# Thrivent Asset Management, LLC

> Thrivent Asset Management, LLC is an SEC-registered investment advisory firm in Minneapolis, MN, registered since 2005, reporting over $5 billion in regulatory assets under management in its Form ADV filing dated March 31, 2026.

- CRD: 137751
- Filed as: THRIVENT ASSET MANAGEMENT, LLC
- Registration: SEC-registered investment adviser (status as filed: Approved)
- Location: Minneapolis, MN
- Filing period: October 2026
- Form ADV filing dated: March 31, 2026
- SEC record (IAPD): https://adviserinfo.sec.gov/firm/summary/137751
- AdvisorCensus page: https://advisorcensus.com/firm/thrivent-asset-management-llc-minneapolis-mn-137751

## Quick answers

**How is Thrivent Asset Management, LLC compensated?**
On its Form ADV (Item 5.E, October 2026), Thrivent Asset Management, LLC reports these compensation arrangements: a percentage of assets under its management.

**Where is Thrivent Asset Management, LLC located?**
Thrivent Asset Management, LLC's principal office is in Minneapolis, MN, according to its Form ADV; the April 2026 filing also lists 1 other office (Schedule D, Section 1.F).

**Is Thrivent Asset Management, LLC registered with the SEC or a state?**
Thrivent Asset Management, LLC is an SEC-registered investment advisory firm, registered since 2005. Status as filed: Approved. CRD 137751.

**How much does Thrivent Asset Management, LLC manage?**
Thrivent Asset Management, LLC reports $47,988,931,706 in regulatory assets under management in its Form ADV filing dated March 31, 2026 (100% discretionary).

**How have Thrivent Asset Management, LLC's assets and staff changed since 2021?**
In the Form ADV data for Thrivent Asset Management, LLC: Regulatory assets under management: $24,231,029,233 in the October 2021 data and $47,988,931,706 in the October 2026 data, up 98%. Total employees: 431 in October 2021 and 426 in October 2026. Assets under management move with markets as well as with clients coming and going.

**What types of clients does Thrivent Asset Management, LLC serve?**
By number of clients on Form ADV Item 5.D: investment companies (31).

**Does Thrivent Asset Management, LLC report any disciplinary disclosures?**
Reports no disclosure items on Form ADV Item 11. The detail of any item is on the firm's SEC record: https://adviserinfo.sec.gov/firm/summary/137751

**What changed in Thrivent Asset Management, LLC's recent Form ADV filings?**
In the April 2026 filing data: Employees performing advisory functions went from 152 to 155. Updated its list of owners and control persons (Schedule A).

## From the Form ADV filing

### Compensation (Item 5.E)
- A percentage of assets under your management

### Regulatory assets under management (Item 5.F)
- Total: $47,988,931,706
- Discretionary: $47,988,931,706
- Non-discretionary: $0

### Clients (Item 5.D)

| Client type | Clients | Assets |
| --- | --- | --- |
| Investment companies | 31 | $47,988,931,706 |

### Advisory services (Item 5.G)
- Portfolio management for investment companies (and business development companies)
- Other

### Firm details
- Registered since: 2005 (20 years)
- Employees: 426 total, 155 performing advisory functions
- Wrap fee program participation: No
- States registered or notice-filed: MN, WI
- Disclosures (Item 11): Reports no disclosure items on Form ADV Item 11.

### Other offices (Schedule D, Section 1.F), as of the April 2026 filing
- Appleton, WI

### Websites listed on Form ADV (Item 1.I)
- advisors-market360.simplecast.com
- assettv.com/channel/thrivent-asset-management
- fp.thriventfunds.com
- music.amazon.com/podcasts/6daf237b-f515-48f1-8941-2ce65e04aef1/advisor's-market360™
- open.spotify.com/show/4A0VZfg9QfOtIeVXYESaFt
- podcasts.apple.com/us/podcast/advisors-market360/id1557330578
- thrivent.com
- thriventfunds.com
- Facebook @THRIVENT
- Facebook @ThriventFunds
- Instagram @THRIVENT
- LinkedIn @THRIVENT
- LinkedIn @thrivent-asset-management
- Pinterest @THRIVENT
- X @THRIVENT
- YouTube @THRIVENTFINANCIAL
- YouTube @UC79dG6lUHttDhK2G6D4p9pw

## Assets and staff over time

| Data period | Regulatory assets under management | Employees | Filing dated |
| --- | --- | --- | --- |
| October 2021 | $24,231,029,233 | 431 | March 31, 2021 |
| October 2022 | $29,166,664,885 | 423 | July 19, 2022 |
| October 2023 | $25,420,910,764 | 450 | August 1, 2023 |
| October 2024 | $30,310,955,626 | 431 | March 28, 2024 |
| October 2025 | $46,815,882,100 | 450 | March 31, 2025 |
| October 2026 | $47,988,931,706 | 426 | March 31, 2026 |

Regulatory assets under management: $24,231,029,233 in the October 2021 data and $47,988,931,706 in the October 2026 data, up 98%.
Total employees: 431 in October 2021 and 426 in October 2026.

## Changes in the filing (last 12 months)

### April 2026
- Employees performing advisory functions went from 152 to 155.
- Updated its list of owners and control persons (Schedule A).

## Source

Form ADV as filed, October 2026. Values appear as filed. Cite as: AdvisorCensus. Thrivent Asset Management, LLC (CRD 137751): Form ADV filing data as of October 2026.