Fiat Wealth Management, LLC (“Fiat Wealth” and/or “the firm”) is a limited liability company formed in the State
of Minnesota. Bradly J. Gotto is the principal owner of Fiat Wealth. Fiat Wealth has been offering investment
advisory services since 2022.
The following paragraphs describe our services and fees. You may see the term Associated Person throughout
this Brochure. As used in this Brochure, this term refers to anyone from our firm who is an officer, employee, and
all individuals providing investment advice on behalf of our firm. Where required, such persons are properly
licensed or registered as investment adviser representatives.
Financial Planning Services
We offer broad-based financial planning services regarding management of financial resources based upon an
analysis of the client’s individual needs. We will meet with you to gather information about your financial
circumstances and objectives. Once we collect and analyze the documentation and information you provide, we
work with you to develop a financial plan designed to help you achieve your financial goals and objectives. In this
way, Fiat Wealth assists the client in developing a strategy for the management of income, assets, and liabilities.
In general, financial planning services may include any one or all of the following:
• Cash Flow Analysis – Assessment of a client’s present financial situation by collecting information
regarding net worth and cash flow statements, tax returns, insurance policies, investment portfolios,
pension plans, employee benefit statements, etc. The firm advises on ways to reduce risk, coordinate,
and organize records and estate information.
• Tax Analysis and Planning – The goal of tax planning is to arrange your financial affairs so as to minimize
your taxes. There are three basic ways to reduce your taxes, and each basic method might have several
variations. You can reduce your income, increase your deductions, and take advantage of tax credits. We
use Holistiplan, a third-party tax software, to assist us in delivering tax planning advice.
• Retirement Analysis – Identification of a client’s long-term financial and personal goals and objectives
includes advice for accumulating wealth for retirement income or appropriate distribution of assets
following retirement. Tax consequences and implications are identified and evaluated.
• Portfolio Analysis/Investment Planning – We provide investment alternatives, including asset allocation,
and effect on a client’s portfolio. We evaluate economic and tax characteristics of existing investments
as well as their suitability for a client’s objectives. We identify and evaluate tax consequences and their
implications.
• Insurance Analysis – Includes risk management associated with advisory recommendations based on a
combination of insurance types to meet a client’s needs, e.g., life, health, disability, and long-term care
insurance. This will necessitate an analysis of cash needs of family at death, income needs of surviving
dependents, and disability income analysis.
• Education Savings Analysis – Alternatives and strategies with respect to the complete or partial funding
of college or other post-secondary education.
• Estate Analysis – Advising Clients with respect to property ownership, distribution strategies, estate tax
reduction, and tax payment techniques.
Financial plans are based on a client’s financial situation based on the information provided to the firm. The
recommendations and solutions are designed to achieve the client’s desired goals, subject to periodic evaluation
of the financial plan, which may require revision to meet changing circumstances. Clients are advised to notify us
promptly of any change to a client’s financial situation, goals, objectives, or needs.
You may choose to accept or reject our recommendations. If you decide to proceed with our recommendations,
you may do so either through our investment advisory services or by using the advisory/brokerage firm of your
choice.
In some cases, our recommendations will involve the purchase of insurance products. Fiat Wealth is affiliated
with Fiat Insurance Services, LLC, a licensed insurance agency, through common ownership and control.
Additionally, Associated Persons of Fiat Wealth are licensed insurance agents. Fiat Insurance Services, LLC and our
dually licensed Associated Persons can effect transactions in insurance products and earn commission based
compensation for these activities. Clients should be aware that a conflict of interest is inherent in such an
arrangement. Clients are instructed that the fees paid to the firm for advisory services are separate and distinct
from the commissions earned by Fiat Insurance Services, LLC and our dually licensed Associated Persons. Clients
of Fiat Wealth are not required to purchase insurance products from Fiat Insurance Services, LLC or the firm’s
dually licensed Associated Persons and can purchase insurance products from any insurance agency and agent
they choose.
Note: Information related legal consequences that is provided as part of the financial plan is for informative
purposes only. Clients are instructed to contact their legal advisers for personalized advice.
Portfolio Management Services
Our firm offers discretionary, and in limited cases, non-discretionary portfolio management services to our clients.
Discretionary portfolio management means we will make investment decisions and place buy or sell orders in
your account without contacting you prior to each transaction. These decisions would be made based upon your
stated investment objectives. If you wish, you may limit our discretionary authority by, for example, setting a limit
on the type of securities that can be purchased for your portfolio. Simply provide us with your restrictions or
guidelines in writing. Non-discretionary portfolio management service means that we must obtain your approval
prior to making any transactions in your account.
Our investment advice is tailored to meet our clients’ needs and investment objectives. If you decide to hire our
firm to assist you with the management of your portfolio, an Associated Person of Fiat Wealth will meet with you
and gather information about your financial situation, investment objectives, and any reasonable restrictions you
would like to impose on the management of the account. The information we gather will help us implement an
asset allocation strategy that will be specific to your needs and goals.
Currently our asset allocation and advisory services are offered
directly by our firm or in conjunction with a sub
adviser. Where we use the services of a sub adviser, the sub adviser assists our firm with back-office support,
trading, report preparation, and billing.
We use model portfolios developed by our firm, the sub adviser and/or other registered investment advisers.
Where third party models are used, these other investment advisers are responsible for the research and security
selection within model portfolios, day-to-day trading, billing calculation, and other back-office operations. Fiat
Wealth is responsible for the supervision of the account, portfolio reallocations and rebalancing, and ongoing
client interaction and servicing.
All accounts are managed in accordance with the client’s investment needs. Investments may include various
types of securities such as equity securities, Exchange Traded Funds (ETFs), mutual funds, corporate debt
securities, commercial paper, certificates of deposit, municipal securities, and U.S. Government securities. Other
types of investments may also be recommended where such investments are appropriate based on the client’s
stated goals and objectives.
Investments and allocations are determined and based upon the client’s predefined objectives, risk tolerance,
time horizon, financial horizon, financial information, and other various suitability factors. Further restrictions and
guidelines imposed by the client may affect the composition and performance of a client’s portfolio. For these
reasons, performance of the portfolio may not be identical to other clients of Fiat Wealth. On an ongoing basis,
Fiat Wealth reviews the client’s financial circumstances and investment objectives, and instructs the sub adviser
to make the necessary adjustments to the client’s portfolio.
Clients are advised to provide the firm with prompt notice of any changes in their personal financial
circumstances, investment objectives, goals, and tolerance for risk. However, Fiat Wealth will contact the client
at least annually to determine whether there have been any changes in the client's personal financial
circumstances, investment objectives, and tolerance for risk.
Pension Consulting Services
Fiat Wealth provides several pension consulting related services. While the primary clients for these services will
be pension, profit sharing and 401(k) plans, Fiat Wealth will also offer these services, where appropriate, to
individuals and trusts, estates, and charitable organizations. Pension Consulting Services are comprised of the
following components. Clients may choose to use any or all of these services.
Investment Policy Statement Preparation (''IPS''):
An IPS lists the criteria for selection of investment vehicles as well as the procedures and timing interval for
monitoring of investment performance. Fiat Wealth will meet with the client (in person or over the telephone) to
determine an appropriate investment strategy that reflects the plan sponsor's stated investment objectives for
management of the overall plan. Fiat Wealth then reviews an existing IPS or, if needed, prepares a written IPS
detailing those needs and goals, including an encompassing policy under which these goals are to be achieved.
Selection of Investment Vehicles
Fiat Wealth will create or review the plan’s existing investment lineup, primarily consisting of mutual funds (both
index and managed) and clients will select the lineup that is most appropriate for their investment needs. The
plan’s investment lineup may also include individual equities, bonds, and other investment products. The number
of investments to be recommended will be determined by the plan, based on the plan’s stated goals.
Monitoring of Investment Performance
Client investments will be monitored and reviewed based on the procedures and timing intervals outlined in the
agreement with the client and the plan's IPS. Where Fiat Wealth has no access to client account statements, the
client is instructed to make such statements available to the firm. Although Fiat Wealth will not be involved in any
way in the purchase or sale of these investments, Fiat Wealth will make recommendations to the client as market
factors and the client's needs dictate.
Employee Communications
For pension, profit sharing and 401(k) plans where the individual account participant exercises control over assets
in their own account (hereinafter ''self-directed plans''), Fiat Wealth also provides educational support designed
for the plan participants. The nature of the topics to be covered will be determined by Fiat Wealth and the client
under the guidelines established in Employee Retirement Income Securities Act (“ERISA”). Educational support
services will NOT provide plan participants with individualized, tailored investment advice or individualized,
tailored asset allocation recommendations.
Investment Management
We offer ongoing and continuous discretionary investment management with respect to the asset classes and
investments for the plan in accordance with the plan’s investment policies and objectives. This service is described
in more detail in the “Portfolio Management Services” section above.
Other pension consulting services are available on request. All of our pension consulting services, whether general
or customized, will be outlined in an agreement that shows the services that will be provided and the fees that
will be charged for those services.
Fiat Wealth is registered as an investment advisor and represents that it is not subject to any disqualification as
set forth in ERISA. To the extent Fiat Wealth performs Fiduciary Services, Fiat Wealth acts as a fiduciary of the
plan as defined in Section 3(21) or Section 3(38) under the Employee Retirement Income Security Act (“ERISA”).
Wrap Fee Programs
A wrap fee program combines asset management, advisory services, and trade execution for a single fee. We do
not sponsor or manage, or participate in any wrap fee programs. Our portfolio management fees are exclusive of,
and in addition to brokerage commissions, transaction fees, and other related costs and expenses, which will be
incurred by the client. However, we will not receive any portion of the commissions, fees, and costs. Please see
Item 5 below for information regarding additional fees and Item 12 below for further information on brokerage
practices, fees, and transaction costs.
Assets Under Management
As of March 4, 2024, we manage $254,591,422 in client assets on a discretionary basis and $0 in assets on a non-
discretionary basis.