Core Custody Services
Your Assets, Our Commitment.
Salem Trust performs the services of a custodian bank. Our government retirement plan and institutional clients experience these familiar asset and safekeeping services, delivered with uncommon support:
- Attendance at trustee and client meetings
- Statements that easily consolidate sub-accounts
- Client-selected sub-accounts that quickly distinguish separately managed accounts (SMAs), mutual funds, and operating accounts
- Client-selected statement formats selection (trade date, settlement date, executive summary), with flexibility for service providers to select a different format
- Processing of affirmed and non-affirmed security trades from U.S. exchanges
- Fraud prevention through online access to a non-transactional portal with access hierarchy and client-customized reports
- Asset pricing of marketable, non-marketable, and hard-to-value assets
- Collection of income and dividends
- Paydown processing of mortgage- and asset-backed securities
- Cash management from automated sweep services and an integrated cash report
- Internal free receipts and deliveries
- Support for proxy voting and tendering
- Corporate action processing
- Tax reporting
Additional Institutional Custody and Asset Servicing
Custody Service Report
Our promise is An Authentic Difference® in transparency. Each quarter, we publish a report on operational stability and performance for the benefit of all clients. The Salem Trust Service Report Summary analyzes five behind-the-scenes functions essential to core custody services...
Asset Custody
Salem Trust is the custodian of choice for all types of assets traded through U.S. securities exchanges...
Trade Processing
The strategies of our clients and their investment partners range from passive to active strategies that trade more than 150,000 securities per year. We process trades on any U.S. exchange initiated by an affirming or a non-affirming manager. We also facilitate portfolio rebalancing from a pre-approved direction supplied by a client’s investment consultant...
Open Architecture
Salem Trust is an independent custodian. Our choice of platform is not constrained by investments in legacy systems. At Salem Trust, clients experience...
Connect with Salem Trust
An Authentic Difference® happens when clients are treated with real service.