Portfolio Management and Investment Advice
type: Class
subclass of: GXJzC7W9Q7KXgyDdjZGvFQ
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.
example: Financial planning services, customized, fees paid by client
example: Investment advisory services, customized, fees paid by client
example: Managing trusts
example: Portfolio fund managing