{"url":"https://nivawealth.com/firms/fiat-wealth-management-318201","iapdUrl":"https://adviserinfo.sec.gov/firm/summary/318201","regulatoryAum":517382209,"crd":"318201","adviserRoster":{"asOf":"2026-10-09","items":[{"crd":"6634716","suffix":null,"lastName":"Airey","firstName":"Scott","middleName":"Douglas"},{"crd":"5536630","suffix":null,"lastName":"BROWN","firstName":"LAUREN","middleName":"ANN"},{"crd":"6871092","suffix":null,"lastName":"Colvin","firstName":"Daniel","middleName":null},{"crd":"5197760","suffix":null,"lastName":"GOTTO","firstName":"BRADLY","middleName":"JOSEPH"},{"crd":"7628919","suffix":null,"lastName":"Kline","firstName":"Mark","middleName":"Andrew"},{"crd":"8315912","suffix":null,"lastName":"Leidle","firstName":"Ryan","middleName":"John"},{"crd":"6733499","suffix":null,"lastName":"Lennartson","firstName":"Jason","middleName":"David"},{"crd":"6316178","suffix":null,"lastName":"Lepak","firstName":"Darren","middleName":"Joseph"},{"crd":"6038350","suffix":null,"lastName":"MILOT","firstName":"ASHLEY","middleName":"MARIE"},{"crd":"7515136","suffix":null,"lastName":"Monson","firstName":"Timothy","middleName":"Wayne"},{"crd":"8264207","suffix":null,"lastName":"Pederson","firstName":"Duncan","middleName":"Clare"},{"crd":"7080176","suffix":null,"lastName":"Petkau","firstName":"Daniel","middleName":"James 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Wealth Management LLC","displayName":"Fiat Wealth Management","slug":"fiat-wealth-management-318201","website":"https://fiatwm.com/","classification":{"segment":"individuals","segmentLabel":"Wealth management","type":"independent_wealth_manager","typeLabel":"RIA","feeDisclosure":"full"},"linkedinUrl":"https://www.linkedin.com/company/fiatwealth/","founded":"2022","organization":"Minnesota limited liability company","fiscalYearEnd":"December","headquarters":{"street":"1905 Wayzata BLVD, Suite 320","city":"Wayzata","state":"MN","stateName":"Minnesota","country":"United States","postalCode":"55391"},"tradeNames":["Pack Private Wealth"],"registration":{"secApproved":"18 February 2022","noticeFilings":null,"latestNoticeFiling":null},"wealthAumPerClient":799663.3833075734,"staff":{"employees":18,"advisory":13,"brokerDealerReps":0,"insuranceAgents":8,"promoters":1},"aum":{"regulatory":517382209,"discretionary":517382209,"discretionaryAccounts":2257,"nonDiscretionary":0,"nonDiscretionaryAccounts":0,"wrapProgram":null,"nonUsClientsPct":0,"nonAumClients":15},"clientTypes":[{"label":"Individuals (other than HNW)","clients":518,"regulatoryAum":194537820},{"label":"High-net-worth individuals","clients":129,"regulatoryAum":322844389}],"feePrograms":[{"role":"main","program":"Portfolio Management Services Fees","feeBasis":"ceiling","fee_tiers":null,"sourceUrl":"https://files.adviserinfo.sec.gov/IAPD/Content/Common/crd_iapd_Brochure.aspx?BRCHR_VRSN_ID=1050671","versionId":1050671,"ratePeriod":"annual","fee_billing":"both","submittedOn":"2026-07-02","documentName":"FIAT WEALTH MANAGEMENT, LLC FORM ADV PART 2A BROCHURE","fee_rate_low":null,"fee_rate_high":2,"fee_negotiable":null,"minimum_account":250000,"feeMinimumPeriod":null,"fee_minimum_annual":null},{"role":"other","program":"Estate Planning Services","summary":"Estate planning services provided through Wealth.com are charged a fee of up to $5,000, with terms set in a separate engagement letter.","sourceUrl":"https://files.adviserinfo.sec.gov/IAPD/Content/Common/crd_iapd_Brochure.aspx?BRCHR_VRSN_ID=1050671","versionId":1050671,"submittedOn":"2026-07-02","documentName":"FIAT WEALTH MANAGEMENT, LLC FORM ADV PART 2A BROCHURE"},{"role":"other","program":"Financial Planning Fees","summary":"Fixed fee for financial planning services of up to $10,000, payable on signing the financial planning agreement.","sourceUrl":"https://files.adviserinfo.sec.gov/IAPD/Content/Common/crd_iapd_Brochure.aspx?BRCHR_VRSN_ID=1050671","versionId":1050671,"submittedOn":"2026-07-02","documentName":"FIAT WEALTH MANAGEMENT, LLC FORM ADV PART 2A BROCHURE"}],"brochureCoverage":{"scope":"sec_inventory","status":"reviewed","checkedAt":"2026-10-22T11:09:26.750322+00:00","documents":[{"name":"FIAT WEALTH MANAGEMENT, LLC FORM ADV PART 2A BROCHURE","status":"read","sourceUrl":"https://files.adviserinfo.sec.gov/IAPD/Content/Common/crd_iapd_Brochure.aspx?BRCHR_VRSN_ID=1050671","versionId":1050671,"submittedOn":"2026-07-02"}]},"custodians":[{"name":"Charles Schwab & Co., Inc.","shortName":"Charles Schwab","location":"Westlake, TX","smaAssets":517382209}],"custodyNote":"Fiat Wealth Management does not have custody of client assets.","leadership":[{"name":"Bradly Gotto","title":"Chief Executive Officer, Manager, Chief Compliance Officer","crd":"5197760"},{"name":"Derek Swedberg","title":"Manager","crd":"4993155"}],"ownership":[{"label":"MDWP Holding Co, LLC","detail":"Managing member in the 75% or more ownership band and a control person, since May 2026."},{"label":"Gotto Family, LLC","detail":"Indirect owner: a member of MDWP Holding Co, LLC in the 50% to 75% band and a control person, since May 2026.","parent":"MDWP Holding Co, LLC"},{"label":"Swedberg Family Holdings, LLC","detail":"Indirect owner: a member of MDWP Holding Co, LLC in the 25% to 50% band and a control person, since May 2026.","parent":"MDWP Holding Co, LLC"},{"label":"Derek Swedberg","detail":"Indirect owner: a managing member of Swedberg Family Holdings, LLC in the 75% or more band and a control person, since May 2026.","parent":"Swedberg Family Holdings, LLC"},{"label":"Bradly Gotto","detail":"Indirect owner: a managing member of Gotto Family, LLC in the 75% or more band and a control person, since January 2026.","parent":"Gotto Family, LLC"}],"filedOffices":{"otherThanPrincipal":4,"privateResidences":3},"listedOfficeAddresses":2,"foreignOffices":[],"officesByState":[{"state":"Minnesota","offices":2,"addresses":[{"street":"1905 Wayzata BLVD, Suite 320","city":"Wayzata","headquarters":true},{"street":"525 S Hwy 10","city":"St. Cloud"}]}],"brochureServices":["education planning","estate planning","insurance","tax planning"],"advFacts":{"source":{"file":"ia100226.zip","asOf":"2 October 2026"},"telephone":"952-426-9116","stateRegisteredReps":14,"otherAdviserReps":0,"compensation":["A percentage of assets under management","Hourly charges","Fixed fees (other than subscription fees)"],"activities":["Financial planning services","Portfolio management for individuals and/or small businesses","Portfolio management for businesses (other than small businesses) or institutional clients","Pension consulting services","Selection of other advisers (including private fund managers)"],"financialPlanningClients":"11-25","assetMix":[{"label":"Exchange-traded equity securities","percent":56},{"label":"U.S. government/agency bonds","percent":7},{"label":"U.S. state and local bonds","percent":2},{"label":"Investment grade corporate bonds","percent":12},{"label":"Derivatives","percent":2},{"label":"Securities issued by registered investment companies or business development companies","percent":18},{"label":"Securities issued by pooled investment vehicles (other than registered investment companies)","percent":1},{"label":"Cash and cash equivalents","percent":2}],"privateFunds":0},"sources":{"adv1FilingDate":"14 July 2026","adv1Url":"https://reports.adviserinfo.sec.gov/reports/ADV/318201/PDF/318201.pdf","brochureDate":"2 July 2026","brochureUrl":"https://files.adviserinfo.sec.gov/IAPD/Content/Common/crd_iapd_Brochure.aspx?BRCHR_VRSN_ID=1050671","iapdCompiledDate":null,"retrievedDate":"15 October 2026","retrievedOn":"2026-10-15","updatedOn":"2026-10-22","holdingsUpdatedOn":"2026-10-21","adv1Pages":{},"brochurePages":{}},"otherBusiness":[],"faq":[{"question":"How many clients does Fiat Wealth Management have?","answer":"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","sourceRef":{"doc":"adv1","section":"employees"}},{"question":"What services does Fiat Wealth Management offer?","answer":"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","sourceRef":{"doc":"adv1","section":"employees"}},{"question":"How much does Fiat Wealth Management charge?","answer":"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","sourceRef":{"doc":"brochure","section":"fees"}},{"question":"Which custodians does Fiat Wealth Management use?","answer":"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","sourceRef":{"doc":"adv1","section":"custodians"}},{"question":"How many financial advisors does Fiat Wealth Management have?","answer":"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","sourceRef":{"doc":"adv1","section":"employees"}},{"question":"What does Fiat Wealth Management invest in?","answer":"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","sourceRef":{"doc":"adv1","section":"employees"}},{"question":"Does Fiat Wealth Management have a minimum investment?","answer":"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","sourceRef":{"doc":"brochure","section":"fees"}},{"question":"Who owns Fiat Wealth Management?","answer":"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","sourceRef":{"doc":"adv1","section":"scheduleA"}},{"question":"How does Fiat Wealth Management get paid?","answer":"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","sourceRef":{"doc":"adv1","section":"employees"}},{"question":"Is Fiat Wealth Management registered with the SEC?","answer":"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","sourceRef":{"doc":"adv1","section":"identity"}},{"question":"How do I contact Fiat Wealth Management?","answer":"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.","source":"Form ADV Part 1A, Item 1.F, filed 14 July 2026","sourceRef":{"doc":"adv1","section":"offices"}}],"holdings":null,"notice":"Compiled from public SEC Form ADV filings on the dates in `sources`. Facts as filed; not a rating, ranking, or recommendation. Niva is not affiliated with this firm. Disciplinary history is deliberately not included here or on the page; the SEC publishes the complete record at the `iapdUrl` above."}