Analysis
NAICS 52399 is the 2022 NAICS industry for all other financial investment activities, part of 5239 (Other Financial Investment Activities). Census lists 23 example activities under it in the official index.
Between 2018 and 2023 the number of establishments grew 52% and employment rose 18%. 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.
County Business Patterns counts 5,695 US establishments in this code in 2023, employing 63,416 people at an average annual payroll of $131,177 per employee (94th percentile of national industries). 81% of the establishments have fewer than five employees, which marks it as a small-business industry.
By establishments it ranks 2nd of the 2 codes at this level within Other Financial Investment Activities, with 6.6% of them.
Census lists 8 related activities that belong elsewhere, most often in 5231, 52391, 52321 and 52394. Businesses that do several things are classified by their primary activity, the one that generates the most value, so check those boundaries before settling on this code.
Across its national industries Census lists 23 index entries; typical ones are administrators of private estates and business start-up fundraising using a crowdfunding platform.
Official definition
This industry comprises establishments primarily engaged in acting as agents or brokers (except securities brokerages and commodity contracts brokerages) in buying and selling financial contracts and those providing financial investment services (except securities and commodity exchanges, portfolio management, and investment advice).
Illustrative Examples:
Bank trust offices Fiduciary agencies (except real estate) Exchange clearinghouses, commodities or securities Escrow agencies (except real estate) Stock quotation services
Source: US Census Bureau, NAICS 2022 Manual.
Not this code if…
| The business mainly does | Use instead |
|---|---|
| Investment banking, securities dealing, securities brokerage, commodity contracts dealing, or commodity contracts brokering | 5231 Securities and Commodity Contracts Intermediation and Brokerage |
| Acting as principals (except investment bankers, securities dealers, and commodity contracts dealers) in buying or selling financial contracts | 52391 Miscellaneous Intermediation |
| Furnishing physical or electronic marketplaces for the purpose of facilitating the buying and selling of securities and commodities | 52321 Securities and Commodity Exchanges |
| Managing the portfolio assets (i.e., funds) of others and/or providing customized investment advice | 52394 Portfolio Management and Investment Advice |
| Legal entities (i.e., trusts, estates, or agency accounts) administered on behalf of the beneficiaries under the terms of a trust agreement, will, or agency agreement | 52592 Trusts, Estates, and Agency Accounts |
| Awarding grants from trust funds | 81321 Grantmaking and Giving Services |
| Performing real estate escrow or real estate fiduciary activities | 53139 Other Activities Related to Real Estate |
| Financial transactions processing, reserve, and clearinghouse activities (except commodity or securities exchange services) | 52232 Financial Transactions Processing, Reserve, and Clearinghouse Activities |
Index entries (23)
- Administrators of private estates
- Business start-up fundraising using a crowdfunding platform