March 16, 2020 | I hope this message finds you, your family, your clients and your colleagues well and safe. Clark Capital continues to monitor the coronavirus (COVID-19) outbreak very closely. The health and safety of our employees, advisors, clients, and their communities is our top priority. It is our goal to ensure the wellbeing of our employees while continuing to deliver the outstanding service and asset management excellence you expect from Clark Capital.
Clark Capital has an established Business Continuity Plan (BCP) in place to ensure we can continue to operate effectively during emergencies and significant business disruptions. It is tested on an ongoing basis. Over the past few weeks, our Executive Team and Business Continuity Team have conducted several firm-wide trainings on BCP and successfully tested its procedures with no reported issues.
In addition, we are closely monitoring any new and additional guidance from the CDC, World Health Organization and other federal, state and local agencies. We have implemented the following measures to protect our employees and minimize the spread of COVID-19:
- Effective March 16th, 2020, we have enacted a mandatory telecommuting program for all employees, following the guidance of the Commonwealth of Pennsylvania and City of Philadelphia;
- We have temporarily suspended all nonessential business travel; and
- We are reviewing all of our nationwide events to reduce any unnecessary exposure and we will communicate with clients as events change from in person meetings to virtual meetings.
As more information becomes available, additional policy changes may take effect and we will be sure to communicate any updates. We are incredibly grateful for the opportunity to serve you, and we remain fully functional and ready to support you during this challenging time. We are here for you, and with you, with the common goal of helping investors.
If you have any questions, please do not hesitate to contact us.
Sincerely,
Brendan M. Clark, CFA®
Chief Executive Officer