Portfolio Management and Investment Advice

📘 Source: U.S. Census Bureau — 2022 NAICS Manual

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. Illustrative Examples: Financial planning services, customized, fees paid by client Investment advisory services, customized, fees paid by client Managing trusts Portfolio fund managing

NAICS code 523940 — Portfolio Management and Investment Advice — is used in SAM.gov to identify businesses whose primary activity falls within this classification. When you add this code to your SAM.gov entity registration, contracting officers searching for vendors in the Other Financial Investment Activities space will be able to find your business.

If this code represents your primary business activity, designate it as your primary NAICS code. Your primary NAICS code determines your size standard for any contract solicited under this code. With a size standard of $47M average annual receipts, your business must be at or below this threshold to qualify as a small business for set-aside contracts under NAICS 523940.

What is NAICS code 523940?

NAICS code 523940 is 'Portfolio Management and Investment Advice', classified under the Finance and Insurance sector (NAICS 52). 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

What is the SBA small business size standard for NAICS code 523940?

The SBA defines a small business under NAICS code 523940 (Portfolio Management and Investment Advice) as one with $47M average annual receipts. This size standard determines eligibility for small business set-aside contracts, 8(a), HUBZone, WOSB, and SDVOSB programs in SAM.gov.

How do I register NAICS code 523940 in SAM.gov?

To register NAICS code 523940 in SAM.gov: (1) Log in at sam.gov, (2) Navigate to your Entity Registration, (3) Go to the Assertions section, (4) Add 523940 (Portfolio Management and Investment Advice) to your NAICS code list. You may designate one code as your Primary NAICS code.