Eric
Somsel

Founders Financial Securities LLC

CRD#6636832
Investment Advisor
in Troy, MI

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About this Advisor

Eric Somsel is a certified financial planner operating out of Troy, Michigan with a total of 2 years of industry experience. Somsel is an advisor for Founders Financial Securities LLC. During their career, Somsel has held roles at Securian Financial Services Inc, Minnesota Life, Securian Financial Advisors Of The Great Lakes, Michigan Senate, Jim Stamas For State Senate, Karl Ieuter For State Representative, Independent Contractor, Founders Financial Securities LLC and Edm Financial Advisors. Somsel has a Series 66 license, designating them as both a securities agent and an investment advisor representative, and is able to serve investors in Michigan. Founders Financial Securities LLC is a business operating out of Towson, MD. The company has offices in 63 locations and a total of 138 people on staff. It oversees $2 billion in assets under management between its 16,137 customer accounts, making it one of the largest investment advisory firms in the nation by assets under management. The firm serves 25 charities and foundations. Of its 16,137 accounts, just 9% are held by high-net-worth individuals who have at least $1 million in assets available to invest. Founders Financial Securities LLC has a broad set of services, including financial planning services, portfolio management for individuals and small businesses, portfolio management for institutional clients, pension consulting services and selection of other advisers. A financial advisor's fee schedules depend on which service is offered. However, fees billed by Founders Financial Securities LLC can include any combination of asset-based, hourly and fixed fees.

Certifications and Registrations

Series 66, CERTIFIED FINANCIAL PLANNER™

Years Registered*

2 years

Services Offered

Financial planning services, Portfolio management for individuals and/or small businesses, Portfolio management for businesses or institutional clients, Pension consulting services, Selection of other advisers

Fee Structure

Percentage of Assets, Hourly Charges, Subscription Fees, Fixed Fees

Office Location

560 Kirts Boulevard Suite 112
Troy, MI 48084

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Founders Financial Securities LLC Brokerage Details

Total Assets Under Management

$2,272,682,543

MI Average: $6,889,882,315
Total Number of Employees

138

MI Average: 45
Total Number of Accounts

16,137

MI Average: 765
Average Account Size

$140,837

MI Average: $9,006,382

Investment Advisory Services

  • Financial planning services
  • Portfolio management for individuals and/or small businesses
  • Portfolio management for businesses or institutional clients
  • Pension consulting services
  • Selection of other advisers

Eric Somsel Work History

Eric has been registered as a financial advisor for 2 years.*

2021 - Present (3 years)

Founders Financial Securities LLC

2021 - Present (3 years)

Edm Financial Advisors

2008 - Present (16 years)

Independent Contractor

2016 - 2021 (5 years)

Securian Financial Services Inc

2016 - 2021 (5 years)

Minnesota Life

2016 - 2021 (5 years)

Securian Financial Advisors Of The Great Lakes

2015 - 2016 (1 year)

Michigan Senate

2014 - 2014 (< 1 year)

Jim Stamas For State Senate

2014 - 2014 (< 1 year)

Karl Ieuter For State Representative

2012 - 2014 (2 years)

Michigan Senate

*The number of years registered in this profile is calculated by taking the year of an advisor's first active registration and subtracting it from the current year.

Disclosures

Please visit the SEC profile of Eric Somsel to learn whether or not they have any disclosures. It is important to do your due diligence when looking for an advisor.

Financial Advisors at Founders Financial Securities, LLC

Brian Zabora
Towson, MD
Matthew Kradel
Martinsburg, WV
Kimberly Stewart
Delaware, OK
Emily Mascio
Finksburg, MD
Bruce Cain
Anderson, IN
Lisa Spitler
Brighton, MI
Andrew Douglas
Newark, DE
Devin Walsh
Timonium, MD

The content in this profile was updated by SmartAsset on 4/16/2023. All advisor details come from publicly available data, and we cannot guarantee the accuracy of the content. We are unable to make individual profile updates. If you want your profile removed temporarily or permanently, please contact profile-compliance@smartasset.com.

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Certified Financial Planner Board of Standards, Inc. (CFP Board) owns the certification marks CFP® and CERTIFIED FINANCIAL PLANNER™ in the United States, which it authorizes the use of by individuals who successfully complete CFP Board’s initial and ongoing certification requirements.

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