{
  "crd_number": 327632,
  "slug": "eight-31-financial-llc-midland-tx-327632",
  "primary_business_name": "EIGHT 31 FINANCIAL, LLC",
  "legal_name": "EIGHT 31 FINANCIAL, LLC",
  "dbas": [],
  "city": "Midland",
  "state": "TX",
  "country": "United States",
  "cbsa_code": "33260",
  "metro": {
    "cbsa_code": "33260",
    "common_name": "Midland",
    "msa_name": "Midland, TX",
    "path": "/advisors/tx/midland"
  },
  "registration_type": "sec",
  "registration_status": "Approved",
  "registration_date": "2023-08-28",
  "years_registered": 3,
  "period": "2026-10-01",
  "filing_date": "2026-03-31",
  "carried_forward": false,
  "raum_total": 532353561.0,
  "raum_discretionary": 345831723.0,
  "raum_non_discretionary": 186521838.0,
  "raum_band": "500m_1b",
  "raum_band_label": "$500 million to $1 billion",
  "total_employees": 5,
  "advisory_employees": 4,
  "client_count_bucket": "fewer_than_5_in_some_types",
  "clients_by_type": {
    "other": {
      "raum": 5034742.0,
      "count": null,
      "description": "NON-PROFIT FOUNDATION",
      "fewer_than_5": true
    },
    "high_net_worth_individuals": {
      "raum": 494534879.0,
      "count": 71
    },
    "pooled_investment_vehicles": {
      "raum": 32783940.0,
      "count": 3
    }
  },
  "compensation_types": [
    "fixed",
    "hourly",
    "percentage_of_aum",
    "performance_based"
  ],
  "advisory_activities": [
    "other",
    "portfolio_management_businesses_institutional",
    "portfolio_management_individuals",
    "portfolio_management_pooled_vehicles",
    "selection_of_other_advisers"
  ],
  "wrap_fee_participant": true,
  "disclosure_yes_count": 0,
  "states_registered": [
    "LA",
    "TX"
  ],
  "websites": [
    "https://facebook.com/profile.php?id=61551800375988",
    "https://instagram.com/eight31financial",
    "https://linkedin.com/company/eight31financial/about",
    "https://twitter.com/Eight31_Finance",
    "https://youtube.com/channel/UCjt6XCi3w27O5BS6Vy0d6_w"
  ],
  "iapd_url": "https://adviserinfo.sec.gov/firm/summary/327632",
  "city_as_filed": "MIDLAND",
  "url": "https://advisorcensus.com/firm/eight-31-financial-llc-midland-tx-327632",
  "display_name": "Eight 31 Financial, LLC",
  "summary": "Eight 31 Financial, LLC is an SEC-registered investment advisory firm in Midland, TX, registered since 2023, reporting $500 million to $1 billion in regulatory assets under management in its Form ADV filing dated March 31, 2026.",
  "citation": "AdvisorCensus. Eight 31 Financial, LLC (CRD 327632): Form ADV filing data as of October 2026.",
  "registration_type_label": "SEC-registered investment adviser",
  "compensation_labels": [
    "A percentage of assets under your management",
    "Hourly charges",
    "Fixed fees (other than subscription fees)",
    "Performance-based fees"
  ],
  "advisory_activity_labels": [
    "Portfolio management for individuals and/or small businesses",
    "Portfolio management for pooled investment vehicles (other than investment companies)",
    "Portfolio management for businesses (other than small businesses) or institutional clients",
    "Selection of other advisers (including private fund managers)",
    "Other"
  ],
  "quick_answers": [
    {
      "q": "How is Eight 31 Financial, LLC compensated?",
      "a": "On its Form ADV (Item 5.E, October 2026), Eight 31 Financial, LLC reports these compensation arrangements: a percentage of assets under its management; hourly charges; fixed fees (other than subscription fees); performance-based fees."
    },
    {
      "q": "How much does Eight 31 Financial, LLC charge?",
      "a": "Its Form ADV Part 2A brochure dated March 31, 2026 states: Hourly rate: $150 to $500 an hour (consulting services…). Fees can differ by service and may be negotiable; the brochure is the complete statement."
    },
    {
      "q": "Where is Eight 31 Financial, LLC located?",
      "a": "Eight 31 Financial, LLC's principal office is in Midland, TX, according to its Form ADV."
    },
    {
      "q": "Is Eight 31 Financial, LLC registered with the SEC or a state?",
      "a": "Eight 31 Financial, LLC is an SEC-registered investment advisory firm, registered since 2023. Status as filed: Approved. CRD 327632."
    },
    {
      "q": "How much does Eight 31 Financial, LLC manage?",
      "a": "Eight 31 Financial, LLC reports $532,353,561 in regulatory assets under management in its Form ADV filing dated March 31, 2026 (65% discretionary)."
    },
    {
      "q": "How have Eight 31 Financial, LLC's assets and staff changed since 2023?",
      "a": "In the Form ADV data for Eight 31 Financial, LLC: Regulatory assets under management: $0 in the October 2023 data and $532,353,561 in the October 2026 data. Total employees: 3 in October 2023 and 5 in October 2026. Assets under management move with markets as well as with clients coming and going."
    },
    {
      "q": "What types of clients does Eight 31 Financial, LLC serve?",
      "a": "By number of clients on Form ADV Item 5.D: high net worth individuals (71); pooled investment vehicles (other than investment companies and business development companies) (3)."
    },
    {
      "q": "Which custodians does Eight 31 Financial, LLC use?",
      "a": "Eight 31 Financial, LLC's most recent Form ADV filing (Schedule D, Section 5.K(3)) lists Pershing LLC as a custodian holding 10% or more of its separately managed account assets."
    },
    {
      "q": "Does Eight 31 Financial, LLC report any disciplinary disclosures?",
      "a": "Reports no disclosure items on Form ADV Item 11. The detail of any item is on the firm's SEC record: https://adviserinfo.sec.gov/firm/summary/327632"
    },
    {
      "q": "What changed in Eight 31 Financial, LLC's recent Form ADV filings?",
      "a": "In the April 2026 filing data: Employees performing advisory functions went from 3 to 4."
    }
  ],
  "filing_history": [
    {
      "period": "2023-10-01",
      "regulatory_assets_under_management": 0.0,
      "total_employees": 3,
      "filing_date": "2023-09-08"
    },
    {
      "period": "2024-10-01",
      "regulatory_assets_under_management": 350541657.0,
      "total_employees": 4,
      "filing_date": "2024-08-19"
    },
    {
      "period": "2025-10-01",
      "regulatory_assets_under_management": 494264981.0,
      "total_employees": 4,
      "filing_date": "2025-03-31"
    },
    {
      "period": "2026-10-01",
      "regulatory_assets_under_management": 532353561.0,
      "total_employees": 5,
      "filing_date": "2026-03-31"
    }
  ],
  "recent_changes": [
    {
      "period": "2026-04-01",
      "period_label": "April 2026",
      "notes": [
        "Employees performing advisory functions went from 3 to 4."
      ]
    }
  ],
  "fees_from_brochure": {
    "source": "Form ADV Part 2A brochure dated March 31, 2026",
    "provided_by_the_firm": false,
    "tiers": [],
    "flat_rate": null,
    "stated_range": null,
    "stated_maximum": null,
    "account_minimum": null,
    "account_minimum_may_be_waived": false,
    "minimum_annual_fee": null,
    "planning_fees": [
      "Hourly rate: $150 to $500 an hour (consulting services…)"
    ],
    "figures": [
      {
        "label": "Planning fee",
        "statements": [
          "Hourly rate: $150 to $500 an hour (consulting services…)"
        ],
        "quotes": [
          "The Firm’s consulting fees are negotiable, and the Firm may be engaged on a fixed fee or hourly basis, but its hourly fees generally range from $150 to $500, depending upon the level and scope of the services required and the professionals rendering the services."
        ]
      }
    ],
    "values": {
      "tiers": [],
      "range_pct": null,
      "max_pct": null,
      "account_minimum": null,
      "minimum_annual_fee": null,
      "planning": [
        {
          "kind": "hourly",
          "amount": null,
          "min": 150.0,
          "max": 500.0,
          "period": "hour",
          "service": "consulting services (on investment and non–investment related matters)"
        }
      ]
    },
    "quotes": [
      "The Firm’s consulting fees are negotiable, and the Firm may be engaged on a fixed fee or hourly basis, but its hourly fees generally range from $150 to $500, depending upon the level and scope of the services required and the professionals rendering the services."
    ],
    "note": "As stated in the firm's brochure; fees can differ by service and may be negotiable."
  },
  "custodians": [
    {
      "name": "Pershing LLC",
      "name_as_filed": "PERSHING LLC",
      "affiliated": false
    }
  ],
  "custodians_note": "Custodians holding 10% or more of the firm's separately managed account assets, as filed on Form ADV (Schedule D, Section 5.K(3)). A custodian holds client assets; it does not endorse or supervise the firm. AdvisorCensus has no relationship with any custodian.",
  "markdown_url": "https://advisorcensus.com/firm/eight-31-financial-llc-midland-tx-327632.md",
  "clients": [
    {
      "type": "high_net_worth_individuals",
      "label": "High net worth individuals",
      "count": 71,
      "fewer_than_5": false,
      "raum": 494534879.0
    },
    {
      "type": "pooled_investment_vehicles",
      "label": "Pooled investment vehicles (other than investment companies and business development companies)",
      "count": 3,
      "fewer_than_5": false,
      "raum": 32783940.0
    },
    {
      "type": "other",
      "label": "Other",
      "count": null,
      "fewer_than_5": true,
      "raum": 5034742.0
    }
  ],
  "disclosure_line": "Reports no disclosure items on Form ADV Item 11.",
  "disclosure_items": [],
  "indexable": true,
  "suppressed": false,
  "claimed": false,
  "enhanced": false,
  "provided_by_the_firm": null,
  "source": {
    "name": "Form ADV",
    "as_of": "2026-10-01",
    "iapd_url": "https://adviserinfo.sec.gov/firm/summary/327632",
    "operator": "BH Monitor Services, LLC",
    "license": "https://creativecommons.org/licenses/by/4.0/",
    "credit": "AdvisorCensus (advisorcensus.com), from SEC Form ADV data"
  }
}