Thrivent Takes Reg BI Hit Over Outdated Share Class Calculator

What You Need To Know

• Thrivent reps recommended that certain retail brokerage customers invest in Class A mutual fund shares instead of Class C shares.
• The recommendations were part of the Nebraska NEST Advisor plan and the Illinois Bright Directions Advisor-Guided 529 plan.
• Thrivent failed to update its calculator to account for expense structure changes to the plans.