Fiat Wealth Management provides financial planning, portfolio management for individuals and small businesses, portfolio management for institutions, pension consulting, selecting other managers, education planning, estate planning, insurance, and tax planning. Financial planning was provided to 11–25 clients last fiscal year.
Fiat Wealth Management reports 647 clients. They include 518 individual clients and 129 high-net-worth individuals. Of its assets, 100.0% ($517M across 2,257 accounts) are managed with discretion. It advised 15 clients without assets under management last fiscal year.
| Client type | Clients | Assets |
|---|---|---|
| Individuals (other than HNW) | 80% | 38% |
| High-net-worth individuals | 20% | 62% |
Client breakdown and activity details
| Client type | Clients | Regulatory AUM | AUM share | Avg. per client |
|---|---|---|---|---|
| Individuals (other than HNW) | 518 | $195M | 37.6% | $376K |
| High-net-worth individuals | 129 | $323M | 62.4% | $2.5M |
| Total | 647 | $517M | 100% | $800K |
- Clients
- 518
- Regulatory AUM
- $195M
- AUM share
- 37.6%
- Avg. per client
- $376K
- Clients
- 129
- Regulatory AUM
- $323M
- AUM share
- 62.4%
- Avg. per client
- $2.5M
Total
- Clients
- 647
- Regulatory AUM
- $517M
- AUM share
- 100%
- Avg. per client
- $800K
- Clients outside the U.S.
- 0%
- Clients advised without assets under management last fiscal year
- 15
- Private funds advised
- 0
- Financial planning clients last fiscal year
- 11–25
Fiat Wealth Management charges up to 2.00% a year for its Portfolio Management Services Fees. The fee is billed in advance or in arrears and requires an account of at least $250,000. The brochure also prices 2 other services, listed under fee details.
Fee details and sources
Other fees
- Estate Planning Services
- Estate planning services provided through Wealth.com are charged a fee of up to $5,000, with terms set in a separate engagement letter.
- Financial Planning Fees
- Fixed fee for financial planning services of up to $10,000, payable on signing the financial planning agreement.
MDWP Holding Co, LLC owns 75% or more of Fiat Wealth Management and is in turn owned by Gotto Family, LLC (50–75%) and Swedberg Family Holdings, LLC (25–50%). Bradly Gotto is CEO. It has 18 employees, 13 of them in advisory roles.
Leadership
- Bradly GottoChief Executive Officer, Manager, Chief Compliance Officer
- Derek SwedbergManager
Investment adviser representatives
16 representatives listed in the SEC register as of 9 October 2026.
Staff
- 18 employees
- 13 in advisory functions
- 14 state-registered reps
- 8 insurance agents
- 1 soliciting firm
- Owns 75% or more of Fiat Wealth Management LLC
MDWP Holding Co, LLC
Control person · since May 2026
- Owns 50% to 75% of MDWP Holding Co, LLC
Gotto Family, LLC
Control person · since May 2026
- Owns 75% or more of Gotto Family, LLC
Bradly Gotto
Control person · since January 2026
- Owns 25% to 50% of MDWP Holding Co, LLC
Swedberg Family Holdings, LLC
Control person · since May 2026
- Owns 75% or more of Swedberg Family Holdings, LLC
Derek Swedberg
Control person · since May 2026
Fiat Wealth Management’s regulatory assets grew 4.7× from $111M (June 2022) to $517M (July 2026); clients rose from 506 to 647 and employees from 13 to 18.
Figures from each annual filing
| Filed | Regulatory AUM | Clients | Employees | Offices |
|---|---|---|---|---|
| July 2026 | $517M | 647 | 18 | 5 |
| March 2025 | $371M | 930 | 18 | 4 |
| March 2024 | $255M | 829 | 16 | 4 |
| February 2023 | $133M | 445 | 14 | 3 |
| June 2022 | $111M | 506 | 13 | 2 |
Besides its headquarters, Fiat Wealth Management has 4 offices (3 private residences, listed without an address), with 2 listed addresses in Minnesota.
Minnesota · 2 listed addresses
- 1905 Wayzata BLVD, Suite 320, WayzataHQ
- 525 S Hwy 10, St. Cloud
Other business names
Fiat Wealth Management has reported 1 other business name to the SEC.
- Pack Private Wealth
Contact and registration details
- Legal name
- Fiat Wealth Management LLC
- Headquarters
- 1905 Wayzata BLVD, Suite 320, Wayzata, MN 55391
- Website
- fiatwm.com
- Phone
- 952-426-9116
- @fiatwealth
- SEC file
- 801-123255
- Founded
- 2022
- Structure
- Minnesota LLC
- Fiscal year end
- December
Fiat Wealth Management uses Charles Schwab ($517M) as custodian for its separately managed accounts. Fiat Wealth Management does not have custody of client assets.
- Charles SchwabCharles Schwab & Co., Inc. · Westlake, TX · $517M100%
At year end, Fiat Wealth Management’s separately managed accounts were mostly in stocks (56%) and bonds (21%).
What the accounts hold
- Stocks56%
- Funds19%
- Registered funds18%
- Pooled vehicles1%
- Bonds21%
- Investment grade corporate bonds12%
- U.S. government and agency bonds7%
- State and local bonds2%
- Cash2%
- Other2%
- Derivatives2%
How many clients does Fiat Wealth Management have?
Fiat Wealth Management has 647 clients and manages $517 million for them, as of July 2026. They include 518 individual clients and 129 high-net-worth individuals.
Source: Form ADV Part 1A, Items 5.D and 5.F, filed 14 July 2026
What services does Fiat Wealth Management offer?
Fiat Wealth Management provides financial planning, portfolio management for individuals and small businesses, portfolio management for institutions, pension consulting, selecting other managers, education planning, estate planning, insurance, and tax planning.
Source: Form ADV Part 1A, Item 5.G, from the SEC's 2 October 2026 data file; Part 2A brochure, Item 4
How much does Fiat Wealth Management charge?
Fiat Wealth Management charges up to 2.00% a year for its Portfolio Management Services Fees. The fee is billed in advance or in arrears and requires an account of at least $250,000.
Source: FIAT WEALTH MANAGEMENT, LLC FORM ADV PART 2A BROCHURE, filed 2 July 2026
Which custodians does Fiat Wealth Management use?
Fiat Wealth Management’s separately managed account assets are held at Charles Schwab & Co., Inc. (Westlake, TX), with $517M. Only custodians holding at least a tenth of those assets are named.
Source: Form ADV Part 1A, Schedule D, Section 5.K.(3), filed 14 July 2026
How many financial advisors does Fiat Wealth Management have?
Fiat Wealth Management has 14 investment adviser representatives registered with state securities authorities, out of 18 employees, and 13 perform investment advisory functions. 0 employees are registered representatives of a broker-dealer and 8 employees are licensed insurance agents.
Source: Form ADV Part 1A, Items 5.A and 5.B, from the SEC's 2 October 2026 data file
What does Fiat Wealth Management invest in?
At the end of its last fiscal year, Fiat Wealth Management’s separately managed accounts held 56% exchange-traded equities, 18% registered funds (mutual funds, ETFs, BDCs), 12% investment grade corporate bonds, 7% U.S. government and agency bonds, 2% state and local bonds, 2% derivatives, 2% cash and equivalents and 1% pooled vehicles (private funds and similar).
Source: Form ADV Part 1A, Items 5.K.(1) and 7.B, from the SEC's 2 October 2026 data file
Does Fiat Wealth Management have a minimum investment?
Yes, Fiat Wealth Management’s minimum account size for its Portfolio Management Services Fees is $250K.
Source: FIAT WEALTH MANAGEMENT, LLC FORM ADV PART 2A BROCHURE, filed 2 July 2026
Who owns Fiat Wealth Management?
Fiat Wealth Management is owned through a chain of holding companies by Derek Swedberg and Bradly Gotto. Its direct owner is MDWP Holding Co, LLC (75% or more).
Source: Form ADV Part 1A, Schedules A and B, filed 14 July 2026
How does Fiat Wealth Management get paid?
Fiat Wealth Management is paid through a percentage of assets under management, hourly charges and fixed fees. Its Form ADV lists no commissions or performance-based fees among how it is paid.
Source: Form ADV Part 1A, Item 5.E, from the SEC's 2 October 2026 data file
Is Fiat Wealth Management registered with the SEC?
Yes, Fiat Wealth Management has been registered with the SEC as an investment adviser since 18 February 2022. Its CRD number is 318201 and its SEC file number is 801-123255.
Source: Form ADV Part 1A, Item 1, filed 14 July 2026; IAPD firm record
How do I contact Fiat Wealth Management?
Fiat Wealth Management’s main office is at 1905 Wayzata BLVD, Suite 320, Wayzata, MN 55391. Its phone number is 952-426-9116. Its website is fiatwm.com.