Inspira Financial, founded in 2000, is a financial services company originally known as Millennium Trust Company. It began with a focus on individual retirement account (IRA) custody and administration and has since expanded its offerings to include a broad range of retirement and wealth solutions. These include retirement plan participant search services, white-label and direct IRA rollover solutions, automatic IRA rollover services, institutional fund custody, paying agent distribution services, and specialized services like qualified real estate 1031 exchanges. Inspira is one of the few independent providers administering both traditional and alternative assets, positioning itself as a versatile partner for institutional clients, investment sponsors, advisors, employers, and individual investors to capitalize on emerging market trends and unique financial opportunities.

The company underwent a significant rebranding in 2024 when Millennium Trust Company merged with PayFlex, a provider of health savings accounts and consumer benefit administration services, and adopted the Inspira Financial name. This rebranding reflects a strategic move toward a more holistic approach to financial wellness, combining retirement and wealth services with health and benefits solutions under streamlined operations.

Inspira Financial’s health and benefits division offers a wide array of consumer-directed benefits, including health savings accounts, flexible spending accounts, emergency savings funds, commuter benefit plans, and COBRA administration, thanks to acquisitions of companies such as Benefit Resource Inc., ProFlex, and Maestro Health. This expanded suite of services enables the company to serve employers, advisors, and institutions with comprehensive financial wellness offerings.

Headquartered in Oak Brook, Illinois, Inspira Financial is recognized as a leader in its industry with over 45,000 unique alternative assets under custody, expanding possibilities for client growth. Its mission revolves around pioneering innovative health and wealth solutions to meet evolving financial needs in the marketplace.