Thrivent Financial For Lutherans is a large advisory firm based in Minneapolis. It manages $100.89 billion of regulatory assets for 62 client accounts. It has been registered with the SEC as an adviser since 2003 and has operated in the jurisdictions of Delaware, Minnesota, and Wisconsin.
Thrivent Financial For Lutherans provides portfolio management for investment companies, portfolio management for pooled investment vehicles, and portfolio management for businesses and institutional clients. It doesn't provide financial planning services to its clients. On top of advisory services, the firm doesn't engage in other business activities.
The assets under management (AUM) of Thrivent Financial For Lutherans is $100.89 billion, all of which is managed in discretionary accounts. The firm's AUM has grown by 1251% since the beginning of its operation, and the company doesn't manage any assets belonging to foreign clients.
The advisory firm has several streams of revenue. Clients pay Thrivent Financial For Lutherans for their services and products based on a percentage of assets under management and performance-based 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.
The firm provides services to investment companies and pooled investment vehicles. The largest group of clients of Adrian Martha Tocklin is investment companies with 30 clients and $30.02 billion of assets under management. Among the 12 most similar advisory firms, Thrivent Financial For Lutherans has the 5th highest percentage of investment companies out of all clients.
The amount of regulatory assets under management is $36.4 billion for 58 clients. None of the firm’s clients are foreign persons or businesses.
Thrivent Financial For Lutherans also advises several private funds. Namely, one other private fund and twenty seven private equity funds. The minimum investment commitment required of non-related persons ranges from $0 to $50,000.
The company employs 3,988 people that are either part- or full-time employees. 3 percent of the employees work as investment advisers or researchers. 351 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 don’t receive compensation from other entities for client referrals.
Adrian Martha Tocklin has been acting as President since 1 Feb 2003. David Scott Royal has served as the Chief Investment Officer since 1 Jul 2017. Christina Alma Smith joined the executive team most recently as the Senior Vice President And Chief Human Resources Officer.
The principal office where Thrivent Financial For Lutherans 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 Appleton, WI. 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 8am-5pm on Monday - Friday. You can find more information about the New York firm at thrivent.com.