NAICS Code 523940 – Portfolio Management and Investment Advice
Official 6-digit NAICS national industry U.S. Census Bureau NAICS 2022
At a glance
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Industry examples
Census industry examples, shown as published.
- Certified financial planners, customized, fees paid by client
- Financial investment advice services, customized, fees paid by client
- Financial planning services, customized, fees paid by client
- Investment advice consulting services, customized, fees paid by client
- Investment advice counseling services, customized, fees paid by client
- Investment advisory services, customized, fees paid by client
- Investment management
- Managing investment funds
- Managing mutual funds
- Managing personal investment trusts
Show all industry examples
- Managing trusts
- Mutual fund managing
- Pension fund managing
- Personal investments trusts, managing
- Portfolio fund managing
- Private equity fund managing
Official definition
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.
Source: U.S. Census Bureau, NAICS 2022
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Business Lists & Company Data for NAICS 523940 - Portfolio Management and Investment Advice
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More specific segments in NAICS 523940
Segments let you target only the companies you need. Add one or more to your list to get pricing and a free sample.
98,997 U.S. companies across 15 segments · Segment codes are 8-digit commercial segments that extend the official 6-digit NAICS code. They are not official Census NAICS codes.
| Code | Segment | U.S. companies | Build your list |
|---|---|---|---|
| 523940-01 | Investment Management | 1,900 1,900 companies | |
| 523940-02 | Asset Management | 666 666 companies | |
| 523940-03 | Tax Sheltered Investments | 3 3 companies | |
| 523940-04 | Investment Trusts | 741 741 companies | |
| 523940-05 | Banks-Consulting Services | 21 21 companies | |
| 523940-06 | Financial Advisory Services | 74,137 74,137 companies | |
| 523940-07 | Independent Financial Advisers | 341 341 companies | |
| 523940-08 | Financial Planners-Certified | 5,597 5,597 companies | |
| 523940-09 | Financial Planning Consultants | 11,700 11,700 companies | |
| 523940-10 | Financial Report Analysts | 25 25 companies | |
| 523940-11 | Financing Consultants | 1,591 1,591 companies | |
| 523940-12 | Investment Advisory Referral Service | 41 41 companies | |
| 523940-13 | Mergers & Acquisitions | 1,515 1,515 companies | |
| 523940-14 | Retirement Income Funds | 39 39 companies | |
| 523940-15 | Retirement Planning Services | 680 680 companies |
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Key facts
- Code
- 523940
- Classification level
- Official 6-digit NAICS national industry
- Official source
- U.S. Census Bureau · NAICS 2022
Industry statistics
Historical statistics
2017 Economic Census
2017 Economic Census
- Establishments (2017)
- 147,327
Why do company counts differ?
The U.S. Economic Census counts establishments with paid employees that operated during the census year, including businesses that may have since closed. Its industry classifications draw on business-reported information and government records. SICCODE.com's counts reflect verified business records currently available for purchase, with classifications based on documented business activities. Differences in reporting periods, database coverage, classification methods and verification criteria mean the totals may differ.
Cross-references
- Establishments primarily engaged in investment banking, securities intermediation, and commodity contracts intermediation are classified in NAICS Code 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 NAICS Code 523910 - Miscellaneous Intermediation
- Establishments primarily engaged in administering personal estates are classified in U.S. NAICS Code 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 NAICS Code 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
- Establishments known as publishers providing generalized investment information to subscribers are classified in NAICS Code 513 - Publishing Industries
NAICS classification hierarchy
Five official Census levels, from sector to national industry, plus a commercial extended level.
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National industry 523940 Portfolio Management and Investment Advice
One example classification path is shown. Other branches may exist. Extended 8-digit codes are commercial segments, not official Census NAICS codes.
Sources
-
Official classification source U.S. Census Bureau.
North American Industry Classification System (2022), NAICS 523940. U.S. Census Bureau → -
SICCODE.com commercial data Company-record counts, coverage, and related commercial data are maintained by SICCODE.com. Methodology →
SICCODE.com is an independent publisher. Official NAICS titles and definitions come from the U.S. Census Bureau. Commercial database counts are SICCODE.com records.
About this classification
This page combines the official U.S. Census Bureau NAICS definition with classification crosswalks and SICCODE.com commercial data. Classifications are reviewed regularly by the Classification Review Team.