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.
- NAICS code
- 523940
- Title
- Portfolio Management and Investment Advice
- Sector
- 52 Finance and Insurance
- Subsector
- 523 Securities, Commodity Contracts, and Other Financial Investments and Related Activities
- Industry group
- 5239 Other Financial Investment Activities
- SBA size standard
- $47 million average annual receipts
- Open bids on BidRover
- 0
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What is NAICS code 523940?
NAICS 523940 is "Portfolio Management and Investment Advice" in the 2022 North American Industry Classification System, in sector 52 (Finance and Insurance). 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.
What is the SBA size standard for NAICS 523940?
A business is small under NAICS 523940 at or below $47 million average annual receipts, including affiliates (13 CFR 121.201). Confirm the standard named in each solicitation.
How many government bids are open under NAICS 523940?
No open bid in BidRover cites NAICS 523940 right now. Many state and local notices do not list a NAICS code, so a keyword alert for this work catches more of them.
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Title and definition: U.S. Census Bureau, North American Industry Classification System (NAICS), 2022. Size standard: U.S. Small Business Administration, Small Business Size Standards, 13 CFR 121.201 (eCFR text as of Oct 21, 2026). Bid counts come from official public sources and refresh every hour; confirm the code and size standard in each solicitation.