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.

IRI: http://lmss.sali.org/UDUCrCXqR4CCpcNe2xl16Q
Branch: Industry and Market
Source: https://www.naics.com/six-digit-naics/?code=523940

Examples

Financial planning services, customized, fees paid by client
Investment advisory services, customized, fees paid by client
Managing trusts
Portfolio fund managing

Ancestry path

Industry and Market Industry Finance and Insurance Services Industry Securities, Commodity Contracts, and Other Financial Investments and Related Activities Industry Other Financial Investment Activities Portfolio Management and Investment Advice

Generated from sali-legal/LMSS at 3f9ac0c9357b (2026-03-10). JSON