> Enrich.chat gives AI agents verified work emails and mobiles. To use it from an agent, read https://enrich.chat/agents.md . This is the Markdown version of https://enrich.chat/naics/523940/ # NAICS code 523940: Portfolio Management and Investment Advice The companies classified under NAICS 523940, 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 523940 is the code for Portfolio Management and Investment Advice, in sector 52: Finance and Insurance. The companies counted under it are mostly very small: 65% have 50 or fewer employees, and 81% are headquartered in the United States. ## What is NAICS 523940? NAICS 523940 is the code for Portfolio Management and Investment Advice. 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 6282, Investment advisory service, in the older SIC system (79%). NAICS is a North American system, so companies outside the US, Canada and Mexico are placed in it by classification. - 65% 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 (81%). Within the US, New York is the biggest state (13%). - Most were founded in the 2010s (27%), then the 2000s (26%). **Figure: How NAICS 523940 is built.** The code 523940 split into its parts: sector 52, then subsector, industry group, NAICS industry and U.S. industry. *The six digits of NAICS 523940. Each digit narrows the category.* ## Which companies are classified under NAICS 523940? The biggest by headcount range include Fidelity, Morningstar, Edward Jones, Moody's and Broadridge Financial Solutions. Names link to a company profile where we have one. | Company | Headquarters | Employees | | --- | --- | --- | | [Fidelity](https://enrich.chat/company/fidelity/) | Boston, MA | 10,001+ | | [Morningstar](https://enrich.chat/company/morningstar/) | Chicago, IL | 10,001+ | | [Edward Jones](https://enrich.chat/company/edward-jones/) | St. Louis, MO | 10,001+ | | [Raymond James](https://enrich.chat/company/raymond-james/) | St. Petersburg, FL | 10,001+ | | Onemain Financial | Baltimore, MD | 10,001+ | | [Tata Capital](https://enrich.chat/company/tata-capital/) | Mumbai, India | 5,001 to 10,000 | | Fisher Investments | Plano, TX | 5,001 to 10,000 | | Gm Financial | Fort Worth, TX | 5,001 to 10,000 | | [Ameriprise Financial](https://enrich.chat/company/ameriprise-financial/) | Minneapolis, MN | 5,001 to 10,000 | | Thrivent | Minneapolis, MN | 5,001 to 10,000 | | Ascensus | Dresher, PA | 5,001 to 10,000 | | Wintrust Financial | Rosemont, IL | 5,001 to 10,000 | | Bridgewater Associates | Westport, CT | 1,001 to 5,000 | | Bnp Paribas Asset Management | Nanterre, France | 1,001 to 5,000 | | Alliancebernstein | Nashville, TN | 1,001 to 5,000 | | Mirvac | Sydney, Australia | 1,001 to 5,000 | | Janus Henderson Investors | Denver, CO | 1,001 to 5,000 | | Envestnet | Berwyn, PA | 1,001 to 5,000 | | Barings | Charlotte, NC | 1,001 to 5,000 | | Cetera Financial Group | San Diego, CA | 1,001 to 5,000 | | Captrust | Raleigh, NC | 1,001 to 5,000 | | Cambridge Associates | Boston, MA | 1,001 to 5,000 | | Eastspring Investments | Singapore, Singapore | 1,001 to 5,000 | | Ci Financial | Toronto, Canada | 1,001 to 5,000 | | Healthequity | Draper, UT | 1,001 to 5,000 | 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 523940 companies based? The largest groups are headquartered in the United States (81%), the United Kingdom (4%) and India (3%). **Figure: Where companies in NAICS 523940 are based.** Bars for the share of counted companies in NAICS 523940 headquartered in each country: United States 81%, United Kingdom 4%, India 3%, Canada 2%, France 2%, Australia 2%, Germany 1%, Switzerland 1%. *Share of counted companies in NAICS 523940 by headquarters country.* Within the United States, New York (13%), California (12%) and Florida (8%) lead. **Figure: US headquarters of companies in NAICS 523940, by state.** A tile map of the United States shaded by the share of counted US companies in NAICS 523940 headquartered in each state. The largest are New York 13%, California 12%, Florida 8%. *Share of counted US companies in NAICS 523940 by headquarters state. The three largest states are outlined.* ## How big are the companies counted for NAICS 523940? 65% 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 523940.** Seven columns for the share of counted companies in NAICS 523940 in each employee range: 11 to 50 65%, 51 to 200 22%, 201 to 500 6%, 501 to 1,000 3%, 1,001 to 5,000 3%, 5,001 to 10,000 1%, 10,001+ 1%. *Share of counted companies in NAICS 523940 in each employee range.* ## How old are NAICS 523940 companies? Most were founded in the 2010s (27%), then the 2000s (26%). **Figure: When companies in NAICS 523940 were founded.** Eight columns for the share of counted companies in NAICS 523940 founded in each era: Before 1960 4%, 1960s 2%, 1970s 5%, 1980s 15%, 1990s 18%, 2000s 26%, 2010s 27%, 2020s 2%. *Share of counted companies in NAICS 523940 by the era they were founded in, for the ones that list a founding year.* ## How NAICS 523940 compares - New York holds 13% of the US companies here, against 6% across all NAICS codes on this site. ## How do NAICS 523940 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 (65%), Investment Management (22%) and Real Estate (7%). **Figure: How companies in NAICS 523940 describe themselves.** Bars for the share of counted companies in NAICS 523940 that give each industry on their public profile: Financial Services 65%, Investment Management 22%, Real Estate 7%. *Share of counted companies in NAICS 523940 by the industry they list on their public profile.* ## NAICS 523940 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 6282 | Investment advisory service | 79% | | [SIC 6211](https://enrich.chat/naics/523150/) | Security broker and dealer | 3% | | [SIC 6799](https://enrich.chat/naics/523910/) | Investor | 3% | | SIC 8742 | Management consulting services | 2% | ## 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 523940 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 523940 (Portfolio Management and Investment Advice) ``` ### 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 523940, 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 Codes next to it: [NAICS 523910: Miscellaneous Intermediation](https://enrich.chat/naics/523910/) Others in sector 52: [NAICS 524210: Insurance Agencies and Brokerages](https://enrich.chat/naics/524210/)[NAICS 522130: Credit Unions](https://enrich.chat/naics/522130/)[NAICS 522292: Real Estate Credit](https://enrich.chat/naics/522292/)[NAICS 522320: Financial Transactions Processing, Reserve](https://enrich.chat/naics/522320/)[NAICS 523150: Investment Banking and Securities](https://enrich.chat/naics/523150/)[NAICS 522310: Mortgage and Nonmortgage Loan Brokers](https://enrich.chat/naics/522310/)[NAICS 524113: Direct Life Insurance Carriers](https://enrich.chat/naics/524113/)[NAICS 524126: Direct Property and Casualty Insurance](https://enrich.chat/naics/524126/) NAICS 523940 by state: [New York](https://enrich.chat/naics/523940/new-york/)[California](https://enrich.chat/naics/523940/california/)[Florida](https://enrich.chat/naics/523940/florida/)[Massachusetts](https://enrich.chat/naics/523940/massachusetts/)[Illinois](https://enrich.chat/naics/523940/illinois/)[Pennsylvania](https://enrich.chat/naics/523940/pennsylvania/)[Texas](https://enrich.chat/naics/523940/texas/)[Ohio](https://enrich.chat/naics/523940/ohio/) ## Frequently asked questions ### What is NAICS code 523940? NAICS 523940 is the code for Portfolio Management and Investment Advice, in sector 52: Finance and Insurance. ### What is the SIC code for NAICS 523940 (Portfolio Management and Investment Advice)? 79% of the companies counted carry SIC 6282 (Investment advisory service), but the two systems do not map one to one. ### Which companies are classified under NAICS 523940? The biggest by headcount range include Fidelity, Morningstar, Edward Jones, Moody's and Broadridge Financial Solutions. The page lists 25 with links to their profiles where we have them. ### Where are NAICS 523940 companies based? The largest groups are headquartered in the United States (81%), the United Kingdom (4%) and India (3%). ### How big are the companies in NAICS 523940? 65% 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. ### Is NAICS 523940 the same as a SIC code? No. NAICS replaced SIC as the U.S. federal standard in 1997, and the two do not map one to one. The SIC code seen most among these companies is 6282. ## Try this prompt Find the people at NAICS 523940 companies ```text Use www.enrich.chat to find the finance, operations and technology leaders at companies with NAICS code 523940, with titles and verified work emails ``` ## Related - [Companies using a technology](https://enrich.chat/companies-using/) - [NAICS 523910](https://enrich.chat/naics/523910/) - [NAICS 523940 in New York](https://enrich.chat/naics/523940/new-york/) - [NAICS 523940 in California](https://enrich.chat/naics/523940/california/) - [NAICS 523940 in Florida](https://enrich.chat/naics/523940/florida/) - [NAICS 523940 in Massachusetts](https://enrich.chat/naics/523940/massachusetts/) - [Tech stack lookup](https://enrich.chat/tools/tech-stack-lookup/)