Thrivent Investment Management Inc

CRD#18387
Investment Advisor Firm

Answer a few questions and
get matched with an advisor.

Find an Advisor

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
Back to Overview
Back to Overview

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

Back to Overview

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.

Back to Overview

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.

Find an advisor who will work directly with you

Sometimes a big firm may not be able to give you the one-on-one service that you need. That's where we come in to help match you with great personal financial advisors. Click here to find your advisor matches today.

Back to Overview

Disclosures

Thrivent Investment Management Inc does not have any disclosures.

Please visit its Form ADV for more details.

Back to Overview
Back to Overview

Find a financial advisor near you

If you're interested in working with an advisor closer to you, we can help you find one. Click here to find your advisor matches today.

Back to Overview

Financial Advisors at Thrivent Investment Management Inc

Margaret Carter
Chicago, IL
Paul Hawkins
Blue Springs, MO
Robert Swearingen
Minneapolis, MN
Tanya Dean
Mondovi, WI
Julie Pressnell
Tampa, FL
Melissa Murphy
Appleton, WI
Michael Guizzetti
Appleton, WI
Ryan Anderson
Sioux Falls, SD
Paul Gamache
Colorado Springs, CO

Not sure which advisor is right for you? Use our matching tool

Our matching tool simplifies the process of finding a financial advisor. To match you with top financial advisors nearby, we ask you a series of questions about your retirement plans, life status, investment goals and advisor preferences, which are all important topics to consider when choosing a financial advisor. Click here to find your advisor matches today

Back to Overview

The content in this profile was updated by SmartAsset on 4/16/2023. All advisor details come from publicly available data, and we cannot guarantee the accuracy of the content. We are unable to make individual profile updates. If you want your profile removed temporarily or permanently, please contact profile-compliance@smartasset.com.

The named financial professional and firm have not reviewed, approved, or endorsed this profile and are not responsible for its accuracy. Profile content is produced by SmartAsset independently of any business relationships that might exist between SmartAsset and the named financial professional and firm. Financial professionals and firms having business relationships with SmartAsset receive no special treatment or consideration in SmartAsset’s profiles.

This profile may include a firm or advisor that has a business relationship with SmartAsset, in which SmartAsset is compensated for lead referrals. SmartAsset is not a client of the aforementioned firms or advisors. SmartAsset did not receive compensation for including any of the firms or advisors in the aforementioned profile.

This page contains links to SmartAsset’s financial advisor matching tool, which may or may not match you with the advisor or firm mentioned in this profile. The matching tool does not include all available advisors and firms and matches based on specific criteria (investable assets, geography, and willingness to work with a remote advisor).

Certified Financial Planner Board of Standards, Inc. (CFP Board) owns the certification marks CFP® and CERTIFIED FINANCIAL PLANNER™ in the United States, which it authorizes the use of by individuals who successfully complete CFP Board’s initial and ongoing certification requirements.