The Fiat Name
In economic textbooks, the term 'fiat currency' is loosely defined as 'faith-based currency.
The U.S. dollar is today a fiat currency, meaning that it has no physical backing such as gold or silver. Critics argue that this is a weakness. Fiat, however, sees this as an example of the importance of trust, and even faith, for economic relationships to exist. When a parent gives a child a dollar for school, it is a vote of confidence and faith.
When an individual invests a dollar, they do so because they have faith that the underlying business will succeed. Without some amount of faith in each other, economic relationships both on a large and small scale cannot exist.
Trust is the bedrock of the work at Fiat Wealth Management.
Daniel Colvin
SVP of Wealth Management
Born and raised in New Jersey, Daniel grew up to be a gifted hockey player. After attending West Point Military Academy, he was commissioned into the Army as a Second Lieutenant, then reaching the rank of Captain after 5 years of service.
Scott Airey
Senior Advisor
While Scott was born and raised in Montreal, he found his way to the U.S. by way of collegiate baseball at the University of Northern lowa. Scott's mission as an advisor is to help people achieve their goals and leave a legacy they can be proud of for their loved ones.
Darren Lepak
Senior Advisor
Darren has been in the financial services industry for over a decade and has been fortunate to have spent time in several areas and brings a unique perspective to his clients. He continuously brings that positive enthusiasm to the families that work with Fiat.
Mark Kline
Senior Advisor
Mark has spent the past 12 years building relationships and helping his customers in the manufacturing and construction industry keep their employees safe. He has always had a passion for finance and is thrilled to be able to turn that passion into his career.
Gayle Ross
CDFA, Senior Advisor
Raised in a small town in northeast Indiana, Gayle's childhood was a tapestry of outdoor adventures and close-knit family bonds. From exploring the family's woods to tending to chores on the family farm, she developed a deep appreciation for the beauty of nature and the rewards of hands-on labor. These formative years instilled in her a love for the outdoors and a strong sense of connection to her surroundings---a connection that continues to shape her approach to life and business today. It is this deep-seated connection to her roots and her unwavering work ethic that continues to drive Gayle's passion for helping others achieve their financial goals.
General Information |
| Firm Start Year: | 2009 | |
| No. of Employees: | 10-19 | |
| Name of Custodial Firm: | Charles Schwab |
| Number of Years with Current Firm: | 16 |
| Work with the following types of clients: | Those Nearing or in Retirement, Individual Investors |
| Advisory Services Provided: | Insurance Products & Annuities, Estate Planning & Trusts, Investment Advice & Management, Financial Planning, Portfolio Management, Retirement Planning, 401K Rollovers, Wealth Management, Money Management, Risk Management, Education Funding and Planning, Financial Planning for Individuals, Financial Advice & Consulting, Tax Advice and Services, Financial Planning for Businesses |
Services |
| Investment Types: | Annuities, Stocks, Bonds, Insurance, Alternative Investments, Exchange Traded Funds (ETFs) |
| Can meet clients in the following ways: | Phone, Our Office, Our Offices, Video Conference, Email |
Qualifications & Memberships |
| Insurance and Annuity Licenses: | Long Term Care, Health, Annuity |
Firm Information |
| Assets Managed by Firm: | $320,000,000 |
| Assets Managed by Advisor: | $320000000 |
Compensation and Fees |
| Fee Structure: | Fee-Based |
| Minimum Portfolio Size for New Managed Accounts: | $500,000 |
| Compensation Methods: | Flat Fee, Based on Assets |
| Minimum Fee Charged for Managed Accounts: | $3,500 |
| Minimum Fee Charged for Hourly Planning Accounts: | $3,500 |
Disclosures |
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WiserAdvisor provides referrals to financial professionals. WiserAdvisor is not a current client of advisor or advisory services. Financial professionals pay cash compensation for these referrals, which creates the incentive for WiserAdvisor to make these referrals, resulting in a conflict of interest. |
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Additional Detailed Disclosures |
Disclaimer |
| Fiat Wealth Management, LLC is registered as an investment advisor with the SEC and only conducts business in states where it is properly registered or is excluded from registration requirements. Registration is not an endorsement of the firm by securities regulators and does not mean the advisor has achieved a specific level of skill or ability. The firm is not engaged in the practice of law or accounting. |
Registered Investment Advisor:
Yes
Registered Representative:
Yes
Acknowledged fiduciary:
Yes
Compliance Disclosures in Last 5 years:
I have a clean record
Criminal Disclosures in Last 5 years:
I have a clean record
| Mon. | 8:00 AM - 5:00 PM |
| Tue. | 8:00 AM - 5:00 PM |
| Wed. | 8:00 AM - 5:00 PM |
| Thu. | 8:00 AM - 5:00 PM |
| Fri. | 8:00 AM - 5:00 PM |
| 35 States; Including Minnesota, Iowa, Indiana, South Dakota, North Dakota, Wisconsin, Illinois, Montana, Washington, California, Nevada, Utah, Arizona, New Mexico, Colorado, Nebraska, Wyoming, Oklahoma, etc.... |
| Check | Bank Transfer |
| Visa | MasterCard |
| American Express | Discover |
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