A more recent edition of NAICS is available.
2012 Edition

national industry 523930

Investment Advice


This industry comprises establishments primarily engaged in providing customized investment advice to clients on a fee basis, but do not have the authority to execute trades. Primary activities performed by establishments in this industry are providing financial planning advice and investment counseling to meet the goals and needs of specific clients.

The immediate parent of national industry 523930 is international industry 52393: Investment Advice

Illustrative Examples

  • Financial investment advice services, customized, fees paid by client Investment advisory services, customized, fees paid by client Financial planning services, customized, fees paid by client

2012 NAICS Edition Cross References

  • Establishments providing investment advice in conjunction with their primary activity, such as portfolio management, or the sale of stocks, bonds, annuities, and real estate, are classified according to their primary activity; and
  • Establishments known as publishers providing generalized investment information to subscribers are classified in Subsector 511, Publishing Industries (except Internet) or Industry 519130, Internet Publishing and Broadcasting and Web Search Portals.


The NAICS editions in which this code was present are indicated below. In the event that a code was changed from the prior edition the equivalent value in that edition is provided for reference.

Edition Existed Equivalent Value
2002 523930
2007 523930
2012 523930
2017 523930
2022 523940

Standard Industrial Classification (SIC) Mappings

  1. 6282 - Investment Advice

Insurance Industry Mappings

The US Property and Casualty Insurance Industry may use the following classification descriptions which might encompass national industry 523930, Investment Advice:

  1. consultant financial
  2. consultant financial planning
  3. finance and insurance
  4. financial planner
  5. financial planner consultant
  6. financial planner office
  7. financial planning
  8. financial planning service
  9. investment advice
  10. investment advice naic
  11. investment company
  12. investment institution
  13. investment service
  14. office financial planner
  15. other consulting service
  16. other financial investment activity
  17. security commodity contract and other financial investment and related activity


What's the difference between HD and SD? See our methodology.