Industry Description
This industry comprises establishments primarily engaged in acting as agents (i.e., brokers) between buyers and sellers in buying or selling securities on a commission or transaction fee basis.
Illustrative Examples:
Mutual fund agencies (i.e., brokerages)
Stock brokerages
Securities brokerages
Cross-References.
Business Examples
Common types of business activities within NAICS 523120 - Securities Brokerage are:
- Bond brokerages
- Commercial note brokers' offices
- Certificate of deposit (CD) brokers' offices
- Stock options brokerages
- Stock brokers' offices
- Securities brokers' offices
- Securities brokerages
- Stock brokerages
- Brokerages, securities
- Securities floor brokers
- Mutual fund agents' (i.e., brokers') offices
- Mutual fund agencies (i.e., brokerages)
IBISWorld Industry Research Report
Securities Brokering in the US (52312)
Revenue 2023
$188.2bn
Growth 2023
0.25%
Key Trends
the industry has shifted to zero commission trades
Retail investors increasing as a market segment in the last couple of years
Brokers have increasingly moved to a fee-based structure
Products and Services
Similar Industries
For some business types, there may be a similar industry to 523120 - Securities Brokerage that is a better classification match. Establishments primarily engaged in:
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NAICS Cross Reference
Establishments primarily engaged in investment banking and securities dealing (i.e., buying or selling securities on their own account) are classified in Industry 523110, Investment Banking and Securities Dealing.
IBISWorld industry research report
NAICS Hierarchy 523120 - Securities Brokerage
NAICS Code 523120 - Securities Brokerage sits in the 2-digit Securities Brokerage sector. NAICS codes can be 2- to 6-digits and the further along the hierarchy, the more detailed and specific the category will be. Learn more about the structure of NAICS codes
2 Digits: 52
Sector Title: Finance and Insurance
3 Digits 4 Digits 5 Digits 6 Digits
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5211 Monetary Authorities-Central Bank
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52111 Monetary Authorities-Central Bank
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5221 Depository Credit Intermediation
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52211 Commercial Banking
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52212 Savings Institutions
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52213 Credit Unions
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52219 Other Depository Credit Intermediation
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5222 Nondepository Credit Intermediation
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52221 Credit Card Issuing
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52222 Sales Financing
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52229 Other Nondepository Credit Intermediation
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5223 Activities Related to Credit Intermediation
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52231 Mortgage and Nonmortgage Loan Brokers
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52232 Financial Transactions Processing, Reserve, and Clearinghouse Activities
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52239 Other Activities Related to Credit Intermediation
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5231 Securities and Commodity Contracts Intermediation and Brokerage
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52311 Investment Banking and Securities Dealing
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52312 Securities Brokerage
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52313 Commodity Contracts Dealing
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52314 Commodity Contracts Brokerage
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5232 Securities and Commodity Exchanges
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52321 Securities and Commodity Exchanges
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5239 Other Financial Investment Activities
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52391 Miscellaneous Intermediation
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52392 Portfolio Management
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52393 Investment Advice
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52399 All Other Financial Investment Activities
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5241 Insurance Carriers
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52411 Direct Life, Health, and Medical Insurance Carriers
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52412 Direct Insurance (except Life, Health, and Medical) Carriers
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52413 Reinsurance Carriers
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5242 Agencies, Brokerages, and Other Insurance Related Activities
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52421 Insurance Agencies and Brokerages
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52429 Other Insurance Related Activities
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5251 Insurance and Employee Benefit Funds
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52511 Pension Funds
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52512 Health and Welfare Funds
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52519 Other Insurance Funds
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5259 Other Investment Pools and Funds
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52591 Open-End Investment Funds
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52592 Trusts, Estates, and Agency Accounts
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52599 Other Financial Vehicles
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NAICS Resources
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