NAICS 523150: Investment Banking and Securities Intermediation
Investment Banking and Securities Intermediation is NAICS code 523150. A business is small under it with $47 million or less in average annual receipts. No federal contracts are open under this code right now.
- SBA size standard
- $47 million or less in average annual receipts
- Open contracts now
- 0
- Federal spending, FY2025
- $86.8 million
- Share won by small businesses
- 0%
- Small businesses registered
- 75
What NAICS 523150 covers
The Census Bureau's NAICS index lists these kinds of work under 523150:
- Banking, investment
- Bond brokerages
- Bond dealing (i.e., acting as a principal in dealing securities to investors)
- Brokerages, securities
- Certificate of deposit (CD) brokers' offices
- Commercial note brokers' offices
- Commercial paper dealing (i.e., acting as a principal in dealing securities to investors)
- Discount securities brokerages
- Investment banking
- Making markets for securities
- Market making for securities
- Mutual fund agencies (i.e., brokerages)
- Mutual fund agents' (i.e., brokers') offices
- Online securities brokerages
The index lists 32 entries for this code in all.
Read the full definition, including what's excluded, on census.gov.
SBA size standard for 523150
To count as a small business for a contract assigned NAICS 523150, your business must have $47 million or less in average annual receipts. Receipts are averaged over your last five completed fiscal years.
From SBA's table of size standards, effective Mar 17, 2023. Confirm it with SBA's size standards tool before you certify your size.
Who buys investment banking and securities intermediation
Agencies that awarded the most under NAICS 523150 over the last three fiscal years, per USAspending.gov:
| Agency | Obligated |
|---|---|
| Department of Housing and Urban Development | $1.1 billion |
| Office of the Comptroller of the Currency | $29,004 |
Your competition
75 businesses with active SAM.gov registrations are rated small under NAICS 523150, most of them in Texas (11), Florida (10), New York (8), Virginia (7) and California (6). Look any of them up with the free CAGE code and UEI lookup.
Federal spending under 523150 by year
| Fiscal year | Contract obligations |
|---|---|
| FY2024 | $789.9 million |
| FY2025 | $86.8 million |
| FY2026 | $257.1 million |
| FY2027 (so far) | $0 |
Source: USAspending.gov, all contract awards with this NAICS code. Fiscal years start October 1.
Related NAICS codes
Frequently asked questions
What is NAICS code 523150?
523150 is the 2022 NAICS code for Investment Banking and Securities Intermediation. The Census Bureau's index lists work such as banking, investment, bond brokerages, bond dealing (i.e., acting as a principal in dealing securities to investors) under it. Federal contracting uses the 2022 codes.
What is the SBA size standard for NAICS 523150?
$47 million or less in average annual receipts. A business at or under that is small for contracts assigned this code. The current SBA table took effect Mar 17, 2023.
Are there government contracts for investment banking and securities intermediation?
None are open on SAM.gov right now, but new notices post daily. You can set up a free alert for this code.
How do I add NAICS code 523150 to my SAM.gov registration?
Update your entity registration on SAM.gov and add the code on the Goods and Services page, in the Assertions section. You can list several NAICS codes and mark one as your primary. Changes are free.
Keep going
- Search other NAICS codes by keyword or company
- How to choose NAICS codes for government contracts
- NAICS codes with the most open federal contracts
FedReady is an independent company, not affiliated with SBA, SAM.gov, the Census Bureau or any government agency. Open-contract counts come from SAM.gov and update daily; spending figures come from USAspending.gov.