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Michael Bindas

LPL Financial LLC
41 Years of Experience
Grand Forks, ND
1 DisclosureBrokerSells Insurance
View SEC Summary
View SEC Summary

Michael Bindas is a registered investment advisor at LPL Financial LLC, based in Grand Forks, ND, with 41 years of industry experience. Michael is also registered as a broker, so some compensation may come from commissions on products sold. Their practice areas include Investment Management, Retirement Planning. Their firm serves 1,986,990 clients with $820B in assets under management.

LPL Financial LLC
Compensation
Fee-Only (% of Portfolio)Fixed/Hourly
Firm Size
28129 advisors
Number of Clients
1,986,990 clients
Average Client Portfolio
$412K average
Assets Under Management
$819.1B

Fee Structure

Minimum Investment:$1K
Investment management only (planning not offered)
Portfolio-Based Fees (Flat)
Portfolio ValueAnnual Fee
Any2.50%

The maximum account fee is 2.50% and is negotiable between the client and the advisor. Fees are based on total assets in the account and payable quarterly in advance.

Fee Estimator
Your Portfolio Value
$500K
$0$500K$1M$5M$20M
Estimated Annual Fee
—
View Full SEC Brochure

Location

1697 South 42nd St, Grand Forks, ND, 58201

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History

Regulatory History (1)
What are disclosures? Advisors must report customer complaints, regulatory actions, and certain legal or financial events to the SEC. Not all disclosures are serious—many are settled disputes or minor violations. Learn how to evaluate them.
Customer Dispute
November 2009
Settled
View Full SEC ReportHow to Read Disclosures
Other Business ActivitiesSells Insurance

Michael is involved in several business entities, including DBAs for LPL business, real estate partnerships, and entities for tax/investment purposes. He also serves as a council member for the City of Oxbow, dedicating a few hours per week to this role.

Employment History
Current Registrations
LPL Financial LLC
November 2017 - Present · 8 yrs 11 mos
LPL Financial LLCBroker
November 2017 - Present · 8 yrs 11 mos
Previous Registrations
Ica Group Wealth Management, LLC
December 2021 - September 2024 · 2 yrs 9 mos
Investment Centers of America, INC.
December 2015 - December 2017 · 2 yrs
Investment Centers of America, INC.Broker
November 2015 - November 2017 · 2 yrs
Securities America Advisors, INC.
February 2012 - December 2015 · 3 yrs 10 mos
Securities America, INC.Broker
February 2012 - December 2015 · 3 yrs 10 mos
Investment Centers of America, INC.
December 2002 - February 2012 · 9 yrs 2 mos
Investment Centers of America, INC.
November 2002 - November 2002 · 0 mos
Investment Centers of America, INC.Broker
October 2002 - February 2012 · 9 yrs 4 mos
Lm Financial Partners, INC.
August 2000 - October 2002 · 2 yrs 2 mos
Lm Financial Partners, INC.Broker
April 2000 - October 2002 · 2 yrs 6 mos
C.R.I. Securities, INC.Broker
November 1993 - June 2000 · 6 yrs 7 mos
Ascend Financial Services, INC.Broker
June 1990 - June 2000 · 10 yrs
Equico Securities, INC.Broker
July 1985 - July 1990 · 5 yrs
The Equitable Life Assurance Society of the United StatesBroker
July 1985 - July 1990 · 5 yrs
State Registrations18 states
AKARAZCACOFLGAINMNMOMTNCNDNESDTXWIWY
AdvisorBrokerBoth

You can work with an advisor not registered in your state. Most advisors can legally serve a small number of clients across state lines without registering.

Exams
No exam information available for this advisor.
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