Business Details
14 Years
experience
Your Trusted Partner for Comprehensive Wealth Management Solutions
Somerset Group is an independent registered financial advisory firm founded in 2012 by seasoned portfolio managers seeking to prioritize client needs over institutional interests. As a true fiduciary, we operate without proprietary products, sales quotas, or conflicts of interest, focusing solely on delivering personalized wealth management solutions. Our team brings decades of combined experience in financial services, investment management, and portfolio construction, with a legacy rooted in institutions like US Bank and Somerset Asset Management. We specialize in risk-managed returns through individualized portfolios, serving individuals and families across all stages of wealth accumulation and preservation.Our commitment to transparency, ethical standards, and client-centric service defines our approach to financial planning, retirement strategies, and intergenerational wealth transfer. With offices in Minnesota and Florida, we provide tailored solutions for both personal and institutional clients, emphasizing long-term financial well-being. Our expertise spans investment analysis, debt reduction, tax strategies, and post-retirement planning, supported by a team recognized for attention to detail and operational excellence. We believe in empowering clients through education and actionable plans, ensuring their financial goals are met with precision and integrity.
Services
Investment Advice
Portfolio Management
Financial Planning
Debt Reduction
Employee Benefit Aid
Life Insurance Guidance
Retirement Planning
Post-Retirement Planning
Tax Strategies
Details
- Year established: 2012
Highlights and features
- We operate as a true fiduciary with no proprietary products or sales quotas.
- Our team has over 30 years of combined experience in financial services and portfolio management.
- We provide customized solutions tailored to individual client needs and goals.
- We maintain transparent fee structures with no hidden conflicts of interest.
- Our operational excellence ensures seamless client service across Minnesota and Florida offices.
Services
Investment Advice
Our investment advisory services focus on creating personalized portfolios aligned with client risk tolerance and financial goals. We employ risk-managed strategies to optimize returns while preserving capital. Our approach combines market analysis with individualized planning to support long-term wealth growth and intergenerational transfer.
Portfolio Management
We offer comprehensive portfolio management services tailored to individual and institutional clients. Our strategies emphasize diversification, tax efficiency, and long-term performance tracking. With decades of experience in portfolio construction, we deliver customized solutions that adapt to evolving market conditions and client needs.
Financial Planning
Our financial planning services address all aspects of wealth management, including retirement strategies, tax optimization, and estate planning. We work closely with clients to develop actionable roadmaps for achieving short- and long-term financial objectives. Our holistic approach considers unique circumstances and life stages to ensure comprehensive coverage.
Retirement Planning
We specialize in retirement planning services that prepare clients for financial security in their post-working years. Our strategies include income projections, tax-efficient withdrawal plans, and risk management solutions. We also provide post-retirement planning to ensure sustainable income streams throughout retirement.
Tax Strategies
Our tax strategy services focus on minimizing tax liabilities through legal optimization techniques and investment structuring. We integrate tax considerations into overall wealth management plans, addressing capital gains, estate taxes, and income tax implications. Our approach ensures compliance while maximizing after-tax returns.
People
Arlene Kielley
President, Portfolio Manager
Arlene has over 30 years of financial services experience, including 18 years at US Bank's private wealth group. She specializes in portfolio construction and custom investment solutions, holding a BS in Business Administration from St. Catherine University.
Julie Toelle
Treasurer, Head of Operations
Julie oversees operations for both MN and FL offices with 24 years of investment management experience. She previously worked at Somerset Asset Management and holds a BA in Business Administration from Belmont College in Nashville, TN.
Cyndy Hansen
Financial Advisor
Cyndy provides financial planning and investment analysis services, leveraging her mathematics background and prior retail business experience. She focuses on family financial planning and community leadership development, holding a BS in Mathematics from Lewis & Clark College.
Questions
Is Somerset Group a fiduciary financial advisor?
Yes, we are registered as a fiduciary financial advisor, always acting in our clients' best interests without proprietary products or sales quotas.
What areas do you serve?
We serve clients nationwide with offices in Wayzata, MN and Boca Grande, FL, providing both in-person and virtual financial advisory services.
What investment strategies do you use?
We employ risk-managed, diversified investment strategies tailored to individual goals, focusing on long-term growth and capital preservation through customized portfolio management.
How are your fees structured?
We maintain transparent fee structures with no hidden charges or conflicts of interest, ensuring complete clarity about our compensation model from the outset.
Can you help with retirement planning?
Yes, we specialize in comprehensive retirement planning including income projections, tax-efficient withdrawal strategies, and post-retirement portfolio management tailored to individual needs.
