Lutheran Brotherhood Securities Corp. (Minneapolis)


Lutheran Brotherhood Securities Corp. is a large advisory firm based in Minneapolis. It manages $68.88 million of regulatory assets for 4 client accounts. It has been registered with the SEC as an adviser since 2001 and has operated in the jurisdictions of Alaska, Arizona, California, and 33 other states.

Lutheran Brotherhood Securities Corp provides financial planning services, portfolio management for individuals and small businesses, and portfolio management for pooled investment vehicles. It prepares financial plans for more than 100 clients. On top of advisory services, the firm doesn't engage in other business activities.

Lutheran Brotherhood Securities Corp: assets under management

The assets under management (AUM) of Lutheran Brotherhood Securities Corp. is $68.88 million, all of which is managed in discretionary accounts. The firm's AUM has grown by 98% since the beginning of its operation, and the company doesn't manage any assets belonging to foreign clients.

The firm manages $68.88 million in discretionary accounts. On average, the discretionary accounts where all decisions are made on behalf of the client hold $17.22 million each.

Fees & Commissions

The advisory firm has several streams of revenue. Clients pay Lutheran Brotherhood Securities Corp. for their services and products based on a percentage of assets under management, hourly charges, and fixed fees. Compensation based on assets under management promotes a long-term relationship between a client and the adviser and helps align mutual interests. These fees don’t include brokerage commissions, interest, taxes, and other account expenses.

Careers at Lutheran Brotherhood Securities Corp.

Jennifer Hastings Martin has been acting as President since 1 Mar 1998. John Oren Gilbert joined the executive team most recently as the Director And Chairman.

Direct owners and executive officers


Name Entity Date acquired Ownership Employer ID
Lutheran Brotherhood Research Corp Parent of lutheran brotherhood sec corp 1 Jan 1982 75% - 100% 25-1208590
Marie Ann Sorensen Asst vice president 1 Aug 1987 Other 1730597
Mitchell Floyd Felchle Vice president 1 Jan 1989 Other 205801
Frederick Paul Johnson Asst vice president 1 Mar 1997 Other 1758326
David Kent Stewart Treasurer 1 Dec 1997 Other 2990869
Richard Barton Ruckdashel Vice president 1 Dec 1997 Other 711930
Douglas Brian Miller Vice president 1 Dec 1997 Other 1041897
Vicki Rose Brandt Asst vice president 1 Dec 1997 Other 1018939
Katie Sue Kloster Asst vice president 1 Dec 1997 Other 1758354
Brenda Jo Pederson Asst vice president 1 Dec 1997 Other 1758337
Jennifer Hastings Martin Director 1 Mar 1998 Other 3054205
Marlene Joy Nogle Asst secretary 1 Jul 1999 Other 3248695
David Warren Angstadt President and director 1 Sep 1999 Other 2119799
John Keith Both Vice president 1 Sep 1999 Other 830063
Colleen Both Vice president and chief compliance officer 1 Sep 1999 Other 2255674
Bruce Jay Nicholson Director and chairman 1 Dec 1999 Other 2200207
James Russell Olson Vice president and director 1 Dec 1999 Other 866830
Michael Edwin Loken Director 1 Dec 1999 Other xxx-xx-xxxx
Daniel George Walseth Director 1 Dec 1999 Other xxx-xx-xxxx
Randall Lee Boushek Director 1 Dec 1999 Other xxx-xx-xxxx
Jerald Edward Sourdiff Director and vice president 1 Jun 2000 Other 2200208
David John Christianson Vice president 1 Jun 2000 Other 3087516
Thomas Carl Schinke Vice president 1 Jun 2000 Other 1103350
Bruce Marvel Piltingsrud Vice president 1 Jun 2000 Other 1366244
John Carl Bjork Secretary 1 Nov 2000 Other 2861867
Deborah E. Moore Director 1 Apr 2001 Other xxx-xx-xxxx
Lawrence Wayne Stranghoener Director 1 Apr 2001 Other xxx-xx-xxxx
Cindy Renee Hedgers Assistant vice president 1 Apr 2001 Other 709739
James Adlai Thomsen President and director 1 Jul 2001 Other 1510675
John Oren Gilbert Director and chairman 1 Apr 2002 Other 2088601
Woodrow Eugene Eno Director 1 Apr 2002 Other 1038576
Pamela J Moret Director 1 Apr 2002 Other 1092043
Jon Michael Stellmacher Director 1 Apr 2002 Other 3134024

Indirect Owners

The SEC currently registers 5 indirect owners.

Name Entity Date acquired Ownership Employer ID
Lutheran Brotherhood Parent of lbfc 1 Feb 1970 75% - 100% 41-0385700
Lutheran Brotherhood Financial Corp Parent of lbrc 1 Dec 1984 75% - 100% 41-1511111
Aid Association For Lutherans Parent of aal holdings, inc. 1 Jan 2002 75% - 100% 39-0123480
Inc. Aal Holdings Parent of lbrc 1 Jan 2002 75% - 100% 39-1559369
Thrivent Financial For Lutherans Parent of aal holdings, inc. 1 Jan 2002 75% - 100% 39-0123480

Based in Minneapolis

The principal office where Lutheran Brotherhood Securities Corp. performs its advisory services is located at 625 Fourth Avenue South, Minneapolis, MN 55415, which is also the mailing address of the firm. An additional office of the firm is in Appleton, WI. It doesn’t run an office outside of the United States.

You can reach the main office by calling the phone number 612-340-8492 or by fax 612-340-8408. The normal business hours are 8:00 a.m. to 5:00 p.m. on Monday - Friday. You can find more information about the New York firm at www.luthbro.com.

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