Today we take a look at a company named Thrivent Funds. So, what are Thrivent Mutual funds? How does it work? What are the IRAs offered and the IRA fees? Can you store and sell back with this company? How does it compare to our #1 IRA solution? Let’s get started and find out!
Company: Thrivent Mutual Funds
Owner: Teresa J. Rasmussen ( CEO )
Who is it for? People who would like to invest in an IRA.
Overall rating: [ usr 2] Not recommended
Essential to mention (before we go into more details of this review)
We strongly recommend doing your research online before choosing a company to invest in. There are so many reviews online of clients being ripped off and scammed. So please investigate thoroughly and compare different alternatives before you make your decision.
One example: 99.9% of companies got “pushy” salespeople trying to stress you into acting fast.
Here is the thing, the #1 Recommended Gold & Silver IRA Dealer on our top-5 list got No-salesy representatives… So they won´t bother or terrorize you with phone calls.
You are an intelligent person, so I am sure that you understand the benefits of dealing with such a company instead, right?
+They got a couple more benefits you might appreciate as much as I do. You will understand yourself once you have visited the page (link) above.
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With that being said, let´s continue with the review on Thrivient Mutual Funds!
The number of IRA custodians is growing every day, but that doesn’t mean they’re all excellent. Many of these new “companies” turn out to be awful and sometimes even a scam! Doing proper investigation is always highly recommended, even when it comes to companies that have been around for a long time. Just like the company, we’ll be discussing today: Thrivent mutual funds.
What are Thrivent Mutual Funds?
Based in Minneapolis, Minnesota, and Appleton, Wisconsin, Thrivent Mutual Funds is a subsidiary company of Thrivent Financial, a Fortune 500 company officially formed on January 1, 2002.
As its name implies, this company focuses primarily on providing mutual funds, but it also provides IRAs that we’ll be covering later in this review.
Thrivent Financial is a massive company with approximately 2.3 million members and 2,500 employees as of 2015.
It also has more than $134 billion in assets under management/advisement (as of 12/31/18, including Thrivent General Account, variable subaccount portfolios, mutual funds, and other assets )
Here’s the company’s physical address: 625 Fourth Ave South, Minneapolis, MN 55415.
After seeing the magnitude of this company, I expected premium services and thousands of positive reviews. But is that the case? Keep reading and find out!
What are the products and services offered?
Thrivent mutual funds provide several investment options for various age groups. When it comes to retirement, they include the IRAs they offer on their website, as you’ll see below. An IRA is a huge commitment. The more information a custodian offers you, the better. But, this didn’t include anything about the products you invest in through your retirement account.
My conclusion is that this company is more targeted towards people looking to invest in mutual funds. But, IRAs aren’t their primary focus, making them fall behind compared to competitors who offer a TON of information and solutions for retirement accounts.
Our #1 Recommended Company gives you ALL the information you need when opening an IRA account, including all the assets you can invest in, detailed fees, and premium customer service!
Thrivent Mutual funds offer the following IRAs:
- Traditional IRA
- Roth IRA
- SEP IRA
Here are the minimum investments as stated on their website:
- $1,000 per mutual fund without recurring contributions, or
- $50 monthly recurring contribution for all mutual funds except for the Thrivent Money Market Fund or Thrivent Limited Maturity Bond which are $100 per month
**Want to see what IRA solution I would recommend? Click here
Here’s a screenshot of Thrivent Mutual Funds’ IRA Fees:
That’s all that I found even in the pdf files they attached. As you can see, these fees aren’t that detailed, which is not good.
==> Want to take a look at my #1 recommended IRA solution instead?
Can you store or sell back to this company?
There is no information on Thrivent mutual funds’ website about whether you can store or sell back to this company.
Can you get the precious metals delivered home?
This is also not included on their website.
The same thing for the countries allowed. They’re not included on the site.
Ratings, Reviews, and Complaints on Thrivent Mutual Funds?
I want to start this section by sharing with you a review I found on Yelp about Thrivent’s Financial services:
This lady regretted not going through the online reviews of this company before choosing them. You don’t want that to be the case for you! I can never emphasize enough the importance of online reviews and ratings as they directly reflect the experience of several customers with any company you’re thinking about.
That aside, let’s continue with the online reviews and ratings that gold retired gathers for you, as always!
Rating: A+ (1 / 5) ( out of 4 reviews ) click here to see all complaints ( opens in new window )
Rating: (1.5 / 5) click here for more details ( opens in new window )
I honestly was shocked by the number of awful reviews this company has! The majority of people that chose them are entirely unsatisfied with their service. Thrivent Financial, the mother company of Thrivent mutual funds, has more complaints than reviews on the BBB website! For me, that’s a definite sign that you should stay away from this company.
Learn about the company that we have rated the #1 company in the industry on this page
Do you Own or Represent Thrivent Mutual Funds?
If you are a representative or associate of Thrivent Mutual Funds and have found something not to be correct in this review, please, feel free to tell, and I will make sure to update the info on this post. The easiest way to do it is in the comment section below, or else you get the e-mail on the about page.
Final Words and Verdict
Verdict: NOT RECOMMENDED
Overall rating: (2 / 5)
Okay, I think this sums up everything about Thrivent Mutual Funds. Just like I said above, even though this company is enormous and has a lot of members, most of their clients are far from satisfied with their service.
If you’re looking to invest in an IRA, you should avoid this company because of its terrible reviews and because IRAs are not their primary focus.
This company isn’t a good choice even for people who want to invest in mutual funds!
What IRA company do we recommend?
You made a wise decision to read this review, and you are an intelligent person. I am sure that you will find the right company that suits your needs the best. I would advise you to compare different alternatives against each other before you decide. Below you got my absolute #1 recommended IRA custodian:
That’s it for this review! I hope everything about Thrivent Mutual Funds is clear now! If you have any questions or remarks, please share them below. I’ll be more than glad to answer them. You can also share your personal experience if you have any and save someone the hassle of working with this kind of company. Sharing is caring!
I wish you success!
Owner of: Gold Retired.