NAICS 523940 · Finance and Insurance

NAICS 523940: 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.

$47M receiptsSBA size standard

0open contracts now

0posted in the last 12 months

5239Other Financial Investment Activities

Open government contracts under NAICS 523940

Nothing is open under NAICS 523940 today. New solicitations post every day; search all open contracts or check back.

What NAICS 523940 covers

Examples of work in this code:

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

Not in this code

Establishments primarily engaged in investment banking, securities intermediation, and commodity contracts intermediation are classified in Industry Group 5231, Securities and Commodity Contracts Intermediation and Brokerage.
Establishments primarily engaged in acting as principals (except investment bankers, securities dealers, and commodity contracts dealers) in buying or selling financial contracts are classified in Industry 523910, Miscellaneous Intermediation.
Establishments primarily engaged in administering personal estates are classified in U.S. Industry 523991, Trust, Fiduciary, and Custody Activities.
Legal entities (i.e., trusts, estates, or agency accounts) administered on behalf of the beneficiaries under the terms of a trust agreement, will, or agency agreement are classified in Industry 525920, Trusts, Estates, and Agency Accounts.
Establishments providing investment advice in conjunction with their primary activity, such as the sale of stocks, bonds, annuities, and real estate, are classified according to their primary activity.
Establishments known as publishers providing generalized investment information to subscribers are classified in Subsector 513, Publishing Industries.

SBA size standard

A business is small under NAICS 523940 if it has no more than $47 million in average annual receipts (averaged over the last five completed fiscal years, including affiliates).

Source: SBA Table of Size Standards, effective 2023-03-17. Always check the size standard printed in the solicitation itself.

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Questions about NAICS 523940

What is NAICS code 523940?

NAICS 523940 is 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.

What is the SBA size standard for NAICS 523940?

The size standard for NAICS 523940 is $47 million in average annual receipts. Firms at or under it count as small businesses for contracts assigned this code.

Are there government contracts for portfolio management and investment advice?

None are open under NAICS 523940 today, but 0 were posted in the last 12 months. New ones post daily.

Can I bid on NAICS 523940 contracts without registering in SAM.gov?

You need an active SAM.gov registration to win a federal contract in your own name. If you would rather skip that, XL Eagle can bid as the prime contractor using your price, and you do the work as our subcontractor.

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