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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:
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.
Data series | Employment, 2022 |
---|---|
1,510 | |
960 | |
(Source: Occupational Employment and Wage Statistics)
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)
Data series | Wages, 2022 | |||
---|---|---|---|---|
Hourly | Annual | |||
Median | Mean | Median | Mean | |
$37.69 | $41.46 | $78,390 | $86,240 | |
$22.51 | $23.17 | $46,820 | $48,200 | |
(Source: Occupational Employment and Wage Statistics)
This section presents data for the industry on the number of workplace fatalities and the rates of workplace injuries and illnesses per 100 full-time workers in funds, trusts, and other financial vehicles. An injury or illness is considered to be work-related if an event or exposure in the work environment either caused or contributed to the resulting condition or significantly aggravated a pre-existing condition.
Data series | 2012 | 2013 | 2014 | 2015 |
---|---|---|---|---|
Fatalities |
||||
1 | ||||
Blank cells indicate no data reported or data that do not meet publication criteria. |
(Source: Injuries, Illnesses, and Fatalities)
This section presents data on the number of establishments in funds, trusts, and other financial vehicles.
Data series | Back data |
2nd quarter 2022 |
3rd quarter 2022 |
4th quarter 2022 |
1st quarter 2023 |
---|---|---|---|---|---|
Number of establishments |
|||||
8,598 | 8,842 | 9,230 | (p)9,373 | ||
23 | 23 | 23 | (p)23 | ||
7 | 11 | 19 | (p)22 | ||
1 | 1 | 1 | (p)1 | ||
Footnotes |
(Source: Quarterly Census of Employment and Wages)
Data extracted on: September 27, 2023