DFX Intelligence

Data Factory

RIA / WealthRegistered adviserasset managerSEC registeredRAUM 1b 10b

SUNDANCE BAY

SUNDANCE BAY INVESTMENT MANAGER, LLC, CRD 301868

SALT LAKE CITY, UT

This is the graph view. The full profile, with its team, deals and sources, is on RIA / Wealth Management.Open the full profile →

Search this name across graphsid dfx:ria:a2de5d80-8c3c-0b56-a790-2af287454ded

Data as of Mar 31, 2026 (this record's last observation) from federal regulator filings. Page built Sep 21, 2026, 7:39 AM UTC and rebuilt at most every 15 minutes.

Relationships: 21
Dated events: 9
On other graphs: 3
Observed: Mar 25, 2020 to Mar 31, 2026
14 observations

Across DFX

same identity by shared identifier, citation, or a bridge measured by hand

Private Creditidentity

SUNDANCE BAY

Private credit manager · shared crd

Real Estate Fundsidentity

Sundance Bay

Real estate fund manager · shared crd

Allocatorsidentity

Sundance Bay Investment Manager, LLC

Manager with allocator commitments · shared crd

Facts

fact = as filed or announced; derived = computed by DFX; estimate = a band, never a point

Firm class: asset managerderivedprivate_client_share=0.0 fund_share=1.0 institutional_share=0.0 related_bd=false related_bank=false bd_reps=0.0
Regulatory AUM: $2.1BItem 5.F on the latest filing (2026-03-31); as reported, and an affiliate's assets may be counted again on its own filing
Discretionary RAUM: $2.0B
Private client RAUM: $0derivedItem 5.D individuals plus high net worth individuals
Private client share: 0%derivedprivate client RAUM over total RAUM
Advisors on IAPD: 1
RAUM per advisor: $2.1Bderivedthe firm's RAUM over its IAPD headcount: a firm average, never a person's book
Employees: 69
Advisory employees: 43
Offices: 2Schedule D 1.F, beyond the principal office
Accounts: 8
Private funds: 1Schedule D 7.B(1)
Custody, client assets: $0
Relying advisers: 1
SEC number: 801-118520
CRD: 301868
Filings on the tape: 14
First filed: Mar 25, 2020
Latest filed: Mar 31, 2026
Organised: Limited Liability Company, UT
Website: sundancebay.com

Advisors on IAPD

current investment adviser representatives on the IAPD individual feed, longest tenure first

Advisor	Designations	Branch	Years here	In industry	Prior firms	Dual registered
STANFORD JAY RICKS	n/a	SALT LAKE CITY, UT	5	45	n/a	no

Private funds

Schedule D 7.B(1); gross asset value as reported, never fund size; reporting ends 2024-12-31

Fund	Type	Reported GAV	As of	Owners	First reported	Status	Form D file
SUNDANCE DEBT PARTNERS, LP	Real Estate Fund	$512M	Oct 13, 2022	1,390	Apr 30, 2019	dropped	021-323618
SDP REIT, LLC	Real Estate Fund	$512M	Oct 13, 2022	126	Apr 30, 2019	dropped	021-329935
SUNDANCE BAY INCOME AND GROWTH OP, LP	Real Estate Fund	$148M	Oct 13, 2022	64	Mar 31, 2021	dropped	021-393115
SUNDANCE BAY INCOME AND GROWTH REIT, LLC	Real Estate Fund	$100M	Oct 13, 2022	126	Mar 31, 2022	dropped	n/a
SUNDANCE BAY INCOME AND GROWTH FUND, LP	Real Estate Fund	$100.0M	Oct 13, 2022	252	Mar 31, 2021	dropped	021-393119
SDP FINANCIAL 2020, LP	Real Estate Fund	$34.0M	Oct 13, 2022	1	Mar 31, 2021	dropped	n/a
SUNDANCE MHC IMPACT, LLC	Real Estate Fund	$25.3M	Mar 29, 2024	60	Apr 30, 2021	reported	021-370522
SUNDANCE BAY DEBT OPPORTUNITY FUND, L.P.	Real Estate Fund	$0	Oct 13, 2022	1	Mar 31, 2021	dropped	n/a

Owners and control persons

Schedule A and B as filed; ownership codes are the form's bands (NA under 5%, A 5 to 10%, B 10 to 25%, C 25 to 50%, D 50 to 75%, E over 75%); people are listed as filed and never merged by name

Owner	Title	Ownership code	Control person	Acquired	First seen	Last seen
BAUGHMAN, RYAN, JUSTIN	Manager	Na	yes	10/2022	Mar 25, 2020	Mar 29, 2024
BAUGHMAN, RYAN, JUSTIN	MANAGER/MEMBER	F	yes	01/2021	Mar 25, 2020	Mar 29, 2024
MASTIC, ANN, ELIZABETH	CHIEF COMPLIANCE OFFICER	Na	yes	06/2021	Jul 30, 2021	Mar 29, 2024
MAUGHAN, MARK, DUFF	Manager	F	yes	01/2021	Mar 25, 2020	Mar 29, 2024
NIXON, MICHAEL, CLAIR	Manager	Na	yes	10/2022	Mar 25, 2020	Mar 29, 2024
NIXON, MICHAEL, CLAIR	MANAGER/MEMBER	F	yes	01/2021	Mar 25, 2020	Mar 29, 2024
RICKS, STANFORD, JAY	Manager	F	yes	01/2021	Mar 25, 2020	Mar 29, 2024
ROMNEY, CRAIG, EDWARD	Manager	F	yes	01/2021	Mar 25, 2020	Mar 29, 2024
ROMNEY, MATTHEW, SCOTT	MANAGER/MEMBER	F	yes	01/2021	Mar 25, 2020	Mar 29, 2024
ROMNEY, MATTHEW, SCOTT	Manager	Na	yes	10/2022	Mar 25, 2020	Mar 29, 2024
SUNDANCE BAY HOLDINGS, LLC	Member	E	yes	01/2021	Mar 31, 2021	Mar 29, 2024
SWISS, BRYAN	GENERAL COUNSEL	Na	yes	10/2021	Jan 21, 2022	Mar 29, 2024

Affiliates (Item 7.A)

as filed on Item 7.A; a related person with a CRD on the graph links to its own page

Related person	Type	Class on the graph	Its RAUM	Control	Common control	State
RESI EQUITY, LLC	n/a	n/a	n/a	N	yes	n/a
SDP MANAGEMENT REINSURANCE COMPANY INC.	n/a	n/a	n/a	N	yes	n/a
SUNDANCE BAY DEBT OPPORTUNITY FUND I GP, LLC	n/a	n/a	n/a	N	yes	n/a
SUNDANCE BAY DEBT PARTNERS GP, LLC	n/a	n/a	n/a	N	yes	n/a
SUNDANCE BAY INCOME AND GROWTH FUND GP, LLC	n/a	n/a	n/a	N	yes	n/a
SUNDANCE BAY NET LEASE INVESTMENTS 2, LLC	n/a	n/a	n/a	N	yes	n/a
SUNDANCE BAY NET LEASE INVESTMENTS, LLC	n/a	n/a	n/a	N	yes	n/a
SUNDANCE BAY TENANT LIABILITY INSURANCE, LLC	n/a	n/a	n/a	N	yes	n/a

Offices

Schedule D 1.F offices beyond the principal office; street addresses are not published

City	State	Country	Employees	Also broker-dealer
SAN DIEGO	CA	United States	1	no

Regulatory AUM by fiscal year

annual amendments (and the roster's annual snapshot) as filed; where a year was amended twice the later filing draws the line

Fiscal year	Filed	RAUM	Discretionary	Employees	Advisory staff	Offices	Private funds	Fund GAV
2025	Mar 31, 2026	$2.1B	$2.0B	69	43	2	1	n/a
2024	Mar 31, 2025	$2.1B	$2.0B	70	42	2	1	n/a
2023	Mar 29, 2024	$2.0B	$1.9B	72	42	1	1	$25.3M
2022	Mar 31, 2023	$988M	$888M	78	48	2	1	$21.6M
2021	Mar 31, 2022	$718M	$684M	61	37	1	8	$1.4B
2020	Mar 31, 2021	$441M	$433M	31	21	0	6	$872M

Advisor flows

derived: registrations beginning and ending at this CRD on IAPD, bulk corporate re-registrations excluded; the rate is departures over IAPD headcount

Joined, 12m	Left, 12m	Net, 12m	Departure rate, 12m	Joined, 90d	Left, 90d	Left, no destination yet	Joined, 36m	Left, 36m
0	0	0	0.0%	0	0	0	0	0

Growth

derived from consecutive annual filings; RAUM as reported

Latest fiscal year	RAUM	A year earlier	1y change	Three years earlier	3y CAGR	Employees	A year earlier	Offices	A year earlier
2025	$2.1B	$2.1B	-1.2%	$988M	28.4%	69	70	2	2

Relationships

Advises (8)

→ SUNDANCE MHC IMPACT, LLCPrivate fundReal Estate Fund, IA
Apr 30, 2021 to presentfactForm ADV
→ SUNDANCE BAY DEBT OPPORTUNITY FUND, L.P.Private fundReal Estate Fund, IA, no longer reported
Mar 31, 2021 to Oct 13, 2022factForm ADV
→ SUNDANCE BAY INCOME AND GROWTH OP, LPPrivate fundReal Estate Fund, IA, no longer reported
Mar 31, 2021 to Oct 13, 2022factForm ADV
→ SDP REIT, LLCPrivate fundReal Estate Fund, IA, no longer reported
Apr 30, 2019 to Oct 13, 2022factForm ADV
→ SUNDANCE BAY INCOME AND GROWTH REIT, LLCPrivate fundReal Estate Fund, IA, no longer reported
Mar 31, 2022 to Oct 13, 2022factForm ADV
→ SUNDANCE DEBT PARTNERS, LPPrivate fundReal Estate Fund, IA, no longer reported
Apr 30, 2019 to Oct 13, 2022factForm ADV
→ SUNDANCE BAY INCOME AND GROWTH FUND, LPPrivate fundReal Estate Fund, IA, no longer reported
Mar 31, 2021 to Oct 13, 2022factForm ADV
→ SDP FINANCIAL 2020, LPPrivate fundReal Estate Fund, IA, no longer reported
Mar 31, 2021 to Oct 13, 2022factForm ADV

Registered with (1)

← STANFORD JAY RICKSAdvisorregistration: current employment
May 25, 2021 to presentfactForm ADV

Controls (9)

← MASTIC, ANN, ELIZABETHOwnerCHIEF COMPLIANCE OFFICER, ownership code NA, individual
Jul 30, 2021 to Mar 29, 2024factForm ADV
← BAUGHMAN, RYAN, JUSTINOwnerMANAGER/MEMBER, ownership code F, individual
Mar 25, 2020 to Mar 29, 2024factForm ADV
← NIXON, MICHAEL, CLAIROwnerMANAGER/MEMBER, ownership code F, individual
Mar 25, 2020 to Mar 29, 2024factForm ADV
← MAUGHAN, MARK, DUFFOwnerMANAGER, ownership code F, individual
Mar 25, 2020 to Mar 29, 2024factForm ADV
← ROMNEY, MATTHEW, SCOTTOwnerMANAGER/MEMBER, ownership code F, individual
Mar 25, 2020 to Mar 29, 2024factForm ADV
← ROMNEY, CRAIG, EDWARDOwnerMANAGER, ownership code F, individual
Mar 25, 2020 to Mar 29, 2024factForm ADV
← RICKS, STANFORD, JAYOwnerMANAGER, ownership code F, individual
Mar 25, 2020 to Mar 29, 2024factForm ADV
← SWISS, BRYANOwnerGENERAL COUNSEL, ownership code NA, individual
Jan 21, 2022 to Mar 29, 2024factForm ADV
← SUNDANCE BAY HOLDINGS, LLCOwnerMEMBER, ownership code E, domestic entity
Mar 31, 2021 to Mar 29, 2024factForm ADV

Dated events

Occurred
Mar 29, 2024
Regulatory AUM changed
Sundance Bay reported RAUM $2.0B, up 105% from $987.8M (2023-03-31 to 2024-03-29)
Form ADVobserved 6 days ago
$1.0B
Occurred
Mar 31, 2023
Regulatory AUM changed
Sundance Bay reported RAUM $987.8M, up 38% from $718.0M (2022-10-13 to 2023-03-31)
Form ADVobserved 6 days ago
$270M
Occurred
Oct 13, 2022
Control person left
Spongberg Connie Ricks (Principal) no longer on Schedule A of Sundance Bay (listed 2022-03-31, absent 2022-10-13)
Form ADVobserved 6 days ago
Occurred
Mar 31, 2022
Regulatory AUM changed
Sundance Bay reported RAUM $718.0M, up 56% from $461.3M (2022-01-21 to 2022-03-31)
Form ADVobserved 6 days ago
$257M
Occurred
Jan 21, 2022
Control person joined
Bryan Swiss (General Counsel) appeared on Schedule A of Sundance Bay
Form ADVobserved 6 days ago
Occurred
Jul 30, 2021
Control person joined
Elizabeth Ann Mastic (Chief Compliance Officer) appeared on Schedule A of Sundance Bay
Form ADVobserved 6 days ago
Occurred
Mar 31, 2021
Regulatory AUM changed
Sundance Bay reported RAUM $441.1M, up 63% from $270.4M (2021-02-11 to 2021-03-31)
Form ADVobserved 6 days ago
$171M
Occurred
Feb 11, 2021
Control person left
Stephen John Pennington (Chief Compliance Officer) no longer on Schedule A of Sundance Bay (listed 2020-03-25, absent 2021-02-11)
Form ADVobserved 6 days ago
Occurred
Mar 25, 2020
First Form ADV filing
Sundance Bay filed its initial SEC registration (Form ADV)
Form ADVobserved 6 days ago

Provenance

Graph: RIA / Wealth Management
Canonical id: dfx:ria:a2de5d80-8c3c-0b56-a790-2af287454ded
First observed: Mar 25, 2020
Last observed: Mar 31, 2026 5 months ago
Source families: Federal regulator filings
3 registered feeds stand behind this record; each fact above carries its own dates and, where the publisher serves one, its document.
Resolution: Identity across graphs by shared identifier (CRD, CIK, EIN, ADV fund id, individual CRD) or citation; a name match is shown as a candidate and never merged.

SUNDANCE BAY

SUNDANCE BAY INVESTMENT MANAGER, LLC, CRD 301868

SALT LAKE CITY, UT

This is the graph view. The full profile, with its team, deals and sources, is on RIA / Wealth Management.Open the full profile →

Search this name across graphsid dfx:ria:a2de5d80-8c3c-0b56-a790-2af287454ded

Data as of Mar 31, 2026 (this record's last observation) from federal regulator filings. Page built Sep 21, 2026, 7:39 AM UTC and rebuilt at most every 15 minutes.

Advisor

Designations

Branch

Years here

In industry

Prior firms

Dual registered

STANFORD JAY RICKS

n/a

SALT LAKE CITY, UT

n/a

Fund

Type

Reported GAV

As of

Owners

First reported

Status

Form D file

SUNDANCE DEBT PARTNERS, LP

Real Estate Fund

$512M

Oct 13, 2022

1,390

Apr 30, 2019

dropped

021-323618

SDP REIT, LLC

Real Estate Fund

$512M

Oct 13, 2022

126

Apr 30, 2019

dropped

021-329935

SUNDANCE BAY INCOME AND GROWTH OP, LP

Real Estate Fund

$148M

Oct 13, 2022

Mar 31, 2021

dropped

021-393115

SUNDANCE BAY INCOME AND GROWTH REIT, LLC

Real Estate Fund

$100M

Oct 13, 2022

126

Mar 31, 2022

dropped

n/a

SUNDANCE BAY INCOME AND GROWTH FUND, LP

Real Estate Fund

$100.0M

Oct 13, 2022

252

Mar 31, 2021

dropped

021-393119

SDP FINANCIAL 2020, LP

Real Estate Fund

$34.0M

Oct 13, 2022

Mar 31, 2021

dropped

n/a

SUNDANCE MHC IMPACT, LLC

Real Estate Fund

$25.3M

Mar 29, 2024

Apr 30, 2021

reported

021-370522

SUNDANCE BAY DEBT OPPORTUNITY FUND, L.P.

Real Estate Fund

Oct 13, 2022

Mar 31, 2021

dropped

n/a

Owner

Title

Ownership code

Control person

Acquired

First seen

Last seen

BAUGHMAN, RYAN, JUSTIN

Manager

yes

10/2022

Mar 25, 2020

Mar 29, 2024

BAUGHMAN, RYAN, JUSTIN

MANAGER/MEMBER

yes

01/2021

Mar 25, 2020

Mar 29, 2024

MASTIC, ANN, ELIZABETH

CHIEF COMPLIANCE OFFICER

yes

06/2021

Jul 30, 2021

Mar 29, 2024

MAUGHAN, MARK, DUFF

Manager

yes

01/2021

Mar 25, 2020

Mar 29, 2024

NIXON, MICHAEL, CLAIR

Manager

yes

10/2022

Mar 25, 2020

Mar 29, 2024

NIXON, MICHAEL, CLAIR

MANAGER/MEMBER

yes

01/2021

Mar 25, 2020

Mar 29, 2024

RICKS, STANFORD, JAY

Manager

yes

01/2021

Mar 25, 2020

Mar 29, 2024

ROMNEY, CRAIG, EDWARD

Manager

yes

01/2021

Mar 25, 2020

Mar 29, 2024

ROMNEY, MATTHEW, SCOTT

MANAGER/MEMBER

yes

01/2021

Mar 25, 2020

Mar 29, 2024

ROMNEY, MATTHEW, SCOTT

Manager

yes

10/2022

Mar 25, 2020

Mar 29, 2024

SUNDANCE BAY HOLDINGS, LLC

Member

yes

01/2021

Mar 31, 2021

Mar 29, 2024

SWISS, BRYAN

GENERAL COUNSEL

yes

10/2021

Jan 21, 2022

Mar 29, 2024

Related person

Type

Class on the graph

Its RAUM

Control

Common control

State

RESI EQUITY, LLC

n/a

yes

n/a

SDP MANAGEMENT REINSURANCE COMPANY INC.

n/a

yes

n/a

SUNDANCE BAY DEBT OPPORTUNITY FUND I GP, LLC

n/a

yes

n/a

SUNDANCE BAY DEBT PARTNERS GP, LLC

n/a

yes

n/a

SUNDANCE BAY INCOME AND GROWTH FUND GP, LLC

n/a

yes

n/a

SUNDANCE BAY NET LEASE INVESTMENTS 2, LLC

n/a

yes

n/a

SUNDANCE BAY NET LEASE INVESTMENTS, LLC

n/a

yes

n/a

SUNDANCE BAY TENANT LIABILITY INSURANCE, LLC

n/a

yes

n/a

City

State

Country

Employees

Also broker-dealer

SAN DIEGO

United States

Fiscal year

Filed

RAUM

Discretionary

Employees

Advisory staff

Offices

Private funds

Fund GAV

2025

Mar 31, 2026

$2.1B

$2.0B

n/a

2024

Mar 31, 2025

$2.1B

$2.0B

n/a

2023

Mar 29, 2024

$2.0B

$1.9B

$25.3M

2022

Mar 31, 2023

$988M

$888M

$21.6M

2021

Mar 31, 2022

$718M

$684M

$1.4B

2020

Mar 31, 2021

$441M

$433M

$872M

Joined, 12m

Left, 12m

Net, 12m

Departure rate, 12m

Joined, 90d

Left, 90d

Left, no destination yet

Joined, 36m

Left, 36m

0.0%

Latest fiscal year

RAUM

A year earlier

1y change

Three years earlier

3y CAGR

Employees

A year earlier

Offices

A year earlier

2025

$2.1B

-1.2%

$988M

28.4%