Thrivent Investment Management Inc

CRD#18387
Investment Advisor Firm

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Overview

Thrivent Investment Management Inc is a financial advisor firm based in Minneapolis, Minnesota. The firm manages $11.3 billion in assets under management across 33,764 accounts, placing it among the biggest investment advisory firms in the United States by assets under management (AUM). It has a very large group of 3,494 employees, of which 2,170 are financial advisors. Thrivent Investment Management Inc is not 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 has to go through a broker-dealer firm to do so. Securities are exchangable financial assets such as options, stocks and bonds.

Thrivent Investment Management Inc administers 7,057 of its client assets on a discretionary basis. Discretionary management means that a portfolio manager makes transaction choices for the client's account without needing to seek the client's consent. The firm also administers 26,707 non-discretionary accounts totaling $8.9 billion in AUM. The firm oversees roughly $333,867 for every account. The average advisor at Thrivent Investment Management Inc manages about 16 client accounts, placing it among the more individualized financial advisor firms in the country.

The firm's central office is at 600 Portland Avenue South, Minneapolis, Minnesota 55415. The firm is permitted to provide services to investors throughout 51 U.S. states and territories.

Assets Under Management

$11.3 billion

Number of Advisors

2,170

Disclosures

No

Office Location

600 Portland Avenue South
Minneapolis, MN 55415

Thrivent Investment Management Inc by the Numbers

Total Assets Under Management

$11.3 billion

National Average: $3.7 billion
Total Number of Employees

3,494

National Average: 29
Total Number of Accounts

33,764

National Average: 2,073
Average Account Size

$333.9 thousand

National Average: $1.8 million

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Products and Services

Services offered by Thrivent Investment Management Inc can include financial planning services and portfolio management for individuals and small businesses. In the past financial year, the company provided financial planning services to 13500 of its customers. It is involved in selling products or offering services aside from investment advice to its clients. It is affiliated with a number of 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 45% 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 62% 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 advice largely depend on which services the firm provides the client. However, fee types charged by the firm most likely include the following fee structures: asset-based or fixed. The firm participates in a wrap fee program, in which the firm offers a service bundle for a single fee.

Available

  • Offered by 74% 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 40% 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 35% 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 2% 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 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 works with a number of different investors. Thrivent Investment Management Inc provides services to retail investors, high net worth investors, pension plans, corporations and other. Out of its 33,764 customers, Thrivent Investment Management Inc's largest client group by number of accounts is retail investors, though it also caters to 6,480 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 at least $1.50 million or who counts as a "qualified purchaser" (a standard met by having at least $5 million in investments). None of its clients are represented by people from outside of the U.S.

  • High-Net-Worth Individuals* - 17.05%
  • Other Individuals - 81.82%
  • Corporations - 1.13%
  • 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

Jeremy Cox
Knoxville, TN
Robert Seda
Henderson, TN
Timothy Richmond
Appleton, WI
Christopher Perkins
Winona, MN
Tyler Jones
Escondido, CA
Cody Pfaff
Bad Axe, MI
Erica Montoya
San Antonio, TX
Alasa Harper
Carmel, IN
Jessica Hillman
Rogers, AR

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This content was compiled from the SEC and FINRA