Transition to a Registered Investment Adviser (RIA)

This is an exciting time for 5280 Associates as we move through the transition to Thrivent Advisor Network (TAN) Registered Investment Adviser (RIA) from now into early October. This new platform will grant us more freedom to serve you even better. We anticipate this change may bring about questions, so we developed a short video and list of frequently asked questions:


What is a Registered Investment Adviser (RIA)?

A Registered Investment Adviser (RIA) is a person or firm that is engaged in the business of providing advice to others and issues reports or analyses regarding securities for compensation. The Securities and Exchange Commission (SEC) requires that RIAs uphold a fiduciary duty to its advisory clients, meaning the RIA and the individuals who offer investment management and advisory services on its behalf must act in the best interests of each client while providing these advisory services. The confidence and trust placed in the RIA and the individuals serving clients are something we value and endeavor to protect.  As the first word of their title indicates, RIAs are required to register either with the Securities and Exchange Commission (SEC) or state securities administrators.

Why is 5280 Associates transitioning to an RIA platform?

5280 strives to bring an unprecedented wealth management experience to Colorado’s Front Range by meeting the needs of our clients now, and in the future. In order to become a better advocate for you, 5280 is transitioning to an RIA platform. This platform will grant us more freedom in order to better serve you.

Will 5280 Associates still be a part of Thrivent?

5280 Associates will be joining the Thrivent Advisor Network (TAN) a registered investment adviser (RIA) and a part of Thrivent, formed in 2019.  We have chosen Charles Schwab as our custodian.  Charles Schwab was named #1 Broker Overall in 2019 by Business Daily. They are also ranked #1 in customer service, and trade reliability*.

*For more information, see

When is this change taking place?

Clients will be signing transition paperwork in August and September. The transition to TAN will occur late September to early October.

What does this change mean for me?

In the long term, the new platform will give our practice the ability to be even more focused on providing advice-based solutions for our clients in a comprehensive financial planning capacity. We believe that this change will allow us to continue to elevate our service to our clients in ways such as technology access and proactive client communication.


In the short term, the most significant impact will be our custodial transition to Charles Schwab. The transition will involve signing paper applications, which will be pre-populated with your information and have “sign here” tabs in place to make the process for you as simple as possible. We will coordinate with local clients to have the paperwork signed in one of our offices. Our out-of-town clients will have paperwork overnighted.

Will 5280 Associates still manage investments on the new RIA Platform?

Our investment models will not be changing with the RIA transition. In some cases, it may be better to invest in platforms available with lower costs to you. If this is the case, we will be recommending you make a change in your investment strategy to something more beneficial to you.

Disclosure: Prior to the transition to Thrivent Advisor Network (TAN), securities and investment advisory services offered through Thrivent Investment Management Inc., a registered investment adviser, member FINRA and SIPC, and a subsidiary of Thrivent. After transition to TAN, services will be offered through a new broker/dealer arrangement.

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