$0
Guidehouse Inc.
Federal Acquisition Service
- PIID
- 47QACA26C0030
- PSC
- R499 - SUPPORT- PROFESSIONAL: OTHER
Federal NAICS Codes
NAICS 523991
Trust, Fiduciary, and Custody Activities
Explore obligations, trends, recent awards, and incumbent contractors for NAICS 523991.
NAICS 523991 federal market metrics
- Total obligations
- $293.9M
- Total awards
- 360 awards
- Active obligations
- $48.5M
- Size standard
- $47,000,000 receipts
What this NAICS covers
NAICS 523991 covers legal and administrative activities acting as trustee, executor, custodian of financial assets, and fiduciary manager responsible for safekeeping securities, administering trust terms, performing fiduciary accounting, and executing distributions per trust instruments.
Federal opportunities under 523991 typically involve acting as named trustee or custodian on government-held assets, preparing fiduciary accounting reports, executing directed distributions, and maintaining segregated custody records with audit-ready controls.
FY2025 snapshot
- Obligations
- $6.9M
- Awards
- 3
- Average award
- $2.3M
- Change from FY2024
- +187.9%
Federal obligation trend
FY2021
$538.1K · 1 award
FY2022
$232.7K · 2 awards
FY2023
$11K · 1 award
FY2024
$2.4M · 2 awards
FY2025
$6.9M · 3 awards
FY2026
$0 · 3 awards
Recent awards
$10,645
MISCELLANEOUS FOREIGN AWARDEES
Department of State
- PIID
- 19TD5525P0113
- PSC
- U005 - EDUCATION/TRAINING- TUITION/REGISTRATION/MEMBERSHIP FEES
$67,926
COLUMBUS HOUSE, INC
Department of Veterans Affairs
- PIID
- 36C24125P0377
- PSC
- R710 - SUPPORT- MANAGEMENT: FINANCIAL
$6,862,028
STATE STREET CORPORATION
Pension Benefit Guaranty Corporation
- PIID
- 16PBGC25C0057
- PSC
- R703 - SUPPORT- MANAGEMENT: ACCOUNTING
FAQ
What work fits NAICS 523991?
- Provide trustee services for an established trust or custodial account including fiduciary accounting, distribution execution, and records maintenance.
- Administer trust settlements and executor duties including asset liquidation oversight, beneficiary disbursements, and final accounting.
- Operate custody services for securities and cash with reconciliation, safekeeping controls, and custody reporting to contracting officer or contracting entity.
- Manage custodial transfers and title documentation for financial assets, maintaining segregated ledgers and audit trails for each account.
When is NAICS 523991 a weak fit?
- Securities brokerage and trade execution - focuses on executing buy and sell orders and does not take legal title or perform ongoing fiduciary accounting and distributions.
- Commercial banking deposit services - provides deposit-taking, payment, or lending functions but does not assume trustee duties or custody of third-party assets under trust instruments.
- Investment advisory and portfolio management - offers discretionary investment advice without holding legal fiduciary title, custody accounting, or trust administration responsibilities.
What solicitation language points to NAICS 523991?
- Statement of work names the contractor as trustee or custodian with fiduciary responsibilities, including segregation of assets and legal title language.
- Deliverables list periodic fiduciary accounting reports, beneficiary distribution schedules, and audit-ready reconciliations.
- Performance requirements call for custody controls, chain-of-custody procedures, and attestable segregation of client holdings from contractor assets.
Put this market knowledge to work
Now that you know about NAICS 523991 - Trust, Fiduciary, and Custody Activities, let Sweetspot help you find and win relevant government contracts with AI-powered tools.