Revenues for investment-advice services reached $18 billion in 2004 — a 24 percent increase from revised 2003 figures — according to a U.S. Census Bureau report released today. Investment banking, and security dealings and portfolio management services revenues also featured significant increases.

     The report, titled 2004 Service Annual Survey: Securities, Commodity Contracts, and Other Financial Investments and Related Activities, shows revenues for employer firms. Highlights include:

• Portfolio management services generated $81 billion in revenues, an
  increase of 13 percent from 2003. Investment banking and securities
  dealings rose 18 percent, to $127 billion.

• Commodity contracts services produced revenues of $4 billion in
  dealing and $3 billion in brokerage, up 16 percent and 12 percent.

• Services for securities brokerage rose 5 percent, to $116 billion,
  in 2004.

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Estimates in this report are based on data for employer firms only from the 2004 Service Annual Survey. They contain sampling and nonsampling errors. To keep the identity of an individual firm confidential, some estimates may be suppressed. Users making their own estimates, based on the survey estimates, should cite the U.S. Census Bureau as the source of the original estimates only. See <http://www.census.gov/econ/www/servmenu.html> for measures of sampling variability and other survey information.