NAICS code: 523930 — 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: Frank Russell Company
Frank Russell Company, doing business as Russell Investment Group, provides investment advisory services. The Company offers investment services which includes investment management, portfolio management, and consulting services. Russell Investment Group serves customers worldwide.

Company: Marlin Equity Partners LLC
Marlin Equity Partners, LLC operates as an investment firm. The Company invests in software and technology, services, healthcare, consumer, and industrial sectors. Marlin Equity Partners serves customers worldwide.

Company: Angelo Gordon & Co LP
Angelo, Gordon & Co., L.P. is an investment management firm focused on credit and real estate. The Company invests on behalf of pension funds, corporations, endowments, foundations, sovereign wealth funds, and individuals globally.

Company: Alliancebernstein LP
AllianceBernstein L.P. operates as an investment management company. The Company offers stock portfolios, bonds, asset allocation, proprietary trading, retirement planning, investment banking, and wealth management services. AllianceBernstein serves customers in the State of New York.

Company: JP Morgan Securities LLC
J.P. Morgan Securities LLC operates as an investment management company. The Company offers wealth planning, education funding, research, securities, brokerage solutions, consulting programs, and portfolio management services. J.P. Morgan Securities serves customers worldwide.

Company: Bear Stearns Companies LLC
The Bear Stearns Companies LLC operates as a finance company. The Company offers buying and selling of equities, fixed incomes, currencies, and related securities.

Company: Pennymac Financial Svcs Inc
PennyMac Financial Services Inc (PennyMac) is a financial services provider. The company's services include loan production, loan servicing, and investment management. Its mortgage loans include correspondent production, consumer direct lending, and broker direct lending.

Company: A C S Humn Resources Solutions
ACS HR Solutions LLP offers human resources outsourcing services. The Company offers services including HR outsourcing, benefits administration, payroll, and relocation and assignment.

Company: Synovus Trust Company NA
Synovus Trust Company, N.A., a subsidiary of Synovus Bank, provides personal trust and estate services, institutional trust services and multi-generational family office services through our Family Asset ManagementSM division.

Company: Vnu Marketing Information Inc
VNU Marketing Information Inc is headquartered in the United States. The Company's line of business includes preparing advertising and placing such advertising in periodicals, newspapers, radio and television, and other media outlets.

Company: Arthur J Gallagher & Co
Arthur J. Gallagher & Co. and its subsidiaries provide insurance brokerage, risk management, employee benefit, and other related services to clients in the United States and abroad. The Company's principal activity is the negotiation and placement of insurance for its clients.

Company: Putnam Investments LLC
Putnam Investments, LLC operates as an investment management firm. The Company offers portfolio management, financial planning, and investment advisory services, as well as renders investment services across a range of equity, fixed income, absolute return, and alternative strategies.

Company: Eec Acquisition LLC
The Company offers programs and commercial kitchen repair solutions customized for foodservice operators. Smart Care Equipment Solutions serves restaurants, hospitality, food retail and management, healthcare, and other sectors in in the United States.

Company: Tiptree Inc
ABP Corporation, doing business as Au Bon Pain, owns and operates a chain of cafes. The Company sells coffee drinks, soups, salads, sandwiches, cookies, breads, oatmeal, snacks, yoghurt, and toppings. Au Bon Pain serves customers throughout the United States.