A Comprehensive Employment Solution for Family Offices

Family offices face several challenges when managing household payroll, employment taxes, workplace insurance, labor compliance, and employee benefits on behalf of their clients.

As family offices navigate a complex landscape of federal, state, and local employment laws, tax regulations, and reporting requirements, even unintentional mistakes can result in significant financial penalties and potential legal issues for high-net-worth families.

Not to mention the time-consuming administrative burden of managing household employment, which can distract from core financial management services. It may also require the need to hire costly specialized staff or consultants to administer these tasks in-house.

A Partner You Can Trust

GTM has been a leader in the household employment industry for more than 30 years and partners with hundreds of family offices, wealth managers, and financial advisors to provide their high-net-worth clients with unmatched support from certified payroll professionals, employment tax experts, licensed insurance brokers, and certified HR advisors.

Our unique Family Office Administrative Services Offering (ASO) integrates payroll, taxes, human resources, employee benefits, compliance, and insurance into one comprehensive solution.

With the experts at GTM by your side, you’ll simplify payroll, tax, and benefits administration; maximize your protection from risk; and create a productive workplace with engaged employees that can reduce turnover.

Benefits of GTM’s ASO Solution

Our expertise for your protection

Our expertise in household payroll and tax compliance helps ensure accurate calculations, timely filings, and strict adherence to all regulatory standards, reducing the risk of penalties and protecting families from legal exposure.

Relief from administrative burdens

We’ll handle all aspects of payroll, human resources, insurance, and benefits administration, allowing you to focus on your primary services. Our streamlined processes reduce administrative overhead while ensuring families’ obligations are met.

Strict privacy and security measures built-in

Family offices must maintain strict confidentiality and secure sensitive personal and financial information. Our data management practices and systems meet stringent security and privacy standards, safeguarding clients’ sensitive information and maintaining the highest levels of confidentiality.

Engaged employees for a productive workplace

A lack of human resources support and competitive benefits for household employees can lead to high turnover and staff dissatisfaction. With GTM as your household HR team, we can help you engage employees, retain staff, and create a competitive benefits package, including health insurance and retirement plans.