Industry Statistics Sampler
NAICS 523920
Portfolio management

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Definition	Data from the Economic Census					Annual data
	Employers	Nonemployers	Compare to '97	States	Products, Size, etc.

Employers: 2002
Table includes only establishments of firms with payroll. Nonemployers are shown below. Introductory text includes scope, methodology, non-sampling error, and confidentiality protection. For descriptions of column headings and rows (industries), click on the appropriate underlined element in the table.
Indus- try Detail	NAICS code	Description	Estab- lish- ments	Revenue ($1,000)	Annual payroll ($1,000)	Paid employees
D = Withheld to avoid disclosing data of individual companies; data are included in higher level totals;
	52	Finance & insurance	440,268	2,803,854,868	377,790,172	6,578,817
	523	Securities intermediation & related activities	72,338	316,275,155	103,440,617	832,144
	5239	Other financial investment activities	37,510	D	D	(100,000+)
	52392	Portfolio management	12,987	67,370,108	22,527,835	175,406
	523920	Portfolio management	12,987	67,370,108	22,527,835	175,406

Nonemployers: 2002
Data based on 2002 Nonemployer Statistics. Table includes only firms subject to federal income tax. Nonemployers are businesses with no paid employees. Introductory text includes scope and methodology. For descriptions of column headings and rows (industries), click on the appropriate underlined element in the table.
NAICS code	NAICS Title	All firms		Nonemployers				Employers
		Establish- ments	Receipts ($1,000)	Establishments		Receipts		Establish- ments	Revenue ($1,000)
		Establish- ments	Receipts ($1,000)	Number	% of all	$1,000	% of all	Establish- ments	Revenue ($1,000)
D = Withheld to avoid disclosing data of individual companies; data are included in higher level totals; N = Not available
52	Finance & insurance	1,100,560	2,847,993,962	660,292	60.0	44,139,094	1.5	440,268	2,803,854,868
523	Securities intermediation & related activities	312,845	340,446,716	240,507	76.9	24,171,561	7.1	72,338	316,275,155
5239	Other financial investment activities	244,218	D	206,708	84.6	17,871,912	100.0	37,510	D
52392	Portfolio management	N	N	N	N	N	N	12,987	67,370,108
523920	Portfolio management	N	N	N	N	N	N	12,987	67,370,108

Definition: NAICS 523920 Portfolio management

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.

Cross-References. Establishments primarily engaged in investment banking and securities dealing, securities brokering, commodity contracts dealing, or commodity contracts brokering are classified in Industry Group 5231, Securities and Commodity Contracts Intermediation and Brokerage.

Historical comparability

NAICS 523920, Portfolio management, is comparable between 2002 and 1997.

For comparisons with data before 1997, see the Bridge Between 1997 NAICS and 1987 SIC.

Comparative Statistics: 2002 and 1997

Data are in current dollars and have not been adjusted for inflation. Table includes only establishments of firms with payroll. Introductory text includes scope, methodology, non-sampling error, and confidentiality protection. "% change" rows show percent change between 1997 and 2002.
1997 NAICS code	1997 NAICS Description	Year	Establishments	Revenue ($1,000)	Annual payroll ($1,000)	Paid employees

523920	Portfolio management	2002	12,987	67,370,108	22,527,835	175,406
		1997	10,888	43,642,899	13,532,909	123,971
		% change	19.3	54.4	66.5	41.5

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Industry
Snapshot

Geographic Distribution -- Portfolio management: 2002

Data for the Finance & insurance sector are published for the U.S., states and metropolitan areas

Table includes only establishments of firms with payroll. Nonemployers are shown above. Introductory text includes scope, methodology, non-sampling error, and confidentiality protection. For descriptions of column headings and rows (industries), click on the appropriate underlined element in the table.

Other
Indus-
tries

Description

Estab-
lish-
ments

Revenue
($1,000)

Revenue
% of
U.S.

Revenue
per capita
($)

Annual
payroll
($1,000)

Paid
employees

United States

12,987

67,370,108

100.00

234

22,527,835

175,406

New York

1,603

16,808,346

24.95

877

6,732,020

29,508

Massachusetts

595

12,087,948

17.94

1,880

2,587,248

24,295

California

1,897

8,857,409

13.15

253

3,187,249

20,844

Pennsylvania

520

4,569,938

6.78

371

1,787,886

22,348

Illinois

612

3,028,319

4.50

240

1,131,390

7,879

Connecticut

454

3,021,816

4.49

874

1,209,545

4,760

New Jersey

404

2,652,165

3.94

309

592,092

5,882

Texas

812

2,517,408

3.74

116

828,940

9,865

Colorado

377

2,010,088

2.98

447

438,948

3,818

Minnesota

262

1,938,805

2.88

386

486,045

7,055

Florida

715

1,649,149

2.45

409,210

5,285

Ohio

344

744,652

1.11

335,908

4,421

Georgia

271

683,365

1.01

244,695

2,480

Wisconsin

187

682,855

1.01

126

305,775

2,684

Washington

286

398,769

0.59

200,830

2,209

Tennessee

144

359,781

0.53

192,074

681

Missouri

180

253,435

0.38

78,095

1,134

Indiana

150

246,913

0.37

94,652

1,139

North Carolina

198

235,450

0.35

92,817

1,126

Oregon

146

195,656

0.29

80,048

1,083

New Hampshire

156,405

0.23

123

40,298

576

Kansas

124

154,716

0.23

43,381

539

Utah

146,912

0.22

54,476

401

Iowa

121,589

0.18

27,437

416

Kentucky

119,861

0.18

45,927

489

Nevada

424

102,057

0.15

31,433

701

Wyoming

96,145

0.14

193

8,629

Nebraska

74,273

0.11

28,061

368

New Mexico

71,181

0.11

20,637

283

Louisiana

48,321

0.07

16,944

279

Vermont

45,479

0.07

24,014

162

Oklahoma

43,376

0.06

23,157

381

Alabama

37,403

0.06

19,439

270

Maine

36,820

0.05

18,697

225

South Carolina

36,556

0.05

13,495

216

Hawaii

29,185

0.04

12,545

228

Alaska

23,169

0.03

10,523

128

Mississippi

20,663

0.03

7,581

164

Arkansas

20,085

0.03

9,236

173

Idaho

12,490

0.02

3,715

Montana

10,123

0.02

3,223

South Dakota

5,245

0.01

2,098

West Virginia

4,484

0.01

1,759

All other states, including those below

1,226

3,011,303

4.47

1,045,663

10,594

Maryland

235

(2500-4999)

Delaware

112

(1000-2499)

District of Columbia

(1000-2499)

Michigan

292

(1000-2499)

Virginia

291

(1000-2499)

Arizona

179

(500-999)

North Dakota

(250-499)

Rhode Island

(250-499)

Products Lines for Portfolio management
Product code	Product description	Sales of this line ($000)	Percent of industry sales (%)
50000	Industry total	67,370,108	100.00
57720	Financial planning & investment mgt services for individuals	41,404,138	61.46
57710	Financial planning & investment mgt servs for businesses & govt	16,153,847	23.98
55610	Brokering & dealing products, equities	1,693,155	2.51
	-Other	8,118,968	12.05

For more product detail, see the AFF links below for Product Lines

Products, Size, and Other Data from the Economic Census -- Portfolio management
Series number	Title	Contents	Geography
EC02-00C-COMP	Comparative Statistics	2002 and 1997 data side by side on a comparable NAICS 1997 basis	US, states
EC02-52SL-LS	Product Lines	Product Lines by Kind of Business	US
EC02-52SS-SZ	Establishment and Firm Size	Revenue Size of Establishments	US
		Employment Size of Establishments	US
		Single Unit & Multiunit Firms	US
		Revenue Size of Firms	US
		Employment Size of Firms	US
		Concentration by Largest Firms	US
		Legal Form of Organization	US
EC02-52SX-SB	Miscellaneous Subjects	Exported Services by Selected Kinds of Business	US
EC02-52I-05	Industry Series	Preliminary data now superseded	US
EC02-52A	Geographic Area Series	Summary Statistics	US, states, metros

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Data from the Other Census Bureau Programs -- NAICS 523920
Title (with link to data)	Frequency	Contents	Geography
County Business Patterns	Annual	Employees; payroll; number of establishments by employment size of establishment	US, states, metro areas, counties
Serviced Annual Survey: Securities, Commodity Contracts, and Other Financial Investments	Annual	Estimated revenue for employer and nonemployer firms	US
Statistics of U.S. Businesses	Annual	Number of firms, employees, payroll, (and revenue, for 2002 only) by employment-size of the enterprise	US, states, metro areas