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Salem State University Awards Investment Management Contract to Eastern Bank Wealth Management (April 2024)

Salem State University logoSalem State University
Approved
Apr 10, 2024
Term
Jan 1, 2025 - Dec 31, 2029

The 30-second brief

What it covers

Salem State University approves five-year renewal option with Eastern Bank Wealth Management, expected to operate as Cambridge Trust post-merger. The contract, beginning January 1, 2025, includes termination provisions with 90 days' notice and maintains a flat fee structure of 45 basis points.

Who holds it

Eastern Bank Wealth Management holds this investment management contract with Salem State University. Its other public contracts on record include work for North Shore Community College.

What happens next

Term as filed: Jan 1, 2025 - Dec 31, 2029.

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Contract details

Contract type
Investment Management
Document date
April 10, 2024
Term
Jan 1, 2025 - Dec 31, 2029
Vendor
Eastern Bank Wealth Management
Agency
Salem State University
Source document
board_of_trustees_meeting_minutes_april_10_2024.pdf (Minutes)

Eastern Bank Wealth Management's other public contracts

Salem State University, MassachusettsNew Management plan helps Salem State. · Apr 9, 2025UndisclosedSalem State University, MassachusettsUniversity Retains Eastern Bank Wealth Management for Investment Services · May 22, 2024UndisclosedSalem State University, MassachusettsEastern Bank Wealth Management contract renewed for five years · Mar 20, 2024UndisclosedNorth Shore Community College, MassachusettsEastern Bank Wealth Management to Discuss College's Investments · Mar 12, 2024UndisclosedSalem State University, MassachusettsEastern Bank Wealth Management Oversees SSU Investments · Jan 24, 2024UndisclosedAll Eastern Bank Wealth Management contractsVendor profile

More Salem State University contracts

WITHUMSalem State Discusses FY2026 Audit With Withum · May 20, 2026UndisclosedNational Institute for Student Success (Niss)Salem State Continues Student Success Work With NISS · May 20, 2026UndisclosedCambridge TrustCambridge Trust Reviews Salem State Investment Performance · May 20, 2026UndisclosedMassachusetts State College Building Authority (Mscba)Salem State Authorizes MSCBA BOLD Project Bond Issuance · Apr 8, 2026WITHUMSalem State Approves Withum Auditing Services Through FY2028 · Apr 8, 2026All Salem State University activityAgency profile

Questions about this contract

Who was awarded the investment management contract by Salem State University?

Eastern Bank Wealth Management was awarded this investment management contract by Salem State University, as recorded on April 10, 2024.

What type of contract is this?

This is a Investment Management contract, documented as a minutes record.

Where was this contract approved?

This contract appears in board_of_trustees_meeting_minutes_april_10_2024.pdf (Minutes), dated April 10, 2024 from Salem State University. Civic IQ extracts contract records directly from agency meeting documents and solicitations.

What other contracts does Eastern Bank Wealth Management hold?

Eastern Bank Wealth Management may hold additional government contracts. View their full contract history, the agencies they serve, and total tracked spend on their Civic IQ vendor profile.

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What is Salem State University currently buying?

Explore Salem State University's vendors, signed contracts, and active RFPs on their Civic IQ agency profile.

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