# Thrivent Investment Management Inc.

> Thrivent Investment Management Inc. is an SEC-registered investment advisory firm in Minneapolis, MN, registered since 1987, reporting over $5 billion in regulatory assets under management in its Form ADV filing dated September 30, 2026.

- CRD: 18387
- Filed as: THRIVENT INVESTMENT MANAGEMENT INC.
- Registration: SEC-registered investment adviser (status as filed: Approved)
- Location: Minneapolis, MN
- Filing period: October 2026
- Form ADV filing dated: September 30, 2026
- SEC record (IAPD): https://adviserinfo.sec.gov/firm/summary/18387
- AdvisorCensus page: https://advisorcensus.com/firm/thrivent-investment-management-inc-minneapolis-mn-18387

## Quick answers

**How is Thrivent Investment Management Inc. compensated?**
On its Form ADV (Item 5.E, October 2026), Thrivent Investment Management Inc. reports these compensation arrangements: a percentage of assets under its management; fixed fees (other than subscription fees).

**Where is Thrivent Investment Management Inc. located?**
Thrivent Investment Management Inc.'s principal office is in Minneapolis, MN, according to its Form ADV; the October 2026 filing also lists 25 other offices (Schedule D, Section 1.F).

**Is Thrivent Investment Management Inc. registered with the SEC or a state?**
Thrivent Investment Management Inc. is an SEC-registered investment advisory firm, registered since 1987. Status as filed: Approved. CRD 18387.

**How much does Thrivent Investment Management Inc. manage?**
Thrivent Investment Management Inc. reports $20,769,867,010 in regulatory assets under management in its Form ADV filing dated September 30, 2026 (46% discretionary).

**How have Thrivent Investment Management Inc.'s assets and staff changed since 2021?**
In the Form ADV data for Thrivent Investment Management Inc.: Regulatory assets under management: $10,688,804,761 in the October 2021 data and $20,769,867,010 in the October 2026 data, up 94%. Total employees: 3,610 in October 2021 and 3,901 in October 2026. Assets under management move with markets as well as with clients coming and going.

**What types of clients does Thrivent Investment Management Inc. serve?**
By number of clients on Form ADV Item 5.D: individuals (other than high net worth individuals) (106,954); high net worth individuals (17,692); corporations or other businesses not listed above (819).

**Does Thrivent Investment Management Inc. report any disciplinary disclosures?**
Reports 10 disclosure items on Form ADV Item 11: yes answers to 2 questions about criminal matters and 8 questions about regulatory matters (11.A(1), 11.B(1), 11.C(2), 11.C(4), 11.C(5), 11.D(1), 11.D(2), 11.D(4), 11.D(5), 11.E(2)). 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/18387

**What changed in Thrivent Investment Management Inc.'s recent Form ADV filings?**
In the September 2026 filing data: 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
- Fixed fees (other than subscription fees)

### Regulatory assets under management (Item 5.F)
- Total: $20,769,867,010
- Discretionary: $9,475,993,531
- Non-discretionary: $11,293,873,479

### Clients (Item 5.D)

| Client type | Clients | Assets |
| --- | --- | --- |
| Individuals (other than high net worth individuals) | 106,954 | $8,894,549,347 |
| High net worth individuals | 17,692 | $11,397,947,663 |
| Banking or thrift institutions | Fewer than 5 | Not reported |
| Pension and profit sharing plans (but not the plan participants or government pension plans) | Fewer than 5 | $6,304,256 |
| Charitable organizations | Fewer than 5 | Not reported |
| State or municipal government entities (including government pension plans) | Fewer than 5 | Not reported |
| Other investment advisers | Fewer than 5 | Not reported |
| Insurance companies | Fewer than 5 | Not reported |
| Sovereign wealth funds and foreign official institutions | Fewer than 5 | Not reported |
| Corporations or other businesses not listed above | 819 | $373,815,828 |
| Other | 289 | $97,249,916 |

### Advisory services (Item 5.G)
- Financial planning services
- Portfolio management for individuals and/or small businesses

### Firm details
- Registered since: 1987 (39 years)
- Employees: 3,901 total, 2,963 performing advisory functions
- Wrap fee program participation: Yes
- States registered or notice-filed: AK, AL, AR, AZ, CA, CO, CT, DC, DE, FL, GA, HI, IA, ID, IL, IN, KS, KY, LA, MA, MD, ME, MI, MN, MO, MS, MT, NC, ND, NE, NH, NJ, NM, NV, NY, OH, OK, OR, PA, RI, SC, SD, TN, TX, UT, VA, VT, WA, WI, WV, WY
- Disclosures (Item 11): Reports 10 disclosure items on Form ADV Item 11.

### Item 11 questions answered yes
- 11.A(1): In the past ten years, has the firm or an advisory affiliate been convicted of, or pleaded guilty or no contest to, a felony?
- 11.B(1): In the past ten years, has the firm or an advisory affiliate been convicted of, or pleaded guilty or no contest to, a misdemeanor involving investments or an investment-related business, fraud, false statements or omissions, wrongful taking of property, bribery, perjury, forgery, counterfeiting, extortion, or a conspiracy to commit any of these?
- 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(1): Has another federal regulator, a state regulator, or a foreign financial regulator ever found that the firm or an advisory affiliate made a false statement or omission, or was dishonest, unfair, or unethical?
- 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.D(5): Has another federal regulator, a state regulator, or a foreign financial regulator ever denied, suspended, or revoked the registration or license of the firm or an advisory affiliate, prevented either by order from associating with an investment-related business, or restricted either one's 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/18387

### Other offices (Schedule D, Section 1.F), as of the October 2026 filing
- Allen, TX
- Allison Park, PA
- Appleton, WI
- Atlanta, GA
- Bellevue, WA
- Boise, ID
- Burnsville, MN
- Carmel, IN
- Cedarburg, WI
- Chicago, IL
- Colorado Springs, CO
- Del Mar, CA
- Downers Grove, IL
- Glendale, CA
- Golden Valley, MN
- Greenwood Village, CO
- Irvine, CA
- Johnston, IA
- Las Vegas, NV
- Nashville, TN
- Overland Park, KS
- Raleigh, NC
- Spokane, WA
- St. Louis, MO
- Waukesha, WI

### Websites listed on Form ADV (Item 1.I)
- thrivent.com
- Facebook @THRIVENT
- Instagram @THRIVENT
- LinkedIn @thrivent
- TikTok @thrivent
- YouTube @UC4EahwEqkPQJIekP8qLebjQ

## Assets and staff over time

| Data period | Regulatory assets under management | Employees | Filing dated |
| --- | --- | --- | --- |
| October 2021 | $10,688,804,761 | 3,610 | August 31, 2021 |
| October 2022 | $13,498,118,219 | 3,507 | August 25, 2022 |
| October 2023 | $12,490,022,666 | 3,548 | July 3, 2023 |
| October 2024 | $14,813,761,600 | 3,596 | August 13, 2024 |
| October 2025 | $17,499,525,490 | 3,846 | June 30, 2025 |
| October 2026 | $20,769,867,010 | 3,901 | September 30, 2026 |

Regulatory assets under management: $10,688,804,761 in the October 2021 data and $20,769,867,010 in the October 2026 data, up 94%.
Total employees: 3,610 in October 2021 and 3,901 in October 2026.

## Changes in the filing (last 12 months)

### September 2026
- Updated its list of owners and control persons (Schedule A).

### April 2026
- Employees performing advisory functions went from 2774 to 2963.
- Regulatory assets under management went from $17,499,525,490 to $20,769,867,010 (+19%).
- Changed its office addresses in Appleton, WI.
- Added an office in Atlanta, GA.
- Added an office in Colorado Springs, CO.
- Added an office in Johnston, IA.
- Added an office in Overland Park, KS.
- Added an office in Spokane, WA.
- No longer lists an office in Charlotte, NC.
- No longer lists an office in Eagan, MN.
- No longer lists an office in Minneapolis, MN.
- No longer lists an office in Omaha, NE.
- No longer lists an office in Scottsdale, AZ.

### March 2026
- Item 11 disclosure answers changed: 10 yes answers, previously 9 (now yes: 11.B(1)).

### December 2025
- Item 11 disclosure answers changed: 9 yes answers, previously 10 (now no: 11.B(1)).
- 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 Investment Management Inc. (CRD 18387): Form ADV filing data as of October 2026.