Thrivent Financial For Lutherans

CRD#115785
Investment Advisor Firm

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Learn more about Thrivent Financial For Lutherans

  • Overview
  • By the Numbers
  • Fee Structure
  • Types of Clients
  • Disclosures
  • State Registrations
  • Office Locations

    • Overview

    Thrivent Financial For Lutherans is an advisory company that has its headquarters in Minneapolis, Minnesota. It administers $117.6 billion in assets across 67 accounts, making it one of the biggest firms in the nation by assets under management (AUM). Thrivent Financial For Lutherans has a very large group, including 160 financial advisors. Thrivent Financial For Lutherans does not act as a registered broker-dealer, signifying that it cannot 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 tradable financial assets such as bonds, stocks and options.

    Thrivent Financial For Lutherans oversees all of its accounts on a discretionary basis. Discretionary management signifies that a portfolio manager has the discretion to make transaction judgments without requiring client consent. The investment advisory firm's average account size is $1.8 billion. The average advisor at Thrivent Financial For Lutherans administers fewer than one client account, making it one of the most personalized advisor firms in the country.

    Thrivent Financial For Lutherans's headquarters is at 901 Marquette Avenue, Minneapolis, Minnesota 55402-3211. The firm is registered to provide services to customers across a number of states, including Delaware, Wisconsin and Minnesota.

    Assets Under Management

    $117.6 billion

    Number of Advisors

    160

    Disclosures

    No

    Office Location

    901 Marquette Avenue
    Minneapolis, MN 55402-3211

    Thrivent Financial For Lutherans by the Numbers

    Total Assets Under Management

    $117.6 billion

    National Average: $8.6 billion
    Total Number of Employees

    3,940

    National Average: 64
    Total Number of Accounts

    67

    National Average: 375,227
    Average Account Size

    $1.8 billion

    National Average: $23.0 thousand
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    Fee Structure

    Financial advisory fees typically vary depending on the type of financial services provided. However, fee types billed by Thrivent Financial For Lutherans can be comprised of the following fee types: asset-based or performance-based. The firm does not provide a wrap fee program, in which the firm offers a bundle of services for a single fee.

    Available

    • Offered by 69% 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 26% of firms

      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.

    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 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 32% 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 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.

    Back to Overview

    Types of Clients

    The company works with investment companies, pooled investment vehicles, pension plans and other. Out of its 67 accounts, Thrivent Financial For Lutherans's largest client group is pooled investment vehicles. None of the firm's customers reside abroad.

    • 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 Financial For Lutherans does not have any disclosures.

    Please visit its Form ADV for more details.

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