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NAICS Code· 523150

Investment Banking and Securities Intermediation

This industry comprises establishments primarily engaged in underwriting, originating, and/or maintaining markets for issues of securities, or acting as agents (i.e., brokers) between buyers and sellers in buying or selling securities on a commission or transaction fee basis. Investment bankers act as principals (i.e., investors who buy or sell on their own account) in firm commitment transactions or act as agents in best effort and standby commitments. This industry also includes establishments acting as principals in buying or selling securities generally on a spread basis, such as securities dealers or stock option dealers. Illustrative Examples: Bond dealing (i.e., acting as a principal in dealing securities to investors) Mutual fund agencies (i.e., brokerages) Securities brokerages Securities underwriting Stock brokerages Stock options dealing Cross-References.Show more

NAICS 523150 – Investment Banking and Securities Intermediation encompasses financial advisory services related to capital raising, mergers and acquisitions, asset restructuring, and securities underwriting for public and private entities. In the government contracting context, this NAICS code applies to firms providing strategic financial counsel to federal agencies on debt issuance, public-private partnerships, infrastructure financing, and portfolio optimization.

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Contract Opportunities

Active solicitations and awarded contracts classified under NAICS 523150 — Investment Banking and Securities Intermediation.

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NAICS 523150 FAQ

Frequently Asked Questions

NAICS code 523150 covers Investment Banking and Securities Intermediation. This industry comprises establishments primarily engaged in underwriting, originating, and/or maintaining markets for issues of securities, or acting as agents (i.e., brokers) between buyers and sellers in buying or selling securities on a commission or transaction fee basis. Investment bankers act as principals (i.e., investors who buy or sell on their own account) in firm commitment transactions or act as agents in best effort and standby commitments. This industry also includes establishments acting as principals in buying or selling securities generally on a spread basis, such as securities dealers or stock option dealers. Illustrative Examples: Bond dealing (i.e., acting as a principal in dealing securities to investors) Mutual fund agencies (i.e., brokerages) Securities brokerages Securities underwriting Stock brokerages Stock options dealing Cross-References.

Recently Posted in Investment Banking and Securities Intermediation

NAICS: 523150
SLED
Investment Banking Underwriting ServicesThe Contract for Investment Banking Underwriting Services is issued by the Contracts & Procurement Department of the Port of Portland in Oregon under solicitation number 2026-13803, with a response deadline of July 17, 2026, at 10:00 PM Pacific Time. The scope of services is detailed in Schedule 1.4, and no bid bond is required. The contract is directed toward government entities under the SLED classification, targeting firms capable of providing underwriting support for financial offerings. The primary point of contact is Alesha Siebe, reachable via email at alesha.siebe@portofportland.com or by phone at 503-415-6278. The posting date was June 26, 2026, and further details can be accessed through the vendor portal at the provided UI link. There is no specified set-aside type, NAICS code, or detailed place of performance beyond the agency’s jurisdiction in Oregon.
Contracts & Procurement Department of Port of Portland

POSTED

19 days ago

DEADLINE

in 3 days
View Details
NAICS: 523150
Closed
SLED
RFP 2026.04 Financial Advisor for Revenue and General Obligation BondsBrazosport College is soliciting proposals for a Financial Advisor to provide professional services related to the planning, issuance, refinancing, management, and regulatory compliance of revenue and general obligation bonds. The solicitation, numbered 2026.04, with aNAICS code of 523150, is open to responsible vendors and requires all submissions to be received by July 1, 2026, either electronically through the Ion Wave bidding portal or via sealed paper submission to the College’s Business Services office in Lake Jackson, Texas. Email or fax submissions are not accepted, and late or improperly marked mail will be returned unopened. The selected vendor must begin services on or about September 1, 2026, with an initial term of two years and the potential for two additional two-year extensions based on performance and need, including optional month-to-month service arrangements. The College reserves the right to reject any or all proposals and will award the contract based on overall value, not solely on cost. The evaluation is weighted across six factors: firm experience and qualifications (30 points), specific experience with Texas public and higher education bond programs (25 points), qualifications of key personnel (20 points), proposed approach and methodology (15 points), references and past performance (5 points), and fee proposal (5 points). Fees are not the primary selection criterion. Proposals must include an executive summary, detailed approach to advisory services, full compliance with the scope of work, and a clearly itemized fee structure covering advisory fees, bond-related transaction costs, hourly rates, reimbursable expenses, and other charges. Mandatory supporting documents include a completed Company W-9, Proof of Insurance with minimum limits of $1,000,000 each for commercial general liability, automobile liability, and workers’ compensation, a Conflict of Interest Questionnaire, Felony Conviction Notification, Non-Collusive Certificate, and Form 1295 for business entities filed with the Texas Ethics Commission. The vendor must maintain independence, disclose any conflicts of interest, and comply with Texas Government Code prohibitions against contracting with Iran, Sudan, or known terrorist organizations. The advisor must attend key meetings with the Board of Regents, auditors, and bond counsel, provide periodic written reports, and ensure access to all financial documentation. Insurance policies must include a waiver of subrogation against the College and thirty days’ prior notice of cancellation. All services are performance-based in Texas, with payment processed net thirty days
BRAZOSPORT COLLEGE

POSTED

about 1 month ago

CLOSED

13 days ago
View Details
NAICS: 523150
Closed
SLED
RFP769-26-1026CSThe University of North Texas System is seeking a qualified firm with demonstrated expertise in structuring tax-exempt bond financing under 501(c)(3) provisions to support the development of student housing projects on university campuses through public-private partnerships. The solicitation, identified as RFP769-26-1026CS and numbered UNTS-CONST-247-2026, is open to vendors capable of navigating the complexities of municipal finance, bond issuance, and campus-based affordable housing development. Proposals must reflect a strong track record in facilitating financing arrangements that align with nonprofit and public education objectives, ensuring compliance with federal tax regulations and institutional requirements. Interested parties must submit responses by June 5, 2026, at 7:00 PM Central Time, with all inquiries directed to Carrie Stoeckert at carrie.stoeckert@untsystem.edu. The opportunity is issued under the SLED category, indicating state, local, or educational agency procurement, and is administered by the University of North Texas System in Texas. While specific location details for performance are not provided, the projects will be situated across university campuses within the system. The solicitation is accessible online via the SciQuest portal, and bidders are expected to possess specialized knowledge in structuring and closing 501(c)(3)-based financing transactions for large-scale student housing developments.
University of North Texas System

POSTED

about 2 months ago

CLOSED

about 1 month ago
View Details
NAICS: 523150
Closed
SLED
RFP769-26-1026CS 501c3 Non-Profit Finance EntityThe University of North Texas System is soliciting a qualified financial partner with proven expertise in structuring tax-exempt bond financings under IRS Section 501(c)(3) to support a public-private partnership for the development of student housing and an innovation center on its Denton campus. The selected firm will work in collaboration with Core/Pinnacle, the designated developer, to design and implement a nonprofit-financed capital structure that complies with federal tax-exempt bond regulations and aligns with institutional goals for higher education housing. The solicitation emphasizes specialized experience in student housing financing on university campuses as the primary criterion for evaluation, with no explicit mention of cost-based evaluation or pricing details, indicating the award will likely prioritize technical capability over price. The project requires a firm capable of navigating complex public-private arrangements and delivering a viable financing plan, with no additional prerequisites or standard FAR clauses included in the solicitation. Submissions must be made electronically via the UNTS procurement portal by June 5, 2026, in PDF format only, with no physical delivery options. The primary point of contact for inquiries is Carrie Stoeckert, who serves as the main liaison but whose official role as a contracting officer or contracting representative is not explicitly defined. No evaluation weights, scoring rubrics, contract value estimates, or detailed performance timelines are provided, and while the place of performance is understood to be the Denton campus, specific address or inspection criteria are not stipulated. The solicitation does not require socioeconomic certifications, unique entity identifiers, or past performance disclosures beyond demonstrating relevant experience, and no packaging, invoicing, payment, or accounting data is included. All information necessary for proposal preparation is contained within the referenced RFP document and associated questions file, with PDF as the only accepted submission format.
University of North Texas System

POSTED

about 2 months ago

CLOSED

about 1 month ago
View Details
NAICS: 523150
Closed
SLED
Bond Senior Managing Underwriter/Placement Agent/Direct Purchaser ServicesThe City of Albany is seeking proposals from qualified contractors to provide as-needed professional services as Senior Managing Underwriter, Placement Agent, and/or Direct Purchaser for its debt issuance needs. This request specifically targets the issuance of approximately $16 million in revenue anticipation notes to support the City's cash flow borrowing, with an anticipated closing date as early as June 25, 2026, and a maturity date of June 25, 2027. The City may issue the borrowing on a competitive basis depending on its financial situation and cash flow requirements. Additionally, the City reserves the option to retain the selected firm for managing underwriting and placement services for any other bonds or notes issued within a year of the contract award. Proposals are due by June 4, 2026, and must comply with the City’s procurement policies under the oversight of the City Treasurer. MWBE-certified vendors are encouraged to participate in this solicitation. The City’s contact for this RFP is Robert Magee, reachable via email or phone. This contract opportunity is aimed at ensuring the City has expert financial advisory services to manage its bond issuance effectively while accommodating its ongoing borrowing strategies.
City of Albany

POSTED

about 2 months ago

CLOSED

about 1 month ago
View Details
NAICS: 523150
Closed
SLED
Commercial Paper Liquidity ProviderThe City of Dallas is seeking qualified financial institutions to serve as a Commercial Paper Liquidity Provider for its General Obligation capital improvement program, the Love Field Expansion Airport Program, and the newly planned Stormwater Drainage Management capital improvement program. Current commercial paper programs for the GO and Love Field Airport Modernization Corporation are set to expire in the fall of 2026, prompting the need for a new liquidity facility to ensure uninterrupted short-term financing for these critical infrastructure initiatives. The services required include establishing and managing a commercial paper program with reliable access to liquidity, supporting debt service obligations, and aligning financial operations with multi-year fiscal forecasts extending through FY 2030–31. The solicitation, issued under number BEZ25-00030089 and posted on April 30, 2026, with a submission deadline of May 22, 2026, is open to institutions capable of providing financial stability and operational reliability within the Texas jurisdiction, with all performance activities centered in Dallas. While the contract does not specify a total value, it relies on the provider’s ability to meet program funding needs based on the city’s projected revenue streams and debt capacity metrics. No formal evaluation factors, award criteria, or contract clauses from the Federal Acquisition Regulation were disclosed, and there is no indication of set-aside status, socioeconomic preferences, or detailed submission requirements, suggesting the selection will be based on institutional capability and financial soundness rather than a structured scoring system. The point of contact for inquiries is Grace Ekoh of the City of Dallas.
City Of Dallas

POSTED

3 months ago

CLOSED

about 2 months ago
View Details
NAICS: 523150
Closed
SLED
Municipal Financial Advisory & Debt Issuance StrategyThe City of Craig seeks a financial advisor to provide strategic guidance on the issuance of municipal bonds and the structuring of debt for the Craig Sports Complex project. This engagement requires expert input on optimal market timing, debt capacity analysis, and the design of financial instruments that align with municipal financial goals and investor demands. The advisor must coordinate closely with underwriters and legal counsel to ensure compliance with state and federal regulations, while facilitating a seamless issuance process that maximizes efficiency and minimizes costs. The contract falls under NAICS code 523150, indicating its classification as a financial advisory service within the securities and commodity contracts intermediation sector. The opportunity is structured as a subcontract with a response deadline of June 1, 2026, and was posted on April 29, 2026. While details about set-aside status and specific location are not provided, the primary place of performance is tied to the Craig Sports Complex project in Colorado. The advisor is expected to deliver actionable insights that support long-term fiscal sustainability and public investment objectives, with no indication of a preferred bidder or set-aside program. All proposed solutions must demonstrate a clear understanding of municipal finance frameworks and the ability to navigate complex debt markets on behalf of a local government entity.
City of Craig

POSTED

3 months ago

CLOSED

about 1 month ago
View Details
NAICS: 523150
Closed
SLED
Underwriter Pool Services and General Airport Revenue Bond UnderwritingThe Ontario International Airport Authority (OIAA) is soliciting proposals to establish a qualified pool of underwriting firms to support anticipated General Airport Revenue Bond (GARB) financings totaling approximately $500 million, planned as two negotiated series in 2026 and 2027. This solicitation aims to identify firms capable of delivering comprehensive underwriting services, including bond structuring, marketing, pricing, credit rating agency liaison, syndicate management, and post-closing reporting. The contract term for the underwriter pool is three years, with options for one-year extensions and potential adjustments in pool membership. Selection to the pool does not guarantee transaction participation; final allocation of underwriting roles for each series will be based on proposal merit, firm qualifications, and demonstrated approach to bond issuance strategy. Proposals must demonstrate a deep understanding of OIAA’s financial and credit profile and present a well-considered approach to bond structuring, execution, and market positioning under varying conditions. Important evaluation factors include firms’ relevant experience with airport revenue bonds exceeding $100 million, credit rating agency strategies, distribution capabilities, and pricing competitiveness—with pricing discipline emphasized as a material component. The solicitation requires submission of key personnel biographies, conflict of interest disclosures, and detailed underwriting compensation structures, discouraging loss-leader pricing to promote sustainability. Proposals are limited to 15 narrative pages and must be submitted electronically by May 12, 2026. The scope includes adherence to specified financing assumptions, legal agreements, and certification requirements, though no Federal Acquisition Regulation clauses apply, as this is a municipal financing engagement managed from Ontario, California. The Authority prioritizes a holistic, trade-off approach to award, balancing price with technical and strategic quality to select long-term underwriting partners.
Finance

POSTED

3 months ago

CLOSED

2 months ago
View Details
NAICS: 523150
Closed
SLED
Financial Advisory and Transaction Support ServicesThis contract involves providing specialized advisory services focused on debt structuring, market analysis, credit enhancement, and overall financial strategy to support municipal financial instruments. It is intended to assist the City of San Antonio in managing and optimizing its financial transactions related to municipal debt. The work will be carried out primarily as a subcontract, categorized under NAICS code 523150, which covers securities and commodities exchanges. The contract was posted on April 17, 2026, with a response deadline of June 3, 2026. While specific location details for performance and the point of contact are not provided, the contract is managed by the Texas-based agency for the City of San Antonio. The focus is to deliver strategic financial guidance to improve the city's debt issuance and related financial activities, enhancing the credit profile and market positioning of its municipal instruments.
CITY OF SAN ANTONIO

POSTED

3 months ago

CLOSED

about 1 month ago
View Details
NAICS: 523150
Closed
SLED
Financial Underwriting PoolThe City of San Antonio, Texas Finance Department is soliciting qualifications from experienced financial firms to join its financial underwriting pool, which will serve as the pre-qualified source for selecting Senior Managing Underwriters and Co-Managing Underwriters for municipal debt and securities transactions. This Request for Qualifications, identified as RFQ 26-080 and cataloged under solicitation number 6100019657, is open to firms operating under NAICS Code 523150 and requires active registration through the SAePS vendor portal to be eligible to respond. Firms must demonstrate the capability to perform the full spectrum of underwriting duties associated with leading or co-leading syndicates in the issuance of city-funded securities, with no fixed term for the pool but an expectation of long-term availability for task ordering. All submissions must be made electronically through the SAePS portal by the deadline of June 3, 2026, at 11:00 a.m. Central Time, with no physical submissions permitted. Communication between proposers and city personnel is strictly prohibited until after award to ensure fairness and prevent conflicts of interest, reflecting an adherence to City Code Sections 011 and 2-61. No pricing, cost estimates, or contract value figures are included, as this is a qualifications-based solicitation rather than a price-driven procurement. The award will be based on the assessed competency and experience of respondents, though specific evaluation criteria, weights, or scoring methodologies are not detailed in the available documentation. While key contacts are identified within the Finance Department, including Morgan Aguirre as the primary point of contact and Troy Elliott as the Procurement Director, no formal contracting officer, COR, or COTR designations are publicly listed. The place of performance is San Antonio, Texas, and the City requires no federal FAR clause compliance, instead relying on its own municipal procurement procedures and administrative protocols for oversight and contract administration.
CITY OF SAN ANTONIO

POSTED

3 months ago

CLOSED

about 1 month ago
View Details
NAICS: 523150
Closed
SLED
R.F.P. - Municipal Tax-Exempt Lease FinancingThe contract opportunity is a request for proposals (R.F.P.) titled "Municipal Tax-Exempt Lease Financing," issued by the Connecticut Department of Administrative Services (DAS) Procurement office. It is identified by solicitation number Bid No. 26-24 and was posted on April 14, 2026. The solicitation invites qualified parties to submit proposals related to tax-exempt lease financing for municipal purposes, with a deadline for responses set for April 27, 2026, at 3:00 PM. The contract is currently for advertisement only, and online submissions are not being accepted at this time. This solicitation is managed by a State and Local Government Entity (SLED) within Connecticut, targeting lease financing arrangements under potentially favorable tax-exempt terms for municipal needs. The place of performance for the contract is within the state of Connecticut, although specific city and ZIP code details are not provided. Interested parties can contact Michelle Enman, the primary point of contact for this solicitation, via email or phone. More information and access to the bid details are available through the Connecticut state procurement portal.
DAS Procurement

POSTED

3 months ago

CLOSED

3 months ago
View Details
NAICS: 523150
Closed
SLED
RFQ for Bond Underwriting Services
Guadalupe-Blanco River Authority

POSTED

4 months ago

CLOSED

3 months ago
View Details

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