Trust, Fiduciary, and Custody Activities in Michigan
Revenue benchmarks for trust, fiduciary, and custody activities businesses operating in Michigan.
#23 of 50 states-37.1% vs national avg
Average Revenue
$4.2M
per year
Businesses
37
in Michigan
Revenue / Employee
$338K
per year
Labor Cost
30.0%
of revenue
Profit Margin
15.0%
industry average
Market Saturation
0.4
firms per 100K in MI
Total Revenue
$155.8M
all firms in MI
Total Employees
461
in MI
How Michigan Compares
National Average$6.7M
Michigan$4.2M
Difference$2.5M (-37.1%)