KBLI 64330—Trust, Heritage, and Agency Activities

Where 64330 sits

1. L Financial and Insurance Activities
2. 64 Financial Services Activities, Except Insurance and Pension Funds
3. 643 Trust Activities, Funding, and Similar Financial Entities
4. 6433 Trust, Heritage, and Agency Activities
5. 64330 Trust, Heritage, and Agency Activities

What 64330 includes

• Legal entities, not acting as collective investment schemes, engaged in the collection of securities, inheritances, and other financial assets, without managing them, on behalf of shareholders or beneficiaries. Their portfolios are tailored to achieve specific investment characteristics. For example, diversification, risk, rate of return, and price volatility. These entities earn interest, dividends, and other property income, but have little or no employment and no revenue from the sale of services.
• Trusts, bequests and agencies, on behalf of beneficiaries according to the terms of the trust agreement, will or agency agreement;
• Activities of trusts, estates and similar financial entities;
• Activities of companies that hold financial assets for individuals and families (family trusts).
• Activities of stock companies, which do not own or control the equity level;
• Venture capital companies whose funding source is only shares and do not receive wages (fees).

What 64330 excludes

• Raising funds by issuing shares or units and acting as a collective investment scheme, see subclasses 64310 and 64320;
• Conducting securities transactions by issuing financial instruments, see class 6494;
• Trusts, inheritances and agency accounts that receive income by selling goods and services, see KBLI grouping based on their main activities;
• Trustees who represent security holders on a fee or contract basis, see class 6619.

64330 in other systems