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Updated September 20, 2026. Quick answer: Thrivent is registered with the SEC as both a broker-dealer and an investment adviser. Per its own current fee brochure, a $500,000 account would run $7,750 a year under its published fee schedule; the minimum to open an account is $25,000 for Advisor, Advisor Guided, SELECT, Income-Focused, Genesis, Shepherd, Impact and Shield. Already a client and thinking about leaving? Budget $50 for a full transfer, plus $125 separately if closing an IRA. Is it a fiduciary? Yes, when it is acting as your investment adviser; when the same representative acts as your broker-dealer instead, the applicable standard is best-interest, not fiduciary, and its own Form CRS states representatives can earn commissions in that capacity.
Is Thrivent a fiduciary?
Yes, when it acts as your investment adviser. When the same representative acts as your broker-dealer, the applicable standard is best-interest, not fiduciary, and representatives can earn commissions in that capacity.
How much does Thrivent charge?
Per its own current fee brochure, a $500,000 account would run $7,750 a year under Thrivent’s published fee schedule.
Thrivent at a glance
| Fact | What Thrivent’s own pages say |
|---|---|
| Legal entity | Thrivent Investment Management Inc. |
| Registration | Thrivent Investment Management Inc. (“Thrivent”, “we,” “us” or “our”) is a broker-dealer and investment adviser registered with the Securities and Exchange Commission. |
| Fee on a $500,000 account | $7,750 a year, per its own current brochure |
| Minimum to open an account | $25,000 for Advisor, Advisor Guided, SELECT, Income-Focused, Genesis, Shepherd, Impact and Shield |
| Cost to leave (exit fee) | $50 for a full transfer, plus $125 separately if closing an IRA |
What Thrivent’s own fee schedule charges
“You will be charged a Program Fee for each Account in the Program. The Program Fee will not exceed the applicable rate from the following fee schedule(s). Those maximums are the Advisor, Advisor Guided, SELECT, Income-Focused, Genesis, Shepherd, Impact and Shield schedule: Up to $99,999 2.00%, $100,000-$249,999 1.85%, $250,000-$499,999 1.70%, $500,000-$999,999 1.55%, $1,000,000-$2,999,999 1.45%, $3,000,000-$4,999,999 1.25%, $5,000,000-$9,999,999 1.00%, $10,000,000 and above 0.90%.”
Thrivent uses a breakpoint schedule: the single rate for your bracket applies to the whole balance, not just the amount above the breakpoint. These are the Maximum Program Fee rates on Thrivent’s Advisor, Advisor Guided, SELECT, Income-Focused, Genesis, Shepherd, Impact and Shield schedule, the one covering the programs open to new investors at the $25,000 minimum; the brochure states the Program Fee is negotiable, so an individual account can be lower.
| Account balance | Annual fee |
|---|---|
| $250,000 | $4,250 |
| $500,000 | $7,750 |
| $1,000,000 | $14,500 |
| $2,000,000 | $29,000 |
See the full breakdown, including how the figure is calculated, on Thrivent’s own fee page.
Is Thrivent a fiduciary?
Thrivent Investment Management Inc. (“Thrivent”, “we,” “us” or “our”) is a broker-dealer and investment adviser registered with the Securities and Exchange Commission.
“When we provide you with a recommendation as your broker-dealer or act as your investment adviser, we have to act in your best interest and not put our interests ahead of yours.”
Financial Professionals providing brokerage services receive a commission for the sale of investment products.
Full detail, including the exact registration type and source: Thrivent’s fiduciary status, explained.
The minimum to open an account
“Minimum Account Size $25,000 … The minimum initial investment amount for each program is provided in the “Managed Accounts Program Overview” chart found in “Item 4-Services, Fees and Compensation-Program Overview” above.”
$25,000 for Advisor, Advisor Guided, SELECT, Income-Focused, Genesis, Shepherd, Impact and Shield. See the full minimum-investment breakdown, including what that minimum would cost per year, on Thrivent’s minimum investment page.
What it costs to leave
Thrivent’s own “Miscellaneous other fees and charges for brokerage and managed accounts” schedule (document 25001 R12-23) lists a Full Transfer Out Account Delivery Fee of $50 per account, and a separate IRA Custodial Closing Fee of $125 per IRA account if the account being closed is a retirement account, two-and-a-half times the general transfer price. A separate IRA Custodial Maintenance Fee / HSA Annual Fee of $35 a year is waived once the account reaches $250,000.
Full mechanics, sources, and the ACATS transfer process: how to leave Thrivent.
What we would compare it against
Before you decide, run the numbers against another firm using the financial advisor fee comparison, or price the dollar cost of any percentage fee over time with the Financial Advisor Fee Calculator and the Fee Drag Calculator.
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Source: WiserAdvisor’s service descriptionSources
- Thrivent Investment Management Inc. Managed Accounts Program Brochure, Form ADV Part 2A Appendix 1 (July 2026): https://www.thrivent.com/files/24839.pdf
- Form CRS (Client Relationship Summary) (March 2026): https://reports.adviserinfo.sec.gov/crs/crs_18387.pdf
- SEC Investment Adviser Public Disclosure, Thrivent Investment Management Inc. (CRD #18387): https://adviserinfo.sec.gov/firm/summary/18387
- Thrivent Investment Management Inc., SEC Form ADV filing: https://reports.adviserinfo.sec.gov/reports/ADV/18387/PDF/18387.pdf
Methodology. This page was built September 20, 2026, drawing directly on Thrivent’s own current fee brochure and Form CRS, both linked above, plus this site’s own already-published fiduciary, minimum-investment, and (where one exists) how-to-leave pages for the same firm, each independently sourced when it was built. Any distinction we could not independently confirm this session is named as an honest gap rather than presented as verified. Nothing here is personalized financial, tax, legal, or investment advice, and it is not a substitute for reading Thrivent’s own Form ADV Part 2A and Form CRS. We have not used Thrivent as a client. Thrivent did not pay for, review, or influence this content. See our Editorial Policy, Corrections, Affiliate Disclosure, and Disclaimer.
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