Thrivent Investment Management Inc

CRD#18387
Investment Advisor Firm

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Learn more about Thrivent Investment Management Inc

  • Overview
  • By the Numbers
  • Products and Services
  • Fee Structure
  • Types of Clients
  • Disclosures
  • State Registrations
  • Office Locations
  • Firm Advisors

    • Overview

    Thrivent Investment Management Inc operates as a financial advisor company located in Minneapolis, Minnesota. The firm administers $12.5 billion in assets over 40,990 customer accounts, placing it among the biggest financial advisory firms in the nation by assets under management (AUM). The firm has a very large group, including 3,005 financial advisors. Thrivent Investment Management Inc does not act as a registered broker-dealer, meaning it is not able to buy and sell securities for its clients' and own accounts and instead is required to go through a broker-dealer company to do so. Securities are exchangable fiscal assets such as options, equities and bonds.

    Thrivent Investment Management Inc manages some of its accounts in a discretionary manner. Discretionary management is a structure in which buy and sell choices for the client's account are made by an investment advisor without needing to seek the client's consent. The company also has 27,690 non-discretionary accounts with a total of $8.5 billion in AUM. The investment advisory firm supervises roughly $304,709 in assets for every account. The average advisor at Thrivent Investment Management Inc oversees around 14 client accounts, placing it among the more personalized advisor firms in the country.

    The company's headquarters is located at 600 Portland Avenue South, Minneapolis, Minnesota 55415. Thrivent Investment Management Inc is legally registered to provide services to customers throughout 51 U.S. states and territories.

    Assets Under Management

    $12.5 billion

    Number of Advisors

    3,005

    Disclosures

    No

    Office Location

    600 Portland Avenue South
    Minneapolis, MN 55415

    Thrivent Investment Management Inc by the Numbers

    Total Assets Under Management

    $12.5 billion

    National Average: $8.6 billion
    Total Number of Employees

    3,548

    National Average: 64
    Total Number of Accounts

    40,990

    National Average: 375,227
    Average Account Size

    $304.7 thousand

    National Average: $23.0 thousand
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    Products and Services

    Services provided by Thrivent Investment Management Inc include financial planning services and portfolio management for individuals and small businesses. In the prior fiscal year, the firm provided financial planning services to 24000 of its accounts. It does sell products or offer services aside from investment advice to its clients. The firm is also affiliated with one or more other companies 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 46% 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

    Fees for financial advisory services vary depending on which services the firm provides the client. Fees charged by Thrivent Investment Management Inc most likely are comprised of some blend of the following fee structures: asset-based or fixed. Wrap fee programs, or the practice of bundling services for a single fee, are provided by the firm.

    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 32% 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

    Thrivent Investment Management Inc does business with a broad range of investors. It caters to retail investors, high net worth investors, pension plans, corporations and other. Out of its 40,990 clients, Thrivent Investment Management Inc's largest client group is retail investors, but it also manages money for 7,050 high-net-worth individuals. A high-net-worth individual is defined by the SEC as a person who has at least $750,000 in AUM 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 the company's customers are represented by non-U.S. persons.

    • High-Net-Worth Individuals* - 12.77%
    • Other Individuals - 86.29%
    • Corporations - 0.94%
    • 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

    Janine Amundson
    Minneapolis, MN
    Daniel Demers
    Stevens Point, WI
    Paul Hawkins
    Blue Springs, MO
    Justin Bettinger
    Albertville, MN
    Melissa Murphy
    Appleton, WI
    Nick Goins
    Scottsdale, AZ
    Tanya Dean
    Mondovi, WI
    Michael Guizzetti
    Appleton, WI
    Erich Lehmann
    La Grange, TX

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