523940 Portfolio Management and Investment Advice
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. Illustrative Examples: Financial planning services, customized, fees paid by client Investment advisory services, customized, fees paid by client Managing trusts Portfolio fund managing Cross-References.
Where 523940 sits in the NAICS 2022 hierarchy
- >52 Finance and Insurance
- >>523 Securities, Commodity Contracts, and Other Financial Investments and Related Activities
- >>>5239 Other Financial Investment Activities
- >>>>52394 Portfolio Management and Investment Advice
- >>>>>523940 Portfolio Management and Investment Advice
- >>>>>523940 Portfolio Management and Investment Advice
523940 in other classification systems
Equivalent and related codes across 1 other system. Click any code to see its full definition, hierarchy, and crosswalks.
Frequently asked questions
- What is NAICS 2022 523940?
- NAICS 2022 523940 is "Portfolio Management and Investment Advice". 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. Illustrative Examples: Financial planning services, customized, fees paid by client Investment advisory services, customized, fees paid by client Managing trusts Portfolio fund managing Cross-References.
- How does NAICS 2022 523940 map to other classification systems?
- 523940 Portfolio Management and Investment Advice has equivalents in ISIC Rev 4 (6619, 6630). These crosswalks let you translate this code between NAICS 2022 and 1 other classification system.
- What is the parent category of 523940?
- 523940 Portfolio Management and Investment Advice sits under 523940 Portfolio Management and Investment Advice in the NAICS 2022 hierarchy.
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