Industry Description
This industry comprises establishments primarily engaged in acting as principals (except investment bankers, securities dealers, and commodity contracts dealers) in buying or selling financial contracts generally on a spread basis. Principals are investors that buy or sell for their own account.
Illustrative Examples:
Investment clubs
Tax liens dealing (i.e., acting as a principal in dealing tax liens to investors)
Mineral royalties or leases dealing (i.e., acting as a principal in dealing royalties or leases to investors)
Venture capital companies
Cross-References.
Business Examples
Common types of business activities within NAICS 523910 - Miscellaneous Intermediation are:
- Investment clubs
- Venture capital companies
- Securities speculators for own account
- Mineral royalties or leases dealing (i.e., acting as a principal in dealing royalties or leases to investors)
- Oil royalty dealing (i.e., acting as a principal in dealing royalties to investors)
- Mortgage dealers, buying and selling
- Individuals investing in financial contracts on own account
- Viatical settlement companies
- Tax liens dealing (i.e., acting as a principal in dealing tax liens to investors)
IBISWorld Industry Research Report
Venture Capital & Principal Trading in the US (52391)
Revenue 2025
$81bn
Growth 2025
5.18%
Key Trends
A heightened appetite for mergers and acquisitions has benefited venture capital firms
Venture capital firms will need to find new ways to raise capital as liquidity dries
Dwindling liquidity and its repercussions will be the primary challenges for venture capitalists
Products and Services
Similar Industries
For some business types, there may be a similar industry to 523910 - Miscellaneous Intermediation that is a better classification match. Establishments primarily engaged in:
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NAICS Cross Reference
Establishments primarily engaged in investment banking, securities dealing, securities brokering, commodity contracts dealing, or commodity contracts brokering are classified in Industry Group 5231, Securities and Commodity Contracts Intermediation and Brokerage.
IBISWorld industry research report
NAICS Hierarchy 523910 - Miscellaneous Intermediation
NAICS Code 523910 - Miscellaneous Intermediation sits in the 2-digit Miscellaneous Intermediation 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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