# Coeli Frontier Markets AB

> Coeli Frontier Markets AB is an SEC-registered investment advisory firm in Stockholm, Sweden, registered since 2016, reporting $100 million to $500 million in regulatory assets under management in its Form ADV filing dated April 2, 2026.

- CRD: 282916
- Filed as: COELI FRONTIER MARKETS AB
- Registration: SEC-registered investment adviser (status as filed: Approved)
- Location: Stockholm, Sweden
- Filing period: October 2026
- Form ADV filing dated: April 2, 2026
- SEC record (IAPD): https://adviserinfo.sec.gov/firm/summary/282916
- AdvisorCensus page: https://advisorcensus.com/firm/coeli-frontier-markets-ab-stockholm-282916

## Quick answers

**How is Coeli Frontier Markets AB compensated?**
On its Form ADV (Item 5.E, October 2026), Coeli Frontier Markets AB reports these compensation arrangements: a percentage of assets under its management; performance-based fees. The amounts are in Item 5 of its Form ADV Part 2A brochure.

**Where is Coeli Frontier Markets AB located?**
Coeli Frontier Markets AB's principal office is in Stockholm, Sweden, according to its Form ADV; the May 2026 filing also lists 1 other office (Schedule D, Section 1.F).

**Is Coeli Frontier Markets AB registered with the SEC or a state?**
Coeli Frontier Markets AB is an SEC-registered investment advisory firm, registered since 2016. Status as filed: Approved. CRD 282916.

**How much does Coeli Frontier Markets AB manage?**
Coeli Frontier Markets AB reports $325,166,353 in regulatory assets under management in its Form ADV filing dated April 2, 2026 (100% discretionary).

**How have Coeli Frontier Markets AB's assets and staff changed since 2021?**
In the Form ADV data for Coeli Frontier Markets AB: Regulatory assets under management: $435,554,755 in the October 2021 data and $325,166,353 in the October 2026 data, down 25%. Total employees: 3 in October 2021 and 3 in October 2026. Assets under management move with markets as well as with clients coming and going.

**What types of clients does Coeli Frontier Markets AB serve?**
By number of clients on Form ADV Item 5.D: pooled investment vehicles (other than investment companies and business development companies) (2); pension and profit sharing plans (but not the plan participants or government pension plans) (2).

**Does Coeli Frontier Markets AB report any disciplinary disclosures?**
Reports 4 disclosure items on Form ADV Item 11: yes answers to 11.D(2) (another regulator's finding of a violation), 11.D(5) (another regulator's denial, suspension, or revocation of a registration or license, bar, or restriction), 11.G (pending regulatory proceeding), and 11.H(1)(b) (court finding of a violation). Each question covers the firm and its advisory affiliates, and one event can produce several yes answers. The detail of any item is on the firm's SEC record: https://adviserinfo.sec.gov/firm/summary/282916

**What changed in Coeli Frontier Markets AB's recent Form ADV filings?**
In the May 2026 filing data: Employees performing advisory functions went from 2 to 3. Regulatory assets under management went from $524,299,823 to $325,166,353 (-38%). Updated its list of owners and control persons (Schedule A).

## From the Form ADV filing

### Compensation (Item 5.E)
- A percentage of assets under your management
- Performance-based fees

### Regulatory assets under management (Item 5.F)
- Total: $325,166,353
- Discretionary: $325,166,353
- Non-discretionary: $0

### Clients (Item 5.D)

| Client type | Clients | Assets |
| --- | --- | --- |
| Individuals (other than high net worth individuals) | 0 | Not reported |
| High net worth individuals | 0 | Not reported |
| Banking or thrift institutions | 0 | Not reported |
| Investment companies | 0 | Not reported |
| Business development companies | 0 | Not reported |
| Pooled investment vehicles (other than investment companies and business development companies) | 2 | $325,166,353 |
| Pension and profit sharing plans (but not the plan participants or government pension plans) | 2 | $0 |
| Charitable organizations | 0 | Not reported |
| State or municipal government entities (including government pension plans) | 0 | Not reported |
| Other investment advisers | 0 | Not reported |
| Insurance companies | 0 | Not reported |
| Corporations or other businesses not listed above | 0 | Not reported |
| Other | 0 | Not reported |

### Advisory services (Item 5.G)
- Pension consulting services
- Other

### Firm details
- Registered since: 2016 (10 years)
- Employees: 3 total, 3 performing advisory functions
- Wrap fee program participation: No
- Disclosures (Item 11): Reports 4 disclosure items on Form ADV Item 11.

### Item 11 questions answered yes
- 11.D(2): Has another federal regulator, a state regulator, or a foreign financial regulator ever found that the firm or an advisory affiliate was involved in a violation of investment-related regulations or statutes?
- 11.D(5): Has another federal regulator, a state regulator, or a foreign financial regulator ever denied, suspended, or revoked the registration or license of the firm or an advisory affiliate, prevented either by order from associating with an investment-related business, or restricted either one's activity?
- 11.G: Is the firm or an advisory affiliate now the subject of a regulatory proceeding that could result in a yes answer to any part of 11.C, 11.D, or 11.E?
- 11.H(1)(b): Has a domestic or foreign court ever found that the firm or an advisory affiliate was involved in a violation of investment-related statutes or regulations?

Each question covers the firm and its advisory affiliates: its current employees other than clerical staff, its officers, partners, and directors, and anyone who controls the firm or is controlled by it. One event can produce yes answers to several questions. SEC-registered advisers and exempt reporting advisers may leave out events more than ten years old, and may answer 11.A(2) and 11.B(2) for pending charges only. The detail of each yes answer is on the firm's SEC record: https://adviserinfo.sec.gov/firm/summary/282916

### Other offices (Schedule D, Section 1.F), as of the May 2026 filing
- Malmo

## Assets and staff over time

| Data period | Regulatory assets under management | Employees | Filing dated |
| --- | --- | --- | --- |
| October 2021 | $435,554,755 | 3 | March 31, 2021 |
| October 2022 | $660,176,203 | 4 | March 29, 2022 |
| October 2023 | $482,776,192 | 4 | March 2, 2023 |
| October 2024 | $564,501,068 | 4 | March 11, 2024 |
| October 2025 | $524,299,823 | 3 | March 19, 2025 |
| October 2026 | $325,166,353 | 3 | April 2, 2026 |

Regulatory assets under management: $435,554,755 in the October 2021 data and $325,166,353 in the October 2026 data, down 25%.
Total employees: 3 in October 2021 and 3 in October 2026.

## Changes in the filing (last 12 months)

### May 2026
- Employees performing advisory functions went from 2 to 3.
- Regulatory assets under management went from $524,299,823 to $325,166,353 (-38%).
- Updated its list of owners and control persons (Schedule A).

## Source

Form ADV as filed, October 2026. Values appear as filed. Cite as: AdvisorCensus. Coeli Frontier Markets AB (CRD 282916): Form ADV filing data as of October 2026.