Skip to main content

Looking to Learn More? Sign up for our Investing Insights newsletter. Subscribe

Thanks for Signing Up!

Be sure to check your inbox for the Investing Insights newsletter to get the latest news and insights from Thrivent Mutual Funds.

Well that's unexpected - your subscription request was not submitted. Please try again.

Great news - you're on the list!

Looks like you're already on our mailing list. Be sure to check your inbox for the Investing Insights newsletter to get the latest news and insights from Thrivent Mutual Funds.

Investing Essentials

Financial Representatives: What Do They Do and Do I Need One?

Two men sitting on couch looking at paperwork

It’s a common dilemma for investors, whether they’re just starting out or have owned mutual funds for a long time: do I need a financial representative or am I OK doing it myself? 

There’s no easy yes or no answer. Everyone’s financial situation is unique, as is their level of financial knowledge. Ultimately, this is a very personal decision. Can you do what a financial representative does? What does a financial representative actually do? Here are a few questions you should to ask yourself:

  • How knowledgeable are you in financial matters?
  • Do you have the time and interest to research mutual funds?
  • Are you confident enough, and do you have enough time to maintain your portfolio and make any necessary changes as your situation changes?

It’s probably a safe bet that your answers to these questions are never going to be an unequivocal yes. Knowledge is relative, time and priorities shift, interest wanes over time, and confidence wavers, especially in a volatile market environment. So, does this mean you need a financial representative? Not necessarily. Let’s look at the benefits of doing it yourself versus what a financial representative can provide you.

Doing It Yourself

When you decide to invest in mutual funds directly versus through a financial representative, you’ll need to decide on your own your goals, which type of account will best fit those goals, which fund to invest in, how much, and how often to invest. To help you make these decisions, Thrivent Mutual Funds provides information you’ll need to understand your options and feel confident in your decision. Your investment portfolio will be fully accessible online and you’ll be able manage almost all your mutual fund activities yourself.

When you choose to invest directly on your own, you don’t pay any sales charges or ongoing account service fees. This means more of your money is invested and working for you. The fees you will pay are the customary expenses that all mutual funds charge for investment management, record-keeping, legal, and accounting requirements. These fees are considered fund operating expenses and represented as the net expense ratio of the fund. You will pay fund operating expenses regardless of whether you buy mutual funds online or through a financial representative.

Working With a Financial Representative

If you decide to work with a Thrivent Financial representative, you’ll be receiving professional service from a financial guide who lives in your area. Your Thrivent Financial representative will meet with you in person, listen to you, ask questions, and offer options to help you meet your financial goals. If you wish, your Thrivent Financial representative can provide holistic analysis of your financial situation and may offer options in addition to those provided by Thrivent Mutual Funds. 

There may be additional fees associated with using a Thrivent Financial representative that need to be weighed against the benefits. However, with a Thrivent Financial representative, you know there’s someone you can go to with questions, so you can concentrate on the things that are important to you. Click to find a Thrivent Financial Representative in your area.

It’s Up to You

The choice is yours. No matter if you decide to go at it alone or to work with a Thrivent Financial representative, you can rest assured that our team of seasoned fund managers will apply their deep expertise and proprietary research to actively manage each fund. When you choose to invest in Thrivent Mutual Funds, you’ll benefit from the expertise of our investment professionals and the convenience and choices we provide to make investing easier.

 

Well that's unexpected - your subscription request was not submitted. Please try again.

Gain From Our Perspective

Get Our Investing Insights Newsletter in Your Inbox.

SUBSCRIBE NOW

Gain From Our Perspective

Get Our Investing Insights Newsletter in Your Inbox.

SUBSCRIBE

Thanks for Signing Up!

Be sure to check your inbox for the Investing Insights newsletter to get the latest news and insights from Thrivent Mutual Funds.

Great news - you're on the list!

Looks like you're already on our mailing list. Be sure to check your inbox for the Investing Insights newsletter to get the latest news and insights from Thrivent Mutual Funds.

Ready to Invest?

EXPLORE OUR FUNDS

Insurance products issued or offered by Thrivent Financial, the marketing name for Thrivent Financial for Lutherans, Appleton, WI. Not all products are available in all states. Securities and investment advisory services are offered through Thrivent Investment Management Inc., 625 Fourth Ave. S., Minneapolis, MN 55415, a FINRA and SIPC member and a wholly owned subsidiary of Thrivent. Thrivent Financial representatives are registered representatives of Thrivent Investment Management Inc. They are also licensed insurance agents/producers of Thrivent.