North American Product Classification System (NAPCS) Canada [Provisional Version 0.1]

• 52 - Financial and insurance services
• 523003 - Financial planning services and trust products for businesses and governments
• 523003.2 - Financial planning and investment management services for businesses and governments

523003.2.2 - Investment management products for businesses and governments

Designing, and managing a portfolio of investments for a business or government client. The manager has a fiduciary responsibility to manage the assets prudently and choose whether stocks, bonds, real estate, or some other assets present the best opportunities for profit at a particular time. These services may be known as portfolio management services. This product includes the management services of investment companies, as represented by the management charges made against funds.