Industry Description
This industry comprises establishments primarily engaged in providing customized investment advice to clients on a fee basis, but do not have the authority to execute trades. Primary activities performed by establishments in this industry are providing financial planning advice and investment counseling to meet the goals and needs of specific clients.
Illustrative Examples:
Financial investment advice services, customized, fees paid by client
Investment advisory services, customized, fees paid by client
Financial planning services, customized, fees paid by client
Cross-References.
Business Examples
Common types of business activities within NAICS 523930 - Investment Advice are:
- Investment advice consulting services, customized, fees paid by client
- Investment advisory services, customized, fees paid by client
- Financial planning services, customized, fees paid by client
- Investment advice counseling services, customized, fees paid by client
- Certified financial planners, customized, fees paid by client
- Financial investment advice services, customized, fees paid by client
IBISWorld Industry Research Report
Financial Planning & Advice in the US (52393)
Revenue 2022
$59.3bn
Growth 2022
-7.50%
Key Trends
Financial volatility is expected to affect total AUM and fees generated by industry operators in 2021
Revenue growth has been supported by a growth equity market and strong bond yields
The emergence of financial technology will likely continue to make industry services more accessible
Products and Services
Similar Industries
For some business types, there may be a similar industry to 523930 - Investment Advice that is a better classification match. Establishments primarily engaged in:
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NAICS Cross Reference
Establishments known as publishers providing generalized investment information to subscribers are classified in Subsector 511, Publishing Industries (except Internet), or Industry 519130, Internet Publishing and Broadcasting and Web Search Portals.
IBISWorld industry research report
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NAICS Cross Reference
Establishments known as publishers providing generalized investment information to subscribers are classified in Subsector 511, Publishing Industries (except Internet), or Industry 519130, Internet Publishing and Broadcasting and Web Search Portals.
IBISWorld industry research report
NAICS Hierarchy 523930 - Investment Advice
NAICS Code 523930 - Investment Advice sits in the 2-digit Investment Advice 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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