Salem Trust:
An Authentic
Difference ®

February 15, 2021

Salem Trust will close it's Hollywood, Florida, office beginning in March of this year. Our employees and customer service will not be impacted. Please read the press release.

August 2, 2020

Salem Trust Company completed a system transition on March 1, 2020.Recurring monthly pension payments received in April will show year-to-date information beginning on that date. Toward the end of the year, the previous provider will send you a 1099-R for taxes withheld in January, February and March.  Please see the full announcement for more details.

April 30, 2020

A wonderful compliment from a client’s Chairman of the Board: “Mindy Johnson is our hero. Her diligence and attention to detail uncovered excessive trading activity in our accounts of which we were unaware. She is serious about her fiduciary responsibility to our plan and takes many extra steps to keep our assets safe."

March 3, 2020

The health and safety of our clients, partners and employees is paramount to Salem Trust Company, which is a division of TMI Trust Company. We will continue monitoring official updates on the COVID-19 pandemic. Please click here for the details.

April 4, 2019

TMI Trust Company is pleased to announce its acquisition of Salem Trust Company. Please click here for the details.

January 30, 2019

Salem Trust announces the relocation of its Deerfield Beach office to Hollywood, FL. Please see our Publications tab for the press release.

January 29, 2019

Severe Weather Alert: The extreme cold and wintry conditions in much of the northern U.S. have caused office closures and other business interruptions, but we anticipate that Salem Trust Company’s securities transactions, and its other services, will be processed as scheduled. We will update you if there is a change. The employees of Salem Trust wish the best for the businesses and families who are enduring these extreme conditions.

January 25, 2019

Salem Trust Company is pleased to announce that 1099s have been mailed. This is another year when this important tax information was mailed before the deadline.

January 2, 2019

From a public pension plan retiree: " I just had to call and tell you how happy I am to hear that we are moving back over to Salem! I have NOT been happy since {a competitor} took over."  

December 31, 2018

From a public pension plan retiree: "WOW, I got a real, live person on my first call!!! What a nice surprise! Thank you, Ms. Ashley [Pelletier]. YOU ROCK!!!!!"

December 4, 2018

From a third-party administrator: “Thanks for all your help, patience and willingness to make certain paperwork is ‘perfect’ and an acceptable audit trail. Teamwork can be so rewarding!"

November 29, 2018

From a public pension plan retiree: "I'm so happy that the pension plan is moving back over to Salem Trust, you guys were always so easy to work with and so helpful.”

November 6, 2018

From a plan's investment consultant, RE: transition of investment managers: "Karen [Russo], thank you for the active handling of this challenging transition!"

October 23, 2018

From a plan administrator: "...We have had a couple of situations recently..The assistance on both occasions from Wanda [Gordon] and Karen [Russo] have been stellar...I recently had a similar situation arise with a different custodian and the process was NOT handled in a smooth and effective way..."

September 19, 2018

From a third-party administrator: “Thank you for the quick turnaround!” (This benefits administrator accidentally locked herself out of the benefit payment system, so Karen Russo immediately sent payment extracts so the project could be completed).

September 12, 2018

From the chairman of the board of a public pension plan: "The presentation you [Karen Russo] made at the board meeting was excellent!"

August 28, 2018

From a retirement plan's actuary: “I only wish every custodian was as proactive and helpful as you are!” (In response to Debbie Kocsis providing to the actuary advance notice of how to find an additional account and new statement type for one of Salem Trust’s pension plan clients.)

August 16, 2018

From a plan administrator to the plan's board of trustees: "I just have to tell you all, Salem Trust is awesome. I love working with them. Ashley Pelletier is the best. She bends over backwards to help me with whatever I need. I could not be more satisfied with their service."

August 14, 2018

The 2018 2nd quarter Service Report is now available.

August 9, 2018

From a plan administrator: "I just had a meeting with Karen Russo this morning. I told her how wonderful you (Mallory Parsons) are, how helpful you have been, and that your out-of-the-box thinking helps correct issues."

August 8, 2018

Congratulations to Lynn Skinner, who celebrates her 35th year with Salem Trust and its precedent organization.

July 19, 2018

From a third-party administrator at the FPPTA annual conference: “Ashley Pelletier provides excellent assistance. Her responsiveness really helps me and our clients. She is a joy to work with.”

March 25, 2018

From the recorded session of a government retirement plan’s auditor: “Salem Trust’s service is impeccable and first-rate. We received a 1-hour response [to a question], the best we’ve ever received.” The plan’s administrator, a city employee who also interacts with another custodian, stated “Salem Trust is the best."

SalemTrust Asset Custody

It’s Our Only Business

Being the only company focused exclusively on asset safekeeping is
An Authentic Difference ®>>>

Salem Trust Public Pension Plans and Institutional Clients

Public Pension Plans and Institutional Clients

Focusing on two types of clients creates
An Authentic Difference®>>>

SalemTrust Serving Your Industry Partners

Serving Your Industry Partners

Service Providers, Investment Managers, Stakeholders deserve
An Authentic Difference®>>>

The Salem Trust Service Pledge

Our success as an institutional custodian is determined by you. Our pledge is to deliver custody services that create relationships that last for decades.

Learn More


Investment positions custodied, including manually-priced sundry assets


of the 2017 S&P 500 are named in securities class action lawsuits. Salem Trust offers a hassle-free solution


Of our 75,000 annual pension benefit payments are issued on the first payment date of the month; neither snowstorm nor hurricane prevents us from reaching a retiree

An Authentic Difference


happens because of direct access to real professionals and real service

An Authentic Difference


shows by Salem Trust’s high client retention rate

An Authentic Difference


delivers automatically through the Salem Trust Service Pledge

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