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Fiat Wealth Management
Fiat Wealth Management was founded in 2009 by Todd Fiat in Wayzata, Minnesota, a western suburb of Minneapolis known for its concentration of private wealth...
Fiat Wealth Management
Fiat Wealth Management was founded in 2009 by Todd Fiat in Wayzata, Minnesota, a western suburb of Minneapolis known for its concentration of private wealth and family offices. The firm operates as an extension of the Fiat family's financial interests, combining the regulatory framework of a registered investment advisor with the flexibility of a single-family office. The office provides portfolio management, financial planning, and direct investment execution for both family capital and a limited circle of outside individuals, trusts, and pension plans. The firm's investment strategy concentrates on private credit and real estate, supplemented by traditional portfolio management across public equities and fixed income. Fiat participates in direct private credit origination across the Midwest, targeting middle-market lending opportunities that larger institutional lenders overlook. Its real estate exposure includes both direct property investments and participation in regional development projects. The geographic focus remains rooted in the Upper Midwest, with selective deployment into Sun Belt markets for real estate assets. The Wayzata office houses a compact team serving the Fiat family's multifaceted financial needs alongside those of external advisory clients. The hybrid RIA/family-office model allows the firm to maintain institutional-grade compliance and reporting infrastructure while preserving the privacy and decisiveness that single-family offices require. May 2024: The firm updated its regulatory filings confirming continued operation of its advisory business alongside the family's private investment activities (per SEC records, 2024). Fiat's structural differentiator is its dual identity: it is at once a federally regulated investment advisor and a private family investment office. That regulatory perimeter grants it the ability to manage outside capital and solicit advisory clients, a pathway most single-family offices foreclose to avoid the compliance burden. This architecture positions Fiat to attract investment talent with an institutional compensation structure while keeping the family's own capital at the center of decision-making.
General information
Firm type
Single Family Office
Year founded
2009
AUM
Undisclosed
Location
Region
North America
Country
United States
City
Wayzata
Corporate office
Wayzata, MN, United States
Principals
Todd Fiat
Principal
Sector focus
Frequently asked questions
Who runs investment decisions at Fiat Wealth Management?
Todd Fiat serves as the principal and primary decision-maker for the family office's investment activities. The firm operates with a lean structure, and ultimate authority over capital allocation rests with Fiat, consistent with single-family office governance models. For the registered investment advisor side, investment policy and portfolio construction are managed internally.
Is Fiat Wealth Management a single family office or a multi-family office?
It is a single-family office that also maintains registration as an investment advisor, enabling it to serve a limited number of external clients. This hybrid structure is relatively uncommon; most single-family offices either avoid taking outside capital or operate as exempt reporting advisers. The external advisory business includes individuals, trusts, pension plans, and corporations.
What does Fiat Wealth Management invest in?
The firm concentrates on private credit and real estate, with a geographic emphasis on the Upper Midwest. It originates direct loans to middle-market companies and participates in regional property investments and development projects. Public equities and fixed income round out the portfolio for both family capital and advisory clients.
Does Fiat Wealth Management manage outside capital?
Yes. Because the firm is structured as a registered investment advisor, it can manage assets for individuals, trusts, pension plans, and corporations beyond the Fiat family. This regulatory posture distinguishes it from single-family offices that rely on the family office exemption under the Investment Advisers Act and do not serve external clients.
Where is Fiat Wealth Management based and where does it invest?
The firm is headquartered in Wayzata, Minnesota, a Lake Minnetonka community with a high concentration of family offices. Its investment activity is concentrated in the Upper Midwest, with private credit origination focused regionally and real estate investments extending into select Sun Belt markets when opportunities arise.
Profile maintained by Altss using OSINT (open-source intelligence), regulatory filings, licensed data partners, and verified direct submissions. Read the methodology. Last updated: . Continuous refresh with full update cycles at least every 30 days.
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