AdFi
SG

SOMERSET GROUP LLC

SEC Registered

Feel confident about your financial future.

WAYZATA, MNhttps://somerset-group.com952-681-7254
Assets Under Management
$100M–$500M
Employees
3
Office Locations
1 office
Total Accounts
161

About the firm

Somerset Group is a comprehensive wealth management firm serving individuals and families in all stages of wealth accumulation and preservation. They provide risk-managed returns through individualized portfolios.

Firm Focus

Client segments reported on the firm's SEC Form ADV — applies to all advisors at the firm.

IndividualsHigh Net Worth

Areas of expertise

Wealth ManagementPortfolio ManagementFinancial PlanningRetirement PlanningTax StrategiesLife InsuranceDebt ReductionEmployee Benefits

Services

Investment advice, portfolio management, financial planning, debt reduction, employee benefit aid, life insurance guidance, retirement planning, post-retirement planning, and tax strategies.

Who they serve

Individuals and families in all stages of wealth accumulation and preservation.

Client segmentClientsAssets managed
Individuals (Non-HNW)34$7.5M
High Net Worth Individuals24$138M

0 total clients reported on Form ADV.

Leadership

John Moylan Murphy
MEMBER, CHIEF EXECUTIVE OFFICER, PORTFOLIO MANAGER
Arlene Jane Kielley
MEMBER, PRESIDENT AND CHIEF COMPLIANCE OFFICER, PORTFOLIO MANAGER

Office locations

1 office in 1 state
MN
WAYZATAHQ

Advisors at this firm

3 advisors in the directory

Regulatory & compliance

CRD number
#160282
SEC Number
801-73020
Disciplinary History
No
Fee Model & Minimums
Model: AUM
Asset tierAnnual rate
Less than $1 Million AUM1.50%
$1 Million - $5 Million AUM1.00%
More than $5 Million AUM0.75%

Data as of March 19, 2026 · Source: SEC IAPD & FINRA BrokerCheck

Contact Information

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Editorial disclosure

This profile was compiled and published by AdvisorFinder as editorial content using publicly available information from the SEC's IAPD database and FINRA BrokerCheck. SOMERSET GROUP LLC has not reviewed, approved, or endorsed this profile and is not responsible for its accuracy. Regulatory records change over time — always verify the current record directly on the SEC or FINRA websites before making any decision.

SOMERSET GROUP LLC in WAYZATA, MN | AdvisorFinder