NAICS Canada 523920—Portfolio management

Where 523920 sits

1. 52 Finance and insurance
2. 523 Securities, commodity contracts, and other financial investment and related activities
3. 5239 Other financial investment activities
4. 52392 Portfolio management
5. 523920 Portfolio management

Description

This Canadian industry comprises establishments primarily engaged in managing the portfolio assets of others on a fee or commission basis. These establishments have the authority to make investment decisions, with fees usually based on the size and/or overall performance of the portfolio.

What 523920 excludes

• Buying and selling securities on a transaction fee basis (see 523120 securities brokerage (us))
• Personal investment trusts, administration by trust companies (see 523990 all other financial investment activities (can))

Example activities

• mutual fund management companies
• pension funds, management
• closed-end investment companies
• establishments of trust companies engaged in portfolio management
• investment companies, government
• managing investment funds, closed-end
• managing investment funds, open-end
• managing mutual funds, on contract
• personal investment trusts, management (except by trust companies)

523920 in other systems