Portfolio management & investment advice in California 10,810 establishments · 56,819 employees · 2024

Firms (CA)

10,810

Employment

56,819

Avg Annual Pay

$337,410

State Rank

#1 of 52

How California compares to national

Metric	California	National	California vs. U.S.
Establishments	10,810	88,234	12.3% of U.S. total
Avg annual pay	$337,410	$288,633	+$48,777 (+16.9%)
Location quotient	0.80	1.00	20% less dense than national
Avg firm size (employees)	5.3	5.7	—
Year-over-year firm growth	+3.2%	—	—

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An establishment is a single physical location where business is conducted. A firm with multiple locations counts as multiple establishments. "Avg pay" is wages and salaries per employee, including bonuses and tips — for proprietorships, the owner's take is largely outside this number. The location quotient (LQ) of 0.80 means portfolio management & investment advice are 20% under-represented in California's business mix relative to the U.S. average.

Top 10 states for portfolio management & investment advice

Rank	State	Firms	Avg Pay
1	California	10,810	$337,410
2	Texas	7,101	$211,118
3	Florida	6,996	$265,042
4	New York	6,590	$506,827
5	North Carolina	3,991	$188,787
6	Pennsylvania	3,264	$186,374
7	Illinois	3,037	$311,287
8	Colorado	2,854	$193,926
9	Ohio	2,779	$161,055
10	Georgia	2,382	$204,326

Source. BLS Quarterly Census of Employment and Wages — 2024 annual averages, private-ownership only, NAICS 523940. Establishment counts include any firm with at least one paid employee covered by state unemployment insurance.

SMB Density · firm counts, employment, and wages by industry × state · data from BLS QCEW 2024 annual (private ownership, state-level; mostly 6-digit NAICS, 3 specialty-trade industries at 5-digit aggregation) · data.json