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
Sun Mountain Capital Advisors, LLC
Latest filing Mar 25, 2026
First filing on the tape Mar 21, 2012 · 38 filings
SEC status approved since May 25, 2011
RAUM
$379M
reported, Item 5.F
Discretionary
100%
of RAUM
Private clients
0.0%
$0 individuals and HNW
Advisors
3
registered through the firm on IAPD
RAUM per advisor
$126M
derived; firm RAUM over IAPD count
Employees
7
5 advisory (5.B.1)
Offices
3
beyond the principal office
Private funds
9
reported on Schedule D
History
38 filings and snapshots on the tape
RAUM$379M as of Mar 25, 2026
Mar 21, 2012$553M then
HNW client RAUM: no history
State-registered IARs (5.B.3)0 as of Mar 25, 2026
Mar 21, 20120 then
Employees (5.A)7 as of Mar 25, 2026
Mar 21, 20137 then
Private funds9 as of Mar 25, 2026
Mar 21, 20122 then
RAUM -21% over the last fiscal year-19% a year over threeIARs 0 to 0
Practice profile
derived from the filing of Mar 25, 2026; every figure names its basis
- RAUM per advisor
- $126MderivedRAUM 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
- $42.1MderivedRAUM over accounts (5.F.2.f)
- Discretionary
- 100%derivedof RAUM
- Institutional
- 0.0%derivedpensions, charities, corporations, government, insurance, banks, other advisers
- Employees per advisor
- 2.3derivedItem 5.A over advisors
- Advisors per office
- 0.8derived4 offices incl. principal (1.F.5)
- RAUM growth, one year
- -21%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 assets, performance-basedreportedItem 5.E
- Advisory activities
- portfolio management for pooled vehicles, selection of other advisersreportedItem 5.G
- Ownership
- no PE, bank or public-company owner found on Schedule Aderived
- Advisor book size
- not public; not estimatedreported
Also answered yes on Form ADV
- buys or sells securities as principal to or from clients (8.A.2)
- has discretionary authority over which securities are bought or sold (8.C.1)
- a related person has custody of client cash (9.B.1.a)
- a related person has custody of client securities (9.B.1.b)
Where the RAUM sits
Form ADV Item 5.D, latest filing
- Pooled investment vehicles$379M100%
- Individual clients
- n/areported
- HNW clients
- n/areported
- Pension plan clients
- n/areported
- Charitable clients
- n/areported
- Accounts
- 9reported
- Financial planning clients
- reported
- Wrap fee programs
- noreported
- Custody of client assets
- noreported
- Compensation
- % of AUM, performancereported
- Class basis
- private_client_share=0.0 fund_share=1.0 institutional_share=0.0 related_bd=false related_bank=false bd_reps=0.0derived
Advisors registered through the firm
3 on IAPD today, longest tenure first
| Name | Branch | Here since | In industry | Prior firms |
|---|---|---|---|---|
| Sally Ann Corning | Santa Fe, Nm | Jun 13, 2011 | 20 y | 0 |
| Brian Peter Birk | Santa Fe, Nm | Feb 25, 2013 | 20 y | 0 |
| Lee Michael Rand | Santa Fe, Nm | Aug 5, 2013 | 17 y | 0 |
Advisor movement
0 left, 0 joined in 12 months
net 0 in 12 months0 left in 90 days0 joined in 90 daysdeparture rate 0.0% of current headcount0 left over 36 months
Left, latest
none on the tape
Joined, latest
none on the tape
Private funds
13 reported on Schedule D 7.B.(1)
| Fund | Type | Gross assets | Owners | First reported |
|---|---|---|---|---|
| Nmsic Co-Investment Fund LP | Venture Capital Fund | $172M | 1 | Mar 21, 2012 |
| Mexico Ventures II Fund Of Funds, LP | Private Equity Fund | $153M | 6 | Mar 29, 2016 |
| Mexico Ventures I, L.P. | Private Equity Fund | $57.3M | 4 | Mar 21, 2012 |
| Mexico Ventures III, LP | Private Equity Fund | $56.0M | 2 | Mar 23, 2023 |
| New Mexico Recovery Fund, L.P. | Other Private Fund | $38.1M | 2 | Mar 22, 2021 |
| Mexico Ventures II Direct Fund, LP | Venture Capital Fund | $36.9M | 6 | Mar 29, 2016 |
| Badger Fund Of Funds I, LP | Private Equity Fund | $30.2M | 26 | Mar 29, 2016 |
| Sun Mountain Private Credit Fund I, LP | Other Private Fund | $20.3M | 56 | Mar 21, 2019 |
| New Mexico Catalyst Fund, LP | Private Equity Fund | $20.0M | 5 | Mar 30, 2017 |
| Mexico Ventures I Annex Fund, L.P. | Venture Capital Fund | $7.5M | 4 | Mar 27, 2014 |
| Sun Mountain Private Credit Fund II, LP | Other Private Fund | $7.1M | 23 | Mar 28, 2024 |
| Irrevocable Private Capital Investment Trust Agreement Number 745298no longer reported | Venture Capital Fund | $5.4M | 3 | Mar 27, 2015 |
| Mexico Ventures Mezzanine I Fund Of Funds, L.P.no longer reported | Private Equity Fund | $0 | 2 | Mar 27, 2018 |
Owners and control persons
Schedule A and B, latest filing
- Peter Brian Birk · Managing Membercontrolsince 12/2006 · owns 25% to 50%
- Michael Lee Rand · Membercontrolsince 01/2009 · owns 25% to 50%
- Handy Reed Soehnel · Chief Compliance Officersince 05/2022 · owns less than 5%
Related persons
Schedule D 7.A
No related person reported.
Office movement
IAPD branch city; joins and departures in 12 months
| Office | Advisors | Joined | Left | Teams out | Forming |
|---|---|---|---|---|---|
| Santa Fe, Nm · principal | 3 | 0 | 0 |
Offices
Schedule D 1.F, the 25 largest
- Col. Napoles, Mexico1 employees
- Stoughton, WI1 employees
- , 1 employees
What changed
consecutive filings, newest first
- Accounts · 10 to 9Jan 29, 2026 to Mar 25, 2026
- Advisory employees · 6 to 5Jan 29, 2026 to Mar 25, 2026
- Pooled vehicle clients · 10 to 9Jan 29, 2026 to Mar 25, 2026
- Employees · 8 to 7Jan 29, 2026 to Mar 25, 2026
- Private funds · 10 to 9Jan 29, 2026 to Mar 25, 2026
- Discretionary RAUM · $479M to $379MJan 29, 2026 to Mar 25, 2026
- Pooled vehicle RAUM · $479M to $379MJan 29, 2026 to Mar 25, 2026
- RAUM · $479M to $379MJan 29, 2026 to Mar 25, 2026
- Accounts · 11 to 10Jun 18, 2024 to Mar 26, 2025
- Advisory employees · 7 to 6Jun 18, 2024 to Mar 26, 2025
- Pooled vehicle clients · 11 to 10Jun 18, 2024 to Mar 26, 2025
- Employees · 9 to 8Jun 18, 2024 to Mar 26, 2025
- Financial planning clients · unset to Jun 18, 2024 to Mar 26, 2025
- Other offices · 4 to 3Jun 18, 2024 to Mar 26, 2025
- Private funds · 11 to 10Jun 18, 2024 to Mar 26, 2025
- Discretionary RAUM · $599M to $479MJun 18, 2024 to Mar 26, 2025
- Pooled vehicle RAUM · $599M to $479MJun 18, 2024 to Mar 26, 2025
- RAUM · $599M to $479MJun 18, 2024 to Mar 26, 2025
- Accounts · 10 to 11Mar 23, 2023 to Mar 28, 2024
- Pooled vehicle clients · 10 to 11Mar 23, 2023 to Mar 28, 2024
- Private funds · 10 to 11Mar 23, 2023 to Mar 28, 2024
- Discretionary RAUM · $721M to $599MMar 23, 2023 to Mar 28, 2024
- Pooled vehicle RAUM · $721M to $599MMar 23, 2023 to Mar 28, 2024
- RAUM · $721M to $599MMar 23, 2023 to Mar 28, 2024
- Accounts · 9 to 10Oct 21, 2022 to Mar 23, 2023
- Advisory employees · 8 to 7Oct 21, 2022 to Mar 23, 2023
- Pooled vehicle clients · 9 to 10Oct 21, 2022 to Mar 23, 2023
- Employees · 11 to 9Oct 21, 2022 to Mar 23, 2023
- State-registered IARs · 3 to 0Oct 21, 2022 to Mar 23, 2023
- Private funds · 9 to 10Oct 21, 2022 to Mar 23, 2023
- Discretionary RAUM · $739M to $721MOct 21, 2022 to Mar 23, 2023
- Pooled vehicle RAUM · $739M to $721MOct 21, 2022 to Mar 23, 2023
- RAUM · $739M to $721MOct 21, 2022 to Mar 23, 2023
- Accounts · 10 to 9Mar 22, 2021 to Mar 28, 2022
- Private funds · 10 to 9Mar 22, 2021 to Mar 28, 2022
- Discretionary RAUM · $695M to $739MMar 22, 2021 to Mar 28, 2022
- Pooled vehicle RAUM · $695M to $739MMar 22, 2021 to Mar 28, 2022
- RAUM · $695M to $739MMar 22, 2021 to Mar 28, 2022
- Accounts · 9 to 10Mar 23, 2020 to Mar 22, 2021
- Advisory employees · 7 to 8Mar 23, 2020 to Mar 22, 2021
Signals
1 dated events
- Sun Mountain Capital Advisors, Llc reported RAUM $662.4M, down 30% from $943.4M (2019-06-28 to 2020-03-23)Mar 23, 2020 · RAUM change · derived
Across DFX
shared identifiers only, never a name match
- SUN Mountain Capital Advisors, LLC · Independent Sponsorsshared crd · capital_provider
- SUN Mountain Capital Advisors, LLC · Private Equityshared crd · organization
- SUN Mountain Capital Advisors, LLC · Venture Capitalshared crd · organization
How to reach
public business contact points only, each with its source
- Firm profile
- linkedin.com/company/sun-mountain-capitalreportedpublic record, Form ADV, Sep 17, 2026
- Website
- SUNMOUNTAINCAPITAL.COMreportedpublic record, Form ADV, Sep 17, 2026
- Principal office phone
- 505-780-4218reportedpublic record, Form ADV, Mar 25, 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
- $126Mderivedfirm RAUM over the IAPD count; not a book size
- Loaded
- Sep 14, 2026