Wealth manager, bank-affiliated · Minneapolis, MN
Thrivent Advisor Network, LLC
SEC-registered investment adviser · CRD 304569 · SEC 801-117013
At a glance
Thrivent Advisor Network, LLC is an SEC-registered investment adviser based in Minneapolis, Minnesota, with $6.8B in regulatory assets under management as of its Form ADV filed June 25, 2026. It reports 14,611 individual clients, 1,481 of them high-net-worth, holding an average of about $0.5 million each, and 119 employees. That ranks it 156th among the nation’s 5,657 independent wealth management RIAs and 3rd of 140 in Minnesota. It reports 2 custodians for its clients’ separately managed accounts: Fidelity and Charles Schwab.
Main office 612-844-8444thriventadvisornetwork.comLinkedInAs filed on Form ADV
- Regulatory AUM
- $6.8B
- Rank among independent wealth managers
- #156 of 5,657
- Rank among all SEC RIAs
- #1,726 of 17,210
- Rank in Minnesota
- #3 of 140
- Individual clients
- 14,611
- High-net-worth clients
- 1,481
- Accounts
- 25,415
- Discretionary
- 99% of AUM
- Employees
- 119
- Advisory staff
- 119
- Offices
- 28
Owners and executives on its Form ADV
- Tonia Nicole James GilchristChief Legal Officer & Secretary
- Paul Roberts JohnstonElected Manager
- David BelotteChief Compliance Officer
- Nicholas M CecereElected Manager
- Juli WilderVice President
- Douglas E. GroveVice President
- Kari K MarschTreasurer
- Arika Viktoria JohnsonElected Manager and President
- Caleb Anthony BousuElected Manager
- Matthew J. ArmstrongAssociate Vice President
- Rodney D. BaconAssistant Treasurer
Custody and brokerage
Broker-dealer
Hybrid RIA
Thrivent Advisor Network, LLC is a hybrid RIA: 84 of its employees are also registered representatives of a broker-dealer. It names affiliated broker-dealers: Thrivent Distributors, LLC and Thrivent Investment Management Inc..
- Thrivent Distributors, LLC ↗CRD 179512
- Thrivent Investment Management Inc. ↗CRD 18387
Its Form ADV brochure (filed March 2026) names Thrivent Investment Management as the broker-dealer its advisers are registered with.
Certain Advisory Persons are registered representatives of Thrivent Investment Management Inc.
Who it serves
| Client type | Clients | Regulatory AUM | Share |
|---|---|---|---|
| Individuals | 13,130 | $3.7B | 55% |
| High-net-worth individuals | 1,481 | $3.0B | 43% |
| Charitable organizations | 62 | $94M | 1% |
| Corporations or other businesses | 59 | $40M | <1% |
| Pension and profit sharing plans | – | $10M | <1% |
Disciplinary disclosures
Thrivent Advisor Network, LLC reports no disciplinary disclosures in Item 11 of Form ADV. Read the details on the SEC’s adviser search ↗
Services
- Financial planning
- Portfolio management for individuals and small businesses
- Pension consulting
- Selecting other advisers
- Educational seminars and workshops
How it’s paid
- A percentage of assets under management
- Hourly charges
- Fixed fees
Form ADV and brochures on the SEC’s adviser search ↗thriventadvisornetwork.com ↗
AtlasMembers
The full record on Thrivent Advisor Network, LLC
Ten years of SEC filings, its owners and contacts, and how it stacks up against its peers. Atlas members see all of it.
- Assets, accounts, clients and staff, 6 years of filings
- Locked
- Growth over one, three and five years
- Locked
- Rank against 605 peers of its type and size
- Locked
- Owners and executives, with titles and stakes
- 11 namedLocked
- Main office, fax and compliance officer
- Locked
- Filing changes this year, with alerts
- 4Locked
Free while Atlas launches: create a free account and confirm your email. Every figure comes from SEC filings.
Similar-size RIAs in Minnesota
All of Minnesota →| Firm | Regulatory AUM | Clients |
|---|---|---|
| Wealth Enhancement Advisory Services, LLCPlymouth | $122B | 80,986 |
| Fiduciary Counselling IncSt Paul | $10B | 1,645 |
| Focus FinancialMinneapolis | $6.8B | 13,560 |
| RiverbridgeMinneapolis | $5.0B | 3,482 |
| Accredited Investors Wealth ManagementEdina | $4.4B | 942 |
| Advisornet Wealth PartnersMinnetonka | $3.1B | 3,499 |
Compare Thrivent Advisor Network, LLC with
- Thrivent Advisor Network, LLC vs Fiduciary Counselling Inc $10B · St Paul, MN
Background
Questions
How much does Thrivent Advisor Network, LLC manage?
Thrivent Advisor Network, LLC reports $6.8B in regulatory assets under management across 25,415 accounts, 99% of it on a discretionary basis, on its Form ADV filed June 25, 2026.
How many clients does Thrivent Advisor Network, LLC have?
It reports 14,611 individual clients: 1,481 high-net-worth individuals and 13,130 other individuals. Individuals account for about 98% of its regulatory assets.
Where is Thrivent Advisor Network, LLC headquartered?
Its main office is in Minneapolis, Minnesota. It reports 28 offices in total and 119 employees, 119 of whom perform investment advisory functions.
How does Thrivent Advisor Network, LLC charge clients?
On Form ADV it lists these forms of compensation: a percentage of assets under management; hourly charges; fixed fees. Fees and minimums are set out in its Form ADV Part 2A brochure, available on the SEC’s adviser search.
What custodian does Thrivent Advisor Network, LLC use?
It reports 2 custodians for its clients’ separately managed accounts: Fidelity and Charles Schwab. On Schedule D of its Form ADV filed June 25, 2026, it reports these amounts held: Fidelity ($5.7B); Charles Schwab ($1.2B). Form ADV lists only custodians holding 10% or more of separately managed account assets.
Is Thrivent Advisor Network, LLC a hybrid RIA with a broker-dealer?
Thrivent Advisor Network, LLC is a hybrid RIA: 84 of its employees are also registered representatives of a broker-dealer. It names affiliated broker-dealers: Thrivent Distributors, LLC and Thrivent Investment Management Inc.. Those representatives can also earn commissions on brokerage business through the broker-dealer, where different rules apply than for advisory accounts.
Is Thrivent Advisor Network, LLC a fiduciary?
As an SEC-registered investment adviser, Thrivent Advisor Network, LLC owes its advisory clients a fiduciary duty under the Investment Advisers Act of 1940, which includes duties of care and loyalty. 84 of its employees are also registered representatives of a broker-dealer, where different rules apply to brokerage recommendations.
Where these numbers come from
Every figure is Thrivent Advisor Network, LLC’s own answer on its latest Form ADV, from the SEC’s registered-adviser list as of October 1, 2026: regulatory assets and accounts (Item 5.F), clients by type (5.D), employees (5.A and 5.B), compensation (5.E) and services (5.G). Custodians come from Schedule D 5.K(3) of its latest filing (2026-06-25), which lists those holding 10% or more of separately managed account assets and the amount at each. “Hybrid” means some employees are also registered representatives of a broker-dealer (Item 5.B(2)); affiliated broker-dealers are the related persons it lists in Item 7.A and Schedule D. Firm type comes from its own answers: broker-dealer firms are registered broker-dealers themselves (Item 6.A); private fund advisers manage mostly private funds (Item 7.B, 5.D); wealth managers manage at least half their assets for individuals (5.D). Its national rank compares it with every US-based independent wealth management RIA, the same field as The Largest RIAs. Figures are as of the firm’s last annual update, so they can lag recent deals and market moves. Regulatory AUM counts assets the firm continuously supervises and can differ from what a firm markets.
Not an endorsement or a recommendation. Before hiring any adviser, read its Form ADV Part 2A brochure and check its record on the SEC’s adviser search. How to check a financial advisor →