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Thrivent Asset Management

SEC-registered adviser since 2005Minneapolis, MNCRD 137751

$48.0B
AUM
31
Clients
See fees
Fee
155
Advisory staff

From Form ADV filed 31 March 2026 · data retrieved 15 October 2026SEC record

Thrivent Asset Management is an investment adviser headquartered in Minneapolis, Minnesota, and registered with the SEC since 2005. Its clients include investment companies.

Its services include portfolio management for investment companies. Fee arrangements include a percentage of assets under management. Thrivent Financial Holdings, Inc. owns 75% or more of Thrivent Asset Management.

Clients

Thrivent Asset Management serves 31 clients. The average client has about $1.55 billion with the firm.

Regulatory assets by client type
  • Investment companies31 clients100%
Show client breakdown
Investment companies
Clients
31
Regulatory AUM
$47,988,931,706
Share
100.0%
Avg. per client
$1.55B

Total

Clients
31
Regulatory AUM
$47,988,931,706
Share
100%
Avg. per client
$1.55B

What it does

Thrivent Asset Management provides portfolio management for investment companies and other activities. It is paid through a percentage of assets.

Thrivent Asset Management advises no private funds.

100.0% of assets ($47.99B across 31 accounts) are managed with discretion. 0% of clients are outside the U.S., and 2 clients received advice without assets under management last fiscal year.

Custodians

Thrivent Asset Management does not have custody of client assets.

Managed account assets by custodian
  • All other custodians$47.99B100%

Ownership and leadership

Thrivent Financial Holdings, Inc. owns 75% or more of Thrivent Asset Management.

Who owns the firm
Thrivent Asset Management, LLC· the adviser

  • Thrivent Financial Holdings, Inc.

    Control person · since January 2014

    Owns 75% or more of Thrivent Asset Management, LLC

Leadership

  • Troy Beaver
    Elected Manager and Vice President
  • Jeffrey Cloutier
    Vice President, Chief Financial Officer and Treasurer
  • David Royal
    President
  • Edward Dryden
    Chief Compliance Officer
  • Jenna Jenson
    Chief Legal Officer and Secretary
  • Michael Kremenak
    Elected Manager
  • Jamie Riesterer
    Elected Manager

Staff

  • 426 employees
  • 155 in advisory functions
  • 1 state-registered rep
  • 12 broker-dealer reps

Fees

Thrivent Asset Management is paid through a percentage of assets under management.

Thrivent Asset Management’s fee rates are not included in this profile. Find its brochure on the SEC’s site.

Offices and registrations

Besides its headquarters, Thrivent Asset Management has 1 office, with 2 listed addresses across 2 states.

Listed office addresses by state

Minnesota · 1 listed address

  • 901 Marquette Avenue, Suite 2500, MinneapolisHQ

Registration details

Legal name
Thrivent Asset Management, LLC
Headquarters
901 Marquette Avenue, Suite 2500, Minneapolis, MN 55402-3211
Phone
800-847-4836
Website
www.thrivent.com
SEC file
801-64988
Structure
Delaware LLC
Fiscal year end
December

This directory does not report disciplinary history, for any firm or individual, in either direction. The SEC publishes the complete record, including any disciplinary events, and it is the authoritative place to check one. See this firm's record on adviserinfo.sec.gov

Common questions

How many clients does Thrivent Asset Management have?

Thrivent Asset Management has 31 clients and manages $48 billion for them, as of March 2026.

Source: Form ADV Part 1A, Items 5.D and 5.F, filed 31 March 2026

What services does Thrivent Asset Management offer?

Thrivent Asset Management provides portfolio management for investment companies and other activities.

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

How many financial advisors does Thrivent Asset Management have?

Thrivent Asset Management has 1 investment adviser representatives registered with state securities authorities, out of 426 employees, and 155 perform investment advisory functions. 12 are registered representatives of a broker-dealer and 0 are licensed insurance agents.

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

Who owns Thrivent Asset Management?

Thrivent Asset Management 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 31 March 2026

How does Thrivent Asset Management get paid?

Thrivent Asset Management is paid through a percentage of assets under management. 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

Sources

  1. Form ADV Part 1A, amendment filed 31 March 2026. Items 1, 5, 9, 11 and Schedules A, B and D.
  2. IAPD firm record, CRD 137751.

Retrieved 15 October 2026. All are published by the SEC and may have been amended since.

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This profile is compiled from public regulatory filings and is provided for informational purposes only. Niva Wealth is not affiliated with Thrivent Asset Management, LLC and makes no representation about the quality of its services. Figures reflect the filing dates shown and may have changed. Ownership percentages are the bands reported to the SEC, not exact figures.