SOMERSET GROUP LLC

RIASEC RegisteredEst. 2012
Total AUM
$146M
Discretionary
$146M
100% of AUM
Avg account
$905K
Accounts
161
Employees
3
Advisory reps
3

Firm details

Headquarters
WAYZATA, Minnesota
CRD number
160282
Registered since
January 17, 2012
Custodians
U.S. BANK, N.A., CHARLES SCHWAB & CO., INC.
Fee structure
Percentage of AUM
Client types
  • HNWI94.84%
  • Individuals5.16%
Services
Financial PlanningPortfolio Management for Individuals

Firm profile

FINTRX

Overview

Somerset Group LLC is an independent registered investment adviser organized as a limited liability company and registered with the SEC since 2012. The firm serves individual and family clients, offering financial planning and portfolio management for individuals and small businesses. It charges fees as a percentage of assets under management and operates under individual ownership rather than as a capital allocator or part of a related-adviser structure. Somerset is not identified as an active ESG investor, a pension consultant, or a multi-state adviser in the source snapshot.

Assets & Accounts

Public Holdings

Investments & Alternatives

Location & Offices

Investment profile

FINTRX

Traditional investments used

Alternative investments used

Active ESG investor

Technology & operations

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CRM & tech providers

TAMPs used

Clients

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Client base

Client personas

Asset composition

Asset composition: Exchange Traded Equities 65%, Public Funds/Mutual Funds 33%, US Government Bonds 1%, Cash & Cash Equivalents 1%65%
  • Exchange Traded Equities65%
  • Public Funds/Mutual Funds33%
  • US Government Bonds1%
  • Cash & Cash Equivalents1%

Contacts

3 of 3
  • JULIE TOELLE

    TreasurerCRD 6012096

  • Cynthia Hansen

    Financial AdvisorCRD 7264402

  • ARLENE KIELLEY

    President & Portfolio ManagerCRD 6012094

Wealth teams

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Newly hired reps

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Recent M&A activity

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Recent filings

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Awards

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ETF holdings

1 of 23

Active vs passive

$48.7M in ETFs

Passive

93%

$45.2M

Active

6%

$3.5M

ETFProviderStyleCategoryValueShares% of portfolio
INVESCO QQQ TRUST SERIES 1 (QQQ)InvescoPassiveLarge Growth$10.6M16,26521.66%

Location

Primary office

WAYZATA, MN

HENNEPIN

Location

WAYZATA, MN

Headquartered in WAYZATA, MN, anchoring the Minneapolis-St. Paul, MN-WI metro in the Midwest.

Metro area
Minneapolis-St. Paul, MN-WI
Region
Midwest
County
HENNEPIN
Address
15600 Wayzata Blvd
Time zone
CT (UTC-6)
Office locations

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Source: FINTRX private wealth data intelligence

Intelligence for Private Wealth