DFX Intelligence

RIA Intelligence

Registered investment advisers, the advisors registered through them, the capital they report, the private vehicles they run and the people who own them, as a graph with a filing date behind every number. RAUM is what the adviser filed, a move is two registration dates, and a class is a rule you can read.

SEC-registered adviser

Fiat Wealth Management

Independent wealth managerWayzata, MinnesotaCRD 318201SEC 801-123255websiteIAPD
Legal name Fiat Wealth Management LLC
Latest filing Jul 14, 2026
First filing on the tape Jan 19, 2022 · 25 filings
SEC status approved since Feb 18, 2022
RAUM
$517M
reported, Item 5.F
Discretionary
100%
of RAUM
Private clients
100%
$517M individuals and HNW
Advisors
16
registered through the firm on IAPD
RAUM per advisor
$32.3M
derived; firm RAUM over IAPD count
Employees
18
13 advisory (5.B.1)
Offices
4
beyond the principal office
Private funds
0
reported on Schedule D
History
25 filings and snapshots on the tape
RAUM$517M as of Jul 14, 2026
Feb 21, 2023$133M then
HNW client RAUM$323M as of Jul 14, 2026
Feb 21, 2023$45.1M then
State-registered IARs (5.B.3)14 as of Jul 14, 2026
Feb 21, 202310 then
Employees (5.A)18 as of Jul 14, 2026
Feb 21, 202314 then
Private funds: no history
RAUM +40% over the last fiscal year+57% a year over threeIARs 10 to 14offices 3 to 4
Practice profile
derived from the filing of Jul 14, 2026; every figure names its basis
Archetypes, each a printed rule
  • HNW wealth manager · private-client share of RAUM at least 50 percent and HNW share of private-client RAUM 50 to 90 percent
RAUM per advisor
$32.3MderivedRAUM over IAPD advisors; not a book size
Clients per advisor
40derivedindividual and HNW clients (5.D) over advisors
Average HNW client
$2.5MderivedHNW RAUM over HNW clients
Average account
$229,234derivedRAUM over accounts (5.F.2.f)
Discretionary
100%derivedof RAUM
Institutional
0.0%derivedpensions, charities, corporations, government, insurance, banks, other advisers
Employees per advisor
1.1derivedItem 5.A over advisors
Advisors per office
3.2derived5 offices incl. principal (1.F.5)
RAUM growth, one year
+40%derivedbetween the last two annual amendments
Advisor growth, one year
+40%derivedItem 5.B.3 between annual amendments
Client growth, one year
-30%derived
Compensation
percentage of assets, hourly, fixed feesreportedItem 5.E
Advisory activities
financial planning, portfolio management for individuals, portfolio management for businesses and institutions, pension consulting, selection of other advisersreportedItem 5.G
Ownership
no PE, bank or public-company owner found on Schedule Aderived
Advisor book size
not public; not estimatedreported
Also answered yes on Form ADV
  • buys or sells securities as principal to or from clients (8.A.2)
  • has discretionary authority over which securities are bought or sold (8.C.1)
  • receives research or other products from a broker-dealer, soft dollars (8.E)
  • compensates persons for client referrals (8.G.1)
  • compensates non-employees for client referrals (8.G.2)
Where the RAUM sits
Form ADV Item 5.D, latest filing
  • High-net-worth individuals$323M62%
  • Individuals$195M38%
Individual clients
518reported
HNW clients
129reported
Pension plan clients
0reported
Charitable clients
0reported
Accounts
2,257reported
Financial planning clients
11-25reported
Wrap fee programs
noreported
Custody of client assets
noreported
Compensation
% of AUM, fixed, hourlyreported
Class basis
private_client_share=1.0 fund_share=0.0 institutional_share=0.0 related_bd=false related_bank=false bd_reps=0.0derived
Advisors registered through the firm
14 on IAPD today, longest tenure first
NameBranchHere sinceIn industryPrior firms
Daniel James David PetkauWayzata, MnFeb 22, 202210 y1
Scott Douglas AireyWayzata, MnFeb 22, 202211 y2
Daniel ColvinWayzata, MnFeb 22, 202214 y3
Bradly Joseph GottoWayzata, MnFeb 22, 202219 y2
Timothy Wayne MonsonOrangeville, Pa Mar 16, 202213 y0
Ashley Marie MilotWayzata, MnMar 16, 202214 y2
Darren Joseph LepakWayzata, MnAug 9, 202211 y1
Mark Andrew KlinePolk City, Ia Sep 7, 202216 y0
Lauren Ann BrownCertified Financial PlannerEden, Mn Feb 16, 202415 y4
Gayle Ann RossWayzata, Mn Feb 16, 202412 y1
Aaron Leif SyversonWayzata, MnJul 7, 202511 y0
William Haile Riviere IIIWayzata, MnOct 16, 202510 y0
Duncan Clare PedersonWayzata, MnMay 11, 202610 y0
Ryan John LeidleWayzata, MnJul 21, 202610 y0
Advisor movement
0 left, 0 joined in 12 months
net 0 in 12 months0 left in 90 days0 joined in 90 daysdeparture rate 0.0% of current headcount1 left over 36 months
Left, latest
Joined, latest
Every departureEvery arrival
Teams: two or more advisors moving together within fourteen days, from one state
    Teams outTeams in
    Private funds
    No private fund reported.
    Owners and control persons
    Schedule A and B, latest filing
    • Joseph Bradly Gotto · President, Ceo, Chief Compliance Officercontrol
      since 05/2019 · owns 75% or more
    Related persons
    Schedule D 7.A
    • Fiat Insurance Services, LLC
      real estaten
    • Fiat Tax, Pllc
      insurancey
    Office movement
    IAPD branch city; joins and departures in 12 months
    OfficeAdvisorsJoinedLeftTeams outForming
    Wayzata, Mn · principal1650
    Offices
    Schedule D 1.F, the 25 largest
    • , 1 employees
    ADV anomalies
    3 against comparable advisers; where to look, not conclusions
    • growth on all axesCombination · filing Mar 18, 2026
      RAUM, offices and advisors all grew 25 percent or more in one year: a platform in expansion or an acquisition. RAUM $370,627,618 to $517,382,209, advisors 10 to 14, private clients 930 to 647, offices 3 to 4 (2025-03-04 to 2026-03-18)
      peers: independent wealth managers, $500M to $1B (1,483)
    • clients down average size upCombination · filing Mar 18, 2026
      private clients fell 20 percent or more while RAUM per client rose 30 percent or more: a move up-market or the departure of small accounts. RAUM $370,627,618 to $517,382,209, advisors 10 to 14, private clients 930 to 647, offices 3 to 4 (2025-03-04 to 2026-03-18)
      peers: independent wealth managers, $500M to $1B (1,483)
    • RAUM up 25 %Change between filings · filing Mar 18, 2026
      RAUM (Item 5.F) moved from $370,627,618 to $517,382,209 (+40.0%) between the annual amendments of 2025-03-04 and 2026-03-18; the peer median change was +16.0% (1386 comparable advisers, 91.0th percentile of changes)
      peers: independent wealth managers, $500M to $1B (1,386) · 91% percentile
    How anomalies are measured
    What changed
    consecutive filings, newest first
    • Related adviser · false to true
      Mar 18, 2026 to Jun 22, 2026
    • Accounts · 2,014 to 2,257
      Feb 5, 2026 to Mar 18, 2026
    • Advisory employees · 10 to 13
      Feb 5, 2026 to Mar 18, 2026
    • HNW clients · 89 to 129
      Feb 5, 2026 to Mar 18, 2026
    • Individual clients · 841 to 518
      Feb 5, 2026 to Mar 18, 2026
    • Financial planning clients · 26-50 to 11-25
      Feb 5, 2026 to Mar 18, 2026
    • State-registered IARs · 10 to 14
      Feb 5, 2026 to Mar 18, 2026
    • Other offices · 3 to 4
      Feb 5, 2026 to Mar 18, 2026
    • Discretionary RAUM · $371M to $517M
      Feb 5, 2026 to Mar 18, 2026
    • HNW RAUM · $207M to $323M
      Feb 5, 2026 to Mar 18, 2026
    • Individual RAUM · $163M to $195M
      Feb 5, 2026 to Mar 18, 2026
    • RAUM · $371M to $517M
      Feb 5, 2026 to Mar 18, 2026
    • Accounts · 1,680 to 2,014
      Dec 11, 2024 to Mar 4, 2025
    • Charity clients · 1 to 0
      Dec 11, 2024 to Mar 4, 2025
    • HNW clients · 54 to 89
      Dec 11, 2024 to Mar 4, 2025
    • Individual clients · 774 to 841
      Dec 11, 2024 to Mar 4, 2025
    • Employees · 16 to 18
      Dec 11, 2024 to Mar 4, 2025
    • Financial planning clients · 11-25 to 26-50
      Dec 11, 2024 to Mar 4, 2025
    • Discretionary RAUM · $255M to $371M
      Dec 11, 2024 to Mar 4, 2025
    • HNW RAUM · $123M to $207M
      Dec 11, 2024 to Mar 4, 2025
    • Individual RAUM · $131M to $163M
      Dec 11, 2024 to Mar 4, 2025
    • RAUM · $255M to $371M
      Dec 11, 2024 to Mar 4, 2025
    • Related insurance company · false to true
      Mar 6, 2024 to Dec 11, 2024
    • Accounts · 1,335 to 1,680
      Feb 29, 2024 to Mar 6, 2024
    • Advisory employees · 11 to 10
      Feb 29, 2024 to Mar 6, 2024
    • HNW clients · 24 to 54
      Feb 29, 2024 to Mar 6, 2024
    • Individual clients · 420 to 774
      Feb 29, 2024 to Mar 6, 2024
    • Employees · 14 to 16
      Feb 29, 2024 to Mar 6, 2024
    • Other offices · 2 to 3
      Feb 29, 2024 to Mar 6, 2024
    • Discretionary RAUM · $133M to $255M
      Feb 29, 2024 to Mar 6, 2024
    • HNW RAUM · $45.1M to $123M
      Feb 29, 2024 to Mar 6, 2024
    • Individual RAUM · $88.0M to $131M
      Feb 29, 2024 to Mar 6, 2024
    • RAUM · $133M to $255M
      Feb 29, 2024 to Mar 6, 2024
    • Accounts · 1,278 to 1,335
      Jan 12, 2023 to Feb 21, 2023
    • Advisory employees · 10 to 11
      Jan 12, 2023 to Feb 21, 2023
    • HNW clients · 17 to 24
      Jan 12, 2023 to Feb 21, 2023
    • Individual clients · 488 to 420
      Jan 12, 2023 to Feb 21, 2023
    • Assets in custody · 110628935.0 to unset
      Jan 12, 2023 to Feb 21, 2023
    • Custody of client assets · true to false
      Jan 12, 2023 to Feb 21, 2023
    • Employees · 13 to 14
      Jan 12, 2023 to Feb 21, 2023
    Signals
    10 dated events
    • Fiat Wealth Management reported RAUM $517.4M, up 40% from $370.6M (2026-02-05 to 2026-03-18)
      Mar 18, 2026 · RAUM change · derived
    • Fiat Wealth Management reported RAUM $370.6M, up 46% from $254.6M (2024-12-11 to 2025-03-04)
      Mar 4, 2025 · RAUM change · derived
    • Fiat Wealth Management reported RAUM $254.6M, up 91% from $133.4M (2024-02-29 to 2024-03-06)
      Mar 6, 2024 · RAUM change · derived
    • Matthew Roy Stahl left Fiat Wealth Management for Liv Wealth Management (registered 2025-01-21)
      Feb 28, 2024 · Advisor changed firm · fact
    • Roy Matthew Stahl (President, Chief Compliance Officer) no longer on Schedule A of Fiat Wealth Management (listed 2022-06-17, absent 2022-06-23)
      Jun 23, 2022 · Control person left · inference
    • Mitchell Robert O'Brien left Fiat Wealth Management for Rbc Capital Markets, Llc (registered 2022-09-14)
      Jun 21, 2022 · Advisor changed firm · fact
    • Andrew Heuss left Fiat Wealth Management for Modelist (registered 2024-11-27)
      Jun 21, 2022 · Advisor changed firm · fact
    • 4 advisors left Foundations Investment Advisors LLC (Phoenix, AZ) for Fiat Wealth Management within 8 days
      Jun 3, 2022 · Team lift-out · derived
    • 4 advisors left Foundations Investment Advisors LLC (Wayzata, MN) for Fiat Wealth Management on the same day
      Jun 3, 2022 · Team lift-out · derived
    • Fiat Wealth Management filed its initial SEC registration (Form ADV)
      Jan 19, 2022 · First SEC registration · fact
    Across DFX
    shared identifiers only, never a name match
    No identifier-backed link to the venture, private equity, family office or sponsor graphs.
    How to reach
    public business contact points only, each with its source
    Business email
    hello@fiatwm.comreportedpublished by the firm, firm site, Sep 17, 2026
    Business phone
    952-426-9116reportedpublished by the firm, firm site, Sep 17, 2026
    Firm profile
    linkedin.com/company/fiatwealthreportedpublic record, Form ADV, Sep 17, 2026
    Website
    fiatwm.comreportedpublic record, Form ADV, Sep 17, 2026
    Principal office phone
    952-426-9116reportedpublic record, Form ADV, Jul 14, 2026
    Contact form
    fiatwm.com/contactreportedpublished by the firm, firm site, Sep 17, 2026
    Provenance
    Form ADV
    SEC filing data 2011 to 2024 and the monthly roster 2025 onreportedadviserinfo.sec.gov
    Advisors
    IAPD individual compilation feed, dailyreportedadviserinfo.sec.gov
    Class
    Independent wealth managerderiveda rule over Items 5.D and 7.A
    RAUM per advisor
    $32.3Mderivedfirm RAUM over the IAPD count; not a book size
    Loaded
    Sep 14, 2026