AdvisorCensus / Financial advisors / Keel Capital AB
Keel Capital AB is an SEC-registered investment advisory firm in Stockholm, Sweden, registered since 2016, reporting under $25 million in regulatory assets under management in its Form ADV filing dated September 30, 2026.
Quick answers
From the filingHow is Keel Capital AB compensated?
On its Form ADV (Item 5.E, October 2026), Keel Capital AB reports these compensation arrangements: other. The amounts are in Item 5 of its Form ADV Part 2A brochure.
Where is Keel Capital AB located?
Keel Capital AB's principal office is in Stockholm, Sweden, according to its Form ADV.
Is Keel Capital AB registered with the SEC or a state?
Keel Capital AB is an SEC-registered investment advisory firm, registered since 2016. Status as filed: Approved. CRD 283825.
How much does Keel Capital AB manage?
Keel Capital AB reports $6,792,599 in regulatory assets under management in its Form ADV filing dated September 30, 2026 (100% discretionary).
How have Keel Capital AB's assets and staff changed since 2021?
In the Form ADV data for Keel Capital AB: Regulatory assets under management: $1,016,261,086 in the October 2021 data and $6,792,599 in the October 2026 data, down 99%. Total employees: 10 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 Keel Capital AB serve?
By number of clients on Form ADV Item 5.D: pooled investment vehicles (other than investment companies and business development companies) (3).
Does Keel Capital AB 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/283825
What changed in Keel Capital AB's recent Form ADV filings?
In the October 2026 filing data: Regulatory assets under management went from $10,875,246 to $6,792,599 (-38%).
From the Form ADV filing
Every figure below is as the firm filed it with regulators, as of October 2026.
How the firm is compensated
Item 5.E- Other
Item 5.E lists how the firm is compensated for its advice; Items 5.B, 6.A, and 7.A show whether its people or related companies can also earn commissions. Percentage of assets, fixed, hourly, subscription, and performance-based fees come from clients (a performance-based fee depends on investment results); commissions come with a sale or a trade, often from the company behind the product. How fees, commissions, and other arrangements differ
Fees and minimums
Form ADV Part 2AThe brochure lists different fees for different services or strategies. See the firm's brochure (dated September 25, 2025) for its fees and any account minimum, on the SEC's IAPD site.
Regulatory assets under management
Item 5.F$6,792,599 as of October 2026, filing dated September 30, 2026.
A measure of scale, not skill or returns. Discretionary means the firm decides trades; non-discretionary means clients approve each one. What assets under management means
Who the firm serves
Item 5.DA firm with no individual clients is an institutional manager even if it manages billions; the mix tells you whom the practice is built around.
Advisory services
Item 5.G- Portfolio management for pooled investment vehicles (other than investment companies)
Registration and firm details
Items 1, 2, 5- Registration
- SEC-registered investment adviser. Status as filed: Approved.
- Registered since
- 2016 (10 years)
- Employees
- Total: 3. Performing investment advisory functions: 2.
- Wrap fee program participation
- No.
- States registered or notice-filed
- Not reported.
SEC-registered investment advisers are examined by the SEC. SEC, state, and exempt registration
Disclosures
Item 11None Reports no disclosure items on Form ADV Item 11. View on IAPD.
Item 11 asks about criminal, regulatory, and civil events involving the firm and its advisory personnel. The detail of each yes answer is on the IAPD record. Reading a firm's disclosures
Assets and staff over time
Items 5.A, 5.F| Data period | Assets under management | Employees | Filing dated |
|---|---|---|---|
| October 2026 | $6,792,599 | 3 | September 30, 2026 |
| October 2025 | $503,363,173 | 10 | October 3, 2024 |
| October 2024 | $503,363,173 | 10 | September 2, 2024 |
| October 2023 | $713,555,020 | 10 | September 21, 2023 |
| October 2022 | $420,996,465 | 10 | September 1, 2022 |
| October 2021 | $1,016,261,086 | 10 | August 27, 2021 |
Regulatory assets under management: $1,016,261,086 in the October 2021 data and $6,792,599 in the October 2026 data, down 99%.
Total employees: 10 in October 2021 and 3 in October 2026.
As filed in each year's data for the same month. Assets under management move with markets as well as with clients coming and going; they measure scale, not skill or returns. Most firms update these figures once a year.
Changes in the filing
Last 12 months- October 2026
- Regulatory assets under management went from $10,875,246 to $6,792,599 (-38%).
- December 2025
- Regulatory assets under management went from $503,363,173 to $10,875,246 (-98%).
- Employees performing advisory functions went from 6 to 2.
Compared month to month from the SEC's monthly adviser data and the state compilation feed. Owners and control persons are summarized, never named.
Websites listed on Form ADV
Item 1.ISource: Form ADV, as of October 2026. Values appear as filed; a value the firm did not report is shown as "Not reported."
Cite this page
AdvisorCensus. Keel Capital AB (CRD 283825): Form ADV filing data as of October 2026. https://advisorcensus.com/firm/keel-capital-ab-stockholm-283825