Description:This industry comprises establishments primarily engaged in underwriting, originating, and/or maintaining markets for issues of securities. Investment bankers act as principals (i.e., investors who buy or sell on their own account) in firm commitment transactions or act as agents in best effort and standby commitments. This industry also includes establishments acting as principals in buying or selling securities generally on a spread basis, such as securities dealers or stock option dealers.
Examples:Stock option dealing, Securities underwriting, Bond dealing (i.e., acting as a principal in dealing securities to investors)
Securities Brokerage
Description:This industry comprises establishments primarily engaged in acting as agents (i.e., brokers) between buyers and sellers in buying or selling securities on a commission or transaction fee basis.
Examples:Stock brokerages, Securities brokerages, Mutual fund agencies (i.e., brokerages)
Commodity Contracts Dealing
Description:This industry comprises establishments primarily engaged in acting as principals (i.e., investors who buy or sell for their own account) in buying or selling spot or futures commodity contracts or options, such as precious metals, foreign currency, oil, or agricultural products, generally on a spread basis.
Examples:N/A
Commodity Contracts Brokerage
Description:This industry comprises establishments primarily engaged in acting as agents (i.e., brokers) in buying or selling spot or future commodity contracts or options on a commission or transaction fee basis.
Description:This industry comprises establishments primarily engaged in furnishing physical or electronic marketplaces for the purpose of facilitating the buying and selling of stocks, stock options, bonds, or commodity contracts.
Examples:N/A
Miscellaneous Intermediation
Description:This industry comprises establishments primarily engaged in acting as principals (except investment bankers, securities dealers, and commodity contracts dealers) in buying or selling of financial contracts generally on a spread basis. Principals are investors that buy or sell for their own account.
Examples:Venture capital companies, Tax liens dealing (i.e., acting as a principal in dealing tax liens to investors), Mineral royalties or leases dealing (i.e., acting as a principal in dealing royalties or leases to investors), Investment clubs
Portfolio Management
Description:This industry comprises establishments primarily engaged in managing the portfolio assets (i.e., funds) of others on a fee or commission basis. Establishments in this industry have the authority to make investment decisions, and they derive fees based on the size and/or overall performance of the portfolio.
Examples:Portfolio fund managing, Pension fund managing, Mutual fund managing, Managing trusts
Investment Advice
Description:This industry comprises establishments primarily engaged in providing customized investment advice to clients on a fee basis, but do not have the authority to execute trades. Primary activities performed by establishments in this industry are providing financial planning advice and investment counseling to meet the goals and needs of specific clients.
Examples:Investment advisory services, customized, fees paid by client, Financial planning services, customized, fees paid by client, Financial investment advice services, customized, fees paid by client
Trust, Fiduciary, and Custody Activities
Description:This U.S. industry comprises establishments primarily engaged in providing trust, fiduciary, and custody services to others, as instructed, on a fee or contract basis, such as bank trust offices and escrow agencies (except real estate).
Examples:N/A
Miscellaneous Financial Investment Activities
Description:This U.S. industry comprises establishments primarily engaged in acting as agents and/or brokers (except securities brokerages and commodity contracts brokerages) in buying or selling financial contracts and those providing financial investment services (except securities and commodity exchanges; portfolio management; investment advice; and trust, fiduciary, and custody services) on a fee or commission basis.
Examples:Stock quotation services, Gas lease brokers' offices, Exchange clearinghouses, commodities or securities
