5239 - Other Financial Investment Activities
When navigating the landscape of the Finance and Insurance sector, understanding specific NAICS codes is crucial for businesses, contractors, and investors alike. One key classification is NAICS code 5239 - Other Financial Investment Activities, which encompasses a range of specialized financial services beyond standard investment operations. In this blog post, we’ll dive deep into what NAICS 5239 includes, its key business activities, size standards, and much more.
What Is NAICS Code 5239?
NAICS code 5239 represents the industry sector titled Other Financial Investment Activities. This classification is primarily concerned with establishments offering unique financial investment services that aren’t classified under other more common categories in the Finance and Insurance sector.
Key Definition:
This industry comprises companies primarily engaged in:
- Financial investment activities not classified elsewhere.
- Portfolio management.
- Investment advice.
- Specialized financial services related to securities and commodities.
These businesses play a critical role in managing financial assets, advising clients on investment opportunities, and brokering financial products that enhance portfolio performance.
Sector Overview: Finance and Insurance
NAICS 5239 is part of the broader Finance and Insurance sector, which includes a wide variety of financial services aimed at managing money, risk, and assets.
Typical Business Activities Under NAICS 5239:
- Investment advisory services.
- Portfolio and trust management.
- Financial asset brokering.
- Specialized financial consulting related to securities and commodities.
These activities require a sophisticated understanding of financial markets, regulatory compliance, and advanced investment strategies to support individuals, corporations, and institutional investors.
Size Standards for NAICS 5239 Eligibility
To qualify under NAICS code 5239 as a small business (which can be important for government contracting, loans, and grants), understanding the size standards is essential.
| Size Standard Criterion | Description |
|---|---|
| Employee size | Maximum 250 employees |
| Annual revenue | Up to $30 million (varies by firm specifics) |
Businesses that meet these size standards may be eligible for various small business programs, certifications, and set-asides in government contracting.
Examples of Businesses Under NAICS 5239
Here are some typical businesses you might find classified under NAICS 5239 - Other Financial Investment Activities:
- Investment Advice Firms: Companies that provide tailored financial and investment guidance to clients.
- Portfolio Management Companies: Entities managing client investment portfolios to achieve specific returns.
- Financial Asset Brokers: Specialists who facilitate buying and selling of securities or commodities on behalf of clients.
These examples illustrate the diversity of operations in this classification, emphasizing specialized and consultative financial services.
NAICS Code 5239 - Code Details
| Attribute | Detail |
|---|---|
| NAICS Sector | 52 - Finance and Insurance |
| NAICS Code | 5239 |
| Industry Title | Other Financial Investment Activities |
| Description | Establishments primarily engaged in financial investment activities not classified elsewhere, including portfolio management and investment advice, specializing in securities and commodities. |
| Size Standard | 250 employees or $30 million in annual revenue |
| Typical Businesses | Investment advice firms, portfolio management companies, financial asset brokers |
Frequently Asked Questions (FAQ) About NAICS 5239
What kinds of companies fall under NAICS 5239?
Companies primarily engaged in portfolio management, investment advice, and other specialized financial investment activities related to securities and commodities.
Is NAICS 5239 the same as traditional investment firms?
No. NAICS 5239 specifically covers those financial activities not classified elsewhere under more traditional investment categories, focusing on niche or supplemental investment services.
How does NAICS 5239 impact small business eligibility?
Businesses under this NAICS code that do not exceed 250 employees or $30 million in annual revenue can qualify as small businesses, which opens doors for government contracting opportunities.
What sector is NAICS 5239 part of?
It belongs to the broader Finance and Insurance sector, covering a variety of financial service providers.
Conclusion
NAICS code 5239 – Other Financial Investment Activities, represents an important subset within the Finance and Insurance sector, capturing specialized entities that provide portfolio management, investment advice, and financial brokerage services not classified elsewhere. Whether you’re a business owner seeking to understand where you fall under NAICS classifications or a government contractor looking for relevant codes, knowing these details enhances your market positioning and compliance.
Stay informed about NAICS codes to optimize your business opportunities and align with sector standards in the dynamic world of financial services.
Keywords: NAICS code 5239, Other Financial Investment Activities, Finance and Insurance sector, portfolio management, investment advice, financial asset brokers, small business size standards, financial services NAICS codes.
