TEAM Risk Management Strategies

Family offices and trust companies managing clients with household staff face a specific operational hazard that generic payroll providers are not built to handle: the intersection of domestic employment law, trust administration, and employer liability. TEAM Risk Management Strategies addresses exactly this gap, offering outsourced payroll and HR services purpose-built for fiduciaries, advisors, and family offices whose clients employ nannies, housekeepers, estate managers, and other domestic staff.

TEAM handles the full employment lifecycle for household workers, covering:

• Payroll processing and tax filing for domestic employees
• Employment risk protection against injury claims and lawsuits
• HR guidance and ongoing employment law compliance
• Benefits administration, including mandated and custom offerings
• Trust-paid employee arrangements for fiduciaries disbursing from trust accounts

With 21 years of operating history, a 99.9% payroll processing accuracy rate, and a 9.5/10 average customer satisfaction score, TEAM serves more than 450 banks, family offices, and trust companies, covering over 4,000 families and 6,500 household employees. Clients include Northern Trust, Wells Fargo, and City National Bank, which signals credibility at the institutional end of the market. The dedicated, multilingual service team model means each client has direct access to specialists rather than a general support queue.

This vendor is narrowly focused on household employment in the United States, which is a strength for principals with domestic staff and a hard constraint for anyone needing broader HR or workforce coverage. Pricing is not publicly disclosed. Family offices that already manage household payroll in-house may find the transition requires process re-alignment, but those exposed to employer liability from domestic staff arrangements will find TEAM fills a gap that no generic HR platform covers.