This industry comprises legal entities, trusts, estates, or agency accounts, administered on behalf of the beneficiaries under the terms of a trust agreement, will, or agency agreement.
Illustrative Examples:
Bankruptcy estates
Private estates (i.e., administering on behalf of beneficiaries)
Personal investment trusts
Testamentary trusts
Average Jobs Employed | 8 | |
Average Loan Given | $104,192 | |
Number of Loans Given | 736 | |
Total Amount Loaned | $76,685,152 |
Managing portfolios of trusts are classified in Industry 523920, Portfolio Management;
Operating businesses of trusts and bankruptcy estates are classified according to the kind of business operated.