LPL Financial announced that financial advisors Kultar S. “Sid” Bindra, CFP, and Steven Alvarez have joined LPL’s employee advisor channel, Linsco by LPL Financial, to launch The Bindra Group. And they reported serving approximately $300 million in advisory, brokerage and retirement plan assets and join LPL from Truist Financial.
Based in Tampa, Florida, Bindra’s path to wealth management started in college, when he worked 56 hours a week selling phones. After graduating, Bindra went straight to work building his practice by using the dial and smile method of cold calling potential clients, networking and hosting events. An Alvarez joined as a junior partner in 2022, and together they now cater to high-net-worth and ultra-high-net-worth business owners, as well as numerous government contractors. Plus, their objective is to ensure that each client has a financial plan on their journey to financial wellness, irrespective of their account size.
Following a major reorganization at their former firm, Bindra and Alvarez decided it was in the best interests of their clients and business to have more control over their operations. Their due diligence process led them to Linsco by LPL.
Linsco’s employee advisor model helps bridge the gap between working in a wirehouse environment and being independent. And Linsco serves financial advisors seeking the core tenets of independence, including owning their client relationships and having the flexibility to run their practice on their own terms. Through Linsco, advisors have access to LPL’s integrated wealth management platform and solid business resources, along with the additional benefits of having support from an experienced branch management team and other dedicated consultants.
KEY QUOTES:
“I didn’t have financial aid or qualify for a grant due to my family’s pending immigration status, so I worked seven days a week to save for my education. I learned all about banking and finance at age 18 and graduated college with an 800 credit score, two degrees and zero debt. That $7 an hour job in college changed my perspective on a $7 million client account.”
“The aspect of business ownership within an independent organization was pivotal for me. To have my name prominently displayed in our brand is a testament to my family’s legacy. We truly appreciate the freedom and flexibility to build a practice on our terms and take care of clients the way we see fit.”
-Kultar S. “Sid” Bindra
“We are excited to join LPL Financial and become part of a firm that is dedicated to providing its advisors with the resources and support they need to be successful. We look forward to evolving our practice to give clients smoother experiences and elevated services.”
-Steven Alvarez
“We welcome Sid and Steven to the Linsco community. At LPL, our focus is on helping advisors serve their clients on their own terms and build businesses with value. We look forward to supporting the business growth and success of The Bindra Group as they leverage our robust technology platform and practice management programs designed to help them evolve their business and deliver differentiated client experiences.”
-Scott Posner, LPL Executive Vice President, Business Development
