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Thrivent Investment Management

SEC-registered adviser since 1987Minneapolis, MNCRD 18387

$20.8B
AUM
125,754
Clients
See fees
Fee
2,963
Advisory staff

From Form ADV filed 30 September 2026 · data retrieved 15 October 2026SEC record

Thrivent Investment Management is an investment adviser headquartered in Minneapolis, Minnesota, and registered with the SEC since 1987. Its clients include high-net-worth individuals, other individuals, and corporations and other businesses. High-net-worth individuals account for 55% of its regulatory assets under management.

Its services include financial planning and portfolio management for individuals and small businesses. Fee arrangements include a percentage of assets under management and fixed fees. Thrivent Financial Holdings, Inc. owns 75% or more of Thrivent Investment Management.

Clients

Thrivent Investment Management serves 125,754 clients, 17,692 of them high-net-worth individuals. The average client has about $165,000 with the firm, and high-net-worth clients hold 55% of its $20.8 billion in assets.

Regulatory assets by client type
  • Individuals106,954 clients43%
  • High-net-worth individuals17,692 clients55%
  • OtherPension and profit-sharing plans, Corporations and other businesses, Other2%
Show client breakdown
Individuals (other than HNW)
Clients
106,954
Regulatory AUM
$8,894,549,347
Share
42.8%
Avg. per client
$83K
High-net-worth individuals
Clients
17,692
Regulatory AUM
$11,397,947,663
Share
54.9%
Avg. per client
$644K
Pension and profit-sharing plans
Clients
Not reported
Regulatory AUM
$6,304,256
Share
0.0%
Avg. per client
—
Corporations and other businesses
Clients
819
Regulatory AUM
$373,815,828
Share
1.8%
Avg. per client
$456K
Other
Clients
289
Regulatory AUM
$97,249,916
Share
0.5%
Avg. per client
$337K

Total

Clients
125,754
Regulatory AUM
$20,769,867,010
Share
100%
Avg. per client
$165K

What it does

Thrivent Investment Management provides financial planning and portfolio management for individuals and small businesses. It is paid through a percentage of assets and fixed fees.

Thrivent Investment Management provided financial planning to 18,000 clients last fiscal year and advises no private funds.

45.6% of assets ($9.48B across 26,187 accounts) are managed with discretion; $11.29B across 28,316 accounts are not. $20.77B sits in a wrap fee program the firm both sponsors and manages. 0% of clients are outside the U.S., and 84,100 clients received advice without assets under management last fiscal year.

What the accounts hold

Separately managed account assets by class, year end
  • Stocks52%
  • Funds42%
  • Bonds1%
  • Cash5%

Custodians

Thrivent Investment Management has custody of client assets.

Managed account assets by custodian
  • All other custodians$20.77B100%

Ownership and leadership

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

Who owns the firm
Thrivent Investment Management Inc.· the adviser

  • Thrivent Financial Holdings, Inc.

    Control person · since August 1986

    Owns 75% or more of Thrivent Investment Management Inc.

Leadership

  • Thomas John Birr
    Vice President
  • David Jacob Kloster
    President
  • Brandon M Ohara
    Chief Compliance Officer
  • Caleb Bousu
    Director
  • Nicholas Cecere
    Director
  • Tonia Gilchrist
    Chief Legal Officer & Secretary
  • Arika Johnson
    Director
  • Paul Johnston
    Director
  • Andrew Dylan Norgard
    Treasurer

Staff

  • 3,901 employees
  • 2,963 in advisory functions
  • 3,097 state-registered reps
  • 3,901 broker-dealer reps
  • 3,098 insurance agents
  • 1 soliciting firm

Fees

Thrivent Investment Management is paid through a percentage of assets under management and fixed fees (other than subscription fees).

Thrivent Investment 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 Investment Management has 1,226 offices, with 26 listed addresses across 17 states.

Listed office addresses by state

Minnesota · 3 listed addresses

  • 600 Portland Avenue South, MinneapolisHQ
  • 3000 County RD 42 West, Burnsville
  • 701 Xenia Ave. S., Golden Valley

Registration details

Legal name
Thrivent Investment Management Inc.
Headquarters
600 Portland Avenue South, Minneapolis, MN 55415
Phone
800-847-4836
Website
www.thrivent.com
SEC file
801-29618
Structure
Delaware corporation
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 Investment Management have?

Thrivent Investment Management has 125,754 clients and manages $20.8 billion for them, as of September 2026. They include 106,954 other individuals, 17,692 high-net-worth individuals and 819 corporations and other businesses.

Source: Form ADV Part 1A, Items 5.D and 5.F, filed 30 September 2026

What services does Thrivent Investment Management offer?

Thrivent Investment Management provides financial planning and portfolio management for individuals and small businesses.

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

How many financial advisors does Thrivent Investment Management have?

Thrivent Investment Management has 3,097 investment adviser representatives registered with state securities authorities, out of 3,901 employees, and 2,963 perform investment advisory functions. 3,901 are registered representatives of a broker-dealer and 3,098 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 Investment Management invest in?

At the end of its last fiscal year, Thrivent Investment Management’s separately managed accounts held 52% exchange-traded equities, 42% registered funds (mutual funds, ETFs, BDCs), 5% cash and equivalents and 1% state and local bonds. It advises no private funds of its own.

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

Who owns Thrivent Investment Management?

Thrivent Investment 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 30 September 2026

How does Thrivent Investment Management get paid?

Thrivent Investment Management is paid through a percentage of assets under management 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

Sources

  1. Form ADV Part 1A, amendment filed 30 September 2026. Items 1, 5, 9, 11 and Schedules A, B and D.
  2. IAPD firm record, CRD 18387.

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 Investment Management Inc. 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.