ANZSIC 6411—Financial Asset Broking Services

Where 6411 sits

1. K Financial and insurance services
2. 64 Auxiliary Finance and Insurance Services
3. 641 Auxiliary finance and investment services
4. 6411 Financial Asset Broking Services

What 6411 includes

• This class consists of units mainly engaged in trading in stocks, shares or other financial assets on behalf of others, or in underwriting financial asset issues. Also included in this class are units mainly engaged in buying, selling and trading in mortgage documents for others.

What 6411 excludes

• Investing money in financial assets such as shares, bonds, bills, etc, on own account are included in Class 6240 Financial Asset Investing; and
• Providing investment management or advisory services, or arranging home loans for others on a commission or fee basis, are included in Class 6419 Other Auxiliary Finance and Investment Services.

Example activities

• commodity futures broking or dealing (on a commission or transaction fee basis)
• financial asset broking service (on a commission or transaction fee basis)
• stock broking or trading (on a commission or transaction fee basis)
• trading of mortgages operation (on a commission or transaction fee basis)

6411 in other systems