NAICS 523910—Miscellaneous Intermediation

Where 523910 sits

1. 52 Finance and Insurance
2. 523 Securities, Commodity Contracts, and Other Financial Investments and Related Activities
3. 5239 Other Financial Investment Activities
4. 52391 Miscellaneous Intermediation
5. 523910 Miscellaneous Intermediation

Description

This industry comprises establishments primarily engaged in acting as principals (except investment bankers, securities dealers, and commodity contracts dealers) in buying or selling financial contracts generally on a spread basis. Principals are investors that buy or sell for their own account.

Example activities

• investment clubs
• tax liens dealing (i.e., acting as a principal in dealing tax liens to investors)
• venture capital companies
• mineral royalties or leases dealing (i.e., acting as a principal in dealing royalties or leases to investors)

Cross-references for 523910

• Investment banking, securities dealing, securities brokering, commodity contracts dealing, or commodity contracts brokering--are classified in Industry Group 5231, Securities and Commodity Contracts Intermediation and Brokerage; and
• Managing the portfolio assets (i.e., funds) of others and/or providing customized investment advice--are classified in Industry 523940, Portfolio Management and Investment Advice.

523910 in other systems