NAICS 523991

What is the NAICS code 523991?

The NAICS code 523991 is applied to those industries related to Trust, Fiduciary, and Custody Activities.

This U.S. industry comprises establishments primarily engaged in providing trust, fiduciary, and custody services to others, as instructed, on a fee or contract basis, such as bank trust offices and escrow agencies (except real estate).

Therefore, all companies engaged in any industrial activity related to this type of business are grouped under category 523991 in the North American Industry Classification System.

This industrial activity of NAICS code is structured as follows:

• 52 - Finance and Insurance
• 523 - Securities, Commodity Contracts, and Other Financial Investments and Related Activities
• 5239 - Other Financial Investment Activities
• 52399 - All Other Financial Investment Activities
• 523991 - Trust, Fiduciary, and Custody Activities

Characteristics of the North American Industry Classification System code 523991

NAFTA

This code is only used in the North American Industry Classification System (NAICS). It´s to say, it is not used in the North American Free Trade Agreement (NAFTA): United States, Canada, and Mexico.

Related codes

The NAICS industry 523991 has the following cross-references:

• Establishments primarily engaged in awarding grants from trust funds are classified in Industry 81321, Grantmaking and Giving Services.
• Establishments primarily engaged in managing the portfolio assets (e.g., trusts, funds) of others are classified in Industry 523940, Portfolio Management and Investment Advice.
• Establishments primarily engaged in performing real estate escrow or real estate fiduciary activities are classified in Industry 531390, Other Activities Related to Real Estate.
• Legal entities (i.e., trusts, estates, or agency accounts) administered on behalf of the beneficiaries under the terms of a trust agreement, will, or agency agreement are classified in Industry 525920, Trusts, Estates, and Agency Accounts.

Related activities

Below are some of the most common types of activities in the Trust, Fiduciary, and Custody activities industry (NAICS Code 523991):

• Administrators of private estates
• Bank trust offices
• Escrow agencies (except real estate)
• Fiduciary agencies (except real estate)
• Personal investments trust administration
• Securities custodians
• Trust administration, personal investment
• Trust companies, nondepository