Watertown, SD Office

Team
Updated today
Thrivent Investment Management logo

Thrivent Investment Management

Institution

Firm-wide stats for Thrivent Investment Management

Total advisors

3,190

Across 1,424 offices

Clients per advisor

39 Very Low

Avg AUM per client

$162,801 Very Low

HNW client ratio

14% Typical

About

Thrivent Investment Management delivers Dedicated Planning Services to individuals, families, businesses and nonprofit clients through a network of Financial Advisors, offering the engagement either as a one‑time or an ongoing planning relationship; the brochure notes the service has been provided since 1998. Written recommendations address a broad set of topics—including retirement, income tax, estate, business continuation, divorce and special needs planning—but implementation of recommendations is not included in the Dedicated Planning Service.

The firm develops holistic, goal‑based analyses using modeling tools and client‑provided information, and allows clients to combine planning with its managed‑account program under a consolidated billing option called “WealthPlan,” while keeping the planning and managed‑account services separate. Thrivent states it does not accept discretionary trading authority for the Dedicated Planning Service, conducts periodic (typically annual) reviews of recommendations, and relies on Financial Advisors (who may also be insurance producers) to deliver and update plans.

Notably for a large institutional adviser, Thrivent does not provide portfolio management for institutional clients nor serve as a selector of other advisers for institutional mandates, which is an uncommon profile among comparable firms. The brochure also emphasizes potential conflicts when clients implement recommendations through Thrivent or its affiliates, describes advisor compensation and loan programs, and discloses past regulatory reviews and remediation steps alongside its specialized planning offerings.

Based on Thrivent Investment Management

Expertise

Business ownership considerations

Based on Thrivent Investment Management

Location

415 E Kemp

Watertown SD 57201

Advisors at this office

4

Advisors at this office

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Erich O

Series 66

Watertown, SD

Thrivent Investment Management

Erich Olson is a financial advisor with Thrivent Investment Management in Watertown, SD, holding a Series 66 designation and over 21 years of industry experience. He has been with Thrivent Financial for Lutherans and Thrivent Investment Management since 2004. Outside of his advisory role, Olson volunteers as a 4-H instructor teaching shooting sports to youth and has served as president and program chair of the Rotary Club of Brookings, SD. Thrivent Investment Management provides Dedicated Planning Services to individuals, families, businesses, and nonprofit clients through a network of financial advisors. The firm offers holistic, goal-based planning without discretionary trading authority and allows integration of planning with managed-account services under a consolidated billing option called “WealthPlan.”

Business ownership considerations
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Matthew J

Series 63, Series 65

Watertown, SD

Thrivent Investment Management

Matthew Johnson is a financial advisor at Thrivent Investment Management with five years of industry experience. He holds the Series 63 and Series 65 licenses and has worked at Thrivent Financial and Thrivent Investment Management since 2020. Outside of finance, he served as president and CEO of MrJohnson Furnishings, a home furnishings business co-owned with his wife, and is a board member of Brookings Behavioral Health and Wellness, a nonprofit mental health organization. Thrivent Investment Management provides Dedicated Planning Services to individuals, families, businesses, and nonprofit clients, focusing on goal-based financial planning without discretionary portfolio management. The firm offers planning on a one-time or ongoing basis, addressing a broad range of topics including retirement, tax, and estate planning.

Business ownership considerations
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Bailey S

Series 63, Series 66

Watertown, SD

Thrivent Investment Management

Bailey Sage is a financial advisor at Thrivent Investment Management with one year of industry experience. They hold Series 63 and Series 66 licenses and previously worked at Daktronics and Coach Rozy Performance. Thrivent Investment Management provides Dedicated Planning Services to individuals, families, businesses, and nonprofit clients through a network of financial advisors. The firm offers goal-based planning on a broad range of topics, with the option to combine planning and managed-account services under a consolidated billing arrangement called WealthPlan.

Business ownership considerations
user avatar

Nolan N

Series 66

Watertown, SD

Thrivent Investment Management

Nolan Nuttall is a Series 66 credentialed advisor with Thrivent Investment Management, bringing one year of industry experience. Prior to his advisory role, he worked for Corteva Pioneer for 17 years. Outside of his financial career, he serves as President of the Church Council at the Lutheran Church of Our Redeemer and is a board member of the Kiwanis Club of Watertown. Thrivent Investment Management provides Dedicated Planning Services to individuals, families, businesses, and nonprofit clients through a network of financial advisors. The firm offers goal-based planning across various financial topics and allows clients to combine planning with managed-account services under a consolidated billing option.

Business ownership considerations
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