Somerset Advisory, LLC
Data sourced from SEC public records (and other sources when available). Refreshed weekly • Updated today.
About
Somerset Advisory, LLC recently filed to register as an investment adviser and currently reports no assets under management; it provides fee-only fiduciary services to high-net-worth individuals, closely held businesses, trusts, estates, and charitable organizations. The firm offers financial planning, consulting, and investment management described in its brochure, positioning planning and portfolio services as integrated offerings.
Somerset emphasizes complex financial planning using a structured "CLARITIES" process and typically charges fixed consulting fees (noted as generally $15,000 or more, billed quarterly in advance) for planning engagements until clients reach an AUM threshold. For portfolio management the firm generally manages accounts on a discretionary basis, primarily allocating among ETFs, mutual funds, equities, treasuries and alternatives, and it may engage Independent Managers and a non‑discretionary sub‑advisor (Peak Altitude Partners) for private credit, private equity and other alternative holdings; the firm uses cloud-based and AI tools only for administrative tasks and relies on staff judgment for investment decisions.
Noteworthy for a newly registered, no‑asset firm, Somerset combines fixed-fee planning arrangements with a tiered asset-based management fee schedule (account minimum: $1,500,000) and states an expectation to manage over $100 million in the near term. The firm’s principals also operate an online educational platform, The Wealth Edit, which may reference Somerset and serve as a source of referrals, and Somerset provides retirement-plan consulting that includes disclosed revenue-sharing arrangements with recordkeepers — features the brochure identifies as potential conflicts of interest and that distinguish the firm from many peers.
Client services
Expertise
Occupation focus
Demographic focus
Fee options
Consulting fees generally total $15,000 or more for financial planning engagements.
$1,500,001 - $4,000,000: 1% $4,000,001 - $7,000,000: 0.7% $7,000,001 - $14,000,000: 0.5% $14,000,001 - $19,000,000: 0.3% $19,000,001+: 0.25%
Account minimum: $1,500,000 Minimum fee: Consulting fees generally total $15,000 or more for financial planning engagements billed quarterly in advance if below asset minimum. Fee-only: Somerset is a fee-only fiduciary wealth management firm; does not accept commissions or transaction-based compensation.
Main office
2231 20th Avenue South, Suite 200
Birmingham AL 35223
Advisors at this office
5
Most active in
Alabama · South Carolina · Virginia
Disclosures
Exclamation point means they have disclosures of this type. Check mark means no disclosures of this type were found.
Business activities & affiliations
Is not active or affiliated with:
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Insurance agent
They sell insurance products and may earn commissions on those sales.
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Broker-dealer / trader
They provide brokerage services and may earn transaction-based compensation in addition to advisory fees.
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Bank
They're affiliated with a bank that may offer its own financial products and services.
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Trust company
They provide trust and estate administration services, typically for separate fees.
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Fund sponsor
They manage or sponsor investment funds and may earn management or performance-based fees if clients invest in them.
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Accountant / CPA / tax prep
They offer tax and accounting services, typically for separate fees.
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Lawyer
They provide legal services, typically billed separately.
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Real estate agent
They facilitate real estate transactions and may earn commissions.
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Other specialized services
They may provide services such as pension consulting or municipal advisory work, typically for separate fees.
Quick links
Advisors at this firm
Christopher T
Series 66
Birmingham, AL
Somerset Advisory, LLC
Christopher Tieland is a financial advisor at Somerset Advisory, LLC with 23 years of industry experience. He holds a Series 66 license and has worked previously at firms including Rockefeller Financial LLC, Morgan Stanley Smith Barney, J.P. Morgan Securities, and Merrill. Somerset Advisory, LLC is a newly registered investment adviser that provides fee-only fiduciary services to high-net-worth individuals, closely held businesses, trusts, estates, and charitable organizations. The firm offers integrated financial planning and portfolio management, emphasizing complex planning through a structured process and using a combination of fixed consulting fees and tiered asset-based management fees.
Ellen B
CFP®, Series 66
Birmingham, AL
Somerset Advisory, LLC
Ellen Bradford is a CFP® with eight years of industry experience, currently serving as an advisor at Somerset Advisory, LLC. Her career includes roles at Indivisible Partners, Hightower Securities, Wells Fargo Clearing Services, and UBS Financial Services. Somerset Advisory, LLC provides fee-only fiduciary services to high-net-worth individuals, closely held businesses, trusts, estates, and charitable organizations. The firm focuses on complex financial planning through a structured process and offers discretionary portfolio management with a diversified approach including ETFs, mutual funds, equities, treasuries, and alternatives.
Emily L
Series 65
Birmingham, AL
Somerset Advisory, LLC
Emily Lassiter is a financial advisor at Somerset Advisory, LLC with six years of industry experience. She holds a Series 65 designation and has worked previously at Indivisible Partners, Hightower Advisors, Capital Strategies Group, Ronald Blue Trust, and the Fixed Point Foundation. Somerset Advisory, LLC provides fee-only fiduciary services to high-net-worth individuals, closely held businesses, trusts, estates, and charitable organizations. The firm emphasizes complex financial planning through a structured process and combines fixed-fee planning with tiered asset-based management, typically managing diversified portfolios including ETFs, mutual funds, equities, treasuries, and alternatives.
Letitia S
Series 63, Series 65
Birmingham, AL
Somerset Advisory, LLC
Letitia Scalise is a financial advisor at Somerset Advisory, LLC with five years of industry experience. She holds Series 63 and Series 65 licenses. Prior to joining Somerset Advisory, she worked at Indivisible Partners LLC, Quasar Distributors, LLC, and Torray Investment Partners LLC, where she was a partner and director of client relations and marketing. Somerset Advisory, LLC provides fee-only fiduciary services to high-net-worth individuals, closely held businesses, trusts, estates, and charitable organizations. The firm offers integrated financial planning and investment management, combining fixed-fee planning with discretionary portfolio management across various asset classes and working with independent managers for alternative investments.
Lauren P
CFP®, Series 66
Birmingham, AL
Somerset Advisory, LLC
Lauren Pearson is a CFP® with 18 years of industry experience, currently serving at Somerset Advisory, LLC since 2026. Her prior roles include positions at Indivisible Partners, LLC, HighTower Advisors, LLC, HighTower Securities, LLC, and Merrill. She is involved with the YWCA Central Alabama as a junior board committee member and participates in the executive committee for Cornerstone Schools of Alabama. Somerset Advisory, LLC provides fee-only fiduciary services to high-net-worth individuals, closely held businesses, trusts, estates, and charitable organizations. The firm offers integrated financial planning and portfolio management, using a structured CLARITIES process and discretionary asset allocation that includes ETFs, mutual funds, equities, treasuries, and alternatives.
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