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Karen A Groves

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Karen A Groves
Wealth Advisor
.
FIC
Part of the North Star Wealth Advisors practice
3000 County Road 42 West Suite 201
Burnsville, MN 55337
About Karen Groves
I'm proud to be a Thrivent financial professional. I provide personalized financial guidance to people at all stages of life. At Thrivent, we view money not as a goal, but as a tool — one that can afford you a life rich in meaning and gratitude. We believe humanity thrives when individuals make the most of all they've been given. I'm here to help you do just that.
My qualifications
  • Fraternal Insurance Counselor
  • Series 7 - General Securities Representative
My state licenses
  • California(Insurance Lic. #0H77602)
  • Iowa
  • Kansas
  • Minnesota
  • Nebraska
  • South Dakota
  • Tennessee
  • Wisconsin

Insights

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Thrivent Social Media Privacy Policy, Guidelines, Disclosures & Disclaimers
Thrivent Social Media Privacy Policy, Guidelines, Disclosures & DisclaimersPer Stirpes: What does this mean? I was talking with a friend who was helping her father do his tax return. She happened to come across a statement from his investment company and notice the beneficiary designations. They went like this: Bill 25% per stirpes Allen 25% per stirpes Mary 25% Jane 25% What would this mean if their father passed away? Per stirpes is a Latin phrase meaning “by branch”. It designates who will inherit assets if a beneficiary dies before the account owner dies. If Allen predeceased their father, his 25% would pass to his children, per stirpes. But if Mary predeceased their father, her 25% would pass to the survivors Bill, Allen, and Jane. Mary’s share would not pass to her children. My friend talked with her father to ask why it was designated this way. He didn’t know and said it was incorrect. Her dad updated the beneficiaries. This is just a reminder to do an annual review of your beneficiary designations. And if your parents will allow it, review theirs as well to make sure they align with their goals. See thrivent.com/social for important disclosures.​
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Happy New Year! Wishing your family a very blessed 2025.
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Giving’s greatest season is here. Do you have a plan in place to amplify your charitable impact and maximize your tax benefits? Together, we can discuss strategies to make the most of all you’ve been given. See thrivent.com/social for important disclosures.
Office location
Burnsville Location
3000 County Road 42 West Suite 201
Burnsville, MN 55337
Phone952-693-1049Hours
M – F: 9 a.m. – 5 p.m.
Licensing is available through your State Insurance Department’s website, which can be located through the National Association of Insurance Commissioners website.

Thrivent and its financial advisors and professionals do not provide legal, accounting or tax advice. Consult your attorney or tax professional.

Thrivent financial advisors and professionals have general knowledge of the Social Security tenets. For complete details on your situation, contact the Social Security Administration.

Thrivent provides advice and guidance through its Financial Planning Framework that generally includes a review and analysis of a client’s financial situation. A client may choose to further their planning engagement with Thrivent through its Dedicated Planning Services (an investment advisory service) that results in written recommendations for a fee.

Designations
For additional information on professional designations and the requirements to earn them, visit https://www.thrivent.com/designations