Eight 31 Financial, LLC
Data sourced from SEC public records (and other sources when available). Refreshed weekly • Updated today.
Client AUMClient assets under management
$494,534,879
Clients
71
Advisors
4
across 2 offices
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
Expertise
Occupation focus
Fee options
Flat fees may be charged for consulting services; negotiable.
$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
Hourly consulting fees generally range from $150 to $500 per hour, negotiable.
Performance-based fees (carried interest) are applicable only for affiliated private funds, not for separately managed accounts.
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
See office3200 Mockingbird Lane, Building 7, Suite 204
Midland TX 79705
Advisors at this office
3
Offices (2)
Most active in
Louisiana · Texas
Also doing business as
Eight 31 Financial, LLC · Exodus 20:2, LLC
Disclosures
Exclamation point means they have disclosures of this type. Check mark means no disclosures of this type were found.
Business activities & affiliations
Is active or affiliated with:
Fund sponsor
They manage or sponsor investment funds and may earn management or performance-based fees if clients invest in them.
Is not active or affiliated with:
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Insurance agent
They sell insurance products and may earn commissions on those sales.
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Broker-dealer / trader
They provide brokerage services and may earn transaction-based compensation in addition to advisory fees.
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Bank
They're affiliated with a bank that may offer its own financial products and services.
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Trust company
They provide trust and estate administration services, typically for separate fees.
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Accountant / CPA / tax prep
They offer tax and accounting services, typically for separate fees.
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Lawyer
They provide legal services, typically billed separately.
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Real estate agent
They facilitate real estate transactions and may earn commissions.
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Other specialized services
They may provide services such as pension consulting or municipal advisory work, typically for separate fees.
Quick links
Advisors at this firm
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.
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.
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.
Raquel P
Series 66
Midland, TX
Eight 31 Financial, LLC
Raquel Padilla is a financial advisor with Eight 31 Financial, LLC, holding a Series 66 designation and 17 years of industry experience. She previously worked at Purshe Kaplan Sterling Investments and Syntal Capital Partners. Eight 31 Financial, LLC serves primarily high-net-worth individuals and manages approximately $532 million in assets across separately managed accounts, wrap-fee programs, and private investment funds. The firm sponsors multiple private funds and combines allocations to third-party managers, mutual funds, ETFs, and selective private funds with discretionary portfolio management.
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