NAICS code 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.
- announced, opening soon
- 1
- SBA small-business size limit
- $47.0M
Open federal bids for 523940
No federal bid under 523940 is open right now; 1 is announced. See all 523940 bids.
Is your company small for 523940?
The SBA limit is $47 million average annual receipts.
What 523940 covers
Included
- Financial planning services, customized, fees paid by client
- Investment advisory services, customized, fees paid by client
- Managing trusts
- Portfolio fund managing
Use another code for
- Establishments primarily engaged in investment banking, securities intermediation, and commodity contracts intermediation are classified in Industry Group 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 Industry 523910, Miscellaneous Intermediation
- Establishments primarily engaged in administering personal estates are classified in U.S. Industry 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 Industry 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 Subsector 513, Publishing Industries
Activities listed under 523940
- 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
- Managing trusts
- Mutual fund managing
Show all 16 entries
- Pension fund managing
- Personal investments trusts, managing
- Portfolio fund managing
- Private equity fund managing
Questions
What is NAICS code 523940?
NAICS 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.
What businesses use NAICS code 523940?
Examples from the U.S. Census Bureau: Financial planning services, customized, fees paid by client; Investment advisory services, customized, fees paid by client; Managing trusts; and Portfolio fund managing.
What is not included in NAICS 523940?
Businesses mainly establishments primarily engaged in investment banking, securities intermediation, and commodity contracts intermediation are classified in Industry Group 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 Industry 523910, Miscellaneous Intermediation; and establishments primarily engaged in administering personal estates are classified in U.S. Industry 523991, Trust, Fiduciary, and Custody Activities.
What is the SBA size standard for NAICS 523940?
$47 million average annual receipts (average of the last five fiscal years), including affiliates. Source: 13 CFR 121.201, effective March 17, 2023.
What is the SIC code for NAICS 523940?
SIC codes 6282 (Investment Advice), 6371 (Pension, Health, and Welfare Funds, part), 6733 (Trusts, Except Educational, Religious, and Charitable, part) and 6799 (Investors, NEC, part), from the U.S. Census Bureau concordances (1987 SIC → 2002 NAICS, carried to 2022 NAICS).
What is the IRS business code for NAICS 523940?
523900 (Other financial investment activities (including investment advice)) on Schedule C, line B, from the IRS list of principal business codes. The IRS code covers NAICS 523910–523999.
How do I find government contracts for NAICS 523940?
Federal agencies put a NAICS code on each solicitation in SAM.gov, and some states and cities use NAICS codes too. Add 523940 to your SAM.gov registration and to your bid alerts; PublicBeam emails new bids for the codes you choose every morning.
Source: U.S. Census Bureau, 2022 NAICS (public domain); bids: SAM.gov Contract Opportunities. PublicBeam is independent and not affiliated with the Census Bureau or any agency. Always check the NAICS code in the official notice before you bid.