Thrivent Investment Management Inc

CRD#18387
Investment Advisor Firm

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Overview

Thrivent Investment Management Inc is a financial advisory company headquartered in Minneapolis, Minnesota. The firm manages $13.5 billion in assets under management across 36,159 accounts, placing it among the biggest firms in the United States by assets under management (AUM). The company has a very large team, including 2,820 financial advisors. Thrivent Investment Management Inc is not a registered broker-dealer, meaning the company is not able to buy and sell securities for its own accounts as well as its customers' and instead must go through a broker-dealer company to do so. Securities are tradable financial investments such as bonds, equities and options.

Thrivent Investment Management Inc manages 9,001 of the company's client assets in a discretionary manner. Discretionary management means that a portfolio manager makes transaction judgments without requiring the client's authorization. Thrivent Investment Management Inc also has 27,158 non-discretionary accounts with a total of $10.2 billion in assets. The company's average account size is $373,299. The average advisor at Thrivent Investment Management Inc administers about 13 client accounts, making it one of the more individualized advisor firms in the country.

The company's main office is located at 600 Portland Avenue South, Minneapolis, Minnesota 55415. Thrivent Investment Management Inc is legally allowed to serve investors across 51 U.S. states and territories.

Assets Under Management

$13.5 billion

Number of Advisors

2,820

Disclosures

No

Office Location

600 Portland Avenue South
Minneapolis, MN 55415

Thrivent Investment Management Inc by the Numbers

Total Assets Under Management

$13.5 billion

National Average: $9.0 billion
Total Number of Employees

3,507

National Average: 71,771
Total Number of Accounts

36,159

National Average: 4,329
Average Account Size

$373.3 thousand

National Average: $2.1 million

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Products and Services

Financial services provided by Thrivent Investment Management Inc can include financial planning services and portfolio management for individuals and small businesses. In the past fiscal year, Thrivent Investment Management Inc provided 18000 of its clients with financial planning services. The firm does sell products or offer services apart from investment advice to its clients. It is also affiliated with one or more other service providers in the financial services industry, including with a broker-dealer or securities dealer, trust company, insurance company or agency and commodity pool advisor.

Core Advisor Services

  • Offered by 31% of firms

    Financial Planning Services

    This is the process of planning for your financial future, including for events such as retirement, your child's college education or estate succession.

  • Offered by 47% of firms

    Portfolio Management

    This is the selection and management of an investment mix and portfolio strategy for individuals and small businesses.

  • Find a firm that offers this service

    Market Timing Services

    This is the practice of attempting to make short-term profits on investments by buying low and selling high.

Other Services

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Fee Structure

A financial advisor's fees vary depending on which services the firm provides the client. However, fee types charged by Thrivent Investment Management Inc likely consist of some combination of the following fee structures: asset-based or fixed. Thrivent Investment Management Inc does participate in a wrap fee program, in which the firm offers a bundle of services for a comprehensive fee.

Available

  • Offered by 70% of firms

    Percentage of Assets

    Show Explanation

    This fee, which is the most common fee type charged by advisors for portfolio management, is based on the amount of assets you have under management. Also referred to as an asset-based fee, this fee typically ranges from 0.50%-2.00% of AUM annually. You'll typically pay a lower rate the more assets you have under management.

  • Offered by 33% of firms

    Fixed

    Show Explanation

    Fixed fees are a one-time, lump sum charged for a specific service, like the creation of a financial plan without subsequent implementation. This can be useful if you only need advice for one specific purpose, rather than a long-term advisor. Fixed fees usually range from $1,000 to $3,000.

Unavailable

  • Find one of the 21% of firms that offer this fee type

    Hourly

    Show Explanation

    Like a lawyer, a financial advisor may charge you by the hour. This can be helpful if you are only looking for short-term or one-time advice. Rates typically range from $100-$300 per hour, depending on the complexity and level of services needed.

  • Find one of the 1% of firms that offer this fee type

    Commissions

    Show Explanation

    Occasionally, advisors earn commissions from selling financial products, such as securities or insurance policies, or making certain referrals or transactions. Advisors who earn commissions may be incentivized to make certain recommendations to clients in order to make a commission. Fee-only advisors do not earn commissions, while fee-based advisors may.

  • Find one of the 26% of firms that offer this fee type

    Performance-based

    Show Explanation

    Advisors only earn performance-based fees if a portfolio outperforms a defined benchmark. This fee may be calculated in a number of ways but most commonly is charged as a percentage of investment profits. Performance-based fees may incentivize advisors to make riskier decisions in order to generate higher returns.

  • Find one of the 0% of firms that offer this fee type

    Subscription

    Show Explanation

    Firms generally charge this fee for educational materials provided, such as a monthly magazine. This can be useful if you want to learn about investing or financial management on your own.

  • Find one of the 10% of firms that offer this fee type

    Other

    Show Explanation

    Firms can sometimes charge customers using non-traditional fee structures. See this firm's Form ADV for more details.

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Types of Clients

The firm does business with a broad range of clients. The firm works with retail investors, high net worth investors, pension plans, corporations and other. Out of its 36,159 customers, Thrivent Investment Management Inc's largest client group is retail investors, but it also caters to 7,710 high-net-worth individuals. A high-net-worth individual is defined by the SEC as someone who has at least $750,000 under management or a net worth of more than $1.50 million or who is considered a "qualified purchaser" (a standard met by having at least $5 million in investments). None of its accounts are represented by people from outside of the U.S.

  • High-Net-Worth Individuals* - 16.93%
  • Other Individuals - 82.03%
  • Corporations - 1.04%
  • Charitable Organizations - 0%

* The U.S. Securities and Exchange Commission (SEC) defines a high-net-worth individual as someone who has at least $750,000 under management.

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Disclosures

Thrivent Investment Management Inc does not have any disclosures.

Please visit its Form ADV for more details.

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Financial Advisors at Thrivent Investment Management Inc

Gregory Timmerman
Hiawatha, IA
Thomas Rones
Murrieta, CA
Alasa Harper
Columbus, IN
Vincent St Clair
Minneapolis, MN
Raymond Bradley
Lexington, SC
Bryan Dawson
Warner Robins, GA
Christina Anderson
Scottsdale, AZ
Joseph Lang
Minneapolis, MN
Christopher Pagotto
Dillsburg, PA

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The content in this profile was updated by SmartAsset on 04/01/2022 using publicly available data compiled from the SEC and FINRA. To report any data inconsistencies or errors, please contact profile-compliance@smartasset.com.

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