NAICS 523940: Portfolio Management and Investment Advice
Portfolio Management and Investment Advice is NAICS code 523940. A business is small under it with $47 million or less in average annual receipts. 1 federal contract is open on SAM.gov under this code right now.
- SBA size standard
- $47 million or less in average annual receipts
- Open contracts now
- 1
- Federal spending, FY2025
- $7 million
- Share won by small businesses
- 35%
- Small businesses registered
- 292
Open federal contracts for portfolio management and investment advice
- Independent Financial Advisors Vendor Pool
Due in 146 daysFeb 28, 2027
What NAICS 523940 covers
The Census Bureau's NAICS index lists these kinds of work under 523940:
- Certified financial planners, customized, fees paid by client
- Financial investment advice services, customized, fees paid by client
- Financial planning services, customized, fees paid by client
- Investment advice consulting services, customized, fees paid by client
- Investment advice counseling services, customized, fees paid by client
- Investment advisory services, customized, fees paid by client
- Investment management
- Managing investment funds
- Managing mutual funds
- Managing personal investment trusts
- Managing trusts
- Mutual fund managing
- Pension fund managing
- Personal investments trusts, managing
The index lists 16 entries for this code in all.
Read the full definition, including what's excluded, on census.gov.
SBA size standard for 523940
To count as a small business for a contract assigned NAICS 523940, 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 portfolio management and investment advice
Agencies that awarded the most under NAICS 523940 over the last three fiscal years, per USAspending.gov:
| Agency | Obligated |
|---|---|
| Pension Benefit Guaranty Corporation | $46.6 million |
| U.S. International Development Finance Corporation | $2.7 million |
| Department of Housing and Urban Development | $2.6 million |
| Department of the Air Force | $150,000 |
| Securities and Exchange Commission | $79,751 |
| Bureau of the Fiscal Service | $40,000 |
| Office of the Chief Financial Officer | $32,750 |
| Treasury Common Services Center | $0 |
Open notices right now come from Department of Transportation (1).
Set-asides on open 523940 contracts
- No set-aside (full and open): 1
Not sure which set-asides you qualify for? Try the free SBA certification screener, or read set-aside contracts, explained.
Your competition
292 businesses with active SAM.gov registrations are rated small under NAICS 523940, most of them in Florida (35), Virginia (32), Texas (27), California (22) and Maryland (20). Look any of them up with the free CAGE code and UEI lookup.
Federal spending under 523940 by year
| Fiscal year | Contract obligations |
|---|---|
| FY2024 | $8 million |
| FY2025 | $7 million |
| FY2026 | $37.2 million |
| FY2027 (so far) | $0 |
Source: USAspending.gov, all contract awards with this NAICS code. Fiscal years start October 1.
Related NAICS codes
- 523910 Miscellaneous Intermediation
- 523991 Trust, Fiduciary, and Custody Activities
- 523999 Miscellaneous Financial Investment Activities
Frequently asked questions
What is NAICS code 523940?
523940 is the 2022 NAICS code for Portfolio Management and Investment Advice. The Census Bureau's index lists work such as certified financial planners, customized, fees paid by client, financial investment advice services, customized, fees paid by client, financial planning services, customized, fees paid by client under it. Federal contracting uses the 2022 codes.
What is the SBA size standard for NAICS 523940?
$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 portfolio management and investment advice?
Yes. 1 federal contract opportunities under NAICS 523940 are open on SAM.gov right now. Agencies obligated about $7 million under this code in fiscal year 2025, according to USAspending.gov.
How do I add NAICS code 523940 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.