Ensemble Capital Management Stands Against Racism

8 June 2020 | by Ensemble Capital

It should go without saying that Black lives matter. But today it does require saying. Black lives absolutely matter.

We know it is not enough to express our values. Change happens because of actions.

Effective immediately, we are reorienting our philanthropic giving program to focus on organizations seeking to eliminate systemic racism, particularly racism against Black Americans. Our initial step will be to make a $30,000 donation to the NAACP, whose mission is to ensure a society in which all individuals have equal rights without discrimination based on race.

But a donation will do nothing to address the fact that Ensemble Capital’s employees are 20% people of color with no Black professionals on our team. Effective immediately, we commit to taking proactive steps in our hiring process to bring more racial diversity to our team. We know these strategies can work. We previously implemented proactive steps to bring more gender diversity to our team and 44% of new hires since then have been women.

We stand against racism and we stand with Black Americans.

It is also one of our core values to be nonpartisan in our investment analysis and financial advising. Our staff holds a variety of political views and our clients, who are spread out across the country, represent the full spectrum of political affiliations.

But there is nothing partisan about being anti-racist.

For more information about positions owned by Ensemble Capital on behalf of clients as well as additional disclosure information related to this post, please CLICK HERE.

While we do not accept public comments on this blog for compliance reasons, we encourage readers to contact us with their thoughts.

Past performance is no guarantee of future results. All investments in securities carry risks, including the risk of losing one’s entire investment. The opinions expressed within this blog post are as of the date of publication and are provided for informational purposes only. Content will not be updated after publication and should not be considered current after the publication date. All opinions are subject to change without notice and due to changes in the market or economic conditions may not necessarily come to pass. Nothing contained herein should be construed as a comprehensive statement of the matters discussed, considered investment, financial, legal, or tax advice, or a recommendation to buy or sell any securities, and no investment decision should be made based solely on any information provided herein. Links to third party content are included for convenience only, we do not endorse, sponsor, or recommend any of the third parties or their websites and do not guarantee the adequacy of information contained within their websites. Please follow the link above for additional disclosure information.