Diversity, Equity, & Inclusion
At Garcia Hamilton & Associates, L.P. (GH&A), diversity is a mindset and philosophy that permeates everything we do from the management of the Firm to the management of investments. We believe the commitment to diverse, inclusive, and transparent corporate governance starts with the asset manager and its own internal practices, not just the securities the manager evaluates for the portfolio. At GH&A we practice what we preach, to ensure corporate governance and D&I is reflected in our professionals, investments, vendor relationships, stewardship, and community engagement.
GH&A is proud to be 100% employee owned and operated as well as MBE/HUB certified in several states and cities with 87% of the Firm ownership held by minority and women partners and 62% held by minority partners. Diversity is reflected at all levels – ownership, senior management, investment team, and overall staff – and across all departments – investment team, marketing and client services, operations, and administration – of the Firm. We always look for “reasons to make diversity work” rather than “reasons to eliminate diversity.” Our efforts have led to approximately 67% of the Investment Team and 87% of all Firm staff being minority or women.
We strive to set an example as an industry leader in fixed income solutions for institutional clients, as well as a leader in corporate D&I. We believe diverse backgrounds lead to better solutions. The Firm has promoted women and minorities into leadership and executive management roles across all departments including Named Partner, Portfolio Manager, Director of Marketing and Client Services, Chief Compliance Officer, Operations Manager, and Client Relations Manager.
We feel strongly that our employees are some of the hardest working and dedicated professionals in the business. The contribution of our women and minority team members to the Firm’s success and industry has been profound. Companies that provide good jobs and offer better wages, benefits, and career advancement should perform better, and we believe fostering a diverse and inclusive work culture is a major competitive advantage and brings significant benefit to our clients.
GH&A MBE/HUB Certifications
|City/State/Agency||Type of Certification|
|California Public Utilities Commission||MBE|
|City of Houston, TX||MBE|
|City of Philadelphia, PA||MBE|
|City of Rockford, IL||MBE|
|New York City||MBE|
|New York State||MBE|
|Port Authority of New York & New Jersey||MBE|
Awards & Recognition
Each third-party award and/or ranking about Garcia Hamilton & Associates, L.P. (GH&A) or its representatives was given based upon various criteria and methodologies. Awards and/or rankings may not be representative of actual client experiences and are not indicative of any future performance. GH&A has not paid a fee to be considered for the awards/rankings as specifically mentioned in the applicable criteria and methodology disclosures. View information regarding each individual award by clicking on the images below.
Garcia Hamilton & Associates is honored to have received recognition as a 2022 Outstanding Diverse Organization by the Houston Business Journal. Our Managing Partner, Gilbert Garcia, was also named a 2022 Outstanding Diversity Champion.
We actively seek a pipeline of quality, diverse candidates in our recruitment and hiring practices. It is the policy of GH&A to provide equal opportunity in employment to all employees and applicants for employment. We believe in promoting from within, which has led to a high concentration of minority and women in senior leadership and management roles across all departments including Investment Professionals (67%) and Senior Executives/Management (83%). We recruit, hire, train, and promote individuals in all job titles without regard to race, color, creed, religion, ancestry, sexual orientation, national origin, age, gender, disability, military status, or any other characteristic.
We recruit the best, but more importantly, we retain the best by offering a competitive salary, superior benefits, annual bonuses, and equity ownership. First, we offer a very competitive salary based on an individual’s experience and expected contribution to the Firm. Second, all employees are eligible for a general annual bonus that is tied directly to the overall performance of the individual as well as the profitability of the Firm. Lastly, all GH&A senior professional staff are eligible for equity ownership with the most equity distribution occurring annually.
Regarding diverse brokerage, GH&A executes transactions with a broad group of broker/dealers and will always solicit at least one bid or offer from a woman, minority, or veteran-owned firm for each transaction. Our brokerage goal is a firm-wide initiative and is implemented for all accounts even if there is no client-directed mandate to do a certain percentage of transactions with diverse firms. We are proud to have executed in competition approximately 65% of all trades over the last 5-year period to MWVD firms.
We also seek MWBE firms when selecting all vendors. We believe in paying-it-forward and also support minorities and women at large organizations. Currently, we have contracts with five MWBE vendors (not including brokerage) and work with several other firms where our primary contact is a woman or minority.
Mentoring the Next Generation of Leaders
We train and prepare all employees, including women and minority employees, for promotion through mentorship and pairing employees with senior team members to educate them on the industry as well as to serve as a sounding board and extra layer of support. Many of our Partners started at GH&A as junior team members and were mentored and developed for senior level positions. We challenge junior team members by assigning a diverse set of both client and investment-facing projects to expose them to different key areas of the Firm and to present more opportunities and tools to succeed. Furthermore, we encourage all our team members to participate in client and consultant outreach and meetings to build confidence in their role as a representative of GH&A. These practices have led to 12 of our 16 Partners being women and/or minority.
The Firm is committed to mentoring future generations of women and minority youth in the industry through our paid-internship program. Each summer, GH&A hosts a robust paid training program for twenty undergraduate and high school students, for which we prioritize minority and women applicants. Interns gain valuable exposure and hands-on learning from senior staff in the highly competitive investment industry.
We understand the value and impact of minority and women youth seeing and hearing from diverse senior leaders in the asset management industry. The Firm mentors youth throughout the Houston community by participating in career days and speaking engagements at college campuses, high schools, and conferences.
While we do not source team members through our mentorship initiatives, we are proud that five of our current employees participated in our internship program, including two Partners who are senior members of our investment team.
Contact us for more information regarding our internship program or community mentoring.
Industry & Non-profits
6As a leader in the investment management industry, GH&A seeks to serve as a positive example for other women- and minority-owned firms and to leave a legacy of impactful change to close the inequality gap in the industry. As such, GH&A is committed to a more transparent and diverse corporate citizenship within the industry. The Firm has collaborated with a variety of organizations to promote corporate governance and diversity and inclusion (D&I) initiatives in the industry including the recruitment and retention of women and minorities. Our outreach efforts are robust and include the involvement of our Firm Partners and professionals in senior level positions and advisory roles with National Association of Securities Professionals (NASP), Diverse Asset Managers Initiative (DAMI), Sponsors for Educational Opportunity (SEO), the CFA Institute, and the Securities Exchange Commission (SEC) through FACA Committees: Fixed Income Market Structure Advisory Committee (FIMSA), and Asset Management Advisory Committee (AMAC).
In addition to sharing our time and knowledge, we believe in giving back to the community financially. The Firm has contributed over $3.8 million to many charitable organizations with a focus on education, diversity, and veterans over the past several years. Additionally, GH&A is a significant sponsor of the Robert Toigo Foundation Fellows Program, which supports diverse MBA candidates committed to careers in finance.
Principles for Responsible Investment (PRI) Reporting
GH&A become a signatory to the United Nation's supported PRI June 2019. Our most recent Transparency Report was filed May 2021.
A copy of our PRI Assessment Report is available upon request.
Any information contained in this correspondence is for informational purposes only and is not intended as an offer or solicitation with respect to the purchase or sale of any security. Rankings and recognitions by unaffiliated publications should not be construed by a client or prospective client as a guarantee that GH&A will provide a certain level of results in client accounts, nor should they be construed as current or past endorsements of GH&A by clients. Such publications base their selections on information prepared and/or submitted by the sponsor organization. Investments in securities involve the risk of loss. Past performance is no guarantee of future results. Do not rely upon this information to predict future investment performance or market conditions. This information is not a substitute for consultation with a competent financial, legal, or tax adviser and should only be used in conjunction with their advice.