52391 - Miscellaneous Intermediation
Navigating the complex world of financial transactions requires experts who can efficiently bridge buyers and sellers. NAICS code 52391, known as Miscellaneous Intermediation, represents a critical segment within the finance industry that specializes in facilitating these deals. Whether you’re a budding business owner, investor, or government contractor, understanding this NAICS code can help you identify key market opportunities in financial intermediation services.
What is NAICS Code 52391 - Miscellaneous Intermediation?
NAICS code 52391 covers businesses primarily engaged in acting as intermediaries in financial transactions. These establishments do not take ownership of the financial assets but facilitate brokerage or agency services involving securities, commodities, and other financial contracts.
Key Characteristics:
- Focus on financial intermediation without holding assets.
- Serve as brokers and agents in buying/selling securities and commodities.
- Enable market liquidity and efficient transaction flows.
Sector: Finance and Insurance
NAICS 52391 falls under the broader Finance and Insurance sector, a vital part of the economy that supports capital formation, risk management, and investment.
Typical Business Activities under NAICS 52391:
- Securities brokerage
- Commodity contracts brokerage
- Financial transaction brokerage and agency services
These firms help buyers and sellers connect while ensuring regulatory compliance and market integrity.
Size Standards for NAICS 52391
For government contracting and Small Business Administration (SBA) purposes, the size standard for NAICS code 52391 is typically defined as:
- Average Annual Receipts: $16.5 million (varies by year - verify current SBA standards)
This size standard helps determine eligibility for preferential treatment in government contracting and small business programs.
Examples of Businesses under NAICS 52391
- Securities Brokers: Firms facilitating the purchase and sale of stocks, bonds, mutual funds without owning the securities.
- Commodity Contracts Brokers: Companies that act as intermediaries in futures, options, and other commodity contracts.
- Financial Transaction Brokers: Entities that arrange deals between buyers and sellers of various financial instruments.
These businesses are essential cogs in the financial markets, enabling businesses and individuals to transact efficiently.
NAICS Code 52391 Details
| Attribute | Description |
|---|---|
| NAICS Code | 52391 |
| Title | Miscellaneous Intermediation |
| Sector | Finance and Insurance |
| Industry Description | Establishments acting as intermediaries in financial transactions, including brokers and agents dealing with securities and commodities. |
| Typical Activities | Securities brokerage, Commodity brokerage, Financial transaction intermediation |
| Size Standard | $16.5 million average annual receipts (check SBA for updates) |
| Examples of Businesses | Securities brokers, Commodity contracts brokers, Financial brokers/agents |
Frequently Asked Questions (FAQs)
Q1: Does NAICS 52391 include investment advisory services?
No, investment advisory services are classified under a different NAICS code (523930). NAICS 52391 focuses solely on brokerage and intermediation without asset ownership.
Q2: Can a company that holds securities be classified under NAICS 52391?
No, companies that hold or own securities typically fall under different financial services codes, not the intermediation category.
Q3: What distinguishes NAICS 52391 from other financial services codes?
The main distinction lies in acting as brokers or agents without taking ownership of financial assets or contracts.
Q4: How can small businesses benefit from knowing their NAICS code?
Identifying the correct NAICS code is crucial for government contracting, SBA loans, and identifying market niches related to their business.
Understanding NAICS Code 52391 - Miscellaneous Intermediation is essential for businesses involved in financial brokerage and intermediation services. Whether aiming for government contracts or market positioning, this detailed insight aids in strategic decision-making within the dynamic Finance and Insurance sector.
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