North American Industry Classification System (NAICS) Canada 2017 Version 2.0


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523920 - Portfolio managementUS

This Canadian industry comprises establishments primarily engaged in managing the portfolio assets of others on a fee or commission basis. These establishments have the authority to make investment decisions, with fees usually based on the size and/or overall performance of the portfolio.

  • Illustrative example(s)

    • mutual fund management companies
    • pension funds, management

    All examples

  • Exclusion(s)

    • buying and selling securities on a transaction fee basis (See 523120 Securities brokerage)
    • personal investment trusts, administration by trust companies (See 523990 All other financial investment activities)
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