Mutual Fund Management Industry Financials

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Mutual Fund 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.

The US mutual fund management industry includes fewer than 1,000 companies with combined annual revenue of $100 billion. Large companies include Fidelity, Vanguard, American Funds, and T Rowe Price. The industry is highly concentrated.

Using the 2002 Census Bureau Economic Census, Hoover's has generated an industry financial summary for the Mutual Fund Management industry.

NAICSNAICS DescriptionEstablishmentsSales, Receipts, or Shipments ($1,000)Annual Payroll ($1,000)Paid Employees
523991Trust, fiduciary, & custody activities2,560$0$025
523999Miscellaneous financial investment activities455$0$05,000
 All NAICS Sectors3,015$0$05,025

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