NAICS Code for Financial Advisor
The official U.S. Census 2022 NAICS classification representing Financial Advisor is primary NAICS code 523940 (Portfolio Management and Investment Advice).
NAICS Classification Details
| NAICS Code | 523940 |
|---|---|
| Official Title | Portfolio Management and Investment Advice |
| Primary SIC Equivalent | 6282 - Investment Advice |
| SBA Size Standard | $47.00 Million (Basis: Receipts) |
| Census Definition | 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. Establishments providing investment advice provide financial planning advice and investment counseling to meet the goals and needs of specific clients, but do not have the authority to execute trades. |
Alternate and Sub-Industry Mappings
Depending on specific business functions, your organization may also fall under these alternate classifications:
No alternate NAICS codes mapped.
Frequently Asked Questions
What is the primary NAICS code for Financial Advisor?
The official NAICS code representing Financial Advisor is 523940. The standard industry title is 'Portfolio Management and Investment Advice' under the 2022 Census classifications.
What is the equivalent SIC code for Financial Advisor?
The primary Standard Industrial Classification (SIC) code equivalent for Financial Advisor is 6282, officially titled 'Investment Advice' in the 1987 OSHA manual standard.
Are SBA size standards applicable to NAICS code 523940?
Yes, companies operating under NAICS code 523940 are evaluated under SBA size standards to determine small business status. The active standard is $47.00 Million (Basis: Receipts).