Somerset Group Llc
- Regulatory AUM
- $146M
- Discretionary
- $146M
- Clients
- 58
- Avg AUM / client
- $2.5M
- Accounts
- 161
- Employees
- 3
AUM over time
Annual snapshots from Form ADV filings · as of Mar 19, 2026
Who they serve
| Client type | Clients | AUM | % of AUM |
|---|---|---|---|
| Individuals (non-high net worth) | 34 | $7.5M | 5.16% |
| High net worth individuals | 24 | $138M | 94.8% |
People (3)
roster as of Jul 20, 2026| Name | Role / title | Credentials | With firm since | Ownership |
|---|---|---|---|---|
| Arlene Jane Kielley | Member, President And Chief Compliance Officer, Portfolio Manager | Dec 2011 (15y) | 25% – 50% | |
| Julie Renee Toelle | Member, Treasurer, Operations Manager | Dec 2011 (15y) | 10% – 25% | |
| Cynthia Anne Hansen | Registered representative | Aug 2020 (6y) |
Undisclosed: 25% – 65% of the firm is not attributable from the filed Schedule A bands.
Roster from the IAPD representatives feed; ownership and acquisition dates from Form ADV Schedule A/B. "Since" is the earliest filed registration or acquisition date.
Documents (1 archived)
| Form | Period | Size | |
|---|---|---|---|
| Form ADV (full filing) | 03/19/2026 | 901 KB | View · PDF · Source ↗ |
Archived copies of the firm's regulatory filings, versioned by content hash.
Disciplinary disclosures
No disciplinary events reported on the firm's latest Form ADV filing.
How they charge
- • Percentage of assets under management
Services
- • Financial planning services
- • Portfolio management for individuals/small businesses
Custody
Reported custodians
- U.S. Bank $92.3M (63% of AUM) Mar 2026
- Charles Schwab & Co. $52.6M (36% of AUM) Mar 2026
- Wilmington Trust Company $17.7M (12% of AUM) Mar 2024
Amounts as reported in ADV Item 5.K.(3) (custodians holding 10%+ of SMA assets).
Firm reports having custody of client funds or securities (Item 9.A).
Source
All data on this page comes from this firm's Form ADV filings, reproduced without modification. Latest filing: Mar 19, 2026.
View current Form ADV (SEC/IAPD) ↗