SIC 6211 - Security Brokers, Dealers, And Flotation Companies
Establishments primarily engaged in the purchase, sale, and brokerage of securities; and those, generally known as investment bankers, primarily engaged in originating, underwriting, and distributing issues of securities. Establishments primarily engaged in issuing shares of mutual and money market funds, unit investment trusts, and face amount certificates are classified in Industry Group 672. Establishments primarily engaged in providing investment advice on a contract or fee basis to establishments which deal in financial contracts are classified in Industry 6282.
Industry trends:
NAICS 6211, encompassing Security Brokers, Dealers, and Flotation Companies, is experiencing several notable qualitative trends that are reshaping the industry. Firstly, there is a significant shift towards digital transformation. Companies are making substantial investments in financial technology (fintech) to drive efficiency, offering digital trading platforms and robo-advisory services that cater to tech-savvy investors. This trend is expected to continue as client demand for seamless, real-time access to financial markets grows.
Secondly, there is an increasing focus on sustainable and responsible investing. Investors are becoming more conscious of environmental, social, and governance (ESG) criteria, prompting brokers and dealers to incorporate ESG factors into their investment products and advisory services. This trend is forecasted to strengthen as regulatory pressures and investor preferences align towards sustainability.
Thirdly, the industry is seeing consolidation as firms seek to achieve greater scale and diversify their service offerings. Mergers and acquisitions are anticipated to rise as companies aim to enhance their competitive edge and expand their market presence.
Regulatory changes also play a pivotal role, with firms needing to adapt to evolving compliance requirements. Enhanced regulatory scrutiny is likely to continue, emphasizing transparency and investor protection.
Looking ahead, the integration of artificial intelligence and machine learning in trading and investment strategies is expected to advance, providing firms with sophisticated tools to improve decision-making and risk management. Overall, firms that effectively leverage technology, respond to ESG demands, and navigate regulatory landscapes are poised to thrive in the dynamic environment of the near future.
This industry is comprised of:
Agents for mutual funds
Bond dealers and brokers
Distributors, security
Floor traders, security
Investment bankers
Investment certificates, sale of
Investment firm-general brokerage
Mineral leases, dealers in
Mineral royalties, dealers in
Mortgages, buying and selling (rediscounting)
Mutual fund agents
Mutual funds, selling by independent salesperson
Note brokers
Oil and gas lease brokers
Oil royalties, dealers in
Option dealers, stock
Sale of partnership shares in real estate syndicates
Security brokers
Security dealers
Security flotation companies
Security traders
Security underwriters
Stock brokers and dealers
Tax certificate dealers
This report includes the ability to segment your Industry by:
- Region
- Employees
- Net Sales
- Company Age
- Total Assets
- Ownership Type
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