Bluesphere Advisors LLC (East Norriton)


Bluesphere Advisors LLC is a large advisory firm based in East Norriton. It manages $112.28 million of regulatory assets for 508 client accounts. It has been registered with the SEC as an adviser since 2016 and has operated in the jurisdictions of Delaware, New Jersey, Pennsylvania, and Texas.

Bluesphere Advisors provides financial planning services, portfolio management for individuals and small businesses, and portfolio management for businesses and institutional clients. It prepares financial plans for more than 10 clients. On top of advisory services, the firm doesn't engage in other business activities.

Bluesphere Advisors: assets under management

The assets under management (AUM) of Bluesphere Advisors LLC is $112.28 million. The company doesn't manage any assets belonging to foreign clients.

The firm manages $68.81 million in discretionary accounts and $43.47 million in non-discretionary accounts. On average, the discretionary accounts where all decisions are made on behalf of the client hold $193.3 thousand each. Non-discretionary accounts, where clients actively manage their portfolios, generally hold around $285.98 thousand.
Bluesphere Advisors has custody of $3.56 million in cash and securities for 2 clients in total but doesn’t act as a qualified custodian.

Investments

The firm invests in investment and business development companies the most. They account for 30% of the total AUM. The second-largest asset type is exchange traded securities, which make up 30% of the firm’s portfolio. Investments in non-exchange traded securities form 20% of the total invested assets.

Fees & Commissions

The advisory firm has several streams of revenue. Clients pay Bluesphere Advisors LLC for their services and products based on a percentage of assets under management, hourly charges, fixed fees, and performance-based fees. Flat-fee based compensation is the most transparent and the one you can safely predict in advance. These fees don’t include brokerage commissions, interest, taxes, and other account expenses.

What kind of clients Sanjay Krishnarao Pawar serves?

The firm provides services to individuals and high net worth individuals. The largest group of clients of Sanjay Krishnarao Pawar is individuals with 180 clients and $58.11 million of assets under management. Among the 10 most similar advisory firms, Bluesphere Advisors has the 2nd highest percentage of individuals out of all clients.

The amount of regulatory assets under management is $112.28 million for 208 clients that can include trusts, estates, and 401(k) plans and IRAs of individuals and their family members. None of the firm’s clients are foreign persons or businesses.

Bluesphere Advisors doesn't advise any private funds.

Careers at Bluesphere Advisors LLC

The company employs 4 people that are either part- or full-time employees. 75 percent of the employees work as investment advisers or researchers. 3 employees are registered as investment adviser representatives with the state securities authorities.

There isn’t anyone with the role of looking for and bringing in new clients on behalf of the firm. The firm doesn’t compensate employees in addition to the salary for bringing in new clients. Employees don’t receive compensation from other entities for client referrals.

Sanjay Krishnarao Pawar has been acting as President since 1 Jun 2016. Christopher Edward Winn joined the executive team most recently as the Member And Interim Cco.

Direct owners and executive officers


Name Entity Date acquired Ownership Employer ID
Christopher Edward Winn Member and interim cco 1 Jun 2015 75% - 100% 4639347
Sanjay Krishnarao Pawar President/ceo and chief compliance officer 1 Jun 2016 75% - 100% 4747958

Based in East Norriton

The principal office where Bluesphere Advisors LLC performs its advisory services is located at 2108 Dekalb Pike, East Norriton, PA 19401, which is also the mailing address of the firm. It doesn’t run an office outside of the United States.

You can reach the main office by calling the phone number (610) 277-1515. The normal business hours are 8:00 am - 5:00 pm on Monday - Friday. You can find more information about the New York firm at bluesphereadvisors.com.