Thrivent Investment Management Inc
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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
Number of Advisors
Disclosures
Office Location
Thrivent Investment Management Inc by the Numbers
$12.5 billion
3,548
40,990
$304.7 thousand
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
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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.
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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.
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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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Selection of Other Advisors
This is the firm's assistance with choosing other advisors to work with who may have different specialties.
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Publication of Periodicals
This is the publication of various financial education materials.
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Educational Seminars/Workshops
This is the hosting of seminars or workshops to educate investors on financial concepts.
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
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Offered by 69% of firms
Percentage of Assets
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Offered by 32% of firms
Fixed
Unavailable
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Find one of the 21% of firms that offer this fee type
Hourly
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Find one of the 1% of firms that offer this fee type
Commissions
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Find one of the 26% of firms that offer this fee type
Performance-based
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Find one of the 0% of firms that offer this fee type
Subscription
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Find one of the 10% of firms that offer this fee type
Other
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
Minneapolis, MN
Stevens Point, WI
Blue Springs, MO
Albertville, MN
Appleton, WI
Scottsdale, AZ
Mondovi, WI
Appleton, WI
La Grange, TX
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