Analysis
NAICS 525920 is the 2022 national industry for trusts, estates, and agency accounts, part of 52592 (Trusts, Estates, and Agency Accounts). Census lists 8 example activities under it in the official index.
Its index entries, the activities Census uses to assign businesses to this code, include bankruptcy estates, personal estates (i.e., managing assets), personal investment trusts and personal trusts, among 8 in all.
For example, managing portfolios of trusts are classified in 523940 (Portfolio Management and Investment Advice) instead.
Census lists 2 related activities that belong elsewhere, most often in 523940 and 523991. 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.
County Business Patterns publishes no national count for it, either because the code is out of the survey's scope or because the figures are suppressed to protect individual businesses.
Official definition
This industry comprises legal entities, trusts, estates, or agency accounts, administered on behalf of the beneficiaries under the terms of a trust agreement, will, or agency agreement.
Illustrative Examples:
Bankruptcy estates Private estates (i.e., administering on behalf of beneficiaries) Personal investment trusts Testamentary trusts
Source: US Census Bureau, NAICS 2022 Manual.
Not this code if…
Index entries (8)
- Bankruptcy estates
- Personal estates (i.e., managing assets)
- Personal investment trusts
- Personal trusts
- Private estates (i.e., administering on behalf of beneficiaries)
- Settlement trust funds
- Testamentary trusts
- Trusts, estates, and agency accounts