NAICS 523940: expiring federal contracts in Portfolio Management and Investment Advice

17 prime contracts under NAICS 523940 reach the end of their current period of performance within 365 days — the window in which a recompete is prepared, not announced. 1 of them end within 30 days.

Data as of October 20, 2026, from USAspending.

Expiring: 17; within 365 days
In the next 30 days: 1; 7 within 90 days
Current holders: 16; across 3 agencies
Obligated to date: $36.0M; median $2.4M

What NAICS 523940 covers

This industry comprises establishments primarily engaged in managing the portfolio assets (i.e., funds) of others on a fee or commission basis and/or providing customized investment advice to clients on a fee basis. Establishments providing portfolio management have the authority to make investment decisions, and they derive fees based on the size and/or overall performance of the portfolio. Establishments providing investment advice provide financial planning advice and investment counseling to meet the goals and needs of specific clients, but do not have the authority to execute trades.

Definition: 2022 NAICS, U.S. Census Bureau.

The 10 soonest to end

Ordered by end date. Every identifier links to the award on USAspending.

The 10 contracts under NAICS 523940 that end soonest
Current holder	Agency	State	Ends	Value	Renewal score
KPMG LLP 77344426F0034 — open this award on USAspending	U.S. International Development Finance Corporation U.S. International Development Finance Corporation	DC	Oct 30, 2026	$886,427	10few signals No option periods left (current end date is the potential end date)
SCHRODER INVESTMENT MANAGEMENT NORTH AMERICA INC 16PBGC26C0003 — open this award on USAspending	Pension Benefit Guaranty Corporation Pension Benefit Guaranty Corporation	NY	Nov 29, 2026	$2,213,650	45some signals One option has been exercised Limited competition (NOT COMPETED), 1 offer received No option periods left (current end date is the potential end date)
NINETY ONE NORTH AMERICA, INC. 16PBGC26C0005 — open this award on USAspending	Pension Benefit Guaranty Corporation Pension Benefit Guaranty Corporation	NY	Nov 29, 2026	$1,214,286	45some signals One option has been exercised Limited competition (NOT COMPETED), 1 offer received No option periods left (current end date is the potential end date)
NED DAVIS RESEARCH, INC. 20341526P00002 — open this award on USAspending	Department of the Treasury Bureau of the Fiscal Service	FL	Dec 4, 2026	$40,000	15few signals Limited competition (NOT COMPETED), 1 offer received
PUGH CAPITAL MANAGEMENT INC 16PBGC24C0034 — open this award on USAspending	Pension Benefit Guaranty Corporation Pension Benefit Guaranty Corporation	WA	Dec 31, 2026	$3,043,474	20few signals 2 options have been exercised
LONGFELLOW INVESTMENT MANAGEMENT CO., LLC 16PBGC24C0033 — open this award on USAspending	Pension Benefit Guaranty Corporation Pension Benefit Guaranty Corporation	DC	Dec 31, 2026	$2,494,442	20few signals 2 options have been exercised
J. P. MORGAN INVESTMENT MANAGEMENT INC. 16PBGC26C0001 — open this award on USAspending	Pension Benefit Guaranty Corporation Pension Benefit Guaranty Corporation	DC	Dec 31, 2026	$650,000	15few signals Limited competition (NOT COMPETED), 1 offer received
CORPORATE REPAIR AND GROWTH STRATEGIES, INC 16PBGC26C0002 — open this award on USAspending	Pension Benefit Guaranty Corporation Pension Benefit Guaranty Corporation	OH	Feb 28, 2027	$602,958	15few signals 1 offer received
PACIFIC RISK ADVISORS LTD 77344426F0126 — open this award on USAspending	U.S. International Development Finance Corporation U.S. International Development Finance Corporation	DC	Mar 15, 2027	$99,800	10few signals No option periods left (current end date is the potential end date)
KPMG LLP 77344426F0122 — open this award on USAspending	U.S. International Development Finance Corporation U.S. International Development Finance Corporation	DC	Mar 20, 2027	$466,689	10few signals No option periods left (current end date is the potential end date)

7 more expiring contracts in this list

This page shows the 10 soonest of 17 contracts under NAICS 523940 that end within 365 days. A subscription opens the rest, with filters, renewal scores and a weekly email when something new enters your window.

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Who buys in this industry

Pension Benefit Guaranty Corporation13 expiring
U.S. International Development Finance Corporation3 expiring
Department of the Treasury1 expiring

NAICS 523940 contracts: questions vendors ask

What is NAICS code 523940?

NAICS 523940 is Portfolio Management and Investment Advice. This industry comprises establishments primarily engaged in managing the portfolio assets (i.e., funds) of others on a fee or commission basis and/or providing customized investment advice to clients on a fee basis. 17 federal contracts under this code end within 12 months.

How many federal contracts under NAICS 523940 are expiring?

17 prime contracts in Portfolio Management and Investment Advice (NAICS 523940) reach the end of their current period of performance within 12 months: 1 within 30 days and 7 within 90. They are held by 16 different vendors and were bought by 3 agencies. The figures are counted from USAspending, the government’s own record of prime contract awards, and rebuilt nightly.

When does the next NAICS 523940 contract end?

The soonest ends on Oct 30, 2026. The table on this page lists the 10 soonest to end, in order, with the incumbent, the awarding agency, the end date and the amount obligated so far. An end date is the date in the award record, not a forecast.

Which agencies buy portfolio management and investment advice?

The agencies with the most expiring work here are Pension Benefit Guaranty Corporation (13 contracts), U.S. International Development Finance Corporation (3 contracts), Department of the Treasury (1 contracts). In total 3 agencies have work under Portfolio Management and Investment Advice (NAICS 523940) ending within 12 months.

Does an expiring contract mean a recompete is coming?

Not on its own. A period of performance that ends is work somebody has to win again, but agencies also extend, consolidate, insource or cancel, and the award record does not say which in advance. Findingbase shows the dates and a renewal score built from five fixed rules, with the reasons each one fired; it does not predict the outcome and does not publish solicitations. The solicitation, when there is one, appears on SAM.gov.

How this page is built

Every contract here comes from USAspending, the federal government’s own record of prime contract awards. A contract appears when its current period of performance ends within 365 days. The table lists the 10 soonest to end — not the largest, and not the highest scoring — so it is a sample of what is really coming rather than a showcase. Award identifiers link back to the source. This page was last rebuilt for Oct 20, 2026.

10 of the 10 contracts in the table above carry a renewal score, and 17 of the 17 in the whole list do. A contract with no score has not been through scoring yet: that is not a low score, it is no score. Scoring works through the soonest expiry dates first.

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