A. Firm Information
Bluesphere Advisors LLC (“Bluesphere” or the “Advisor”) is a registered investment advisor with the U.S.
Securities and Exchange Commission (“SEC”). The Advisor is organized as a Limited Liability Company (“LLC”)
under the laws of the Commonwealth of Pennsylvania. Bluesphere was founded in May 2016 and is owned and
operated by Sanjay K. Pawar (President and Chief Executive Officer). This Disclosure Brochure provides
information regarding the qualifications, business practices, and the advisory services provided by Bluesphere.
B. Advisory Services Offered
Bluesphere offers investment advisory services to individuals, high net worth individuals, institutions, trusts, and
estates (each referred to as a “Client”).
The Advisor serves as a fiduciary to Clients, as defined under the applicable laws and regulations. As such, each
recommendation made as part of the advisory services is based on the belief that the recommendation is in the
Client's best interest. Bluesphere’s fiduciary commitment to each Client is further described in the Advisor’s Code
of Ethics. For more information regarding the Code of Ethics, please see Item 11 – Code of Ethics, Participation
or Interest in Client Transactions and Personal Trading.
Investment Management Services
Bluesphere provides customized investment advisory solutions for its Clients. This is achieved through
continuous personal Client contact and interaction while providing discretionary and non-discretionary investment
management and related advisory services. Bluesphere works with each Client to identify their investment goals
and objectives as well as risk tolerance and financial situation in order to create a customized investment
strategy. Bluesphere will then construct an investment portfolio, consisting primarily of institutional mutual funds
and/or exchange-traded funds (“ETFs”) to achieve the Client’s investment goals. The Advisor may also utilize
individual stocks, individual bonds, and/or options, as appropriate, to meet the needs of its Clients. The Advisor
may retain certain legacy investments based on portfolio fit and/or tax considerations.
Bluesphere’s investment approach is primarily long-term focused, but the Advisor may buy, sell or re-allocate
positions that have been held for less than one year to meet the objectives of the Client or due to market
conditions. Bluesphere will construct, implement and monitor the portfolio to ensure it meets the goals,
objectives, circumstances, and risk tolerance agreed to by the Client. Each Client will have the opportunity to
place reasonable restrictions on the types of investments to be held in their respective portfolio, subject to
acceptance by the Advisor.
Bluesphere evaluates and selects investments for inclusion in Client portfolios only after applying its internal due
diligence process. Bluesphere may recommend, on occasion, redistributing investment allocations to diversify
the portfolio. Bluesphere may recommend specific positions to increase sector or asset class weightings. The
Advisor may recommend employing cash positions as a possible hedge against market movement. Bluesphere
may recommend selling positions for reasons that include, but are not limited to, harvesting capital gains or
losses, business or sector risk exposure to a specific security or class of securities, overvaluation or
overweighting of the position[s] in the portfolio, change in risk tolerance of the Client, generating cash to meet
Client needs, or any risk deemed unacceptable for the Client’s risk tolerance.
At no time will Bluesphere accept or maintain custody of a Client’s funds or securities, except for limited authority
as outlined in Item 15 – Custody. All Client assets will be managed within their designated account[s] at the
Custodian, pursuant to the investment advisory agreement. For additional information, please see Item 12 –
Brokerage Practices.
Retirement Plan Rollover Recommendations – When deemed to be in the Client’s best interest, the Advisor will
recommend that a Client roll over its retirement plan account into an account managed by the Advisor. In such
instances, the Advisor will serve as an investment
fiduciary as that term is defined under The Employee
Retirement Income Security Act of 1974 (“ERISA”). Such a recommendation creates a conflict of interest as the
Advisor will earn a new (or increase its current) advisory fee as a result of the rollover. No client is under any
obligation to roll over retirement plan assets to an account managed by the Advisor.
Financial Planning Services
Bluesphere will typically provide a variety of financial planning services to individuals and families, pursuant to a
written financial planning agreement. Financial planning and consulting services, including business transition
services may also be included as a component of a Client’s investment management services in order to provide
a holistic service to certain Clients. Services are offered in several areas of a Client’s financial situation,
depending on their goals and objectives.
Generally, such financial planning services will involve preparing a financial plan or rendering a financial
consultation based on the Client’s financial goals and objectives. Planning engagements may encompass one or
more areas of need, including, but not limited to investment planning, retirement planning, personal savings,
education savings, insurance needs and other areas of a Client’s financial situation. Financial consultation may
also encompass business transition services, such as business valuation, deal structure, transition support,
coordination of legal and accounting service providers. The Advisor also integrates a Client’s business transition
plan with a personal financial plan.
Bluesphere may also refer Clients to an accountant, attorney or another specialist, as appropriate for their unique
situation. For certain financial planning engagements, the Advisor will provide a written summary of Client’s
financial situation, observations, and recommendations. For consulting or ad-hoc engagements, the Advisor may
not provide a written summary. Plans or consultations are typically completed within six months of contract date,
assuming all information and documents requested are provided promptly.
Financial planning recommendations pose a conflict between the interests of the Advisor and the interests of the
Client. For example, the Advisor has an incentive to recommend that Clients engage the Advisor for investment
management services or to increase the level of investment assets with the Advisor, as it would increase the
amount of advisory fees paid to the Advisor. Clients are not obligated to implement any recommendations made
by the Advisor or maintain an ongoing relationship with the Advisor. If the Client elects to act on any of the
recommendations made by the Advisor, the Client is under no obligation to implement the transaction through
the Advisor.
C. Client Account Management
Prior to engaging Bluesphere to provide investment advisory services, each Client is required to enter into one or
more agreements with the Advisor that defines the terms, conditions, authority and responsibilities of the Advisor
and the Client. These services may include:
● Establishing an Investment Strategy – Bluesphere, in connection with the Client, will develop a strategy
that seeks to achieve the Client’s investment goals and objectives.
● Asset Allocation – Bluesphere will develop a strategic asset allocation that is targeted to meet the
investment objectives, time horizon, financial situation and tolerance for risk for each Client.
● Portfolio Construction – Bluesphere will develop a portfolio for the Client that is intended to meet the
stated goals and objectives of the Client.
● Investment Management and Supervision – Bluesphere will provide investment management and
ongoing oversight of the Client’s investment portfolio.
D. Wrap Fee Programs
Bluesphere does not manage or place Client assets into a wrap fee program. Investment management services
are provided directly by Bluesphere.
E. Assets Under Management
As of December 31, 2022 Bluesphere manages approximately $304,356,571 in Client assets all of which are
managed on a discretionary basis. Clients may request more current information at any time by contacting the
Advisor.