Thrivent Investment Management Inc. (Minneapolis)

Thrivent Investment Management Inc. is a large advisory firm based in Minneapolis. It manages $11.43 billion of regulatory assets for 45,987 client accounts. It has been registered with the SEC as an adviser since 2002 and has operated in the jurisdictions of Alabama, Alaska, Arizona, and 47 other states.

Thrivent Investment Management provides financial planning services and portfolio management for individuals and small businesses. It prepares financial plans for approximately 9,500 clients. On top of advisory services, the firm doesn't engage in other business activities.

Thrivent Investment Management: assets under management

The assets under management (AUM) of Thrivent Investment Management Inc. is $11.43 billion. The firm's AUM has grown by 58% since the beginning of its operation, and the company doesn't manage any assets belonging to foreign clients.

The firm manages $4.13 billion in discretionary accounts and $7.3 billion in non-discretionary accounts. On average, the discretionary accounts where all decisions are made on behalf of the client hold $208.92 thousand each. Non-discretionary accounts, where clients actively manage their portfolios, generally hold around $278.35 thousand.

Thrivent Investment Management has custody of $4 thousand in cash and securities for 1 client in total and its related person acts as a qualified custodian.

Investments

The firm invests in investment and business development companies the most. They account for 63% of the total AUM. The second-largest asset type is exchange traded securities, which make up 31% of the firm’s portfolio. Investments in cash and cash equivalents form 5% of the total invested assets.

Fees & Commissions

The advisory firm has several streams of revenue. Clients pay Thrivent Investment Management Inc. for their services and products based on a percentage of assets under management and fixed fees. Compensation based on assets under management promotes a long-term relationship between a client and the adviser and helps align mutual interests. These fees don’t include brokerage commissions, interest, taxes, and other account expenses.

What kind of clients Randall Lee Boushek serves?

The firm provides services to individuals, charitable organizations, high net worth individuals, corporations or other businesses, and pension and profit sharing plans. The largest group of clients of Randall Lee Boushek is individuals with 41,084 clients and $8.06 billion of assets under management. Among the 10 most similar advisory firms, Thrivent Investment Management has the 2nd highest percentage of individuals out of all clients.

The amount of regulatory assets under management is $11.42 billion for 45,760 clients that can include trusts, estates, and 401(k) plans and IRAs of individuals and their family members. None of the firm’s clients are foreign persons or businesses.

Thrivent Investment Management doesn't advise any private funds.

Careers at Thrivent Investment Management Inc.

The company employs 3,614 people that are either part- or full-time employees. 57 percent of the employees work as investment advisers or researchers. 2,305 employees are registered as investment adviser representatives with the state securities authorities.

There isn’t anyone with the role of looking for and bringing in new clients on behalf of the firm. The firm doesn’t compensate employees in addition to the salary for bringing in new clients. Employees receive compensation from other entities for client referrals.

Randall Lee Boushek has been acting as President since 1 Jan 2005. Timothy Sean Meehan joined the executive team most recently as the Chief Legal Officer & Secretary.

Direct owners and executive officers

Indirect Owners

The SEC currently registers 1 indirect owner.

Based in Minneapolis

The principal office where Thrivent Investment Management Inc. performs its advisory services is located at 625 Fourth Avenue South, Minneapolis, MN 55415 1665, which is also the mailing address of the firm. An additional office of the firm is in Minnetonka, MN. It doesn’t run an office outside of the United States.

You can reach the main office by calling the phone number 800-847-4836 or by fax 612-844-4307. The normal business hours are 8:00 a.m.-5:00 p.m. on Monday - Friday. You can find more information about the New York firm at thrivent.com.

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