Blue Marble Investments, LLC (“Blue Marble,” “we,” “our,” or “us”) is a privately owned limited liability company headquartered in San Luis Obispo, California. Blue Marble is registered as an investment adviser with the State of California.
We are a socially active investment firm that manages portfolios that feature ESG (environmental, social, and governance) screened funds. Blue Marble registered as an independent investment adviser in 2007. From 2000 to 2007, Blue Marble’s manager provided socially responsible investment advice as Blue Marble Investments through another registered investment advisory firm.
Arturo Tabuenca is Blue Marble’s Managing Member and principal owner.
Blue Marble Wrap Fee Program Blue Marble offers discretionary account management to clients through a wrap fee program featuring EarthFolio® model portfolios, as described in this brochure. Blue Marble is both the sponsor and currently the only portfolio manager for our wrap fee program.
In 2007, Blue Marble launched the EarthFolio® portfolio series. EarthFolio® is a collection of online professionally managed model portfolios that feature ESG screened (environmental, social, governance) mutual funds. The EarthFolio® model portfolios are designed to diversify the client’s assets and are available in a range of asset allocation strategies to address various investment objectives. Our current eight portfolios are: Conservative; Balanced; Growth; High Growth; Fossil Free Conservative; Fossil Free Balanced; Fossil Free Growth; and Fossil Free High Growth.
Prior to opening an account, a client will complete a questionnaire on the website, which once completed will suggest the most appropriate model based on the answers provided by the client that pertained to the client’s investment objectives, risk tolerance, and investment time horizon. If the client decides to open an account with Earthfolio, the client will complete an application and receive new account forms online, including an investment advisory agreement and Blue Marble’s Form ADV Part 2 brochure.
Fees for the Program Clients participating in our wrap fee program pay a single bundled fee to Blue Marble for our advisory services and commissions on transactions instead of paying these fees separately. Clients’ EarthFolio® accounts are charged an annual management fee of 0.50% of assets under management. Blue Marble does not negotiate fees on Earthfolio portfolios.
The fees described include transaction costs for securities transactions, but do not include other fees charged by the custodian, such as wire transfer and electronic fund fees, handling, or transfer fees. In addition, if a client transfers assets in kind to an EarthFolio® account, the client will pay the initial transaction costs to liquidate the portfolio. Clients in the program ultimately bear these costs in addition to the wrap fees charged directly to the client.
Participating in the wrap fee program may cost a client more or less than

purchasing investment management and trading services separately. Factors that may affect the cost of a wrap fee program relative to other compensation arrangements include: the advisory fees the client would pay for Blue Marble’s investment management services if the fees were un- bundled; the transaction and execution fees the custodian would charge to the client under a non-wrap fee arrangement, and the frequency and volume of trading activity in the client’s account. Under the terms of this wrap fee program, Blue Marble will pay trading and execution costs imposed by the custodian for transactions in client accounts. This arrangement may present a potential conflict of interest for Blue Marble, as Blue Marble has a financial disincentive to engage in active trading.
Blue Marble generally limits our recommendations to no-load, load waived, and no-transaction fee mutual funds that incur no brokerage commissions. Due to the breadth of such funds available, we believe that this does not meaningfully restrict our portfolio management options and mitigates the conflict.
Billing Method Management fees will be billed quarterly in arrears and will be deducted from the account the following quarter. The initial fee for a new account will be prorated for the number of days in the billing period that the account is under Blue Marble’s management. Initial and subsequent fees will be based on the account’s market value as of the close of business on the last business day of the billing period for which the fee is due.
When it deducts fees directly from client accounts at a selected custodian, Blue Marble will be deemed to have limited custody of client’s assets and must have written authorization from the client to do so. Clients will have access to all account statements and should carefully review those statements for accuracy.
Termination of Agreements Per the terms of the advisory agreement, clients may terminate the agreement without penalty, and with full refund of Blue Marble’s fees, within five business days of signing the advisory agreement, thereafter notification must be made in writing (mail or email) prior to closing or transferring an account. If notice is not given, the client will have 30 days to pay via wire or check before penalties are applied. Upon notice of termination, Blue Marble will calculate the final fees due for services provided through the effective date of termination. Any advisory fees that we have earned for the services provided will be due upon termination. If the final fees are not debited from the client’s account, we will send the client an invoice showing the advisory fees due for services rendered and not yet paid and the client may make payment via personal check or wire transfer.
In the event of a client's death or cognitive impairment, Blue Marble will continue management of the account until an authorized party notifies us of the client's death or disability and gives us alternative instructions.