Assetmark Financial Holdings Inc's Comment on Supply Chain
The company depends on suppliers for data hosting and service providers for access to computer equipment, electronic delivery systems, and the Internet. Contractual disputes or failure to renew agreements on acceptable terms may disrupt services. The company maintains off-site backup facilities for electronic information and computer equipment, which may face similar interruptions as primary facilities. Such disruptions could materially impact operations, financial condition, and customer retention. The company is subject to federal and state Internet regulations that may increase costs or necessitate changes to its business model. Noncompliance with these laws could harm the company's reputation and result in legal actions. Disaster recovery plans are implemented to protect infrastructure from catastrophes, cyber-attacks, and other events; however, these events could adversely affect employees, facilities, clients, financial markets, or the economy.
Assetmark Financial Holdings Inc's Comment on Supply Chain
The company depends on suppliers for data hosting and service providers for access to computer equipment, electronic delivery systems, and the Internet. Contractual disputes or failure to renew agreements on acceptable terms may disrupt services. The company maintains off-site backup facilities for electronic information and computer equipment, which may face similar interruptions as primary facilities. Such disruptions could materially impact operations, financial condition, and customer retention. The company is subject to federal and state Internet regulations that may increase costs or necessitate changes to its business model. Noncompliance with these laws could harm the company's reputation and result in legal actions. Disaster recovery plans are implemented to protect infrastructure from catastrophes, cyber-attacks, and other events; however, these events could adversely affect employees, facilities, clients, financial markets, or the economy.
Sources:
Assetmark Financial Holdings Inc 's official press releases and regulatory filings; CSIMarket.com's supply-chain research; and the financial filings and press releases of other companies cited in this report.
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