# Cromwell Funds

> Cromwell Funds is an SEC-registered investment advisory firm in Baltimore, MD, registered since 2021, reporting $100 million to $500 million in regulatory assets under management in its Form ADV filing dated March 27, 2026.

- CRD: 314411
- Filed as: CROMWELL FUNDS
- Legal name: Cromwell Investment Advisors, LLC
- Registration: SEC-registered investment adviser (status as filed: Approved)
- Location: Baltimore, MD
- Filing period: October 2026
- Form ADV filing dated: March 27, 2026
- SEC record (IAPD): https://adviserinfo.sec.gov/firm/summary/314411
- AdvisorCensus page: https://advisorcensus.com/firm/cromwell-funds-baltimore-md-314411

## Quick answers

**How is Cromwell Funds compensated?**
On its Form ADV (Item 5.E, October 2026), Cromwell Funds reports these compensation arrangements: a percentage of assets under its management.

**Where is Cromwell Funds located?**
Cromwell Funds' principal office is in Baltimore, MD, according to its Form ADV.

**Is Cromwell Funds registered with the SEC or a state?**
Cromwell Funds is an SEC-registered investment advisory firm, registered since 2021. Status as filed: Approved. CRD 314411.

**How much does Cromwell Funds manage?**
Cromwell Funds reports $368,868,727 in regulatory assets under management in its Form ADV filing dated March 27, 2026 (100% discretionary).

**How have Cromwell Funds' assets and staff changed since 2022?**
In the Form ADV data for Cromwell Funds: Regulatory assets under management: $213,550,000 in the October 2022 data and $368,868,727 in the October 2026 data, up 73%. Total employees: 5 in October 2022 and 4 in October 2026. Assets under management move with markets as well as with clients coming and going.

**What types of clients does Cromwell Funds serve?**
By number of clients on Form ADV Item 5.D: investment companies (1).

**Does Cromwell Funds report any disciplinary disclosures?**
Reports no disclosure items on Form ADV Item 11. The detail of any item is on the firm's SEC record: https://adviserinfo.sec.gov/firm/summary/314411

**What changed in Cromwell Funds' recent Form ADV filings?**
In the April 2026 filing data: Employees performing advisory functions went from 3 to 2. 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

### Regulatory assets under management (Item 5.F)
- Total: $368,868,727
- Discretionary: $368,868,727
- Non-discretionary: $0

### Clients (Item 5.D)

| Client type | Clients | Assets |
| --- | --- | --- |
| Investment companies | 1 | $368,868,727 |

### Advisory services (Item 5.G)
- Portfolio management for investment companies (and business development companies)

### Firm details
- Registered since: 2021 (4 years)
- Employees: 4 total, 2 performing advisory functions
- Wrap fee program participation: No
- States registered or notice-filed: MD
- Disclosures (Item 11): Reports no disclosure items on Form ADV Item 11.

### Websites listed on Form ADV (Item 1.I)
- thecromwellfunds.com
- LinkedIn @thecromwellfunds

## Assets and staff over time

| Data period | Regulatory assets under management | Employees | Filing dated |
| --- | --- | --- | --- |
| October 2022 | $213,550,000 | 5 | March 8, 2022 |
| October 2023 | $400,035,836 | 5 | March 15, 2023 |
| October 2024 | $460,178,281 | 4 | March 26, 2024 |
| October 2025 | $401,568,665 | 4 | March 28, 2025 |
| October 2026 | $368,868,727 | 4 | March 27, 2026 |

Regulatory assets under management: $213,550,000 in the October 2022 data and $368,868,727 in the October 2026 data, up 73%.
Total employees: 5 in October 2022 and 4 in October 2026.

## Changes in the filing (last 12 months)

### April 2026
- Employees performing advisory functions went from 3 to 2.
- Updated its list of owners and control persons (Schedule A).

## Source

Form ADV as filed, October 2026. Values appear as filed. Cite as: AdvisorCensus. Cromwell Funds (CRD 314411): Form ADV filing data as of October 2026.