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Thrivent Advisor Network

Wealth managementRIA network

Minneapolis, MNCRD 304569Updated

Thrivent Advisor Network is an investment adviser based in Minneapolis, MN, registered with the SEC since 2019. It provides financial planning and investment management. Its clients include individual clients, high-net-worth individuals and charitable organizations. Its regulatory assets under management total $6.84 billion, as filed on 25 June 2026.

$6.84B
AUM
14.7K
Clients
$458K
AUM per individual client
119
Advisory staff
28
Offices
2.00%
Annual fee
Up to

From Form ADV filed 25 June 2026SEC record

Services and clients

Thrivent Advisor Network provides financial planning, portfolio management for individuals and small businesses, pension consulting, selecting other managers, and educational seminars. Financial planning was provided to 2,000 clients last fiscal year.

Thrivent Advisor Network reports 14,732 clients. They include 13,130 individual clients, 1,481 high-net-worth individuals and 62 charitable organizations. Of its assets, 99.3% ($6.79B across 25,020 accounts) are managed with discretion; $47M across 395 accounts are not. A wrap fee program the firm both sponsors and manages holds $2.86B. It advised 800 clients without assets under management last fiscal year.

Clients and assets by client type
Clients14,732 clients reported
Assets$6.84B
Share of clients and assets by client type
Client typeClientsAssets
Individuals (other than HNW)89%55%
High-net-worth individuals10%43%
Pension and profit-sharing plansFewer than 5<1%
Charitable organizations<1%1%
Corporations and other businesses<1%<1%

Client shares use reported counts. Client types without a reported count are excluded from that total.

Client breakdown and activity details
Individuals (other than HNW)
Clients
13,130
Regulatory AUM
$3.73B
AUM share
54.5%
Avg. per client
$284K
High-net-worth individuals
Clients
1,481
Regulatory AUM
$2.97B
AUM share
43.4%
Avg. per client
$2M
Pension and profit-sharing plans
Clients
Fewer than 5
Regulatory AUM
$10.3M
AUM share
0.2%
Avg. per client
—
Charitable organizations
Clients
62
Regulatory AUM
$93.7M
AUM share
1.4%
Avg. per client
$1.51M
Corporations and other businesses
Clients
59
Regulatory AUM
$39.9M
AUM share
0.6%
Avg. per client
$676K

Total

Clients
14,732
Regulatory AUM
$6.84B
AUM share
100%
Avg. per client
—
Clients outside the U.S.
0%
Clients advised without assets under management last fiscal year
800
Private funds advised
0
Financial planning clients last fiscal year
2000

Fees and minimums

Thrivent Advisor Network charges up to 2.00% a year for its Investment Advisory Services; its fees and minimums are set out in its brochures on the SEC website.

Ownership and people

Thrivent Financial Holdings, Inc. owns 75% or more of Thrivent Advisor Network and is in turn owned by Thrivent Financial for Lutherans (75% or more). The leadership team of Thrivent Advisor Network includes President Matthew Armstrong and Chief Compliance Officer David Belotte. It has 119 employees.

Leadership

Investment adviser representatives

117 representatives listed in the SEC register as of 9 October 2026.

  • Chad Dennis Aaberg
  • Mary C Abundo
  • Lauren Bruce Althaus
  • Matthew Gene Anderson
  • Zachary Scott Anderson
  • Matthew James Armstrong
  • Andrew Phillip Barthel
  • David Beise
  • David Belotte
  • Keith Ryan Berg
  • Luke Berge
  • Colin Bernd

Staff

  • 119 employees
  • 119 in advisory functions
  • 119 state-registered reps
  • 84 broker-dealer reps
  • 85 insurance agents
  • 1 soliciting firm
Who owns the firm
Thrivent Advisor Network, LLC· the adviser

  • Thrivent Financial Holdings, Inc.

    Control person · since May 2019

    Owns 75% or more of Thrivent Advisor Network, LLC

    • Thrivent Financial for Lutherans

      Control person · since August 1986

      Owns 75% or more of Thrivent Financial Holdings, Inc.

Growth and acquisitions

Thrivent Advisor Network’s regulatory assets grew from $5.29B (July 2021) to $6.84B (June 2026); clients rose from 9,963 to 14,732 and employees fell from 192 to 119.

By annual filing
Measure
Figures from each annual filing
Thrivent Advisor Network figures from each annual Form ADV filing
FiledRegulatory AUMClientsEmployeesOffices
June 2026$6.84B14,73211928
June 2025$6.65B10,82113936
June 2024$6.16B11,30116438
July 2023$5.06B11,47813435
July 2022$6.53B11,92820542
July 2021$5.29B9,96319240

Offices and registration details

Besides its headquarters, Thrivent Advisor Network has 27 offices, with 26 listed addresses across 13 states.

Listed office addresses by state

Minnesota · 5 listed addresses

  • 600 Portland Avenue South, MinneapolisHQ
  • 10900 Wayzata BLVD, Minnetonka
  • 200 Village Center Drive, North Oaks
  • 150 South 5th Street, Minneapolis
  • 7760 France Ave S, Edina

Other business names

Thrivent Advisor Network has reported 14 other business names to the SEC.

  • 5280 Associates
  • Advent Partners
  • Concours Capital Advisors
  • Crossroads Financial Group
  • M25 Advisors
  • North Oaks Financial Group
  • Palomar Wealth
  • Parable Wealth Partners
  • Passage Wealth
  • Pearl Street Wealth Partners
  • Piton Wealth
  • Retirepath Advisors
Show all 14 names
  • Sea Glass Wealth Advisors
  • TM3 Wealth

Contact and registration details

Legal name
Thrivent Advisor Network, LLC
Headquarters
600 Portland Avenue South, Minneapolis, MN 55415
Website
thriventadvisornetwork.com
Phone
612-844-8444
LinkedIn
@thriventadvisornetwork
X
@TanAdvisor
SEC file
801-117013
Structure
Delaware LLC
Fiscal year end
December

Custodians

Thrivent Advisor Network uses Fidelity ($5.68B, 83%) and Charles Schwab ($1.15B, 17%) as custodians for its separately managed accounts. Thrivent Advisor Network has custody of $1.23B in client assets for 2,341 clients.

Reported separately managed account assets by custodian
$6.83B
named custodians
  • FidelityFidelity · Smithfield, RI · $5.68B83%
  • Charles SchwabCharles Schwab & Co., Inc. · Westlake, TX · $1.15B17%

Investments and reported holdings

At year end, Thrivent Advisor Network’s separately managed accounts were mostly in funds (70%) and stocks (22%).

What the accounts hold

Separately managed account assets by class, year end
  • Stocks22%
  • Funds70%
  • Bonds1%
  • Cash7%

Common questions

How many clients does Thrivent Advisor Network have?

Thrivent Advisor Network has 14,732 clients and manages $6.84 billion for them, as of June 2026. They include 13,130 individual clients, 1,481 high-net-worth individuals and 62 charitable organizations.

Source: Form ADV Part 1A, Items 5.D and 5.F, filed 25 June 2026

What services does Thrivent Advisor Network offer?

Thrivent Advisor Network provides financial planning, portfolio management for individuals and small businesses, pension consulting, selecting other managers, and educational seminars.

Source: Form ADV Part 1A, Item 5.G, from the SEC's 2 October 2026 data file

How much does Thrivent Advisor Network charge?

Thrivent Advisor Network charges up to 2.00% a year for its Investment Advisory Services.

Source: TAN FIRM BROCHURE, filed 9 October 2026

Which custodians does Thrivent Advisor Network use?

Thrivent Advisor Network’s separately managed account assets are held at Fidelity (Smithfield, RI), with $5.68B and Charles Schwab & Co., Inc. (Westlake, TX), with $1.15B. Only custodians holding at least a tenth of those assets are named.

Source: Form ADV Part 1A, Schedule D, Section 5.K.(3), filed 25 June 2026

How many financial advisors does Thrivent Advisor Network have?

Thrivent Advisor Network has 119 investment adviser representatives registered with state securities authorities, out of 119 employees, and 119 perform investment advisory functions. 84 employees are registered representatives of a broker-dealer and 85 employees are licensed insurance agents.

Source: Form ADV Part 1A, Items 5.A and 5.B, from the SEC's 2 October 2026 data file

What does Thrivent Advisor Network invest in?

At the end of its last fiscal year, Thrivent Advisor Network’s separately managed accounts held 70% registered funds (mutual funds, ETFs, BDCs), 22% exchange-traded equities, 7% cash and equivalents and 1% U.S. government and agency bonds.

Source: Form ADV Part 1A, Items 5.K.(1) and 7.B, from the SEC's 2 October 2026 data file

Who owns Thrivent Advisor Network?

Thrivent Advisor Network is owned through a holding company by Thrivent Financial for Lutherans. Its direct owner is Thrivent Financial Holdings, Inc. (75% or more).

Source: Form ADV Part 1A, Schedules A and B, filed 25 June 2026

How does Thrivent Advisor Network get paid?

Thrivent Advisor Network is paid through a percentage of assets under management, hourly charges and fixed fees. Its Form ADV lists no commissions or performance-based fees among how it is paid.

Source: Form ADV Part 1A, Item 5.E, from the SEC's 2 October 2026 data file

How do I contact Thrivent Advisor Network?

Thrivent Advisor Network’s main office is at 600 Portland Avenue South, Minneapolis, MN 55415. Its phone number is 612-844-8444. Its website is thriventadvisornetwork.com.

Source: Form ADV Part 1A, Item 1.F, filed 25 June 2026

Sources and methodology

  1. Form ADV Part 1A, amendment filed 25 June 2026. Items 1, 5, 9, 11 and Schedules A, B and D.
  2. TAN FIRM BROCHURE, submitted 9 October 2026.
  3. SEC-filed document.
  4. SEC-filed document.
  5. IAPD firm record, CRD 304569.
  6. SEC registered adviser data, annual Form ADV amendments filed 26 July 2021 to 25 June 2026. Items 1.F and 5.
  7. SEC investment adviser representative register, as of 9 October 2026; loaded 10 October 2026.

Retrieved 15 October 2026. All are published by the SEC and may have been amended since. Disciplinary history is not yet shown here. The SEC publishes the complete record, including any disciplinary events, and it is the authoritative place to check one. The logo is reproduced for identification from Thrivent Advisor Network, LLC, website.

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