Somerset Group LLC
Data sourced from SEC public records (and other sources when available). Refreshed weekly • Updated today.
About
Somerset Group LLC provides financial advisory, portfolio management, and financial planning services to individuals, families, trusts, estates, charitable organizations, and select corporations on both discretionary and non‑discretionary terms. The firm delivers investment management primarily through customized separately managed accounts and discrete investment strategies tailored to client objectives.
The firm’s investment process combines security‑specific research with technically driven analysis and tactical asset allocation, offering strategies such as a blended core total‑return approach, ETF sector‑rotation using relative strength, dividend growth equity, and structured fixed‑income portfolios. Somerset reports its assets as discretionary, employs soft‑dollar research arrangements, and uses derivatives within separately managed accounts to implement tactical or hedging positions.
Somerset is 100% employee‑owned and operates with a small advisory team overseeing roughly $145.6 million for a concentrated client base, with no stated account minimums, which supports individualized portfolio construction. Compared with many peers, the firm’s explicit incorporation of derivatives in SMAs, its relative‑strength ETF sector‑rotation strategy, and operational practices such as client‑directed brokerage options and standing letter of authorization custody arrangements are noteworthy.
Client services
Expertise
Fee options
$0 - $1,000,000: 1.50% annually $1,000,000 - $5,000,000: 1.00% annually $5,000,000+: 0.75% annually
Minimum fee: $150 minimum annual fee Fee-only: Fees based on percentage of assets under management, no commissions charged
Main office
See office15600 Wayzata Blvd, Suite 304
Wayzata MN 55391
Advisors at this office
2
Offices (2)
Most active in
Florida · Minnesota
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.
Advisors at this firm
Arlene K
Wayzata, MN
Somerset Group LLC
Arlene Kielley is a financial advisor at Somerset Group LLC with 12 years of industry experience. She has been with Somerset Group since 2011. Somerset Group serves individual clients, families, and select institutions by providing discretionary and non-discretionary portfolio management and financial planning through customized separately managed accounts and discrete investment strategies. The firm’s investment approach combines security-specific research and technical analysis across multiple strategies, supported by a small advisory team and employee ownership.
Cynthia H
Series 65
Wayzata, MN
Somerset Group LLC
Cynthia Hansen is a financial advisor at Somerset Group LLC in Wayzata, MN, holding a Series 65 designation with five years of industry experience. She works alongside a small advisory team at the firm, which is employee-owned. Somerset Group serves individual clients, families, and select institutions by providing discretionary and non-discretionary portfolio management and financial planning through customized separately managed accounts. The firm’s investment approach combines security-specific research and technical analysis, employing strategies such as blended total-return core portfolios, ETF tactical asset allocation, dividend-growth equity, and structured fixed-income management.
Julie T
Boca Grande, FL
Somerset Group LLC
Julie Toelle is a financial advisor at Somerset Group LLC with 12 years of industry experience. She has been with Somerset Group since 2011. The firm serves individual clients, families, and select institutions, providing discretionary and non-discretionary portfolio management and financial planning through customized separately managed accounts and discrete investment strategies. Its investment approach combines security-specific research and technical analysis across various strategies, including total-return core portfolios, tactical asset allocation, dividend-growth equity, and structured fixed income.
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