Wealth Management Organization


We want you to feel good about your future.




John M. Murphy, Jr.

Chairman, Portfolio Manager

Florida: 941-964-2434
Minnesota: 952-681-7641

Prior to founding Somerset Group, John was Chairman, of Somerset Asset Management, Chief Investment Officer of US Bancorp Institutional Financial Services as well as US Bank Trust, N.A. and US Bancorp Asset Management. 


During John's career in wealth management and portfolio management, he has been a member of Minnesota Medical Foundation, Advisory Board Member for the National Kidney Foundation, Advisory Member of the U of M Investment Endowment and an Advisory Member of Blue Cross Blue Shield of Minnesota.

In Florida, John currently serves on the board of the Boca Grande Health Clinic and was Vice Chairman of the Boca Grande Health Clinic Foundation.

John received his BS in Economics from Regis University in Denver.  


Arlene Kielley

President, Portfolio Manager

Minnesota: 952-681-7663

Prior to founding Somerset Group, Arlene was Senior Vice President, Portfolio Manager of Somerset Asset Management.

She has more than 30 years of experience in financial services, investment management and portfolio construction. 18 of those years, were spent at US Bank in the portfolio management and private wealth group.


Arlene is committed to developing custom solutions for individuals and select institutions.

Her perspective, attention to detail, and passion make her a critical member of our investment team and positive influence in our client’s long-term financial well-being.    


Arlene received her BS degree in Business Administration from St. Catherine’s University.


Julie Toelle

Treasurer, Head of Operations

Florida: 941-964-2434

Julie Toelle is head of operations for both the Minnesota and Florida offices.  

She came to Somerset Group in 2012 after spending 9 years at Somerset Asset Management. Julie has over 24 years of experience in investment management operations and is well known for her strong attention to detail and commitment to Somerset clients.      


Julie received her BA in Business Administration from Belmont College in Nashville, Tennessee.


Cyndy Hansen

Financial Advisor

Minnesota: 952-681-7254

Cyndy joined Somerset Group in 2017.  

Prior to working in the investment field, Cyndy ran a successful family retail business in Minnetonka. Here, she reinforced her passion for working hard and planning ahead to realize and exceed future goals. Cyndy has special interests in investment analysis, trading and financial planning for families.

When not in the office, Cyndy and her husband stay busy with their 3 children involved in synchronized skating, basketball and gymnastics. They have spent over 8 years working to develop the next generation of leaders as Boy and Girl Scout volunteers. Everyone can make a difference, get up and get involved!

Cyndy received her BS in Mathematics from Lewis & Clark College in Portland, OR.


The Somerset Group is a comprehensive wealth management organization serving high-net worth individuals and families.  We provide risk-managed returns for our clients - protecting and growing their wealth for generations to come.  

Client Relationship Summary




15600 Wayzata Blvd

Suite 304

Wayzata, MN 55391

Phone: 952-681-7254


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375 Park Ave, Suite 1

PO Box 551

Boca Grande, FL 33921

Phone: 941-964-2434


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© 2017 Somerset Group