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Eight 31 Financial, LLC

Updated today

Client assets under management

$494,534,879

Clients

71

100% high-net worth

Advisors

4

of 5 employees

Firm type

Team

4-10 advisors or $500M+ in AUM

Clients per advisor

18

Very Low

Average account size

$6,965,280

About

Eight 31 Financial, LLC is a registered investment adviser serving primarily high‑net‑worth individuals and a limited number of pooled investment vehicle clients, managing about $532 million in assets for roughly 71 client relationships with a four‑advisor team. The firm provides discretionary portfolio management for separately managed accounts, operates a wrap‑fee program, and advises and sponsors private investment funds.

Investment programs are tailored to each client’s objectives and combine allocations to independent third‑party managers, mutual funds and ETFs, and selective private funds, with the firm exercising discretion to rebalance and implement strategies that may include derivatives and long‑short exposures. Eight 31 also uses third‑party platforms and tools — including a TAMP relationship for SMA/UMA access, Pontera for held‑away account management, and a third‑party cash sweep program — to implement and monitor client strategies.

What distinguishes Eight 31 from many peer team firms is its role as adviser and affiliated sponsor of multiple private funds (the Syntal Real Estate Fund, LLC Series 1–3 and Wolfcamp Credit Fund I, LP), the firm’s entitlement to carried‑interest and other performance‑based compensation at the fund level, and its practice of waiving its advisory fee for client investments in those funds. The combination of sponsoring closed private funds, providing portfolio management for pooled vehicles, acting as a wrap program sponsor, and relying on platform affiliations is relatively uncommon for a four‑advisor team that otherwise focuses on HNW separately managed accounts and does not emphasize standalone financial planning for non‑HNW individuals.

Client services

Portfolio management Selection of other advisers Consulting services

Expertise

Active portfolio management Options & derivatives strategies Private / alternative investments

Occupation focus

Founder/Business Owner Retired

Fee options

Fixed

Flat fees may be charged for consulting services; negotiable.

Percentage

$0 - $5,000,000: Up to 2.00% $5,000,000 - $10,000,000: Up to 1.65% $10,000,000 - $24,999,999: Up to 1.40% $25,000,000 - $25,000,000: Up to 1.25% $25,000,000+: Negotiable

Project-based

Hourly consulting fees generally range from $150 to $500 per hour, negotiable.

Performance-based

Performance-based fees (carried interest) are applicable only for affiliated private funds, not for separately managed accounts.

Other

Account minimum: $1,000,000 Minimum fee: Negotiable minimum annual fee in some cases; no standard minimum fee required for investment advisory services.

Main office location

Eight 31 Financial, LLC

3200 Mockingbird Lane, Building 7, Suite 204

Midland TX 79705, United States

Number of offices

1

Most active in

Louisiana · Texas

Disclosures

Exclamation point means they have disclosures of this type. Check mark means no disclosures of this type were found.

Business activities & affiliations

Advisors at this firm

user avatar

Cade J

Series 65

Midland, TX

Eight 31 Financial, LLC

Cade Jones is a financial advisor at Eight 31 Financial, LLC in Midland, TX, holding a Series 65 designation with seven years of industry experience. He previously worked at Syntal Capital Partners for six years and has a background that includes a role at UDawg Graphics. Eight 31 Financial advises primarily high-net-worth individuals and institutional clients, managing approximately $494 million in assets across 66 client relationships. The firm offers tailored, goal-based portfolios with discretionary authority, combining various investment vehicles and third-party platforms, and sponsors affiliated private funds while operating its own wrap fee program.

Active portfolio management Options & derivatives strategies Private / alternative investments Founder/Business Owner Retired
user avatar

Dane C

CFP®, Series 66

Midland, TX

Eight 31 Financial, LLC

Dane Crunk is a CFP® with 25 years of experience in the financial services industry. He is currently with Eight 31 Financial, LLC, where he has worked since 2023, following an 11-year tenure at Syntal Capital Partners, LLC. Outside of his advisory role, he serves as chairman of the board for Smith Industries, an energy service company, and is involved in managing various family investment entities focused on private equity, oil and gas, real estate, and manufacturing. Eight 31 Financial, LLC advises high-net-worth individuals and institutional clients, managing approximately $494 million in assets across 66 client relationships. The firm offers customized, goal-based portfolios with discretionary authority, combining third-party managers, mutual funds, ETFs, individual securities, and private fund allocations, and operates a firm-sponsored wrap fee program.

Active portfolio management Options & derivatives strategies Private / alternative investments Founder/Business Owner Retired
user avatar

Cressinda H

CFP®, Series 63, Series 65, Series 66

Midland, TX

Eight 31 Financial, LLC

Cressinda Hyatt is a CFP® professional with 20 years of industry experience, currently serving at Eight 31 Financial, LLC since 2024. Her prior experience includes roles at HomeMaker and the Pevehouse Family Foundation, Inc. Eight 31 Financial, LLC advises primarily high-net-worth individuals and institutional clients, managing approximately $494 million in assets. The firm offers tailored, goal-based portfolios using a combination of third-party managers, mutual funds, ETFs, individual securities, and private funds, along with discretionary portfolio management and consulting services.

Active portfolio management Options & derivatives strategies Private / alternative investments Founder/Business Owner Retired
user avatar

Raquel P

Series 66

Midland, TX

Eight 31 Financial, LLC

Raquel Padilla is a financial advisor at Eight 31 Financial, LLC with 16 years of industry experience. She holds the Series 66 designation and has previously worked at Purshe Kaplan Sterling Investments and Syntal Capital Partners. Eight 31 Financial, LLC advises high-net-worth individuals and institutional clients, managing approximately $494 million in assets. The firm offers tailored, goal-based portfolios using a combination of third-party managers, mutual funds, ETFs, individual securities, and private funds, along with discretionary portfolio management and consulting services.

Active portfolio management Options & derivatives strategies Private / alternative investments Founder/Business Owner Retired
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