Managed Accounts Program
Your financial advisor helps you develop a personalized investment strategy, choose a portfolio aligned to your goals, based on your needs, financial situation and investment targets. Your portfolio receives ongoing investment management—to help keep you on track with your financial goals.
Invest with purpose
Why work with a Thrivent financial advisor for your investment needs? It’s simple: we start by learning about you and what you care about most, which is reflected in the financial plan we build together. Whether you’re saving for retirement or pursuing other financial goals, we can help you invest with purpose. With the Managed Accounts Program, your choice to invest focuses on helping you understand you investment options and match investment portfolios with your financial goals, risk tolerance and other factors.
How it works
Your financial advisor will recommend a program for you that is in your best interest and based on what you tell us about, among other things, your investment objectives, risk tolerance, tax status and other applicable financial information.
Working in your best interest
Your financial advisor will recommend a model portfolio that is in your best interest and based upon, among other things, your investment objectives, financial situation and needs.
Ongoing support
After creating a purposeful portfolio strategy, your financial advisor monitors your investments and works with you to adjust your investment strategy when your goals or life change.
Why clients choose us
Working with a Thrivent financial advisor goes beyond investment advice. You get a long-term financial advisor who's committed to helping you achieve your goals.
Professional financial guidance for the long run
Making sense of your investments
Transition to spending
Talk with a financial advisor
The experience and insight a Thrivent financial advisor brings to managing your investment accounts can help you navigate complex financial situations and make informed decisions that help keep you on track with your goals. Schedule a meeting with a financial advisor to see if the Managed Accounts Program may be right for you.Prepare for your meeting
Use these questions as you start the conversation about investing toward your financial goals.
Questions to ask yourself
- What are my goals for the money I want to invest?
- How long before I may want to use the money I’m investing for my goals?
- How much involvement do I want to have in making investment decisions?
- How much involvement do I expect from my financial advisor when adverse market conditions occur?
Questions for your financial advisor
- What is your approach to responding to market changes and helping me understand how they might affect my investments?
- How does your guidance change as I move from saving for goals to spending money on my goals?
- How can you help me consider potential income tax consequences from ongoing investing and eventually making withdrawals?
Frequently asked questions
Still have questions? Give us a call 800-847-4836 or contact us.
Thrivent clients have access to a variety of program offerings with the Managed Accounts Program. The offerings are structured with a model portfolio of assets that can be matched to a particular type of client or investment. Look for a program that suits your needs and investing style. Options differ in various ways,
including but not limited to:
- Minimum amount you can invest.
- Who chooses the initial asset mix.
- Frequency of asset mix changes, trading and rebalancing.
Thrivent’s managed account programs offer portfolios containing a variety of asset classes and investment options, including but not limited to:
Mutual funds and ETFs are pooled investment vehicles that include baskets of assets. Investors of mutual funds and ETFs do not own the underlying assets and are unable to trade or otherwise direct fund managers in the trading of the underlying assets.
- Stocks
- Bonds
- Mutual funds
- Exchange-traded funds (ETFs)
Mutual funds and ETFs are pooled investment vehicles that include baskets of assets. Investors of mutual funds and ETFs do not own the underlying assets and are unable to trade or otherwise direct fund managers in the trading of the underlying assets.
At various times, a managed account’s assets may be adjusted based on market conditions, recommendations by your financial advisor, model provider or Sub-manager, or changes to your goals and objectives.
Your involvement in decisions about asset allocation and rebalancing depends on the program you select within the Managed Accounts Program. Options available through Thrivent’s Managed Accounts Program include:
Discretionary accounts
Depending on the discretionary program you select, you authorize either your qualified financial advisor, the sub-manager, and/or platform manager to buy, sell, and effect transactions without your prior approval.
Nondiscretionary accounts
It is solely your decision to implement any rebalancing or reallocation recommendations by your financial advisor. This means that your financial advisor will contact you for approval prior to buying, selling, and effecting transactions in your managed account.
Each program has its own minimum investment requirement. With most managed accounts programs, you can start investing with as little as $25,000.1
The Program Fee is based on a percentage of the market value of Eligible Program Assets. Fees vary among clients and are negotiable. Factors considered to determine your fee include, but is not limited to:
- Your financial needs and objectives.
- The managed account program you select.
- Whether you elect to use other services available through the Managed Account Program.
- The amount of assets in your account and/or household.
- The complexity of your financial situation.
- Your financial advisor's experience and credentials.
Yes, we offer a Tax Overlay Service for certain managed accounts programs. This add-on feature includes a separate fee that is in addition to the program fee. It can potentially increase tax-efficient investing by providing:
Methods to minimize tax liability: Envestnet, the platform manager for Thrivent’s Managed Accounts Program, has discretion to manage your account to your specific tax sensitivity levels, seeking to improve your after-tax returns while remaining consistent with the overall portfolio allocations.
Customized solutions:
The Tax Overlay Services is designed for clients who are willing to allow a proportionate amount of deviation from their selected model portfolios in exchange for management from a tax perspective.
Thoughtful account management:
Envestnet, the platform manager for Thrivent’s Managed Accounts Program, has discretion to implement trade recommendations from the model provider after carefully considering your specific tax sensitivity level with those transactions.*
*This can result in the account deviating from the model.
Tax Overlay Services and UMA Overlay Services may cause trading, holdings and/or performance of your model portfolio to deviate from a model portfolio that does not apply these services. The use of these services may cause your Account risk profile to differ from the risk profile initially identified for you at account opening. If you subsequently disable these services, this may result in the recognition of significant capital gains. Tax Overlay Service is potentially delivering better after-tax performance to the client by using tax optimized trading.
Get personalized investments strategies for your financial goals
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- Investing involves risks, including the possible loss of principal. The product and summary prospectuses for applicable securities (including mutual funds held in an account) and the Thrivent Investment Management Inc. Managed Accounts Program Brochure contain information on investment objectives, risks, charges and expenses, which investors should read carefully and consider before investing. Available at Thrivent.com.
- 1. This minimum account investment does not include SMA and UMA programs. Financial Advisors may set higher account minimums than listed within Thrivent Investment Management Inc.'s Managed Accounts Program Brochure ("Managed Accounts Program Brochure"). For details, review the Managed Accounts Program Brochure.
- By selecting “Start a conversation today”, “Find financial advisors”, “Find a financial advisor” or "Get Started" you will have the opportunity to find and request contact with a Thrivent financial advisor near you. Financial Advisors are registered representatives of Thrivent Investment Management Inc.
- Securities and investment advisory services are offered through Thrivent Investment Management Inc., a registered investment adviser, member FINRA and SIPC, and a subsidiary of Thrivent, the marketing name for Thrivent Financial for Lutherans. Thrivent financial advisors are registered representatives of Thrivent Investment Management Inc. Advisory services are available through investment adviser representatives only. Thrivent Investment Management Inc. is the sponsoring investment adviser of the Managed Accounts Program offered through Envestnet Asset Management Inc., a third-party provider of investment management services. Security transactions are handled by National Financial Services LLC, a Fidelity Investments® Company, registered broker-dealer, and member New York Stock Exchange and SIPC. National Financial Services, Envestnet Asset Management and Thrivent Investment Management Inc. are not affiliated. In all programs except the Thrivent Advisor Guided Program, your Thrivent financial advisor does not have discretionary trading authority. See Thrivent.com/disclosures.
- Eligible program assets may consist of Thrivent Mutual Funds. Thrivent Asset Management, LLC serves as investment manager for Thrivent Mutual Funds and receives a management fee for its services, as disclosed in the applicable funds’ prospectuses. Thrivent Investment Management Inc. ("Thrivent") and its affiliates may earn distribution and other fees in connection with Thrivent Mutual Funds. These fees are in addition to the investment advisory fee you pay quarterly for the Impact, Advisor, Advisor Guided, SELECT, Income-Focused, Advantage and Unified Managed accounts. Generally, it is more profitable for Thrivent if you purchase products that are underwritten and advised by Thrivent and its affiliates, such as Thrivent Mutual Funds.
- For all funds and investments, other fees may apply. Fees and expenses vary by fund and are described in the applicable funds’ prospectuses. Depending on certain factors, including but not limited to your holding period, you may pay more or less in total fees in a Managed Accounts Program versus paying separately for services, such as the purchase of a mutual fund with a sales load.