SEC-registered independent wealth management RIA
Eight 31 Financial, LLC
As of its Form ADV filed March 31, 2026, Eight 31 Financial, LLC, an SEC-registered independent wealth management RIA in Midland, Texas, reported $532.4 million in regulatory assets under management across 122 accounts, ranking #187 among independent RIAs in Texas by assets.
Registration
- Registration
- SEC-registered, Approved
- CRD number
- 327632
- SEC file number
- 801-128608
- Registered since
- August 28, 2023
- Latest Form ADV filing
- March 31, 2026
- Organized as
- Limited Liability Company
- Fiscal year ends
- December
- Other offices
- 0
Key figures
- Regulatory assets under management
- $532.4 million
- Discretionary
- $345.8 million (65.0%)
- Non-discretionary
- $186.5 million
- Accounts
- 122 (75 discretionary)
- Clients
- 79, approximate as reported
- Employees
- 5
- Advisory staff
- 4 performing investment advisory functions
- Average account
- $4.4 million
- Asset growth, 1 year
- 7.7% (from $494.3 million a year earlier)
- Asset growth, 3-year annual rate
- Not reported
- Asset growth, 5-year annual rate
- Not reported
- Client growth, 1 year
- 3.9% (from 76)
Independent wealth management RIA: individual and high net worth clients hold at least half of its regulatory assets, it offers financial planning or portfolio management for individuals, and it is not a broker-dealer, a bank or part of one by the directory's rules. How firms are classed.
Growth rates come from the SEC's yearly snapshots and are left blank when the years are not comparable.
Rankings
Among independent wealth management RIAs.
| Ranking | Nationally | In Texas | Value |
|---|---|---|---|
| Largest independent RIAs by assets under management | #2,456 | #187 | $532.4 million |
| Fastest-growing independent RIAs over one year | #5,546 | #406 | 7.7%from $494.3 million |
| Independent RIAs with the biggest asset gains over one year | #4,094 | #292 | $38.1 million |
| Independent RIAs with the most clients | #9,903 | #694 | 79 |
| Independent RIAs with the most accounts | #10,513 | #748 | 122 |
| Independent RIAs with the most advisory staff | #3,365 | #253 | 4 |
| Independent RIAs with the most high net worth clients | #4,295 | #302 | 71 |
| Independent RIAs with the most CFP professionals | #1,937 | #144 | 2 |
Assets over time
Data table
| As of | RAUM |
|---|---|
| October 5, 2023 | $0 |
| October 1, 2024 | $350.5 million |
| September 2, 2025 | $494.3 million |
| October 2, 2026 | $532.4 million |
Clients and services
Client mix
| Measure | Bar | RAUM |
|---|---|---|
| High net worth individuals 71 clients | $494.5 million | |
| Pooled investment vehicles 3 clients | $32.8 million | |
| Other fewer than 5 clients | $5.0 million |
How the firm is paid
- A percentage of assets under management
- Hourly charges
- Fixed fees
- Performance-based fees
Advisory services
- Portfolio management for individuals or small businesses
- Portfolio management for pooled investment vehicles
- Portfolio management for businesses or institutional clients
- Selection of other advisers
- Other
Wrap fee program sponsor or portfolio manager: yes.
Other business, affiliations and custody
Other business activities (Item 6.A)
None reported.
Financial industry affiliations (Item 7.A)
- Other investment adviser
- Sponsor, general partner or managing member of pooled investment vehicles
Advises 3 private funds (Item 7.B).
Custody (Item 9)
The firm reported custody of client cash or securities, $32.8 million in total.
Investment adviser representatives
- IARs registered with the firm
- 4
- Also registered through a broker-dealer
- 0
- Employees who are IARs (Form ADV 5.B(3))
- 5
Designations held by the firm's IARs: CFP 2.
0 of the firm's 4 IARs are registered in jurisdictions that require IAR CE. IAR CE requirements by state.
Counts only. AdvisorIQ does not list individual people.
Disclosures
On Form ADV Item 11 the firm answered yes to 0 disclosure questions. See the detail on IAPD.
Succession and acquired firms
On Form ADV Item 4 the firm did not report succeeding to another adviser's business.
Similar-sized firms in Texas
| Firm | City | RAUM |
|---|---|---|
| Black Knight Wealth Management, LLC | Frisco | $539.2 million |
| Peirce Capital Management, LLC | The Woodlands | $534.1 million |
| Robertson Investment Management | Houston | $534.1 million |
| New Capital Management, LP | Houston | $533.5 million |
| Trinity Portfolio Advisors, LLC | Southlake | $530.5 million |
The five independent RIAs nearest in regulatory assets with a main office in the same state.
Elsewhere
- Eight 31 Financial, LLC on IAPD: Form ADV, brochures and disclosure detail.
- Firm website: www.linkedin.com/company/eight31financial/about
- Independent RIAs in Texas
Firm data as of October 2, 2026, from ia100226.zip. Figures are as the firm reported them; corrections are made on Form ADV and appear after the next monthly reload.
Data as of October 2, 2026, from Form ADV. Sources: SEC registered adviser data (ia100226.zip) and IAPD compilation reports. How the directory is built.