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 is located at 600 Portland Avenue South, Minneapolis, MN. The firm employs 2,509 financial advisors to manage client portfolios and provide financial guidance. Thrivent Investment Management Inc is a registered broker-dealer.

    Thrivent Investment Management Inc oversees $14.8 billion in assets under management across 42,439 accounts, of which 16,440 are discretionary and 25,999 are non-discretionary. Over the past year, the firm has provided financial planning services to 22,000 clients. The services offered include financial planning services and portfolio management for individuals and small businesses. The firm caters to retail investors, high net worth investors, corporations, and other types of investors, with retail investors being the largest client type by accounts. The fee structure at Thrivent Investment Management Inc includes asset-based and fixed fees. The firm has 9,876 high net worth clients and maintains affiliations with a broker-dealer or securities dealer, trust company, insurance company or agency, and commodity pool advisor.

    Thrivent Investment Management Inc is registered in the states of Alabama, Alaska, Arizona, Arkansas, California, Colorado, Connecticut, Delaware, District of Columbia, Florida, Georgia, Hawaii, Idaho, Illinois, Indiana, Iowa, Kansas, Kentucky, Louisiana, Maine, Maryland, Massachusetts, Michigan, Minnesota, Mississippi, Missouri, Montana, Nebraska, Nevada, New Hampshire, New Jersey, New Mexico, New York, North Carolina, North Dakota, Ohio, Oklahoma, Oregon, Pennsylvania, Rhode Island, South Carolina, South Dakota, Tennessee, Texas, Utah, Vermont, Virginia, Washington, West Virginia, Wisconsin, and Wyoming.

    Assets Under Management

    $14.8 billion

    Number of Advisors

    2,509

    Disclosures

    No

    Office Location

    600 Portland Avenue South
    Minneapolis, MN 55415

    Thrivent Investment Management Inc by the Numbers

    Total Assets Under Management

    $14.8 billion

    National Average: $8.6 billion
    Total Number of Employees

    3,596

    National Average: 64
    Total Number of Accounts

    42,439

    National Average: 375,227
    Average Account Size

    $349.1 thousand

    National Average: $23.0 thousand
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    Products and Services

    Services offered by Thrivent Investment Management Inc include financial planning services and portfolio management for individuals and small businesses. In the last financial year, Thrivent Investment Management Inc provided 22000 of its clients with financial planning services. The Company is engaged in selling products or offering services different than investment advice to its customers.

    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 charged by financial advisors usually are based on the type of financial services offered. Fees charged by Thrivent Investment Management Inc can include some combination of the following fee types: asset-based or fixed. Wrap fee programs, or the practice of bundling services for a single fee, are offered by Thrivent Investment Management Inc.

    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

    The firm provides services to retail investors, high net worth investors, corporations, and other. Out of its 4 clients, Thrivent Investment Management Inc's largest client type by number of accounts is retail investors, although it also caters to 9876 high-net-worth individuals. A high-net-worth individual is defined by the SEC as an investor 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).

    • High-Net-Worth Individuals* - 10.56%
    • Other Individuals - 88.31%
    • 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

    Ann Deluca
    Alpharetta, GA
    William Weiss
    Walker, MN
    Quinton Baker
    Brandon, FL
    Benjamin Tamms
    Waukesha, WI
    Austin Walther
    Freeport, IL
    Alaina Schmid
    Devils Lake, ND
    Toniette Flint
    Watertown, WI
    Justin Keeler
    Federal Way, WA
    Joshua Roberts
    Minneapolis, MN

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