Analysis
NAICS 5239 is the 2022 industry group for other financial investment activities, part of 523 (Securities, Commodity Contracts, and Other Financial Investments and Related Activities). Census lists 48 example activities under it in the official index.
County Business Patterns counts 86,389 US establishments in this code in 2023, employing 654,062 people at an average annual payroll of $245,459 per employee (100th percentile of national industries). 80% 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 15% and employment rose 16%. 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.
By establishments it ranks 1st of the 3 codes at this level within Securities, Commodity Contracts, and Other Financial Investments and Related Activities, with 75.9% of them.
Across its national industries Census lists 48 index entries; typical ones are individuals investing in financial contracts on own account, certified financial planners, customized, fees paid by…, administrators of private estates and business start-up fundraising using a crowdfunding platform.
It splits into 3 more detailed codes. The largest by establishments is 52391 (Miscellaneous Intermediation) with 12,892.
Official definition
This industry group comprises establishments primarily engaged in one of the following: (1) acting as principals in buying or selling financial contracts (except investment bankers, securities dealers, and commodity contracts dealers); (2) acting as agents (i.e., brokers) (except securities brokerages and commodity contracts brokerages) in buying or selling financial contracts; or (3) providing other investment services (except securities and commodity exchanges), such as portfolio management; investment advice; and trust, fiduciary, and custody services.
Source: US Census Bureau, NAICS 2022 Manual.
Index entries (48)
- 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