it there unattended, all my funds will eventually become theirs. There are monthly maintenance fees and fees for paper statements. In order to open a new account, one need to first provide a credit card for them to charge fees. I have never seen any other financial firm charging such outrageous amount of fees.What do they do for you with such outrangeous amount of fees? I have to make numerours calls in order to take my funds back from them. The majority of my pension funds are post tax dollars. Every representative I talked would initially tell me all my funds are pre-tax, even though GE provided them roll-over document clearly stating the post dollar amount. I have to convince everyone otherwise. They intentionally keep the distribution process difficult, need to prepare various documents, and unnecessarily long wait. Even after all my explanations, they still produce a tax document for my distribution indicating all the funds are pre-tax and refuse to make any corrections. They don't care if the costumers get double taxed. Why do you change all the outrageous fees and yet cannot even get the tax document correct, and yet brazonly refuse to correct it!