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Industry · Finance and Insurance

Trust, Fiduciary, and Custody Activities

NAICS 523991 · 5,311 matched workers · high confidence

Strong Democratic lean
60.6% Democratic, 39.4% Republican

Two-party shares across 5,311 workers in the Trust, Fiduciary, and Custody Activities industry.

60.6%
39.4%
DemocraticRepublican
Imputed
64.5% D · 35.5% R
Includes lean for unaffiliated registrants
Hierarchy
Finance and Insurance › Other Financial Investment Activities
NAICS2 52 · NAICS4 5239
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Where Trust, Fiduciary, and Custody Activities falls

More Democratic than 77% of industries in Finance and Insurance.

← DemocraticRepublican →Commercial Banking — 56% DemocraticPortfolio Management and Investment Advice — 53% DemocraticDirect Health and Medical Insurance Carriers — 59% DemocraticOther Direct Insurance (except Life, Health, and Medical) Carriers — 55% DemocraticInsurance Agencies and Brokerages — 50% DemocraticDirect Property and Casualty Insurance Carriers — 52% DemocraticDirect Life Insurance Carriers — 53% DemocraticInvestment Banking and Securities Intermediation — 54% DemocraticMiscellaneous Financial Investment Activities — 56% DemocraticMortgage and Nonmortgage Loan Brokers — 51% DemocraticFinancial Transactions Processing, Reserve, and Clearinghouse Activities — 60% DemocraticCredit Unions — 55% DemocraticMiscellaneous Intermediation — 61% DemocraticSavings Institutions and Other Depository Credit Intermediation — 57% DemocraticCredit Card Issuing — 63% DemocraticReal Estate Credit — 54% DemocraticPension Funds — 56% DemocraticConsumer Lending — 59% DemocraticInternational, Secondary Market, and All Other Nondepository Credit Intermediation — 52% DemocraticPharmacy Benefit Management and Other Third Party Administration of Insurance and Pension Funds — 53% DemocraticClaims Adjusting — 55% DemocraticAll Other Insurance Related Activities — 56% DemocraticOther Financial Vehicles — 58% DemocraticDirect Title Insurance Carriers — 50% DemocraticSecurities and Commodity Exchanges — 67% DemocraticSales Financing — 54% DemocraticMonetary Authorities-Central Bank — 64% DemocraticOther Insurance Funds — 44% DemocraticOpen-End Investment Funds — 59% DemocraticOther Activities Related to Credit Intermediation — 45% DemocraticCommodity Contracts Intermediation — 69% DemocraticReinsurance Carriers — 57% DemocraticHealth and Welfare Funds — 61% DemocraticTrusts, Estates, and Agency Accounts — 79% DemocraticTrust, Fiduciary, and Custody Activities — 61% Democratic0%25%50%75%100%
Each dot is one of the 34 other industries in Finance and Insurance; size scales by workforce. Hover to see names — click to jump.

How this is measured

VRscores estimate the partisan composition of an industry by linking voter registration records to employment profiles, then aggregating workers up the NAICS hierarchy. The two-party shares above exclude workers with no major-party affiliation.

Read the full methodology or the published Organization Science paper.

Top employers in Finance and Insurance

Other industries in Finance and Insurance

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Citation

Kagan, Max; Frake, Justin; Hurst, Reuben (2026). “VRscores: A New Measure and Data Set of Workforce Politics Using Voter Registrations.” Organization Science, 37(2), 444–465.
https://doi.org/10.1287/orsc.2025.20402