Board approves read-only Salem Trust access for consultants to streamline portfolio reviews
September 14, 2026 | Edgewater, Volusia County, Florida
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The pension board authorized read-only access to the plan’s Salem Trust account for specified consultant teams (Foster, Kaufman, Jensen and Levinson) so consultants can monitor holdings and respond quickly to portfolio turnover events.
Bonnie (Foster & Foster) described the access as a standard operational convenience used with other custodians and said the firm is comfortable with read-only permissions. A trustee moved to contact Salem Trust to grant the access and the motion passed by voice vote. Trustees said the access will reduce administrative friction when consultants need to examine holdings during turnover events or to prepare reports for trustees.
Bonnie (Foster & Foster) described the access as a standard operational convenience used with other custodians and said the firm is comfortable with read-only permissions. A trustee moved to contact Salem Trust to grant the access and the motion passed by voice vote. Trustees said the access will reduce administrative friction when consultants need to examine holdings during turnover events or to prepare reports for trustees.
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