Herbert Financial Group, a family-oriented advisory team in Auburn Hill, Mich., has joined LPL Financial’s broker-dealer and corporate registered investment advisor (RIA) platforms, according to a company release.
Formerly of Centaurus Financial, the firm reported its advisors served approximately $500 million in brokerage and advisory assets.
Founded by wealth manager Timothy Herbert, the team is joined by partner advisors daughter Kara Herbert and Scott Torosian, a cousin-in-law of Kara. They focus on providing full-service, personalized comprehensive holistic financial planning to help clients develop a blueprint for their financial future, the release said.
The release noted that Herbert entered the finance industry in 1985 while still working as a human resources manager for General Motors. He quickly grew his network and client base, and today Herbert Financial Group’s primary clients are automotive executives and retirees.
Herbert said with the move to LPL, the firm has added new staff members and expanded its office space. The move also positions the practice for future growth. “We want to go from a business to an ensemble, and we look forward to partnering with LPL consultants who can evaluate our business and provide valuable insight,” he aid.
They plan to grow organically through referrals, but they also have their eyes set on acquisitions. “I’m eager to make connections and look to large firms within LPL and LPL’s M&A team for guidance on best practices for growth. With Kara and Scott in their 20s and 30s, we have a continuity plan, which is comforting to our clients, but this would firmly cement us as an ensemble firm.”
Rich Steinmeier, LPL Financial managing director and divisional president of business development, noted that Herbert Financial Group has grown from the ground up, and LPL is honored that the team chose LPL as its partner. “We welcome Tim, Scott, Kara and the entire Herbert Financial team to the LPL family.”