SEC-registered wealth management firm Broker-dealer affiliated
Thrivent Advisor Network, LLC
As of its Form ADV filed June 25, 2026, Thrivent Advisor Network, LLC, an SEC-registered, broker-dealer affiliated wealth management firm in Minneapolis, Minnesota, reported $6.8 billion in regulatory assets under management across 25,415 accounts, ranking #7 among all wealth firms in Minnesota by assets.
Registration
- Main office
- Minneapolis, MN
- Registration
- SEC-registered, Approved
- CRD number
- 304569
- SEC file number
- 801-117013
- Registered since
- July 24, 2019
- Latest Form ADV filing
- June 25, 2026
- Organized as
- Limited Liability Company
- Fiscal year ends
- December
- Other offices
- 27
Key figures
- Regulatory assets under management
- $6.8 billion
- Discretionary
- $6.8 billion (99.3%)
- Non-discretionary
- $47.0 million
- Accounts
- 25,415 (25,020 discretionary)
- Clients
- 15,532, approximate as reported
- Employees
- 119
- Advisory staff
- 119 performing investment advisory functions
- Average account
- $268,943
- Asset growth, 1 year
- 2.8% (from $6.6 billion a year earlier)
- Asset growth, 3-year annual rate
- 10.6% (from $5.1 billion three years earlier)
- Asset growth, 5-year annual rate
- 5.2% (from $5.3 billion five years earlier)
- Client growth, 1 year
- 28.1% (from 12,121)
Broker-dealer affiliated. The firm is affiliated with a bank (Item 7.A(8)) that is part of a group with a broker-dealer (Item 7.A(1)) or controlled by a public company (Schedule D, Item 10.A). It is ranked among all wealth firms, the directory's view that includes wirehouses and broker-dealer firms, not in the main lists of independent RIAs. How firms are classed.
Growth rates come from the SEC's yearly snapshots and are left blank when the years are not comparable.
Rankings
Among all wealth firms, including wirehouses and broker-dealer firms.
Assets over time
Data table
| As of | RAUM |
|---|---|
| October 1, 2019 | $0 |
| October 1, 2020 | $1.4 billion |
| October 4, 2021 | $5.3 billion |
| October 3, 2022 | $6.5 billion |
| October 5, 2023 | $5.1 billion |
| October 1, 2024 | $6.2 billion |
| September 2, 2025 | $6.6 billion |
| October 2, 2026 | $6.8 billion |
Clients and services
Client mix
| Measure | Bar | RAUM |
|---|---|---|
| Individuals (other than high net worth) 13,130 clients | $3.7 billion | |
| High net worth individuals 1,481 clients | $3.0 billion | |
| Charitable organizations 62 clients | $93.7 million | |
| Corporations or other businesses 59 clients | $39.9 million | |
| Pension and profit sharing plans fewer than 5 clients | $10.3 million |
How the firm is paid
- A percentage of assets under management
- Hourly charges
- Fixed fees
Advisory services
- Financial planning
- Portfolio management for individuals or small businesses
- Pension consulting
- Selection of other advisers
- Educational seminars or workshops
Financial planning clients (Item 5.H): 2000.
Wrap fee program sponsor or portfolio manager: yes.
Other business, affiliations and custody
Other business activities (Item 6.A)
- Insurance broker or agent
Financial industry affiliations (Item 7.A)
- Broker-dealer
- Other investment adviser
- Commodity pool operator or commodity trading advisor
- Banking or thrift institution
- Trust company
- Insurance company or agency
- Sponsor, general partner or managing member of pooled investment vehicles
Custody (Item 9)
The firm reported custody of client cash or securities, $1.2 billion in total.
Investment adviser representatives
- IARs registered with the firm
- 117
- Also registered through a broker-dealer
- 87
- Employees who are IARs (Form ADV 5.B(3))
- 119
Designations held by the firm's IARs: CFP 20, ChFC 8, CFA 2.
Between 54 and 93 of the firm's 117 IARs are registered in jurisdictions that require IAR CE. The source counts registrations by jurisdiction, and many IARs are registered in more than one, so the exact number is not knowable from it. IAR CE requirements by state.
Counts only. AdvisorIQ does not list individual people.
Disclosures
On Form ADV Item 11 the firm answered yes to 0 disclosure questions. See the detail on IAPD.
Succession and acquired firms
On Form ADV Item 4 the firm did not report succeeding to another adviser's business.
Similar-sized firms in Minnesota
| Firm | City | RAUM |
|---|---|---|
| Fiduciary Counselling Inc | St. Paul | $10.1 billion |
| Focus Financial | Minneapolis | $6.8 billion |
| Riverbridge | Minneapolis | $5.0 billion |
| Accredited Investors Wealth Management | Edina | $4.4 billion |
| Advisornet Wealth Partners | Minnetonka | $3.1 billion |
The five wealth firms, broker-dealer affiliated firms included, nearest in regulatory assets with a main office in the same state.
Elsewhere
- Thrivent Advisor Network, LLC on IAPD: Form ADV, brochures and disclosure detail.
- Firm website: thriventadvisornetwork.com
- Wealth management firms in Minnesota
Firm data as of October 2, 2026, from ia100226.zip. Figures are as the firm reported them; corrections are made on Form ADV and appear after the next monthly reload.
Data as of October 2, 2026, from Form ADV. Sources: SEC registered adviser data (ia100226.zip) and IAPD compilation reports. How the directory is built.