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NAICS 2022 · in 52

523

Securities, Commodity Contracts, and Other Financial Investments and Related Activities

Analysis

NAICS 523 is the 2022 subsector for securities, commodity contracts, and other financial investments and related activities, part of 52 (Finance and Insurance). Census lists 111 example activities under it in the official index.

County Business Patterns counts 113,885 US establishments in this code in 2023, employing 1,042,226 people at an average annual payroll of $260,466 per employee (100th percentile of national industries). 78% of the establishments have fewer than five employees, which marks it as a small-business industry.

Between 2018 and 2023 the number of establishments grew 10% and employment rose 13%. The 2018 count used NAICS 2017, so part of a large move can come from codes being redefined rather than from businesses opening or closing.

Across its national industries Census lists 111 index entries; typical ones are banking, investment, brokerages, commodity contracts, commodity contracts exchanges and individuals investing in financial contracts on own account.

It splits into 3 more detailed codes. The largest by establishments is 5239 (Other Financial Investment Activities) with 86,389.

Its more detailed codes are 5231 Securities and Commodity Contracts Intermediation and Brokerage (27,442 establishments), 5232 Securities and Commodity Exchanges (54 establishments) and 5239 Other Financial Investment Activities (86,389 establishments).

Official definition

Industries in the Securities, Commodity Contracts, and Other Financial Investments and Related Activities subsector group establishments that are primarily engaged in one of the following: (1) underwriting securities issues and/or making markets for securities and commodities; (2) acting as agents (i.e., brokers) between buyers and sellers of securities and commodities; (3) providing securities and commodity exchange services; and (4) providing other services, such as managing portfolios of assets; providing investment advice; and trust, fiduciary, and custody services.

Source: US Census Bureau, NAICS 2022 Manual.

Index entries (111)

  • Banking, investment
  • Brokerages, commodity contracts
  • Commodity contracts exchanges
  • Individuals investing in financial contracts on own account
  • Certified financial planners, customized, fees paid by client
  • Administrators of private estates
  • Business start-up fundraising using a crowdfunding platform