Identification
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Definition
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.
Examples
- • Financial planning services, customized, fees paid by client
- • Investment advisory services, customized, fees paid by client
- • Managing trusts
- • Portfolio fund managing
Class Relationships
Sub Class Of
Is Defined By
https://www.naics.com/six-digit-naics/?code=523940
See Also
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Parent Class Of 0
- • None
Class Hierarchy Visualization
Interactive graph showing class relationships - click on any node to navigate to that class
Additional Information
Metadata
Comment
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Description
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Notes
- • None
Editorial Information
History Note
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Editorial Note
None
Deprecated
No
Source and Origin
No source or origin information available