DFX Intelligence

RIA Intelligence

Registered investment advisers, the advisors registered through them, the capital they report, the private vehicles they run and the people who own them, as a graph with a filing date behind every number. RAUM is what the adviser filed, a move is two registration dates, and a class is a rule you can read.

SEC-registered adviser

Cromwell Funds

Asset manager (funds and pooled vehicles)Baltimore, MarylandCRD 314411SEC 801-122554websiteIAPD
Legal name Cromwell Investment Advisors, LLC
Latest filing Mar 27, 2026
First filing on the tape Jun 9, 2021 · 13 filings
SEC status approved since Oct 27, 2021
RAUM
$369M
reported, Item 5.F
Discretionary
100%
of RAUM
Private clients
0.0%
$0 individuals and HNW
Advisors
0
registered through the firm on IAPD
RAUM per advisor
n/a
derived; firm RAUM over IAPD count
Employees
4
2 advisory (5.B.1)
Offices
0
beyond the principal office
Private funds
0
reported on Schedule D
History
13 filings and snapshots on the tape
RAUM$369M as of Mar 27, 2026
Mar 8, 2022$214M then
HNW client RAUM: no history
State-registered IARs (5.B.3)2 as of Mar 27, 2026
Mar 8, 20220 then
Employees (5.A)4 as of Mar 27, 2026
Mar 8, 20225 then
Private funds: no history
RAUM -8.1% over the last fiscal year-2.7% a year over threeIARs 0 to 2
Practice profile
derived from the filing of Mar 27, 2026; every figure names its basis
RAUM per advisor
$184MderivedRAUM over IAPD advisors; not a book size
Clients per advisor
unknownderivedindividual and HNW clients (5.D) over advisors
Average HNW client
unknownderivedHNW RAUM over HNW clients
Average account
$73.8MderivedRAUM over accounts (5.F.2.f)
Discretionary
100%derivedof RAUM
Institutional
0.0%derivedpensions, charities, corporations, government, insurance, banks, other advisers
Employees per advisor
2.0derivedItem 5.A over advisors
Advisors per office
2.0derived1 offices incl. principal (1.F.5)
RAUM growth, one year
-8.1%derivedbetween the last two annual amendments
Advisor growth, one year
unknownderivedItem 5.B.3 between annual amendments
Client growth, one year
unknownderived
Compensation
percentage of assetsreportedItem 5.E
Advisory activities
portfolio management for investment companiesreportedItem 5.G
Ownership
no PE, bank or public-company owner found on Schedule Aderived
Advisor book size
not public; not estimatedreported
Where the RAUM sits
Form ADV Item 5.D, latest filing
  • Investment companies$369M100%
Individual clients
n/areported
HNW clients
n/areported
Pension plan clients
n/areported
Charitable clients
n/areported
Accounts
5reported
Financial planning clients
reported
Wrap fee programs
noreported
Custody of client assets
noreported
Compensation
% of AUMreported
Class basis
private_client_share=0.0 fund_share=1.0 institutional_share=0.0 related_bd=false related_bank=false bd_reps=3.0derived
Advisors registered through the firm
0 on IAPD today, longest tenure first
No representative is registered through this CRD on IAPD.
Advisor movement
Left, latest
none on the tape
    Joined, latest
    none on the tape
      Private funds
      No private fund reported.
      Owners and control persons
      Schedule A and B, latest filing
      • Edward Stephen Baird · Chief Operating Officer/Membercontrol
        since 05/2021 · owns 5% to 10%
      • Nicole Darcy Limanni · Chief Compliance Officercontrol
        since 02/2022 · owns less than 5%
      • Carl Brian Nelson · President/Membercontrol
        since 05/2021 · owns 50% to 75%
      • Matthew Christian Kansler · Member
        since 05/2021 · owns less than 5%
      • Therese Micheal Mattingly · Member
        since 05/2021 · owns 5% to 10%
      • Michael Erik Ranson · Member
        since 05/2021 · owns 10% to 25%
      • Turner Megan Vichich · Member
        since 05/2021 · owns 5% to 10%
      Related persons
      Schedule D 7.A
      Advisers that list Cromwell Funds as a related person
      Offices
      Schedule D 1.F, the 25 largest
      No branch office listed.
      What changed
      consecutive filings, newest first
      • Accounts · 6 to 5
        Mar 28, 2025 to Mar 27, 2026
      • Advisory employees · 3 to 2
        Mar 28, 2025 to Mar 27, 2026
      • BD registered reps · 4 to 3
        Mar 28, 2025 to Mar 27, 2026
      • State-registered IARs · 0 to 2
        Mar 28, 2025 to Mar 27, 2026
      • Discretionary RAUM · $402M to $369M
        Mar 28, 2025 to Mar 27, 2026
      • RAUM · $402M to $369M
        Mar 28, 2025 to Mar 27, 2026
      • Insurance-licensed employees · 1 to 2
        Mar 26, 2024 to Mar 28, 2025
      • Financial planning clients · unset to
        Mar 26, 2024 to Mar 28, 2025
      • Discretionary RAUM · $460M to $402M
        Mar 26, 2024 to Mar 28, 2025
      • RAUM · $460M to $402M
        Mar 26, 2024 to Mar 28, 2025
      • Accounts · 4 to 6
        Mar 15, 2023 to Mar 26, 2024
      • Advisory employees · 4 to 3
        Mar 15, 2023 to Mar 26, 2024
      • Employees · 5 to 4
        Mar 15, 2023 to Mar 26, 2024
      • Discretionary RAUM · $400M to $460M
        Mar 15, 2023 to Mar 26, 2024
      • RAUM · $400M to $460M
        Mar 15, 2023 to Mar 26, 2024
      • Accounts · 1 to 4
        Mar 8, 2022 to Mar 15, 2023
      • Advisory employees · 0 to 4
        Mar 8, 2022 to Mar 15, 2023
      • BD registered reps · 5 to 4
        Mar 8, 2022 to Mar 15, 2023
      • Business name · CROMWELL INVESTMENT ADVISORS, LLC to CROMWELL FUNDS
        Mar 8, 2022 to Mar 15, 2023
      • Insurance-licensed employees · 0 to 1
        Mar 8, 2022 to Mar 15, 2023
      • Discretionary RAUM · $214M to $400M
        Mar 8, 2022 to Mar 15, 2023
      • RAUM · $214M to $400M
        Mar 8, 2022 to Mar 15, 2023
      • Accounts · unset to 1.0
        Feb 24, 2022 to Mar 8, 2022
      • Advisory employees · 5 to 0
        Feb 24, 2022 to Mar 8, 2022
      • BD registered reps · 4 to 5
        Feb 24, 2022 to Mar 8, 2022
      • Insurance-licensed employees · 2 to 0
        Feb 24, 2022 to Mar 8, 2022
      • Discretionary RAUM · unset to 213550000.0
        Feb 24, 2022 to Mar 8, 2022
      • Non-discretionary RAUM · unset to 0.0
        Feb 24, 2022 to Mar 8, 2022
      • RAUM · unset to 213550000.0
        Feb 24, 2022 to Mar 8, 2022
      • Charity clients · 0.0 to unset
        Jun 25, 2021 to Sep 24, 2021
      • Corporate clients · 0.0 to unset
        Jun 25, 2021 to Sep 24, 2021
      • HNW clients · 0.0 to unset
        Jun 25, 2021 to Sep 24, 2021
      • Individual clients · 0.0 to unset
        Jun 25, 2021 to Sep 24, 2021
      • Pension plan clients · 0.0 to unset
        Jun 25, 2021 to Sep 24, 2021
      • Pooled vehicle clients · 0.0 to unset
        Jun 25, 2021 to Sep 24, 2021
      • HNW RAUM · 0.0 to unset
        Jun 25, 2021 to Sep 24, 2021
      • Individual RAUM · 0.0 to unset
        Jun 25, 2021 to Sep 24, 2021
      • Pension RAUM · 0.0 to unset
        Jun 25, 2021 to Sep 24, 2021
      • Pooled vehicle RAUM · 0.0 to unset
        Jun 25, 2021 to Sep 24, 2021
      • Business name · CROMWELL INVESTMENT ADVISORS LLC to CROMWELL INVESTMENT ADVISORS, LLC
        Jun 9, 2021 to Jun 24, 2021
      Signals
      5 dated events
      • Carl Matthew Nelson (Chief Legal Officer/General Counsel) no longer on Schedule A of Cromwell Funds (listed 2023-03-15, absent 2024-03-26)
        Mar 26, 2024 · Control person left · inference
      • Cromwell Funds reported RAUM $400.0M, up 87% from $213.6M (2022-03-08 to 2023-03-15)
        Mar 15, 2023 · RAUM change · derived
      • Eric-Christopher Thayne Gould (Chief Compliance Officer) no longer on Schedule A of Cromwell Funds (listed 2022-01-26, absent 2022-02-24)
        Feb 24, 2022 · Control person left · inference
      • Nicole Darcy Limanni (Chief Compliance Officer) appeared on Schedule A of Cromwell Funds
        Feb 24, 2022 · Control person joined · fact
      • Cromwell Investment Advisors, Llc filed its initial SEC registration (Form ADV)
        Sep 24, 2021 · First SEC registration · fact
      Across DFX
      shared identifiers only, never a name match
      No identifier-backed link to the venture, private equity, family office or sponsor graphs.
      How to reach
      public business contact points only, each with its source
      Firm profile
      linkedin.com/company/thecromwellfundsreportedpublic record, Form ADV, Sep 17, 2026
      Website
      thecromwellfunds.comreportedpublic record, Form ADV, Sep 17, 2026
      Principal office phone
      888-844-4110reportedpublic record, Form ADV, Mar 27, 2026
      Provenance
      Form ADV
      SEC filing data 2011 to 2024 and the monthly roster 2025 onreportedadviserinfo.sec.gov
      Advisors
      IAPD individual compilation feed, dailyreportedadviserinfo.sec.gov
      Class
      Asset manager (funds and pooled vehicles)deriveda rule over Items 5.D and 7.A
      RAUM per advisor
      n/aderivedfirm RAUM over the IAPD count; not a book size
      Loaded
      Sep 14, 2026