Industry Statistics Sampler
NAICS 523930
Investment advice

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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+)
	52393	Investment advice	14,660	13,039,600	4,846,348	61,409
	523930	Investment advice	14,660	13,039,600	4,846,348	61,409

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
52393	Investment advice	N	N	N	N	N	N	14,660	13,039,600
523930	Investment advice	N	N	N	N	N	N	14,660	13,039,600

Definition: NAICS 523930 Investment advice

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.

Cross-References.

Establishments providing investment advice in conjunction with their primary activity, such as portfolio management, or the sale of stocks, bonds, annuities, and real estate, are classified according to their primary activity; and

Establishments known as publishers providing generalized investment information to subscribers are classified in Subsector 511, Publishing Industries (except Internet) or Subsector 516, Internet Publishing and Broadcasting.

Historical comparability

NAICS 523930, Investment advice, 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

523930	Investment advice	2002	14,660	13,039,600	4,846,348	61,409
		1997	7,807	9,397,908	3,197,389	42,929
		% change	87.8	38.8	51.6	43.0

See maps in
Industry
Snapshot

Geographic Distribution -- Investment advice: 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

14,660

13,039,600

100.00

4,846,348

61,409

New York

1,301

3,732,765

28.63

195

1,416,641

11,101

California

2,160

1,765,267

13.54

664,222

8,898

Illinois

728

897,061

6.88

322,030

3,963

Florida

1,150

556,115

4.26

161,441

2,771

New Jersey

460

504,001

3.87

178,726

2,300

Connecticut

288

493,172

3.78

143

193,585

1,615

Pennsylvania

539

490,475

3.76

170,173

2,572

Texas

971

441,993

3.39

151,579

2,947

Minnesota

346

341,604

2.62

173,861

2,160

Colorado

364

262,027

2.01

75,348

1,215

Washington

265

219,220

1.68

145,241

1,567

Ohio

467

207,186

1.59

82,213

1,459

Virginia

291

194,949

1.50

81,452

1,353

Georgia

367

186,974

1.43

73,119

1,127

North Carolina

328

137,946

1.06

53,978

1,120

Indiana

219

100,594

0.77

36,124

644

Tennessee

190

98,555

0.76

34,675

697

Oregon

163

89,216

0.68

29,532

514

Nevada

284

67,117

0.51

20,320

497

Kentucky

61,999

0.48

15,175

265

Kansas

161

61,127

0.47

18,301

425

Missouri

196

53,225

0.41

24,322

488

New Mexico

50,605

0.39

14,268

183

New Hampshire

49,935

0.38

17,378

297

Wisconsin

178

47,970

0.37

17,733

465

Louisiana

125

38,752

0.30

10,079

293

Iowa

113

38,074

0.29

10,844

292

Maine

37,454

0.29

8,565

234

Oklahoma

141

34,561

0.27

12,663

314

Alabama

33,486

0.26

11,303

237

Utah

226

31,491

0.24

10,512

360

Nebraska

26,354

0.20

6,406

167

Montana

21,576

0.17

1,848

South Carolina

100

20,562

0.16

6,596

208

Idaho

19,334

0.15

4,412

130

Vermont

17,937

0.14

8,775

237

Mississippi

14,185

0.11

5,655

134

Arkansas

11,296

0.09

3,080

118

Hawaii

10,530

0.08

5,082

South Dakota

9,473

0.07

1,756

Alaska

5,809

0.04

1,174

Wyoming

5,536

0.04

1,194

West Virginia

3,251

0.02

1,033

North Dakota

2,898

0.02

240

All other states, including those below

1,653

1,545,943

11.86

563,694

7,702

Massachusetts

440

(2500-4999)

Maryland

260

(1000-2499)

Michigan

388

(1000-2499)

Arizona

289

(500-999)

Delaware

182

(100-249)

District of Columbia

(100-249)

Rhode Island

(100-249)

Products Lines for Investment advice
Product code	Product description	Sales of this line ($000)	Percent of industry sales (%)
50000	Industry total	13,039,600	100.00
57720	Financial planning & investment mgt services for individuals	8,002,122	61.37
57710	Financial planning & investment mgt servs for businesses & govt	3,310,875	25.39
55610	Brokering & dealing products, equities	880,533	6.75
	-Other	846,070	6.49

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

Products, Size, and Other Data from the Economic Census -- Investment advice
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 523930
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