EarthFolio on as a Robo-Advisor on Sustainable investing
EarthFolio founded the first investment platform aiming at Sustainable investing. Computerized investment advisory services—known as robo-advisors—have significantly grown recently . For the most part, these portals provide investment advice to individuals who cannot meet the minimum amount required by most in-person investment advisors, and their fees are usually much lower. A recent article at CNN projected that robo-advisors will manage $2 trillion in assets by 2020.
As reported by Robert Kropp from the Socialfunds portal what has not been as readily available, however, is robo advisory services for another significant growing trend, sustainable investing. A 2014 report by US SIF: The Forum for Sustainable and Responsible Investment estimated sustainable investment assets to be $6.57 trillion, a 76% increase since 2012 and 18% of total assets under management in the US.
The automated investment service launched by Earth Folio addresses this need. According to a press release, a minimum investment of $25,000 is required, and the management fee is .50%. “EarthFolio constructs each portfolio using mutual funds pre-selected on up to ten environmental, social, and corporate governance (ESG) screens,” the press release states. “The screens seek best-of-class companies in areas such as clean energy, equal employment, human rights, and animal welfare, while also minimizing companies profiting from sweatshops, tobacco, weapons, and gambling.”
The service's portfolios are designed and managed by Blue Marble Investments, a sustainable investment advisory firm founded by Art Tabuenca in 2000.