Somers Asset Management Incorporated (Radnor)


Somers Asset Management Incorporated is a large advisory firm based in Radnor. It manages $27.8 million of regulatory assets for 5 client accounts. It has been registered with the SEC as an adviser since 2002 and has operated in the jurisdiction of Pennsylvania.

Somers Asset Management Incorporated provides portfolio management for individuals and small businesses and portfolio management for pooled investment vehicles. It doesn't provide financial planning services to its clients. On top of advisory services, the firm doesn't engage in other business activities.

Somers Asset Management Incorporated: assets under management

The assets under management (AUM) of Somers Asset Management Incorporated is $27.8 million. The firm's AUM has grown by 209% since the beginning of its operation, and the company doesn't manage any assets belonging to foreign clients.

The firm manages $2.8 million in discretionary accounts and $25 million in non-discretionary accounts. On average, the discretionary accounts where all decisions are made on behalf of the client hold $700 thousand each. Non-discretionary accounts, where clients actively manage their portfolios, generally hold around $25 million.

Fees & Commissions

The advisory firm has several streams of revenue. Clients pay Somers Asset Management Incorporated for their services and products based on a percentage of assets under management, hourly charges, and fixed fees. Flat-fee based compensation is the most transparent and the one you can safely predict in advance. These fees don’t include brokerage commissions, interest, taxes, and other account expenses.

Based in Radnor

The principal office where Somers Asset Management Incorporated performs its advisory services is located at 210 Gulph Creek Road, Radnor, PA 19087, which is also the mailing address of the firm. It doesn’t run an office outside of the United States.

You can reach the main office by calling the phone number 610-687-9178 or by fax 610-687-1744. The normal business hours are 9 am to 5pm on Monday - Friday.