Arlene Kielley has been Member, President and Chief Compliance Officer, Portfolio Manager of Somerset Group since December 2011, is a control person of the firm and directly owns 75% or more of it. Arlene Kielley holds a BS in Business Administration from St. Catherine University.
Somerset Group LLC is a Wayzata, MN firm with $146M under management, 58 clients and 2 advisers across 2 offices, as of its March 2026 filing.
Arlene Kielley is President, Portfolio Manager of Somerset Group. Before founding Somerset Group, she was Senior Vice President, Portfolio Manager of Somerset Asset Management. Eighteen years of her career were spent at US Bank in its portfolio management and private wealth group.
- Somerset Group LLCCurrent– present · 12 yearsWayzata, MN · Adviser representative · Firm CRD 160282
Investment adviser representative registrations
Arlene Kielley is registered as an investment adviser representative in Minnesota, since January 2014.
- MinnesotaSince 23 January 2014
Examinations
No examinations are on Arlene Kielley’s record.
- Full name
- Arlene Jane Kielley
- CRD
- 6012094
- Firm
- Somerset Group · CRD 160282
- Role
- Member, President and Chief Compliance Officer, Portfolio Manager
- Office
- 15600 WAYZATA BLVD, SUITE 304, Wayzata, MN 55391
- Registration
- Investment adviser registration
- In the industry since
- January 2014
- Disciplinary history
- Not yet shown here · SEC record
- Firm bio
- somerset-group.com
Where does Arlene Kielley work?
Arlene Kielley has been Member, President and Chief Compliance Officer, Portfolio Manager of Somerset Group LLC since December 2011, and is a control person of the firm.
Is Arlene Kielley a financial advisor?
Yes. Arlene Kielley has a current investment-adviser registration in Minnesota, through Somerset Group since January 2014.
How many years of experience does Arlene Kielley have?
Arlene Kielley has 12 years in the financial industry, since January 2014, across 1 adviser firm.
Where is Arlene Kielley based?
Arlene Kielley’s registered office is in Wayzata, MN.
Is Arlene Kielley registered with FINRA?
No. Arlene Kielley has no current broker registration.
How can I verify Arlene Kielley’s record?
Search CRD 6012094 on the SEC’s adviser search (adviserinfo.sec.gov), which publishes Arlene Kielley’s full registration record.