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Hoover's is Beta Testing our Industries section.
Asset Management Industry Financials
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Asset Management Industry Financial Summary
About 10,000 firms in the US provide financial planning and investment advice to individuals and businesses, with combined annual revenue of $15 billion. Large companies include Value Line, Morningstar, and units of financial services companies. The industry is concentrated at the top, with the eight largest firms accounting for a quarter of industry revenue, but is otherwise highly fragmented. A large local firm may have 30 employees and generate $10 million of annual revenue.
Using the 2002 Census Bureau Economic Census, Hoover's has generated an industry financial summary for the Asset Management industry.
| NAICS | NAICS Description | Establishments | Sales, Receipts, or Shipments ($1,000) | Annual Payroll ($1,000) | Paid Employees |
|---|---|---|---|---|---|
| 523991 | Trust, fiduciary, & custody activities | 2,560 | $0 | $0 | 25 |
| 523999 | Miscellaneous financial investment activities | 455 | $0 | $0 | 5,000 |
| All NAICS Sectors | 3,015 | $0 | $0 | 5,025 |
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