NAICS Code 523940-07 - Independent Financial Advisers

Marketing Level - NAICS 8-Digit

Business Lists and Databases Available for Marketing and Research

Total Verified Companies: 341
Contact Emails: 670
Company Websites: 253
Phone Numbers: 339
Business Addresses: 341
Companies with Email: 195
Get Business List
NAICS CODE 523940-07
Reach new customers, connect with decision makers, and grow your business.
Pricing from $0.05 to $0.25 per lead
Ideal for: Direct Mailing Email Campaigns Calling Market Research ‐ Free Sample & Report, Custom Lists, and Expert Support — All Included
Looking for more companies? See NAICS 523940 - Portfolio Management and Investment Advice - 98,997 companies, 669,419 emails.

NAICS Code 523940-07 Description (8-Digit)

Independent Financial Advisers are professionals who provide personalized financial advice to clients. They work independently and are not affiliated with any financial institution or product provider. Their main goal is to help clients achieve their financial goals by providing them with unbiased advice and recommendations. Independent Financial Advisers analyze their clients' financial situation, including income, expenses, assets, and liabilities, to develop a customized financial plan that meets their clients' needs and objectives. They also provide ongoing support and advice to help clients stay on track and adjust their plan as needed.

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 Independent Financial Advisers industry for day-to-day tasks and operations.

  • Financial planning software
  • Investment analysis tools
  • Risk assessment tools
  • Retirement planning calculators
  • Tax planning software
  • Portfolio management software
  • Estate planning software
  • Client relationship management software
  • Compliance software
  • Market research tools

Industry Examples of Independent Financial Advisers

Common products and services typical of NAICS Code 523940-07, illustrating the main business activities and contributions to the market.

  • Retirement planning
  • Wealth management
  • Investment planning
  • Tax planning
  • Estate planning
  • Risk management
  • Insurance planning
  • Education planning
  • Debt management
  • Cash flow planning

History

A concise historical narrative of NAICS Code 523940-07 covering global milestones and recent developments within the United States.

  • The Independent Financial Advisers industry has a long history dating back to the early 1900s when the first financial advisors began offering investment advice to clients. In the 1970s, the industry experienced significant growth due to the introduction of new financial products and services, such as mutual funds and retirement plans. The 1980s saw the rise of independent financial advisors who were not affiliated with any particular financial institution. In the 1990s, the industry continued to grow as more people sought out financial advice and planning services. In recent years, the industry has faced challenges due to increased competition from robo-advisors and other online investment platforms, as well as increased regulation and scrutiny from government agencies. In the United States, the Independent Financial Advisers industry has a more recent history, with significant growth occurring in the 1990s and early 2000s. The industry has faced challenges in recent years due to increased competition from online investment platforms and robo-advisors, as well as increased regulation and scrutiny from government agencies. Despite these challenges, the industry continues to provide valuable financial advice and planning services to clients across the country.