# Fiat Wealth Management

> Fiat Wealth Management is an SEC-registered investment advisory firm in Wayzata, MN, registered since 2022, reporting $500 million to $1 billion in regulatory assets under management in its Form ADV filing dated July 14, 2026.

- CRD: 318201
- Filed as: FIAT WEALTH MANAGEMENT
- Legal name: Fiat Wealth Management LLC
- Also doing business as: PACK PRIVATE WEALTH
- Registration: SEC-registered investment adviser (status as filed: Approved)
- Location: Wayzata, MN
- Filing period: October 2026
- Form ADV filing dated: July 14, 2026
- SEC record (IAPD): https://adviserinfo.sec.gov/firm/summary/318201
- AdvisorCensus page: https://advisorcensus.com/firm/fiat-wealth-management-wayzata-mn-318201

## Quick answers

**How is Fiat Wealth Management compensated?**
On its Form ADV (Item 5.E, October 2026), Fiat Wealth Management reports these compensation arrangements: a percentage of assets under its management; hourly charges; fixed fees (other than subscription fees).

**How much does Fiat Wealth Management charge?**
Its Form ADV Part 2A brochure dated July 2, 2026 states: Asset-based fee: up to 2% of assets a year (the maximum the brochure states); Flat fee: up to $10,000 (financial planning services). Fees can differ by service and may be negotiable; the brochure is the complete statement.

**Where is Fiat Wealth Management located?**
Fiat Wealth Management's principal office is in Wayzata, MN, according to its Form ADV; the August 2026 filing also lists 1 other office (Schedule D, Section 1.F).

**Is Fiat Wealth Management registered with the SEC or a state?**
Fiat Wealth Management is an SEC-registered investment advisory firm, registered since 2022. Status as filed: Approved. CRD 318201.

**How much does Fiat Wealth Management manage?**
Fiat Wealth Management reports $517,382,209 in regulatory assets under management in its Form ADV filing dated July 14, 2026 (100% discretionary).

**How have Fiat Wealth Management's assets and staff changed since 2022?**
In the Form ADV data for Fiat Wealth Management: Regulatory assets under management: $110,628,935 in the October 2022 data and $517,382,209 in the October 2026 data, up 368%. Total employees: 13 in October 2022 and 18 in October 2026. Assets under management move with markets as well as with clients coming and going.

**What types of clients does Fiat Wealth Management serve?**
By number of clients on Form ADV Item 5.D: individuals (other than high net worth individuals) (518); high net worth individuals (129).

**Which custodians does Fiat Wealth Management use?**
Fiat Wealth Management's most recent Form ADV filing (Schedule D, Section 5.K(3)) lists Charles Schwab & Co., Inc. as a custodian holding 10% or more of its separately managed account assets.

**Does Fiat Wealth Management report any disciplinary disclosures?**
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/318201

**What changed in Fiat Wealth Management's recent Form ADV filings?**
In the August 2026 filing data: Updated its list of owners and control persons (Schedule A).

## From the Form ADV filing

### Compensation (Item 5.E)
- A percentage of assets under your management
- Hourly charges
- Fixed fees (other than subscription fees)

### Fees and minimums (Form ADV Part 2A brochure dated July 2, 2026)

- Asset-based fee: up to 2% of assets a year (the maximum the brochure states)

> For portfolio management services, Fiat Wealth charges an annual fee of up to 2.00% of assets under management, payable either monthly in arrears, and based on the average daily value of the assets of the month just ended

- Flat fee: up to $10,000 (financial planning services)

> Fiat Wealth will charge a fixed fee of up to $10,000.00 for financial planning services. Fees are payable upon execution of the financial planning agreement.

As stated in the firm's brochure. Fees can differ by service and may be negotiable.

### Custodians (Schedule D, Section 5.K(3))
- Charles Schwab & Co., Inc.

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.

### Regulatory assets under management (Item 5.F)
- Total: $517,382,209
- Discretionary: $517,382,209
- Non-discretionary: $0

### Clients (Item 5.D)

| Client type | Clients | Assets |
| --- | --- | --- |
| Individuals (other than high net worth individuals) | 518 | $194,537,820 |
| High net worth individuals | 129 | $322,844,389 |
| Banking or thrift institutions | 0 | $0 |
| Investment companies | 0 | $0 |
| Business development companies | 0 | $0 |
| Pooled investment vehicles (other than investment companies and business development companies) | 0 | $0 |
| Pension and profit sharing plans (but not the plan participants or government pension plans) | 0 | $0 |
| Charitable organizations | 0 | $0 |
| State or municipal government entities (including government pension plans) | 0 | $0 |
| Other investment advisers | 0 | $0 |
| Insurance companies | 0 | $0 |
| Sovereign wealth funds and foreign official institutions | 0 | $0 |
| Corporations or other businesses not listed above | 0 | $0 |

### Advisory services (Item 5.G)
- 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)

### Firm details
- Registered since: 2022 (4 years)
- Employees: 18 total, 13 performing advisory functions
- Wrap fee program participation: No
- States registered or notice-filed: AZ, CA, CO, FL, IA, IL, IN, MN, MO, ND, NE, NJ, NY, PA, SD, TX, WI
- Disclosures (Item 11): Reports no disclosure items on Form ADV Item 11.

### Other offices (Schedule D, Section 1.F), as of the August 2026 filing
- St. Cloud, MN

### Websites listed on Form ADV (Item 1.I)
- fiattax.com
- fiatwm.com
- Facebook @fiatwm
- LinkedIn @fiatwealth

## Assets and staff over time

| Data period | Regulatory assets under management | Employees | Filing dated |
| --- | --- | --- | --- |
| October 2022 | $110,628,935 | 13 | September 26, 2022 |
| October 2023 | $133,444,496 | 14 | February 21, 2023 |
| October 2024 | $254,591,422 | 16 | March 6, 2024 |
| October 2025 | $370,627,618 | 18 | March 4, 2025 |
| October 2026 | $517,382,209 | 18 | July 14, 2026 |

Regulatory assets under management: $110,628,935 in the October 2022 data and $517,382,209 in the October 2026 data, up 368%.
Total employees: 13 in October 2022 and 18 in October 2026.

## Changes in the filing (last 12 months)

### August 2026
- Updated its list of owners and control persons (Schedule A).

### July 2026
- No longer lists the business name Pack Private Wealth Management.
- Added the business name Pack Private Wealth.
- Updated its list of owners and control persons (Schedule A).

### April 2026
- Employees performing advisory functions went from 10 to 13.
- Regulatory assets under management went from $370,627,618 to $517,382,209 (+40%).
- Added an office in St. Cloud, MN.

### February 2026
- Registered or notice-filed in AZ, CO, FL, MO, ND, NE, NY, SD, TX.

### December 2025
- Added the business name Pack Private Wealth Management.

## Source

Form ADV as filed, October 2026. Values appear as filed. Cite as: AdvisorCensus. Fiat Wealth Management (CRD 318201): Form ADV filing data as of October 2026.