Thrivent Investment Management Inc. (Minneapolis)

Name: Thrivent Investment Management Inc.
Address: 625 Fourth Avenue South, Minneapolis, MN, 55415 1665
Telephone: 800-847-4836

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

Name	Entity	Date acquired	Ownership	Employer ID
Inc. Thrivent Financial Holdings	Owner	1 Aug 1986	75% - 100%	39-1559369
Inc. Aal Holdings	Owner	1 Aug 1986	75% - 100%	39-1559369
Thomas Robert Mischka	Vice president	1 Oct 1998	Other	3134028
Michael Joseph Mevis	Vice president	1 Apr 1999	Other	1676196
Charles Dennis Gariboldi	Vice president	1 Jul 1999	Other	1900078
Marnie Louise Loomansthuecks	Vice president	1 Jul 1999	Other	1838802
David Charles Francis	Vice president	1 Jan 2001	Other	2031606
Brett Lee Agnew	Assistant secretary	1 Oct 2001	Other	3211821
Bruce Jay Nicholson	President	1 May 2002	Other	2200207
Woodrow Eugene Eno	Senior vice president and secretary	1 Jul 2002	Other	1038576
Robert Gary Same	Vice president and chief compliance officer	1 Jul 2002	Other	409705
James Herman Abitz	Senior vice president and chief investment officer	1 Jul 2002	Other	3070224
Jon Michael Stellmacher	Senior vice president	1 Jul 2002	Other	3134024
Jeffrey Russell Kargus	Vice president and chief financial officer	1 Jul 2002	Other	3117722
Brian William Picard	Vice president and deputy chief compliance officer	1 Jul 2002	Other	2402575
Reginald Lee Pfeifer	Vice president	1 Jul 2002	Other	4018479
Pamela J Moret	Senior vice president	1 Jul 2002	Other	1092043
John Oren Gilbert	Chairman	1 Jul 2002	Other	2088601
James Adlai Thomsen	Senior vice president	1 Jul 2002	Other	1510675
Lawrence Wayne Stranghoener	Senior vice president	1 Jul 2002	Other	714682
James Edwin Nelson	Vice president and assistant secretary	1 Jul 2002	Other	xxx-xx-xxxx
Frederick Paul Johnson	Vice president	1 Jul 2002	Other	1758326
Brenda Jo Pederson	Vice president	1 Jul 2002	Other	1758337
David John Christianson	Vice president	1 Jul 2002	Other	3087516
Marlene Joy Nogle	Assistant secretary	1 Jul 2002	Other	3248695
John Carl Bjork	Assistant secretary	1 Jul 2002	Other	2861867
Rodney Alan Dewalt	Assistant secretary	1 Jul 2002	Other	4121543
Peter Eric Schifsky	Assistant secretary	1 Jul 2002	Other	2840572
Cindy Renee Hedgers	Assistant vice president	1 Jul 2002	Other	709739
Michael Barth	Assistant vice president	1 Jul 2002	Other	xxx-xx-xxxx
Lewis Alexander Bohannon	Assistant vice president	1 Jul 2002	Other	2689982
Brian James Flanagan	Assistant vice president	1 Jul 2002	Other	3221775
James Anthony Grossman	Assistant vice president	1 Jul 2002	Other	2876185
Michael Robert Hochholzer	Assistant vice president	1 Jul 2002	Other	2878493
Frederick Louis Jr Plautz	Assistant vice president	1 Jul 2002	Other	2674916
Kevin Arthur Schmitting	Assistant vice president	1 Jul 2002	Other	1095454
Christopher John Serra	Assistant vice president	1 Jul 2002	Other	2290545
Andrea J Thomas	Assistant vice president	1 Jul 2002	Other	xxx-xx-xxxx
Brian Lee Thorkelson	Assistant vice president	1 Jul 2002	Other	xxx-xx-xxxx
Scott Alan Vergin	Assistant vice president	1 Jul 2002	Other	xxx-xx-xxxx
Scott Lalim	Assistant vice president	1 Jul 2002	Other	xxx-xx-xxxx
Janet I Grangaard	Assistant vice president	1 Jul 2002	Other	xxx-xx-xxxx
Michael Gerald Landreville	Assistant vice president	1 Jul 2002	Other	xxx-xx-xxxx
Steven Hc Lee	Assistant vice president	1 Jul 2002	Other	xxx-xx-xxxx
Gail Ruth Onan	Assistant vice president	1 Jul 2002	Other	xxx-xx-xxxx
Paul James Ocenasek	Assistant vice president	1 Jul 2002	Other	xxx-xx-xxxx
John P Pickering	Assistant vice president	1 Jul 2002	Other	xxx-xx-xxxx
Michael D Swendsen	Assistant vice president	1 Jul 2002	Other	xxx-xx-xxxx
Gregory Richard Anderson	Assistant vice president	1 Jul 2002	Other	4327843
Mark Lien Simenstad	Assistant vice president	1 Jul 2002	Other	xxx-xx-xxxx
Alan Douglas Onstad	Assistant vice president	1 Jul 2002	Other	4017523
Conrad E Smith	Assistant vice president	1 Jul 2002	Other	xxx-xx-xxxx
John Hintz	Assistant vice president	1 Jul 2002	Other	xxx-xx-xxxx
Laura Louise Gearhart	Assistant vice president	1 Jul 2002	Other	1027455
Pamela Joyce Moret	Senior vice president	1 Jul 2002	Other	1092043
Michael John Barth	Assistant vice president	1 Jul 2002	Other	xxx-xx-xxxx
Andrea Jane Thomas	Assistant vice president	1 Jul 2002	Other	xxx-xx-xxxx
Scott Allen Lalim	Assistant vice president	1 Jul 2002	Other	xxx-xx-xxxx
Janet Irene Grangaard	Assistant vice president	1 Jul 2002	Other	xxx-xx-xxxx
Steven Harris Causton Lee	Assistant vice president	1 Jul 2002	Other	xxx-xx-xxxx
John Patrick Pickering	Assistant vice president	1 Jul 2002	Other	xxx-xx-xxxx
Michael David Swendsen	Assistant vice president	1 Jul 2002	Other	xxx-xx-xxxx
John Elmer Hintz	Assistant vice president	1 Jul 2002	Other	xxx-xx-xxxx
Randall Lee Boushek	Senior vice president	1 Apr 2003	Other	xxx-xx-xxxx
Douglas Harold Ahrenstorff	Vice president	1 Apr 2003	Other	xxx-xx-xxxx
Katie Sue Kloster	Vice president	1 Apr 2003	Other	xxx-xx-xxxx
Thomas Craig Britton	Vice president	1 Apr 2003	Other	xxx-xx-xxxx
John Eric Hite	Vice president and deputy chief compliance officer	1 Apr 2003	Other	xxx-xx-xxxx
Richard Jerome Kleven	Vice president	1 Apr 2003	Other	xxx-xx-xxxx
Douglas Brian Miller	Vice president	1 Apr 2003	Other	xxx-xx-xxxx
Richard Barton Ruckdashel	Vice president	1 Apr 2003	Other	xxx-xx-xxxx
Thomas Carl Schinke	Vice president	1 Apr 2003	Other	xxx-xx-xxxx
Nikki Lou Sorum	Vice president	1 Apr 2003	Other	xxx-xx-xxxx
Terry William Timm	Vice president	1 Apr 2003	Other	xxx-xx-xxxx
David Lee Westmark	Vice president	1 Apr 2003	Other	xxx-xx-xxxx
Anita Jt Young	Vice president	1 Apr 2003	Other	xxx-xx-xxxx
Roxanne Marie Cadle	Director	1 Apr 2003	Other	xxx-xx-xxxx
Barbara Gail Foote	Director	1 Apr 2003	Other	xxx-xx-xxxx
Joy Ann Hanson	Director	1 Apr 2003	Other	xxx-xx-xxxx
Susan Jane Hodgson	Director	1 Apr 2003	Other	xxx-xx-xxxx
Michael John Haglin	Vice president	1 Apr 2003	Other	xxx-xx-xxxx
Katie Sue Kloster	Vice president, chief financial officer	1 Nov 2003	Other	xxx-xx-xxxx
Brian William Picard	Director and deputy chief compliance officer	1 Jan 2004	Other	2402575
John Eric Hite	Vice president and chief compliance officer	1 Jan 2004	Other	xxx-xx-xxxx
Russell William Swansen	Senior vice-president and chief investment officer	1 Jan 2004	Other	1522936
William Donnay Stouten	Assitant vice-president	1 Jan 2004	Other	xxx-xx-xxxx
Rand Everett Mattsson	Director, portfolio compliance	1 Jan 2004	Other	1813817
Kurt Sander Tureson	Director of affiliate financial management corporate accounting, cfo & treasurer	1 Nov 2004	Other	1758373
Katie Sue Kloster	Vice president and rule 206(4)-7 chief compliance officer	1 Nov 2004	Other	xxx-xx-xxxx
Randall Lee Boushek	Director	1 Jan 2005	Other	4120176
Cynthia Jean Nigbur	Assistant secretary	1 Jan 2005	Other	xxx-xx-xxxx
Brian William Picard	Assistant vice president and deputy chief compliance officer	1 Jan 2005	Other	xxx-xx-xxxx
David Mark Anderson	Director	1 Jan 2005	Other	xxx-xx-xxxx
James Adlai Thomsen	Director and president	1 Feb 2005	Other	1510675
Nikki Lou Sorum	Director and senior vice president	1 Feb 2005	Other	xxx-xx-xxxx
Stephanie Reigh Kircher	Assistant secretary	1 Feb 2005	Other	1512774
David Raphael Spangler	Assistant vice president	1 Feb 2005	Other	xxx-xx-xxxx
Wendy Ann Clausz	Assistant secretary	1 Feb 2005	Other	xxx-xx-xxxx
Sandra Ann Diedrick	Assistant secretary	1 Feb 2005	Other	xxx-xx-xxxx
Kenneth Lee Kirchner	Assistant secretary	1 Feb 2005	Other	xxx-xx-xxxx
Jennifer Rechlitz Relien	Assistant secretary	1 Feb 2005	Other	xxx-xx-xxxx
Cynthia Jean Nigbur	Assistant secretary	1 Feb 2005	Other	xxx-xx-xxxx
Lyle James Hilker	Vice president	1 Feb 2005	Other	xxx-xx-xxxx
Janice Marie Guimond	Vice president	1 Feb 2005	Other	xxx-xx-xxxx
Thomas Merle Kopatz	Vice president	1 Nov 2005	Other	xxx-xx-xxxx
Kevin James Larson	Asistant secretary	1 Nov 2005	Other	xxx-xx-xxxx
Vernon Lee Hanson	Vice president	1 Nov 2005	Other	xxx-xx-xxxx
Brian William Picard	Privacy & anti-money laundering officer	1 Dec 2005	Other	xxx-xx-xxxx
Steven Roy Wendt	Vice president & chief compliance officer	1 Jan 2006	Other	1936967
Jennifer Jill Pope	Assistant secretary	1 Apr 2006	Other	4094490
Nikki Lou Sorum	Senior vice president and director	1 Jul 2006	Other	1184636
Christopher Joseph Kopka	Vice president and chief compliance officer	1 Jul 2006	Other	4313312
Katie Sue Kloster	Vice president	1 Jul 2006	Other	1758354
Park Gordon Iii Jarrett	Vice president	1 Jul 2006	Other	1583293
David Jacob Kloster	Assistant vice president	1 Jul 2006	Other	2523240
Karl Dayton Anderson	Vice president	1 Oct 2006	Other	4423411
Nancy Ann Jansen	Vice president	1 Oct 2006	Other	4215666
Knut Andrew Olson	Vice president	1 Oct 2006	Other	2191227
Jennifer Michelle Fernjack	Assistant secretary & crop	1 Jun 2007	Other	2455948
Erik Jon Grinde	Assistant vice president	1 Nov 2007	Other	1999986
Andrea Corin Golis	Chief compliance officer	1 Feb 2008	Other	1401462
Eric Wayne Verseman	Vice president	1 May 2008	Other	1262854
Karen Lynn Larson	Director and vice president	1 Jan 2009	Other	4122142
Carolyn Ann Tuohy	Chief legal officer and secretary	1 Sep 2009	Other	2620980
Bruce William Maisel	Chief legal officer and secretary	1 Mar 2011	Other	1092397
Carolyn A Tuohy	Chief legal officer & secretary	1 Feb 2012	Other	2620980
Karen Lynn Larson	Director and president	1 Feb 2013	Other	4122142
Knut Andrew Olson	Director and senior vice president	1 Feb 2013	Other	2191227
James Adlai Thomsen	Director and senior vice president	1 Feb 2013	Other	1510675
Peter James Bado	Chief legal officer & secretary	1 Nov 2014	Other	2844308
Michael Jay Fuehrmeyer	Director and vice president	1 Dec 2015	Other	1584425
Thomas Lindberg Young	Director and vice president	1 Jan 2017	Other	3073410
Timothy Sean Meehan	Chief legal officer & secretary	1 Apr 2018	Other	1492218

Indirect Owners

The SEC currently registers 1 indirect owner.

Name	Entity	Date acquired	Ownership	Employer ID
Thrivent Financial For Lutherans	Shareholder	1 Aug 1986	75% - 100%	39-0123480

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.