NAICS code: 523940 — Portfolio Management and Investment Advice
2022 NAICS code: 523940 — Portfolio Management and Investment Advice
Industry description: 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.

NAICS 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

ExioML sector: Services auxiliary to financial intermediation (67)
Region: US, year: 2022
Value added: 469981.27788 M.EUR
Employment: 1762.64749713 thousand persons
GHG emissions: 5220632767.54 kg CO2 eq.
Energy carrier net total: 101436.728861 TJ
Carbon intensity: 0.011108171778861755

Companies in this industry:

Company: Capital Group Companies Inc
The Capital Group Companies, Inc. (Capital Group) is a global investment management organization that primarily focuses on helping investors achieve their financial goals. The company's main activities include managing money, conducting research, and maintaining long-term relationships with its clients.

Company: Lazard Group LLC
Lazard is one of the most respected names in global financial services, standing for excellence, integrity and innovation on behalf of clients. Founded in 1848, today our mission remains the same: To provide sophisticated and differentiated advice and investment solutions, custom-tailored for our clients.

Company: KKR & Co Inc
KKR & Co. Inc. operates as an investment firm. The Company manages investments such as private equity, energy, infrastructure, real estate, credit strategies, and hedge funds.

Company: Fmr LLC
FMR LLC, doing business as Fidelity Institutional Asset Management, operates as a financial services corporation. The Company offers investment management, retirement options, brokerage, financial planning, and wealth management services.

Company: Invesco Ltd
Invesco is an independent global investment management firm dedicated to delivering an investment experience that helps people get more out of life.

Company: Stonex Group Inc
StoneX provides international clearing and custody services for both securities and futures, offering the best in customer service, global access and consistent innovation in pre- and post-trade technologies. Access deep, global liquidity across equities, derivatives and fixed income all from one trusted partner.

Company: Blackstone Inc
Blackstone is the world's largest alternative asset manager, with more than $1 trillion in AUM. We serve institutional and individual investors by building strong businesses that deliver lasting value.

Company: Lone Star Fund V (us) LP
Description. Lone Star Fund V was a 2002 vintage real estate distressed fund managed by Lone Star Funds. The fund was located in Dallas, Texas, and invested in the United States and Germany . The fund is invested in the restaurants, hotels, leisure, infrastructure, industrials, and 3D printing sectors.

Company: Apollo Global Management Inc
Apollo is a leading provider of alternative asset management and retirement solutions. We help build and finance stronger businesses through innovative capital solutions that can generate excess risk-adjusted returns and retirement income.

Company: T Rowe Price Group Inc
Corporate Profile The organization provides a broad array of mutual funds, subadvisory services, and separate account management for individual and institutional investors, retirement plans, and financial intermediaries. The company also offers sophisticated investment planning and guidance tools.

Company: Carlyle Group Inc
The Carlyle Group Inc. is an American multinational private equity, alternative asset management and financial services corporation based in the United States with $426 billion of assets under management. It specializes in private equity, real assets, and private credit.