NAICS Code 523940-01 - Investment Management

Marketing Level - NAICS 8-Digit

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NAICS CODE 523940-01
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NAICS Code 523940-01 Description (8-Digit)

Investment Management is a specialized industry that involves the professional management of various securities and assets to meet specific investment goals for clients. Investment managers work with individuals, corporations, and institutions to create and manage investment portfolios that align with their financial objectives. The industry is highly regulated and requires a deep understanding of financial markets, risk management, and investment strategies.

Parent Code - Official US Census

Official 6‑digit NAICS codes serve as the parent classification used for government registrations and documentation. The marketing-level 8‑digit codes act as child extensions of these official classifications, providing refined segmentation for more precise targeting and detailed niche insights. Related industries are listed under the parent code, offering a broader context of the industry environment. For further details on the official classification for this industry, please visit the U.S. Census Bureau NAICS Code 523940 page

Tools

Tools commonly used in the Investment Management industry for day-to-day tasks and operations.

  • Portfolio management software
  • Risk management software
  • Financial modeling tools
  • Investment analysis software
  • Trading platforms
  • Performance measurement tools
  • Asset allocation software
  • Investment research databases
  • Compliance management software
  • Client relationship management (CRM) software

Industry Examples of Investment Management

Common products and services typical of NAICS Code 523940-01, illustrating the main business activities and contributions to the market.

  • Mutual funds
  • Hedge funds
  • Pension funds
  • Endowment funds
  • Sovereign wealth funds
  • Exchange-traded funds (ETFs)
  • Private equity funds
  • Venture capital funds
  • Real estate investment trusts (REITs)
  • Insurance companies

History

A concise historical narrative of NAICS Code 523940-01 covering global milestones and recent developments within the United States.

  • The Investment Management industry has a long history dating back to the 18th century when the first mutual fund was created in the Netherlands. In the 20th century, the industry experienced significant growth, particularly in the United States, where the first index fund was created in the 1970s. The industry continued to evolve with the introduction of new financial products such as exchange-traded funds (ETFs) and the growth of alternative investments such as hedge funds and private equity. In recent years, the industry has faced challenges such as increased regulation and the rise of robo-advisors, which use algorithms to provide investment advice. Despite these challenges, the industry has continued to grow and adapt to changing market conditions. In the United States, the Investment Management industry has a more recent history, with the first mutual fund established in 1924. The industry experienced significant growth in the 1980s and 1990s, driven by the rise of defined contribution retirement plans such as 401(k)s. The industry also faced challenges during this period, including the stock market crash of 1987 and the dot-com bubble of the late 1990s. In the 21st century, the industry has continued to evolve with the growth of passive investing and the increasing popularity of ETFs. The industry has also faced increased scrutiny from regulators in the wake of the financial crisis of 2008. Despite these challenges, the Investment Management industry in the United States remains a vital part of the financial sector, providing individuals and institutions with a range of investment options.