Trust, Fiduciary, and Custody Activities in Minnesota
Revenue benchmarks for trust, fiduciary, and custody activities businesses operating in Minnesota.
#40 of 50 states-81.8% vs national avg
Average Revenue
$1.2M
per year
Businesses
36
in Minnesota
Revenue / Employee
$266K
per year
Labor Cost
30.0%
of revenue
Profit Margin
15.0%
industry average
Market Saturation
0.6
firms per 100K in MN
Total Revenue
$43.9M
all firms in MN
Total Employees
165
in MN
How Minnesota Compares
National Average$6.7M
Minnesota$1.2M
Difference$5.5M (-81.8%)