# NAICS code for financial advisor The NAICS code for financial advisor is 523940 (Portfolio Management and Investment Advice). Its SBA small business size standard is $47 million in average annual receipts. This industry comprises establishments primarily engaged in managing the portfolio assets (i.e., funds) of others on a fee or commission basis and/or providing customized investment advice to clients on a fee basis.Source: NAICS 2022 (Census).Official source: [U.S. Census Bureau NAICS](https://www.census.gov/naics/) | Industry | Financial Advisor | | --- | --- | | Primary NAICS | [523940](https://samgovapi.io/naics/523940) | | Title | Portfolio Management and Investment Advice | | Size standard | $47 million in average annual receipts (13 CFR 121.201) | ## Nearby codes in the same industry group | Code | Title | Size standard | | --- | --- | --- | | [523940](https://samgovapi.io/naics/523940) | Portfolio Management and Investment Advice | $47 million in average annual receipts | | [523910](https://samgovapi.io/naics/523910) | Miscellaneous Intermediation | $47 million in average annual receipts | | [523991](https://samgovapi.io/naics/523991) | Trust, Fiduciary, and Custody Activities | $47 million in average annual receipts | | [523999](https://samgovapi.io/naics/523999) | Miscellaneous Financial Investment Activities | $47 million in average annual receipts | ## What NAICS 523940 covers This industry comprises establishments primarily engaged in managing the portfolio assets (i.e., funds) of others on a fee or commission basis and/or providing customized investment advice to clients on a fee basis. Establishments providing portfolio management have the authority to make investment decisions, and they derive fees based on the size and/or overall performance of the portfolio. Establishments providing investment advice provide financial planning advice and investment counseling to meet the goals and needs of specific clients, but do not have the authority to execute trades. ## Examples classified under 523940 - Certified financial planners, customized, fees paid by client - Financial investment advice services, customized, fees paid by client - Financial planning services, customized, fees paid by client - Investment advice consulting services, customized, fees paid by client - Investment advice counseling services, customized, fees paid by client - Investment advisory services, customized, fees paid by client - Investment management - Managing investment funds ## Also searched as asset management, financial advisors, financial consultant, financial consulting, financial consulting services, financial planner, financial planning, investment advisor, investment management, portfolio management, wealth management ## Get this as JSON ``` curl "https://samgovapi.io/api/v1/naics/523940" \ -H "Authorization: Bearer sg_YOUR_KEY" ``` MCP tool: `naics_lookup`Keys start free, with no card. [Get a free API key](https://samgovapi.io/sign-up) or read the [docs](https://samgovapi.io/docs). ## Questions What is the NAICS code for financial advisor?The NAICS code most used for financial advisor is 523940, Portfolio Management and Investment Advice.Is a financial advisor business small for federal contracts?For NAICS 523940, a business is small at or under $47 million in average annual receipts (13 CFR 121.201), counting affiliates.Can I list more than one NAICS code?Yes. A SAM.gov registration can list many NAICS codes with one marked primary; each solicitation names the single code that applies to it. ## Related - [NAICS 523940](https://samgovapi.io/naics/523940) - [NAICS code lookup](https://samgovapi.io/naics-code-lookup) - [Size standard checker](https://samgovapi.io/size-standard-checker) - [NAICS code for an industry](https://samgovapi.io/naics-code-for)Independent. Not affiliated with, endorsed by or sponsored by GSA, SAM.gov or any U.S. government agency. Registering in SAM.gov is free at sam.gov.

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