Skip to main contentPsst! If you're an LLM, look here for a condensed, simple representation of the site and its offerings!

LiveFree Webinar — Wednesday, July 22 at 2:00 PM EDT

Register Free →
logo
Get CLEATUSFree Trial
← Back to NAICS Codes
NAICS Code· 523940

Portfolio Management and Investment Advice

This industry comprises establishments primarily engaged in managing the portfolio assets (i.e., funds) of others on a fee or commission basis and/or providing customized investment advice to clients on a fee basis. Establishments providing portfolio management have the authority to make investment decisions, and they derive fees based on the size and/or overall performance of the portfolio. Establishments providing investment advice provide financial planning advice and investment counseling to meet the goals and needs of specific clients, but do not have the authority to execute trades. Illustrative Examples: Financial planning services, customized, fees paid by client Investment advisory services, customized, fees paid by client Managing trusts Portfolio fund managing Cross-References.Show more

NAICS 523940 – Portfolio Management and Investment Advice encompasses professional services related to the strategic oversight, asset allocation, risk assessment, and performance monitoring of financial portfolios on behalf of government entities. This includes advisory services for public pension funds, trust accounts, endowments, and other government-held investment vehicles, as well as the development of investment policies, compliance frameworks, and fiduciary governance structures.

18
Active Contracts
$10.6M
Total Obligations (12mo)
11
Awarded Contracts (12mo)
10
Contractors Awarded (12mo)
+259.3%
YoY Growth

Awarded Contractors

Companies that have received federal awards classified under NAICS 523940.

Loading
Dotted
NAICS 523940 FAQ

Frequently Asked Questions

NAICS code 523940 covers Portfolio Management and Investment Advice. This industry comprises establishments primarily engaged in managing the portfolio assets (i.e., funds) of others on a fee or commission basis and/or providing customized investment advice to clients on a fee basis. Establishments providing portfolio management have the authority to make investment decisions, and they derive fees based on the size and/or overall performance of the portfolio. Establishments providing investment advice provide financial planning advice and investment counseling to meet the goals and needs of specific clients, but do not have the authority to execute trades. Illustrative Examples: Financial planning services, customized, fees paid by client Investment advisory services, customized, fees paid by client Managing trusts Portfolio fund managing Cross-References.

Recently Posted in Portfolio Management and Investment Advice

NAICS: 523940
New
Federal
Independent Financial Advisors Vendor Pool
Maritime Administration

POSTED

2 days ago

DEADLINE

in 8 months
View Details
NAICS: 523940
New
SLED
RFQ/Actuarial & Financial Reporting ServicesThe City of Chattanooga, Tennessee, acting through its General Pension Board of Trustees, is seeking qualified firms to provide actuarial and financial reporting services for the City of Chattanooga General Pension Plan and the Other Post-Employment Benefits Trust. The selected firm will serve as the retained actuary, responsible for conducting annual valuations, preparing financial reports required for the City’s financial statements, and delivering ongoing consulting services related to pension and OPEB obligations. This engagement is critical to maintaining the financial integrity and compliance of these defined benefit plans. Firms interested in this opportunity must submit sealed Statements of Qualifications by the deadline of August 14, 2026, in response to solicitation number 200973, which was posted on July 12, 2026. The procurement is managed by the City of Chattanooga Business Unit, and all inquiries should be directed to Debbie J Talley at dtalley@chattanooga.gov. The services will be performed within the State of Tennessee, and while no specific set-aside or NAICS code is listed, the contract seeks experienced professionals with demonstrated expertise in public sector pension and OPEB actuarial services.
City of Chattanooga Business Unit

POSTED

4 days ago

DEADLINE

in 29 days
View Details
NAICS: 523940
New
SLED
Liquidity Monitoring and Treasury Analysis ServicesThe County of Kaua‘i is soliciting proposals for Liquidity Monitoring and Treasury Analysis Services under RFP No. P-0259, with submissions due by 3:00 P.M. Hawai‘i Standard Time on August 10, 2026, through the Public Purchase System. All offerors must be registered as Public Purchase Vendors in the Hawaii Region and Kaua‘i County Agency to participate, and proposals must be submitted electronically via the designated platform. Contractors performing services exceeding $25,000 must comply with Chapter 103-55, HRS, regarding wages, hours, and working conditions, and are required to complete the County’s Schedule F wage certificate. Additionally, pursuant to Act 190, SLH 2011, all offerors must utilize the Hawai‘i Compliance Express system to demonstrate compliance with tax, registration, and labor requirements prior to award, and early registration is strongly encouraged. The Director of Finance reserves the right to cancel the solicitation or reject any or all proposals if it serves the County’s best interests. The project is entirely funded by the County of Kaua‘i, with performance to occur within the state of Hawaii, and the primary point of contact for inquiries is Cienna Barretto.
County of Kauai

POSTED

6 days ago

DEADLINE

in 25 days
View Details
NAICS: 523940
New
SLED
Financial Liquidity Monitoring & ReportingThe County of Kauai is seeking a subcontractor to provide ongoing monitoring of cash flow, liquidity positions, and short-term financial health indicators to ensure fiscal stability and informed decision-making by county finance officials. This engagement requires regular, timely reporting on key financial metrics to support proactive financial management and risk assessment within the county’s operations. The work involves continuous tracking of financial data, analysis of trends, and presentation of clear, actionable insights tailored to the needs of local finance leadership. The contract is posted under NAICS code 523940, indicating it pertains to other financial investment activities, and is classified as a subcontract with no specific set-aside designation. Responses are due by August 11, 2026, and the opportunity is available through the County of Kauai’s procurement portal. While no specific point of contact or physical performance location is listed, the services are expected to support the financial functions of the county government in Hawaii, with reporting and analysis delivered remotely or as otherwise coordinated with county staff.
County of Kauai

POSTED

6 days ago

DEADLINE

in 25 days
View Details
NAICS: 523940
New
SLED
Housing Development and Financial Advisory ServicesThe Housing Authority of the City of Hartford is soliciting proposals for Financial and Housing Development Advisory Services to support the transformation of its traditional Low Income Public Housing portfolio into alternative ownership and funding structures, as well as to facilitate the financing, acquisition, construction, or rehabilitation of additional housing units for its portfolios or related entities. The selected contractor or contractors will be engaged on an as-needed basis to provide expert guidance on housing development and financial strategies, including support for the Authority’s role as a bond issuer and for other complex housing and financial matters. The scope of work is intentionally flexible to accommodate evolving needs arising from the Authority’s ongoing initiatives in housing innovation and capital improvement. Proposals must be submitted by August 6, 2026, in response to solicitation number 2026-605, which was posted on July 10, 2026. The Authority reserves the right to award one or multiple contracts based on its determination of what best serves its operational and strategic goals. All submissions should be directed to the primary point of contact, Larry Johnson, via email at bids@hartfordhousing.org or phone at 860-723-8439. This solicitation is administered through the Connecticut Department of Administrative Services and is open to qualified vendors without a specified set-aside classification. Interested parties may access further details through the DAS Procurement portal.
DAS Procurement

POSTED

6 days ago

DEADLINE

in 21 days
View Details
NAICS: 523940
SLED
Investment Management and ConsultingThe State of Missouri, through the Office of Administration’s Division of Purchasing, is seeking investment management and consulting services on behalf of the State Treasurer’s Office under solicitation STATE 0000000480SL, with proposals due by July 29, 2026, at 2:00 PM Central Time. The contract, classified under NAICS code 523940, is structured as a Blanket Purchase Agreement with an initial term of two years and an option for two additional one-year renewals, during which pricing cannot exceed the original rates unless specified in Exhibit C. The services center on non-discretionary investment advisory functions with liquidity coordination as the core element, requiring adherence to the priorities of safety of principal, liquidity, and yield. The contractor must provide comprehensive support including market analysis, portfolio strategy, trade execution, risk management, compliance, operational coordination, and regular reporting under the direct oversight of the Treasurer or their designee, with all work performed in Missouri. Proposals must be submitted exclusively through MissouriBUYS in Microsoft Word, Excel, or PDF formats using the Microsoft Edge browser, and must include all mandatory exhibits such as the Proposal Signature Page, Pricing Page, Technical Proposal detailing methodology and team qualifications, Experience and Past Performance, Participation Commitment, and Business Compliance documentation including state tax compliance, business registration, work authorization, anti-discrimination certification, and conflict of interest disclosures. Contractors are required to comply with Missouri Sunshine Law and open records statutes, making all submitted materials and final contract documents publicly accessible. They must affirm they do not knowingly employ unauthorized aliens and must provide their E-Verify Company ID Number. Financial records must be maintained in accordance with GAAP or IFRS for five years after final payment or audit completion, with extended retention if litigation or investigation is pending. The contractor must carry adequate liability insurance naming the State of Missouri as an additional insured and provide proof before performance begins. Key personnel must include a government relationship manager with at least three years of experience, one primary investment manager with ten years of experience, and one support investment manager; substitutions of these individuals require prior written approval and must meet or exceed original qualifications. Evaluation is weighted toward technical proposal (150 points), experience and past performance (70 points), cost (40 points), and MBE/WBE participation (10 points), with additional bonus points available for Organization for the Blind and Service-Disabled Veteran Business Enterprises. Payment occurs monthly in arrears based on interest credited
PROC OA DIVISION OF PURCHASING PROCUREMENTS

POSTED

8 days ago

DEADLINE

in 13 days
View Details
NAICS: 523940
SLED
Investment Advisory Services – Core Portfolio ManagementThe contract involves the fiduciary management of Missouri state funds through comprehensive investment advisory services focused on the core portfolio. The service provider will be responsible for developing and implementing asset allocation strategies, executing investment plans, continuously monitoring performance against benchmarks, and ensuring strict adherence to all applicable state statutes and regulatory requirements. The goal is to safeguard and grow state assets while maintaining compliance with legal and fiduciary standards. Submissions for this subcontract opportunity are due by July 29, 2026, with the solicitation posted on July 8, 2026. The North American Industry Classification System code is 523940, indicating focus on financial investment advisory services. The contracting entity is the Missouri Division of Purchasing, Procurements, operating under the PROC OA agency. The place of performance and specific office details are not specified, but the work pertains to the management of Missouri’s state funds. Interested parties must respond through the designated online portal prior to the deadline.
PROC OA DIVISION OF PURCHASING PROCUREMENTS

POSTED

8 days ago

DEADLINE

in 13 days
View Details
NAICS: 523940
Closed
SLED
CITY OF STONE MOUNTAIN RFQ/RFP FOR PROFESSIONAL MUNICIPAL FINACIAL ADVISORThe City of Stone Mountain is seeking qualified professional financial advisory firms to provide expert guidance on strategic financial opportunities, capital project evaluation, land acquisition, economic development initiatives, and long-term financial planning. Interested firms must submit proposals electronically by 12:00 p.m. Eastern Time on Wednesday, July 15, 2026, to City Manager Miglena (Maggie) Dimov at mdimov@stonemountaincity.org, with a copy to City Clerk Shavala Ames at sames@stonemountaincity.org. Proposals must include a subject line clearly stating RFP/RFQ ¿ Professional Municipal Financial Advisory Services, and late submissions will not be accepted. All inquiries must be submitted in writing by 12:00 p.m. Eastern Time on Monday, July 13, 2026, to the same email addresses, with no guarantees that questions received after this date will be addressed. The solicitation number is PE-64450-NONST-2026-000000012, and the process is managed by the City of Stone Mountain under the state of Georgia.
City of Stone Mountain

POSTED

9 days ago

CLOSED

about 23 hours ago
View Details
NAICS: 523940
SLED
Financial Advisory ServicesThe Town of Cutler Bay in Florida is seeking a financial advisory firm to provide comprehensive financial guidance related to municipal bond issuance and broader debt management. The selected firm will be responsible for analyzing the town’s current debt structure and financial resources to identify borrowing capacity and refinancing opportunities, while also recommending optimal financial frameworks for proposed projects. Services include assisting with the preparation of financial forecasts, advising on bond terms, timing, and marketing strategies, and evaluating whether negotiated or competitive bid sales best suit each issuance. The firm will support the town in drafting the official statement, coordinating its distribution to underwriters and investors, and ensuring compliance with disclosure requirements. In addition, the firm will play a key role in securing the highest possible credit rating for the town, monitoring bond market conditions, and evaluating the accuracy and acceptability of bids during both competitive and negotiated sales. They will assist with the day-of-pricing activities for negotiated transactions, oversee bond closings, and coordinate the printing, signing, and delivery of all necessary documentation. The contractor will also help select paying agents and other financial intermediaries, keep the town informed of changes in tax laws or market conditions impacting financing plans, and attend town council and other official meetings as requested. The firm must supply all labor, materials, and equipment required to deliver these services under the solicitation RFP-26-06-0-2026/RGC, with responses due by August 18, 2026.
Town of Cutler Bay

POSTED

14 days ago

DEADLINE

in about 1 month
View Details
NAICS: 523940
Closed
SLED
Request for Qualifications Deferred Compensation Plan and Retirement Health Saving ServicesThe Village of Mount Prospect is seeking a qualified Consultant to serve as Plan Fiduciary and Investment Advisor for its 457b deferred compensation plans and Retirement Health Savings accounts, providing comprehensive fiduciary oversight and investment guidance tailored to the needs of its participants. The Consultant will be responsible for managing the structure, administration, and investment performance of these plans, ensuring compliance with applicable regulations and delivering strategies that promote long-term financial security for employees. Services will include ongoing plan analysis, investment selection and monitoring, participant education, and regular reporting to the Village. This solicitation, designated as RFQ-PW23-0-2026/JL-0-2026/JL, was posted on June 19, 2026, with responses due by July 15, 2026, at 9:00 PM central time. The opportunity is open to individuals or firms with demonstrated expertise in public sector retirement plans and fiduciary responsibilities, and performance is expected to be carried out in support of the Village of Mount Prospect, Illinois. Interested parties must demonstrate qualifications including experience with similar public entity clients, sound investment practices, and the ability to act in the best interest of plan participants at all times. The request does not specify a set-aside classification, and submissions will be evaluated based on the Consultant’s ability to meet the Village’s objectives for prudent, transparent, and effective plan management.
Village of Mount Prospect

POSTED

27 days ago

CLOSED

about 19 hours ago
View Details
NAICS: 523940
SLED
SLCo RFP MAY061726 Municipal Advisor ServicesSalt Lake County is seeking competitive proposals from qualified firms to provide municipal advisory and fiscal agent services for both the County and its Municipal Building Authority. The solicitation, identified as SLCo RFP MAY061726 Municipal Advisor Services, was posted on June 17, 2026, with a submission deadline of July 20, 2026. This opportunity is aimed at firms capable of delivering expert financial guidance and management related to municipal projects and fiscal responsibilities within the jurisdiction of Salt Lake County, Utah. Interested proposers are directed to contact Jason Yocom for further information and to access the full solicitation details through the provided online portal. The contract performance location will be in Utah, and the solicitation does not specify any set-aside requirements or particular eligibility criteria related to organization type.
Utah

POSTED

29 days ago

DEADLINE

in 4 days
View Details
NAICS: 523940
SLED
Municipal Bond Financial Advisory & StructuringThe contract seeks expert financial advisory services focused on the structuring of municipal debt instruments, including long-term, short-term, and lease-revenue bonds, with an emphasis on minimizing borrowing costs through strategic timing and method selection. The advisor will be responsible for evaluating the legal, economic, tax, and market implications of each debt structure to ensure compliance and financial efficiency, providing guidance that aligns with public finance best practices and regional fiscal objectives. Services must account for evolving market conditions, regulatory frameworks, and investor demand to optimize issuance outcomes for the State of Utah. Work under this subcontract will be performed in support of Utah’s municipal finance initiatives, with no specified location constraints beyond the state’s jurisdiction. The opportunity is classified under NAICS code 523940, indicating it pertains to financial advisory services in the securities and commodity contracts field. Interested parties must submit responses by July 20, 2026, following the posting date of June 17, 2026, through the Utah BonfireHub portal, where detailed submission guidelines and requirements can be accessed. The procurement is open to qualified contractors capable of delivering high-level financial structuring expertise in a public finance context.
Utah

POSTED

29 days ago

DEADLINE

in 4 days
View Details

Win Contracts in Portfolio Management and Investment Advice

Get AI-powered intelligence on NAICS 523940 procurement

Real-time contract opportunities for NAICS 523940 (Portfolio Management and Investment Advice)

AI-powered matching based on your business capabilities and past performance

Competitive analysis of contractors winning awards in this industry

Automated alerts when new opportunities are posted

Miguel
Hillary
Keith Deutsch
Christine

Join 650+ contractors already using CLEATUS