Employment
110,125
Total employees (Census CBP)
Finance and Insurance ·NAICS 52393
NAICS 52393 · IRS SOI 2023 · Census CBP
Investment Advice - Industry Benchmarks
$167,820/yr average annual pay, with 576 SBA loans on record for NAICS 52393.
- 20.1%
- Finance and Insurance sector margin
- 110K
- Workers employed
- $167,820/yr
- Avg payroll / employee
- $422M
- SBA lending, FY20–26
Data updated July 2026
The verdict · NAICS 52393
New York leads Investment Advice activity nationally. IRS SOI doesn't publish margin data at this NAICS level, but the broader Finance and Insurance sector runs a 20.1% net margin.
- 20.1%
- Finance and Insurance sector margin (IRS SOI)
- 110K
- Workers employed (Census CBP)
- $167,820/yr
- Avg payroll / employee
- $422M
- SBA lending, FY20–26
Benchmarking Insights for Investment Advice
Investment Advice sits inside Finance and Insurance, a sector that runs a 20.1% net margin overall.
23,359 establishments employ 110,125 workers (4.7/location) at $167,820/yr average annual pay. New York leads employment, followed by California and Massachusetts.
Avg Payroll / Employee
$167,820/yr
Annual compensation
Establishments
23,359
Business locations
Release-over-release change
What changed from Census CBP 2022 to 2023
Employment decreased by 762; establishment count decreased by 944. This comparison uses two published national Census County Business Patterns releases; suppressed fields are omitted rather than estimated.
Workforce scale
Financial Detail
- Annual Payroll (Total)
- $18.5B
- Avg Employees per Establishment
- 4.7
Sub-Industries
| Industry | Profit Margin |
|---|---|
| Investment Advice NAICS 523930 | N/A |
Top States by Employment
| State | Employment |
|---|---|
| New York | 15,649 |
| California | 12,655 |
| Massachusetts | 5,240 |
| Pennsylvania | 4,463 |
| Colorado | 3,376 |
| Minnesota | 3,365 |
| Georgia | 3,045 |
| New Jersey | 2,542 |
| Washington | 2,434 |
| North Carolina | 2,272 |
Showing top 10 of 51 states
SBA Lending Activity
SBA FY2020–2026SBA Loans Approved
576
Total Loan Volume
$422M
Avg Loan Size
$733K
Jobs Supported
2,062
Program Breakdown
7(a) 481 (84%)
504 95 (16%)
Top SBA Lender
Byline Bank
123 loans in this industry
New Business Share
14.8% of borrowers were new/startup businesses
Annual Lending Trend (7 yrs)
2020 238
2021 222
2022 82
2023 22
2024 9
2025 2
2026 1
Frequently Asked Questions
How profitable is Investment Advice?
IRS SOI doesn't publish margin data at the NAICS 52393 level. New York leads this industry nationally. The broader Finance and Insurance sector runs a 20.1% net margin (IRS SOI 2023).
How many businesses are in Investment Advice?
23,359 business establishments. Together they employ 110,125 workers.
What is the average payroll per employee in Investment Advice?
$167,820/yr average annual pay per employee. Businesses average 4.7 employees per establishment.
Which states have the most Investment Advice employment?
New York leads with 15,649 workers. California (12,655) and Massachusetts (5,240) round out the top three.
How much SBA lending does Investment Advice receive?
Investment Advice businesses received 576 SBA loans totaling $422 million between FY2020 and FY2026. The average loan size was $733K. These loans supported 2,062 jobs at origination. Most lending (84%) came through the SBA 7(a) program.
Comparable industry benchmarks
These links are calculated from the current national dataset. They are comparison paths, not recommendations or evidence that businesses operate alike.
How this ranks: Its Census employment total exceeds 63% of that same 551-industry cohort. Calculated by ranking this industry's reported value against every other industry at the same NAICS digit-level, not the whole dataset: comparing a 6-digit detail industry to a 2-digit sector would mix incompatible scales.
Closest workforce scale
Same NAICS detail level, ordered by the smallest difference in reported Census employment.
Benchmarking Investment Advice
- No margin data, check the parent industry. Browse Finance and Insurance
- 23,359 establishments, 110,125 workers. Payroll benchmarks
- 576 SBA loans on record. SBA lending rankings
Disclaimer: Public IRS/Census data, not financial or tax advice. See our full disclaimer.
Sources: IRS Statistics of Income (SOI) Business Tax Statistics · Census Bureau County Business Patterns 2023
NAICS 52393 · Data year: 2023
According to the U.S. Census Bureau, which released its 2023 County Business Patterns dataset in June 2025, PlainBizBench benchmarks 2,002 U.S. industries against Internal Revenue Service Statistics of Income data. See our methodology for the full compilation process.
Read our methodology - how this data is sourced, computed, and verified.
Source: U.S. Census Bureau, County Business Patterns / SUSB Industry employment scale, payroll, and firm-size benchmarks · 2023
Every figure on PlainBizBench is rendered directly from federal source data, no number is typed in by an editor. This page aggregates profit-margin, payroll, entity-type, and SBA-lending benchmarks for this industry, live from the dataset. See our editorial standards & corrections policy, the methodology behind these numbers, or report a data error.
Disclaimer: Public IRS/Census data, not financial or tax advice. See our full disclaimer.