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# NAICS code 523150: Investment Banking and Securities Intermediation

The companies classified under NAICS 523150, where they are based, how big they are and how the code maps to SIC.

By Enrich.chat Editorial. Updated October 22, 2026.

**Short answer:** NAICS 523150 is the code for Investment Banking and Securities Intermediation, in sector 52: Finance and Insurance. The companies counted under it are mostly very small: 52% have 50 or fewer employees, and 59% are headquartered in the United States.

## What is NAICS 523150?

NAICS 523150 is the code for Investment Banking and Securities Intermediation. It belongs to sector 52: Finance and Insurance. NAICS, the North American Industry Classification System, is the standard U.S. government agencies use to sort businesses by what they mainly do, and each digit narrows the category. Most of the companies counted also carry SIC 6211, Security broker and dealer, in the older SIC system (99%). NAICS is a North American system, so companies outside the US, Canada and Mexico are placed in it by classification.

- 52% of the companies counted have 50 or fewer employees, and the middle one is in the 11 to 50 range.
- The largest group is headquartered in the United States (59%). Within the US, New York is the biggest state (32%).
- Most were founded in the 2000s (27%), then the 2010s (24%).

**Figure: How NAICS 523150 is built.** The code 523150 split into its parts: sector 52, then subsector, industry group, NAICS industry and U.S. industry.

*The six digits of NAICS 523150. Each digit narrows the category.*

## Which companies are classified under NAICS 523150?

The biggest by headcount range include Cantor Fitzgerald, Wells Fargo Securities, Stifel Financial, Raymond James and Karvy Finapolis. Names link to a company profile where we have one.

| Company | Headquarters | Employees |
| --- | --- | --- |
| [Wells Fargo Securities](https://enrich.chat/company/wells-fargo-securities/) | St. Louis, MO | 10,001+ |
| Stifel Financial | St. Louis, MO | 5,001 to 10,000 |
| Raymond James | Toronto, Canada | 5,001 to 10,000 |
| Karvy Finapolis | Hyderabad, India | 5,001 to 10,000 |
| Point72 | Stamford, CT | 1,001 to 5,000 |
| Hdfc Securities | Mumbai, India | 1,001 to 5,000 |
| Jump Trading | Chicago, IL | 1,001 to 5,000 |
| Cboe Global Markets | Chicago, IL | 1,001 to 5,000 |
| Western & Southern Financial Group | Cincinnati, OH | 1,001 to 5,000 |
| 777 Partners | Miami, FL | 1,001 to 5,000 |
| Piper Jaffray | Minneapolis, MN | 1,001 to 5,000 |
| Hoist Finance | Stockholm, Sweden | 1,001 to 5,000 |
| Jumeirah Golf Estates | Dubai, United Arab Emirates | 1,001 to 5,000 |
| Janney Montgomery Scott | Philadelphia, United States | 1,001 to 5,000 |
| Religare Broking | Noida, India | 1,001 to 5,000 |
| [BMO](https://enrich.chat/company/bmo/) | Toronto, Canada | 1,001 to 5,000 |
| Truist Securities | Atlanta, United States | 1,001 to 5,000 |
| Lincoln International | Chicago, IL | 501 to 1,000 |
| Btig | San Francisco, CA | 501 to 1,000 |
| La Française | Paris, France | 501 to 1,000 |
| Edmond De Rothschild Asset Management | Paris, France | 501 to 1,000 |
| Harris Williams | Richmond, VA | 501 to 1,000 |
| Hilltop Securities | Dallas, TX | 501 to 1,000 |
| Ms Fincap Private | Jaipur, India | 501 to 1,000 |
| Samco Securities | Mumbai, India | 501 to 1,000 |

The table shows the 25 biggest by headcount range, with ties broken by audience size. The charts and percentages below cover every company counted for this page, not just these 25, and companies with fewer than 11 employees are not counted. Headquarters is the location on each company's public profile.

## Where are NAICS 523150 companies based?

The largest groups are headquartered in the United States (59%), France (11%) and Canada (7%).

**Figure: Where companies in NAICS 523150 are based.** Bars for the share of counted companies in NAICS 523150 headquartered in each country: United States 59%, France 11%, Canada 7%, India 6%, United Kingdom 5%, Netherlands 2%, Sweden 2%, Bangladesh 1%.

*Share of counted companies in NAICS 523150 by headquarters country.*

Within the United States, New York (32%), California (11%) and Illinois (6%) lead.

**Figure: US headquarters of companies in NAICS 523150, by state.** A tile map of the United States shaded by the share of counted US companies in NAICS 523150 headquartered in each state. The largest are New York 32%, California 11%, Illinois 6%.

*Share of counted US companies in NAICS 523150 by headquarters state. The three largest states are outlined.*

## How big are the companies counted for NAICS 523150?

52% of them have 50 or fewer employees, and the middle one is in the 11 to 50 range. Companies with fewer than 11 employees are not counted.

**Figure: Size of companies in NAICS 523150.** Seven columns for the share of counted companies in NAICS 523150 in each employee range: 11 to 50 52%, 51 to 200 31%, 201 to 500 7%, 501 to 1,000 4%, 1,001 to 5,000 5%, 5,001 to 10,000 1%, 10,001+ 0%.

*Share of counted companies in NAICS 523150 in each employee range.*

## How old are NAICS 523150 companies?

Most were founded in the 2000s (27%), then the 2010s (24%).

**Figure: When companies in NAICS 523150 were founded.** Eight columns for the share of counted companies in NAICS 523150 founded in each era: Before 1960 6%, 1960s 2%, 1970s 5%, 1980s 13%, 1990s 23%, 2000s 27%, 2010s 24%, 2020s 2%.

*Share of counted companies in NAICS 523150 by the era they were founded in, for the ones that list a founding year.*

## How NAICS 523150 compares

- New York holds 32% of the US companies here, against 6% across all NAICS codes on this site.

## How do NAICS 523150 companies describe themselves?

A code is assigned by classification, and a company does not choose its own, so the label a company uses for itself can differ. The most common labels here are Financial Services (60%), Investment Management (16%) and Investment Banking (11%).

**Figure: How companies in NAICS 523150 describe themselves.** Bars for the share of counted companies in NAICS 523150 that give each industry on their public profile: Financial Services 60%, Investment Management 16%, Investment Banking 11%, Venture Capital and Private Equity Principals 5%, Real Estate 5%.

*Share of counted companies in NAICS 523150 by the industry they list on their public profile.*

## NAICS 523150 and the SIC system

NAICS replaced SIC in 1997, but the two do not line up one to one: companies filed under one NAICS code can carry several SIC codes. These are the ones seen most.

| Code | Title | Share of counted |
| --- | --- | --- |
| SIC 6211 | Security broker and dealer | 99% |

## Where NAICS codes come from

NAICS is maintained by the U.S. Census Bureau with Canada and Mexico and revised every five years; the current edition is NAICS 2022. To check exactly what a code includes, search the [official NAICS index](https://www.census.gov/naics/) or read the Census Bureau's [guide to understanding NAICS](https://www.census.gov/programs-surveys/economic-census/year/2022/guidance/understanding-naics.html). Pick a code by what a company mostly does, not by who it sells to.

## How do you reach the people at NAICS 523150 companies?

The people to talk to are usually finance, operations and technology leaders. You can build the list from this code in three prompts to your AI agent.

### 1. Count them (free)

Counting who matches never uses credits.

```text
Use www.enrich.chat to count the companies with NAICS code 523150 (Investment Banking and Securities Intermediation)
```

### 2. Find the people (5 credits per person)

Name the roles you sell to. Each person returned is 5 credits, and name, title and company are included.

```text
Use www.enrich.chat to find the finance, operations and technology leaders at companies with NAICS code 523150, with their titles
```

### 3. Get their work emails (10 credits each)

An email is 10 credits only when one is found. Every email comes with a status: verified, catch-all or unknown.

```text
Use www.enrich.chat to find the work emails for these people and tell me which ones are verified
```

## More to explore

Others in sector 52:

[NAICS 524210: Insurance Agencies and Brokerages](https://enrich.chat/naics/524210/)[NAICS 523940: Portfolio Management and Investment Advice](https://enrich.chat/naics/523940/)[NAICS 522130: Credit Unions](https://enrich.chat/naics/522130/)[NAICS 523910: Miscellaneous Intermediation](https://enrich.chat/naics/523910/)[NAICS 522292: Real Estate Credit](https://enrich.chat/naics/522292/)[NAICS 522320: Financial Transactions Processing, Reserve](https://enrich.chat/naics/522320/)[NAICS 522310: Mortgage and Nonmortgage Loan Brokers](https://enrich.chat/naics/522310/)[NAICS 524113: Direct Life Insurance Carriers](https://enrich.chat/naics/524113/)

## Frequently asked questions

### What is NAICS code 523150?

NAICS 523150 is the code for Investment Banking and Securities Intermediation, in sector 52: Finance and Insurance.

### What is the SIC code for NAICS 523150 (Investment Banking and Securities Intermediation)?

99% of the companies counted carry SIC 6211 (Security broker and dealer), but the two systems do not map one to one.

### Which companies are classified under NAICS 523150?

The biggest by headcount range include Cantor Fitzgerald, Wells Fargo Securities, Stifel Financial, Raymond James and Karvy Finapolis. The page lists 25 with links to their profiles where we have them.

### Where are NAICS 523150 companies based?

The largest groups are headquartered in the United States (59%), France (11%) and Canada (7%).

### How big are the companies in NAICS 523150?

52% have 50 or fewer employees, and the middle one is in the 11 to 50 range. Companies with fewer than 11 employees are not counted.

### How do I find a company's NAICS code?

Search the official NAICS index at the U.S. Census Bureau for the code that matches what the company mostly does. Public companies in the US also list a SIC code in their SEC EDGAR profile.

## Try this prompt

Find the people at NAICS 523150 companies

```text
Use www.enrich.chat to find the finance, operations and technology leaders at companies with NAICS code 523150, with titles and verified work emails
```

## Related

- [Companies using a technology](https://enrich.chat/companies-using/)
- [Tech stack lookup](https://enrich.chat/tools/tech-stack-lookup/)
