SOMERSET WEALTH MANAGEMENT, LLC

Overview

Somerset Wealth Management, LLC is a small, fee-based advisory firm that concentrates on individualized portfolio management and financial planning for individuals and families, including small business owners. The firm acts as a capital allocator and will select third‑party managers when appropriate, indicating a mix of direct management and outsourced strategies. Its investment approach leans on exchange‑traded equities for core exposure while supplementing portfolios with mutual funds and annuity solutions where clients need income, tax deferral or insurance wrappers. Somerset also deploys private placements and real estate as alternative allocations for clients who meet suitability and liquidity requirements. The advisory mandate is structured as a percentage‑of‑AUM fee model and the firm emphasizes discretionary management—its reported assets are entirely discretionary—allowing portfolio teams to implement model or bespoke allocations on behalf of clients. Somerset is not positioned as an ESG‑focused or pension consulting adviser; its client base is primarily individuals and families. The firm’s activity profile shows a preference toward liquid, exchange‑traded investments for the bulk of invested assets, with targeted use of less liquid alternatives to increase diversification and return potential for appropriate clients.

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Location & Offices