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Herbert Financial Group joins LPL Financial

Herbert Financial Group joined LPL Financial LLC's broker/dealer and corporate registered investment adviser platforms.

The Auburn Hills, Mich.-based advisory firm was founded by wealth manager Timothy Herbert and also includes partner advisers Scott Torosian and Kara Herbert. The company's advisers manage about $500 million in brokerage and advisory assets, based on prior business and representing assets that would have been custodied at LPL Financial rather than third-party custodians.

Herbert Financial Group was previously with Centaurus Financial Inc. The company's primary clients are automotive executives and retirees.