NAICS Code 523920 - Portfolio Management

Industry Sector

Finance and Insurance

Total Companies


Est. Employment



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.


NAICS Code 523920 - Portfolio Management is a final level code of the “Finance and Insurance” Sector. There are 2,265 companies classified in this industry in the USA with an estimated employment of 281,722 people.

Industry Examples

Common types of examples within NAICS Code 523920 - Portfolio Management are:

  • 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


For some business types, there may be a similar industry to NAICS Code 523920 - Portfolio Management that is a better classification match. Establishments primarily engaged in investment banking, securities dealing, securities brokering, commodity contracts dealing, or commodity contracts brokering are classified in NAICS Code - 5231 - Securities andCommodity Contracts Intermediation and Brokerage..