2022 Edition

national industry 523940

Portfolio Management and Investment Advice

Overview

This industry comprises establishments primarily engaged in managing the portfolio assets (i.e., funds) of others on a fee or commission basis and/or providing customized investment advice to clients on a fee basis. Establishments providing portfolio management have the authority to make investment decisions, and they derive fees based on the size and/or overall performance of the portfolio. Establishments providing investment advice provide financial planning advice and investment counseling to meet the goals and needs of specific clients, but do not have the authority to execute trades.

The immediate parent of national industry 523940 is international industry 52394: Portfolio Management and Investment Advice

Illustrative Examples

  • Financial planning services, customized, fees paid by client
  • Investment advisory services, customized, fees paid by client
  • Managing trusts
  • Portfolio fund managing

2022 NAICS Edition Cross References

  • Establishments primarily engaged in investment banking, securities intermediation, and commodity contracts intermediation are classified in Industry Group 5231, Securities and Commodity Contracts Intermediation and Brokerage;
  • Establishments primarily engaged in acting as principals (except investment bankers, securities dealers, and commodity contracts dealers) in buying or selling financial contracts are classified in Industry 523910, Miscellaneous Intermediation;
  • Establishments primarily engaged in administering personal estates are classified in U.S. Industry 523991, Trust, Fiduciary, and Custody Activities;
  • Legal entities (i.e., trusts, estates, or agency accounts) administered on behalf of the beneficiaries under the terms of a trust agreement, will, or agency agreement are classified in Industry 525920, Trusts, Estates, and Agency Accounts;
  • Establishments providing investment advice in conjunction with their primary activity, such as 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 513, Publishing Industries.

History

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 523920 523930
2007 523920 523930
2012 523920 523930
2017 523920 523930
2022 523940

Standard Industrial Classification (SIC) Mappings

Mappings are not available for this combination of NAICS code and edition.

Insurance Industry Mappings

Mappings are not available for this combination of NAICS code and edition.

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