Thrivent Asset Management, LLC

CRD#137751
Investment Advisor Firm

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Overview

Thrivent Asset Management, LLC is a financial advisory firm located in Minneapolis, Minnesota. Thrivent Asset Management, LLC manages $17.6 billion in assets under management throughout 29 client accounts, making it one of the largest firms in the nation by assets under management (AUM). The firm has a large group of 413 employees, of which 134 are financial advisors. Thrivent Asset Management, LLC does not act as a registered broker-dealer, meaning the advisor is not able to buy and sell securities for its accounts and those of its clients and instead is required to go through a broker-dealer firm to do so. Securities are defined as exchangable fiscal assets like options, stocks and bonds.

Thrivent Asset Management, LLC administers all of the company's client assets on a discretionary basis. Discretionary management means that transaction choices for the client's account are made by an investment advisor without needing to seek client permission. Thrivent Asset Management, LLC's typical account size is $606.6 million. The average financial advisor at Thrivent Asset Management, LLC oversees fewer than one client account, placing it among the most personalized financial advisor firms in the country.

The firm's central office is located at 625 Fourth Avenue South, Minneapolis, Minnesota 55415-1665. The firm is legally permitted to provide services to customers throughout a number of states, including Minnesota and Wisconsin.

Assets Under Management

$17.6 billion

Number of Advisors

134

Fee Structure

Asset-based

Disclosures

Yes

Office Location

625 Fourth Avenue South
Minneapolis, MN 55415-1665

Thrivent Asset Management, LLC by the Numbers

Total Assets Under Management

$17.6 billion

National Average: $3.3 billion
Total Number of Employees

413

National Average: 4,943
Total Number of Accounts

29

National Average: 2,522
Average Account Size

$606.6 million

National Average: $1.3 million

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Fee Structure

Fees charged by financial advisors are based on which services are offered. Fees charged by Thrivent Asset Management, LLC typically consist of the following fee structures: asset-based. The company does not provide a wrap fee program, in which the firm offers a service bundle for a comprehensive fee.

Available

  • Offered by 75% 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.

Unavailable

  • Find one of the 37% 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 3% 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 17% 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 1% 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 40% of firms that offer this fee type

    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.

  • Find one of the 12% 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 caters to investment companies. Out of its 29 clients, Thrivent Asset Management, LLC's largest client group by number of accounts is investment companies. None of the firm's customers are represented by non-U.S. persons.

  • High-Net-Worth Individuals* - 0%
  • Other Individuals - 0%
  • Corporations - 100%
  • 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 Asset Management, LLC has disclosures.

Please visit its Form ADV for more details.

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This content was compiled from the SEC and FINRA