NU Online News Service, June 5, 2003, 5:19 p.m. EDT – Thrivent Financial for Lutherans, Minneapolis, says it will be adding 30 members to its Financial Consulting Group program.
Thrivent, a nonprofit mutual insurer, formed the program in 2002 to sell mutual funds and managed-account programs from other companies to Thrivent’s 3 million members. The program also sells individual stocks and bonds to Thrivent members.
Thrivent originally recruited 25 consultants for the program and suggested it might ultimately expand the program to include about 1,200 of Thrivent’s 2,400 financial associates.
The company says the program has been a success, but it says it now expects the program to include fewer than 500 of the financial associates.