SOMERSET GROUP - Key Persons

Job Titles:

• Portfolio Manager
• President

Prior to founding Somerset Group, Arlene was Senior Vice President, Portfolio Manager of Somerset Asset Management. She has over 30 years of experience in financial services, investment management and portfolio construction. Eighteen 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 in Business Administration from St. Catherine University in St. Paul, Minnesota.

Job Titles:

• Chairman
• Portfolio Manager

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.

Job Titles:

• Head of Operations
• Treasurer
• Head of Operations for Both the Minnesota

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.