Funds, Trusts, and Other Financial Vehicles: NAICS 525

About the Funds, Trusts, and Other Financial Vehicles subsector

The funds, trusts, and other financial vehicles subsector is part of the finance and insurance sector.

Industries in the Funds, Trusts, and Other Financial Vehicles subsector are comprised of legal entities (i.e., funds, plans, and/or programs) organized to pool securities or other assets on behalf of shareholders or beneficiaries of employee benefit or other trust funds. The portfolios are customized to achieve specific investment characteristics, such as diversification, risk, rate of return, and price volatility. These entities earn interest, dividends, and other investment income, but have little or no employment and no revenue from the sale of services.

North American Industry Classification System

The funds, trusts, and other financial vehicles subsector consists of these industry groups:

  • Insurance and Employee Benefit Funds: NAICS 5251
  • Other Investment Pools and Funds: NAICS 5259

Workforce Statistics

This section provides information relating to employment in funds, trusts, and other financial vehicles. These data are obtained from employer or establishment surveys. The following tables present an overview of the industry including the number of jobs, data for occupations common to the industry, and projections of occupational employment change.

Employment by Occupation

Data series Employment,
2015

Accountants and auditors

630

Bookkeeping, accounting, and auditing clerks

400

Financial analysts

(1) -

Footnotes
(1) Estimate not released.

(Source: Occupational Employment Statistics)

Projections

For projected (future) employment estimates, see the National Employment Matrix, which includes employment estimates by industry and occupation for funds, trusts, and other financial vehicles.

(Source: Office of Occupational Statistics and Employment Projections)

Earnings by Occupation

Data series Wages, 2015
Hourly Annual
Median Mean Median Mean

Accountants and auditors

$36.08 $41.59 $75,050 $86,520

Bookkeeping, accounting, and auditing clerks

$20.72 $21.08 $43,100 $43,840

Financial analysts

$37.10 $48.29 $77,170 $100,450

(Source: Occupational Employment Statistics)

Workplace Trends

This section presents data on the number of establishments in funds, trusts, and other financial vehicles.

Establishments

Data series Back
data
4th quarter
2014
1st quarter
2015
2nd quarter
2015
3rd quarter
2015

Number of establishments

 

Private industry

Jump to page with historical data
3,517 (P) 3,276 (P) 3,427 (P) 3,529

Local government

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9 (P) 11 (P) 11 (P) 11

State government

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2 (P) 2 (P) 2 (P) 2

Federal government

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Footnotes
(P) Preliminary

(Source: Quarterly Census of Employment and Wages)

 

Data extracted on: May 20, 2016