Asset manager · Minneapolis, MN
Thrivent Financial for Lutherans
SEC-registered investment adviser · CRD 115785 · SEC 801-60701
At a glance
Thrivent Financial for Lutherans is an SEC-registered investment adviser based in Minneapolis, Minnesota, with $128.7 billion in regulatory assets under management as of its Form ADV filed June 17, 2026. Its largest client group by assets is other. By Form ADV it is a asset manager, ranked 113th of 3,218 asset managers and 214th of 17,210 SEC-registered advisers by assets.
Main office 800-847-4836thrivent.comLinkedInAs filed on Form ADV
- Regulatory AUM
- $129B
- Rank among asset managers
- #113 of 3,218
- Rank among all SEC RIAs
- #214 of 17,210
- Rank in Minnesota
- #4 of 276
- Clients
- 34
- Accounts
- 34
- Discretionary
- 100% of AUM
- Employees
- 4,220
- Advisory staff
- 155
- Offices
- 2
Owners and executives on its Form ADV
- Teresa J. RasmussenDirector, President and Chief Executive Officer
- Edward S. DrydenVice President, Chief Compliance Officer
- Kenneth A. CarowDirector
- Nathaniel C. BoggsDirector
- Kathryn V. MarinelloDirector
- Eric J. DrautDirector
- Paul Roberts JohnstonExecutive Vice President, Chief Legal Officer, General Counsel and Secretary
- Lynn Y. Crump-CaineDirector, Chair
- David S. RoyalExecutive Vice President, Chief Financial & Investment Officer
- Bradford N. CreswellDirector
- Nichole B. PechetDirector
- Deborah M. AckermanDirector
Custody and brokerage
Broker-dealer
Hybrid RIA
Thrivent Financial for Lutherans is a hybrid RIA: 503 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
Who it serves
| Client type | Clients | Regulatory AUM | Share |
|---|---|---|---|
| Other | 1 | $82B | 64% |
| Investment companies | 31 | $46B | 35% |
| Pension and profit sharing plans | 1 | $1.2B | <1% |
| Pooled investment vehicles | 1 | $111M | <1% |
Private funds
Thrivent Financial for Lutherans reports 1 private funds with $105M in gross assets: other private funds (Form ADV Item 7.B).
Disciplinary disclosures
Thrivent Financial for Lutherans answers yes to 6 disclosure items in Item 11 of Form ADV (criminal, regulatory or civil matters involving the firm or its advisory affiliates). Read the details on the SEC’s adviser search ↗
Services
- Portfolio management for individuals and small businesses
- Portfolio management for investment companies
- Portfolio management for pooled investment vehicles
- Portfolio management for businesses and institutions
How it’s paid
- A percentage of assets under management
- Performance-based fees
Form ADV and brochures on the SEC’s adviser search ↗thrivent.com ↗
AtlasMembers
The full record on Thrivent Financial for Lutherans
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, ten years of filings
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- Growth over one, three and five years
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- Rank against 182 peers of its type and size
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- Owners and executives, with titles and stakes
- 17 namedLocked
- Main office, fax and compliance officer
- Locked
- Filing changes this year, with alerts
- 2Locked
Free while Atlas launches: create a free account and confirm your email. Every figure comes from SEC filings.
Background
Questions
How much does Thrivent Financial for Lutherans manage?
Thrivent Financial for Lutherans reports $128.7 billion in regulatory assets under management across 34 accounts, 100% of it on a discretionary basis, on its Form ADV filed June 17, 2026.
What kind of firm is Thrivent Financial for Lutherans?
Thrivent Financial for Lutherans is a asset manager by its Form ADV answers. Most of its assets are managed for funds, institutions or other businesses rather than individuals. It reports a bank or thrift among its related persons.
Who are Thrivent Financial for Lutherans’s clients?
By assets, its largest client types are other ($81.8 billion, 1 clients); investment companies ($45.6 billion, 31 clients); pension and profit sharing plans ($1.2 billion, 1 clients).
Does Thrivent Financial for Lutherans manage private funds?
Yes. It reports 1 private funds with $105 million in gross assets, including other private funds.
Does Thrivent Financial for Lutherans have any disciplinary history?
Thrivent Financial for Lutherans answers yes to 6 disclosure items in Item 11 of Form ADV, which covers criminal, regulatory and civil matters involving the firm or its advisory affiliates. The details are on the SEC’s adviser search.
Where these numbers come from
Every figure is Thrivent Financial for Lutherans’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 (2026-06-17), 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). Ranks compare it by regulatory assets with every SEC-registered adviser and with firms of its type. 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 →