Major Group SIC 6282 - Investment Advice

SIC 6282 - Investment Advice

SIC 62 - Security And Commodity Brokers, Dealers, Exchanges, And Services
SIC 01 - Agricultural Production Crops SIC 02 - Agricultural Production Livestock And Animal Specialties SIC 07 - Agricultural Services SIC 08 - Forestry SIC 09 - Fishing, Hunting, And Trapping SIC 10 - Metal Mining SIC 12 - Coal Mining SIC 13 - Oil And Gas Extraction SIC 14 - Mining And Quarrying Of Nonmetallic Minerals, Except Fuels SIC 15 - Building Construction General Contractors And Operative Builders SIC 16 - Heavy Construction Other Than Building Construction Contractors SIC 17 - Construction Special Trade Contractors SIC 20 - Food And Kindred Products SIC 21 - Tobacco Products SIC 22 - Textile Mill Products SIC 23 - Apparel And Other Finished Products Made From Fabrics And Similar Materials SIC 24 - Lumber And Wood Products, Except Furniture SIC 25 - Furniture And Fixtures SIC 26 - Paper And Allied Products SIC 27 - Printing, Publishing, And Allied Industries SIC 28 - Chemicals And Allied Products SIC 29 - Petroleum Refining And Related Industries SIC 30 - Rubber And Miscellaneous Plastics Products SIC 31 - Leather And Leather Products SIC 32 - Stone, Clay, Glass, And Concrete Products SIC 33 - Primary Metal Industries SIC 34 - Fabricated Metal Products, Except Machinery And Transportation Equipment SIC 35 - Industrial And Commercial Machinery And Computer Equipment SIC 36 - Electronic And Other Electrical Equipment And Components, Except Computer Equipment SIC 37 - Transportation Equipment SIC 38 - Measuring, Analyzing, And Controlling Instruments Photographic, Medical And Optical Good SIC 39 - Miscellaneous Manufacturing Industries SIC 40 - Railroad Transportation SIC 41 - Local And Suburban Transit And Interurban Highway Passenger Transportation SIC 42 - Motor Freight Transportation And Warehousing SIC 44 - Water Transportation SIC 45 - Transportation By Air SIC 46 - Pipelines, Except Natural Gas SIC 47 - Transportation Services SIC 48 - Communications SIC 49 - Electric, Gas, And Sanitary Services SIC 50 - Wholesale Trade-durable Goods SIC 51 - Wholesale Trade-non-durable Goods SIC 52 - Building Materials, Hardware, Garden Supply, And Mobile Home Dealers SIC 53 - General Merchandise Stores SIC 54 - Food Stores SIC 55 - Automotive Dealers And Gasoline Service Stations SIC 56 - Apparel And Accessory Stores SIC 57 - Home Furniture, Furnishings, And Equipment Stores SIC 58 - Eating And Drinking Places SIC 59 - Miscellaneous Retail SIC 60 - Depository Institutions SIC 61 - Non-depository Credit Institutions SIC 62 - Security And Commodity Brokers, Dealers, Exchanges, And Services SIC 63 - Insurance Carriers SIC 64 - Insurance Agents, Brokers, And Service SIC 65 - Real Estate SIC 67 - Holding And Other Investment Offices SIC 70 - Hotels, Rooming Houses, Camps, And Other Lodging Places SIC 72 - Personal Services SIC 73 - Business Services SIC 75 - Automotive Repair, Services, And Parking SIC 76 - Miscellaneous Repair Services SIC 78 - Motion Pictures SIC 79 - Amusement And Recreation Services SIC 80 - Health Services SIC 81 - Legal Services SIC 82 - Educational Services SIC 83 - Social Services SIC 84 - Museums, Art Galleries, And Botanical And Zoological Gardens SIC 86 - Membership Organizations or Unions And Similar Labor Organizations SIC 87 - Engineering, Accounting, Research, Management, And Related Services SIC 89 - Services, Not Elsewhere Classified SIC 96 - Administration Of Economic Programs
- SIC 628 - Services Allied With The Exchange Of Securities
  SIC 621 - Security Brokers, Dealers, And Flotation SIC 622 - Commodity Contracts Brokers And Dealers SIC 623 - Security And Commodity Exchanges SIC 628 - Services Allied With The Exchange Of Securities
  - SIC 6282 - Investment Advice
    SIC 6282 - Investment Advice SIC 6289 - Services Allied With the Exchange Of Securities or Commodities

Establishments primarily engaged in furnishing investment information and advice to companies and individuals concerning securities and commodities on a contract or fee basis. Establishments that provide advice and also act as brokers or dealers are classified in Industry 6211.

Industry trends:

The investment advice industry (NAICS 6282) is experiencing significant qualitative trends driven by technological advancements, shifting client expectations, and regulatory changes. One major trend is the increasing use of artificial intelligence and machine learning to provide personalized investment strategies and predictive analytics. These technologies are enhancing advisors' capabilities to deliver more customized and efficient services, thereby improving client satisfaction and retention.

Additionally, there is a growing demand for Environmental, Social, and Governance (ESG) investing. Investors are increasingly prioritizing sustainable and ethical investment options, pushing advisors to integrate ESG criteria into their offerings. This shift reflects broader societal changes towards sustainability and corporate responsibility.

Another notable trend is the rise of robo-advisors and digital platforms, which are democratizing access to investment advice. These platforms are particularly popular among younger, tech-savvy investors who value convenience and lower costs compared to traditional advisory services.

In terms of forecasts, the investment advice industry is expected to continue evolving with an emphasis on hybrid models—combining automated advice from robo-advisors with personalized touchpoints from human advisors. This approach aims to balance efficiency and personalization, catering to a wider range of client needs.

Furthermore, regulatory changes are anticipated to impose more stringent compliance requirements, particularly concerning fiduciary responsibilities and transparency. Advisors will need to adapt to these changes by enhancing their compliance frameworks and adopting best practices in client communication and transparency.

Overall, the investment advice industry is poised for growth, driven by technological integration, evolving client preferences, and a stronger focus on ethical investing.

This industry is comprised of:

Futures advisory service

Investment advisory service

Investment counselors

Investment research

Manager of mutual funds, contract or fee basis

Explore related industries:

SIC 4899 - Communications Services, Not Elsewhere Classified SIC 6799 - Investors, Not Elsewhere Classified SIC 8748 - Business Consulting Services, Not Elsewhere Classified

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