NAICS Code 523920 Portfolio Management

Industry

Finance and Insurance

Description

This industry comprises establishments primarily engaged in managing the portfolio assets (i.e., funds) of others on a fee or commission basis. Establishments in this industry have the authority to make investment decisions, and they derive fees based on the size and/or overall performance of the portfolio.

Cross References

Establishments primarily engaged in investment banking, securities dealing, securities brokering, commodity contracts dealing, or commodity contracts brokering are classified in Industry Group 5231, Securities andCommodity Contracts Intermediation and Brokerage.

Illustrative Examples

  • Portfolio fund managing
  • Mutual fund managing
  • Pension fund managing
  • Managing trusts

Industries Included

  • Investment management
  • Managing investment funds
  • Managing mutual funds
  • Managing personal investment trusts
  • Managing trusts
  • Mutual fund managing
  • Pension fund managing
  • Personal investments trusts, managing
  • Portfolio fund managing
  • Private equity fund managing