AssetMark

Risk Level:

Medium Risk

Summary:

AssetMark incorporates ESG into all of its business practices, including the methods in which the company promotes client investment strategies. The company's DE&I council introduced trainings for employees and diversity quotas in hiring. AssetMark has also used corporate funding to support LGBTQ organizations. AssetMark has not terminated existing business relationships due to views or beliefs. AssetMark does not discriminate against religious charities. For these reasons, AssetMark receives a Medium Risk rating.

Criteria

Risk Level

Rationale

Corporate Weaponization

Criteria

Has denied service to customers, suppliers, or vendors due to their political views or religious beliefs OR corporately boycotts, divests, or sanctions regions, people groups, or industries.

Risk Level

Rationale

There are no publicly known examples of AssetMark firing employees or canceling contracts based on viewpoints. AssetMark incorporates ESG into all of its business practices, including strict DEI requirements in hiring (1)(2).

Criteria

Charitable giving (including employee matching programs) policies or practices discriminate against charitable organizations based on views or religious beliefs.

Risk Level

Rationale

AssetMark does not have a written rule discriminating against religious organizations in its charitable giving (1).

Criteria

Employment policies fail to protect against discrimination based on political affiliation/views and/or religion.

Risk Level

Rationale

AssetMark does not have written policy to protect its employees from viewpoint discrimination (1).

Corporate Governance and Public Policy

Criteria

Uses corporate reputation to support ideological causes and/or organizations hostile to freedom of expression.

Risk Level

Rationale

AssetMark has a library of DE&I courses intended to train employees on an array of topics, including unconscious bias training (1). The company integrates ESG into all of its business practices (1). AssetMark explicitly communicates racial identity-based priorities for new hires (2).

Criteria

Uses corporate funds to advance ideological causes, organizations, or policies hostile to freedom of expression.

Risk Level

Rationale

AssetMark partners with One-n-Ten, which provides programming regarding life-changing medical and hormonal treatments to potentially underage youths, among many other health services (1)(2).

Criteria

Uses corporate political contributions for ideological, non-business purposes.

Risk Level

N/A

Rationale

AssetMark does not operate a PAC or publicly disclose its political contributions.

All links were last accessed and all information was updated on:
May 26, 2023

Company reports are intended for educational use only. Full Disclaimer

Related Companies: