Understanding the NAICS Code for Investment Advice

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Investment advice is a crucial service that helps individuals and businesses make informed financial decisions. To classify and organize businesses involved in providing investment advice, the North American Industry Classification System (NAICS) has assigned a specific code, known as the NAICS Code 523930, for this industry.

NAICS Code 523930 Description

The NAICS Code 523930 is specifically assigned to businesses engaged in providing investment advice. This includes financial advisors, investment advisors, and financial planning services that help clients develop customized investment strategies.

Industry Examples of NAICS 523930

The industry covered by NAICS Code 523930 includes a diverse range of businesses. Some examples of businesses that fall under this category are:

Independent financial advisory firms
Wealth management companies
Investment consulting firms
Retirement planning services

Cross-References

The NAICS Code 523930 is connected to various other classification systems. These include:

Standard Industrial Classification (SIC) Code
International Standard Industrial Classification (ISIC) Code

Industry Statistics and Data

Gaining insights into the investment advice industry is essential for both professionals and individuals seeking financial guidance. Various market research firms, such as IBISWorld, provide comprehensive reports and analysis on the investment advice industry. These reports cover market size, industry trends, procurement reports, price trends, and supply chain research.

NAICS Code 523930 and Business Data

Understanding the scale and scope of the investment advice industry requires access to relevant business data. The NAICS Code 523930 provides valuable information, such as:

Total number of companies operating in the industry
Number of verified companies
Estimated employment figures
Annual payroll
Total revenue generated by the industry
Small Business Administration (SBA) size standard

Classification Research Tools

For in-depth research and classification purposes, several tools are available to explore and analyze the NAICS Code 523930. These tools help professionals and researchers gain a deeper understanding of the industry and its dynamics.

The NAICS Code Lookup

The NAICS Code Lookup is a valuable resource for individuals and organizations looking for specific NAICS codes. It provides a comprehensive database of codes and associated industry descriptions.