# Thrivent Financial for Lutherans

> Thrivent Financial for Lutherans is an SEC-registered investment advisory firm in Minneapolis, MN, registered since 2001, reporting over $5 billion in regulatory assets under management in its Form ADV filing dated June 17, 2026.

- CRD: 115785
- Filed as: THRIVENT FINANCIAL FOR LUTHERANS
- Also doing business as: THRIVENT, THRIVENT FINANCIAL
- Registration: SEC-registered investment adviser (status as filed: Approved)
- Location: Minneapolis, MN
- Filing period: October 2026
- Form ADV filing dated: June 17, 2026
- SEC record (IAPD): https://adviserinfo.sec.gov/firm/summary/115785
- AdvisorCensus page: https://advisorcensus.com/firm/thrivent-financial-for-lutherans-minneapolis-mn-115785

## Quick answers

**How is Thrivent Financial for Lutherans compensated?**
On its Form ADV (Item 5.E, October 2026), Thrivent Financial for Lutherans reports these compensation arrangements: a percentage of assets under its management; performance-based fees. The amounts are in Item 5 of its Form ADV Part 2A brochure.

**Where is Thrivent Financial for Lutherans located?**
Thrivent Financial for Lutherans' principal office is in Minneapolis, MN, according to its Form ADV; the July 2026 filing also lists 1 other office (Schedule D, Section 1.F).

**Is Thrivent Financial for Lutherans registered with the SEC or a state?**
Thrivent Financial for Lutherans is an SEC-registered investment advisory firm, registered since 2001. Status as filed: Approved. CRD 115785.

**How much does Thrivent Financial for Lutherans manage?**
Thrivent Financial for Lutherans reports $128,728,427,712 in regulatory assets under management in its Form ADV filing dated June 17, 2026 (100% discretionary).

**How have Thrivent Financial for Lutherans' assets and staff changed since 2021?**
In the Form ADV data for Thrivent Financial for Lutherans: Regulatory assets under management: $109,297,299,378 in the October 2021 data and $128,728,427,712 in the October 2026 data, up 18%. Total employees: 3,911 in October 2021 and 4,220 in October 2026. Assets under management move with markets as well as with clients coming and going.

**What types of clients does Thrivent Financial for Lutherans serve?**
By number of clients on Form ADV Item 5.D: investment companies (31); pooled investment vehicles (other than investment companies and business development companies) (1); pension and profit sharing plans (but not the plan participants or government pension plans) (1).

**Which custodians does Thrivent Financial for Lutherans use?**
Thrivent Financial for Lutherans' most recent Form ADV filing (Schedule D, Section 5.K(3)) lists State Street Bank and Trust Company as a custodian holding 10% or more of its separately managed account assets.

**Does Thrivent Financial for Lutherans report any disciplinary disclosures?**
Reports 6 disclosure items on Form ADV Item 11: yes answers to 11.C(2) (SEC or CFTC finding of a violation), 11.C(4) (SEC or CFTC order), 11.C(5) (SEC or CFTC civil money penalty or cease-and-desist order), 11.D(2) (another regulator's finding of a violation), 11.D(4) (another regulator's order in the past ten years), and 11.E(2) (self-regulatory organization's finding of a rule violation). Each question covers the firm and its advisory affiliates, and one event can produce several yes answers. The detail of any item is on the firm's SEC record: https://adviserinfo.sec.gov/firm/summary/115785

**What changed in Thrivent Financial for Lutherans' 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
- Performance-based fees

### Custodians (Schedule D, Section 5.K(3))
- State Street Bank and Trust Company

Custodians holding 10% or more of the firm's separately managed account assets, as filed on Form ADV (Schedule D, Section 5.K(3)). A custodian holds client assets; it does not endorse or supervise the firm. AdvisorCensus has no relationship with any custodian.

### Regulatory assets under management (Item 5.F)
- Total: $128,728,427,712
- Discretionary: $128,728,427,712
- Non-discretionary: $0

### Clients (Item 5.D)

| Client type | Clients | Assets |
| --- | --- | --- |
| Investment companies | 31 | $45,595,534,315 |
| Pooled investment vehicles (other than investment companies and business development companies) | 1 | $111,185,162 |
| Pension and profit sharing plans (but not the plan participants or government pension plans) | 1 | $1,240,145,182 |
| Other | 1 | $81,781,563,053 |

### Advisory services (Item 5.G)
- Portfolio management for individuals and/or small businesses
- Portfolio management for investment companies (and business development companies)
- Portfolio management for pooled investment vehicles (other than investment companies)
- Portfolio management for businesses (other than small businesses) or institutional clients

### Firm details
- Registered since: 2001 (24 years)
- Employees: 4,220 total, 155 performing advisory functions
- Wrap fee program participation: No
- States registered or notice-filed: DE, MN, WI
- Disclosures (Item 11): Reports 6 disclosure items on Form ADV Item 11.

### Item 11 questions answered yes
- 11.C(2): Has the SEC or the CFTC ever found that the firm or an advisory affiliate was involved in a violation of SEC or CFTC regulations or statutes?
- 11.C(4): Has the SEC or the CFTC ever entered an order against the firm or an advisory affiliate in connection with investment-related activity?
- 11.C(5): Has the SEC or the CFTC ever imposed a civil money penalty on the firm or an advisory affiliate, or ordered the firm or an advisory affiliate to cease and desist from an activity?
- 11.D(2): Has another federal regulator, a state regulator, or a foreign financial regulator ever found that the firm or an advisory affiliate was involved in a violation of investment-related regulations or statutes?
- 11.D(4): In the past ten years, has another federal regulator, a state regulator, or a foreign financial regulator entered an order against the firm or an advisory affiliate in connection with investment-related activity?
- 11.E(2): Has a self-regulatory organization or a commodities exchange ever found that the firm or an advisory affiliate was involved in a violation of its rules, other than a minor rule violation under a plan the SEC approved?

Each question covers the firm and its advisory affiliates: its current employees other than clerical staff, its officers, partners, and directors, and anyone who controls the firm or is controlled by it. One event can produce yes answers to several questions. SEC-registered advisers and exempt reporting advisers may leave out events more than ten years old, and may answer 11.A(2) and 11.B(2) for pending charges only. The detail of each yes answer is on the firm's SEC record: https://adviserinfo.sec.gov/firm/summary/115785

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

### Websites listed on Form ADV (Item 1.I)
- livegenerously.com
- thrivent.com
- thriventportfolios.com
- thriventprivateinvestments.com
- Facebook @THRIVENT
- Instagram @THRIVENT
- LinkedIn @thrivent
- Pinterest @THRIVENT
- X @THRIVENT
- YouTube @THRIVENTFINANCIAL

## Assets and staff over time

| Data period | Regulatory assets under management | Employees | Filing dated |
| --- | --- | --- | --- |
| October 2021 | $109,297,299,378 | 3,911 | August 31, 2021 |
| October 2022 | $122,633,144,003 | 3,981 | July 19, 2022 |
| October 2023 | $117,569,820,349 | 3,940 | August 1, 2023 |
| October 2024 | $121,600,874,152 | 4,167 | July 26, 2024 |
| October 2025 | $141,110,380,383 | 4,274 | July 24, 2025 |
| October 2026 | $128,728,427,712 | 4,220 | June 17, 2026 |

Regulatory assets under management: $109,297,299,378 in the October 2021 data and $128,728,427,712 in the October 2026 data, up 18%.
Total employees: 3,911 in October 2021 and 4,220 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 Financial for Lutherans (CRD 115785): Form ADV filing data as of October 2026.