Our team of qualified independent financial advisors will deal with all of the details, guaranteeing a simple and stress free experience. And, best of all, our solutions are the most transparent and cost effective you will find on the market: all our fees are upfront from day one. Trustee accounts can seem daunting, but we thrive on the challenge of making them as accessible as possible for our clients.
What is a Trustee Bank Account?
A Trustee Bank Account is basically a way to control assets on behalf of a third party. One really clear example is setting up a Trust Fund for a child: the assets are deposited in a Trustee Bank Account, and the person named as Trustee is then responsible for managing the money until the child reaches an agreed-upon age. In this example, the child is what’s known as a beneficiary – the person who benefits from the Trust (through investment returns, investment earned, etc.). The Trustee (or Trustees, because there can be more than one) is the person (or persons) who manages the Trust in order to create those benefits for its owner.
How Simpson Financial Services can help you
The Trust Fund world can be a complicated place if you don’t have the right people helping you out. At Simpson Financial Services, we support you every step of the way, explaining what you need to do in simple terms, and dealing with banks and building societies ourselves, so you don’t have to spend all your time searching for the option that’s right for you.
Best of all, our pricing is completely transparent, and starts from as little as £449.
We’ll lead you through a four-step journey:
- Phone consultation
- Transfer of documents
- The advisory process
- Application
See what our clients think
Lisa, the Trustee accounts specialist at Simpson financial services did an amazing job at helping me source a trustee account. I wouldn’t have had the first clue, and after many high street banks telling me that they did not do Trustee accounts, I really did not know what to do. Lisa made it very easy, I provided the documents that she requested, and she did all the hard work for me. I spoke to Lisa on the phone throughout the process and she was very friendly and understanding and very informative. Updating me on progress every step of the way.
Correspondents was a mixture of phone calls, emails and with the use of their portal, I knew that all the documentation and personal information that was sent over was safe and secure. I highly recommend this service, if like me, you have suddenly been told that you are a trustee for a beneficiary, with absolutely no idea on how to handle it or what to do next, then I highly recommend you give Lisa a call. I can’t thank her enough.
ET - Dec 2021
As a newcomer to the world of trusts, Lisa's help was invaluable in setting up our bank account. She took us through the options available and gave us clear information that enabled us to make the right choice. She completed the paperwork for us meaning that we only had to sign it to complete the process. All in all it was very smooth, and if you have a similar task then Simpson Financial Services come highly recommended.
ME - May 2020
As a historic Executor for my late Aunts Will I was desperate to put the retained estate into a Will Trust Fund . I found little help. The Solicitor handling the Estate declined to help because of the time involved. The Building Society holding my Aunt’s Account did not provide Trust Accounts.
My own Bank did have Trust Accounts but the paperwork given to me appeared unnecessarily complex and with 9 beneficiaries with an interest in the Estate ,scattered throughout the United Kingdom , the amount of work appeared insurmountable. In extremis I found Simpson Financial Services Ltd on the internet and thankfully ‘hit the Jackpot’. Lisa
Simpson , The Trust Specialist , with her easy friendly efficient manner guided me through the process effortlessly, in spite of Covid restrictions , to bring the whole matter to a successful conclusion. I cannot thank Lisa enough for her help and advice.
AH - March 2021
Thank you for getting the trust accounts open Lisa Simpson. Very helpful and professional. Can always call up to get help and advice immediately.
DV - May 2023
"Everything already said in previous testimonials we can agree with and appreciate fully. We approached our own bank and had no joy or help with opening a trustee account. We had also approached a specialist bank ourselves but they wanted a substantial initial deposit just to open such an account.
We found Simpson FS on an internet search and at what was already a difficult time, Lisa took the reins and dealt with everything and sourced just the right account for us with a nil opening balance.
JF - July 2017
I can highly recommend Lisa and the services that she provides through Trustee Accounts. Like many people who are suddenly thrust into the role of being a Trustee, I found it impossible to set up a bank account for the Trust.
When I contacted Lisa and she explained how she could help, I felt a huge weight had lifted off my shoulders. Throughout the whole process, she has been thorough, efficient and approachable which has made life so much easier. She explains things in a straight forward manner and de-mystifies the banking system.
A recent conversation in the local pub resulted in someone sharing their frustration of not being able to set up a bank account for a Trust, so we were pleased to be able to advise them to make contact with Lisa. I am sure they will be equally happy with the service that they receive.
Many thanks to Lisa and her team.
JA - Nov 2023
Thank you very much Lisa for your help with my new Trust Account. Thank you for being super kind, understanding and patient with me yet always very professional. Once again a big thank you.
PZ - Sept 2023
We had no previous experience with Trustee accounts and were struggling to understand what was required. Lisa was knowledgeable and helpful, clearly explaining our options and the process. She took time to understand our situation and the family priorities and tailored her support accordingly.
We never felt under pressure and she was patient and supportive throughout. She was always efficient and responsive and kept us fully informed about progress. Highly recommended.
FH - Oct 2020
I have been very happy with the service provided by Lisa in setting up trustee bank accounts. At all stages in these complicated processes, Lisa has promptly kept me informed of progress and told me what was needed of me. Considering the effort needed on her part, I felt that the charges, for the service provided, were reasonable. I would have no hesitation in recommending Simpson Financial Services to others needing assistance in such matters.
MJ - Dec 2023
After searching the market it was refreshing to find someone that knew how to procure a trust fund account and fully understand my requirements. From the moment I spoke with Lisa I was confident that it could be achieved securely, professionally and importantly with no stress for myself. Everything was dealt with a positive attitude and extremely promptly, I would have no hesitation in recommending Lisa and Simpsons to anyone who requires a trust fund setting up.
DB - June 2021
Many thanks for all your help over the last few months setting up funds from both my mother’s and sister’s estates. I wouldn’t have known where to even start with such a complicated set up for trust accounts. We finally got there! I would certainly recommend your services to others in the future
CS - Jan 2020
Lisa has been the most helpful and professional person that I have ever had the pleasure of dealing with. She had all the solutions I needed in setting up Trust accounts after the loss of my brother which prior to seeking Lisa’s services had proven impossible. Because of matters on my part, things weren’t always straight forward and yet Lisa dealt with them in the most professional and patient manner, I cannot recommend her highly enough.
KV - April 2023
Lisa Simpson was very helpful and transparent in explaining the procedure and costs of setting up a Trust Bank Account. After weeks of frustration when I couldn't find a bank which would allow me to open a Trust Account directly I was very relieved to find that through Lisa the procedure was simple and executed in a very timely manner.
Thank you
LS - April 2023
I am very happy to recommend the services of Lisa Simpson at Simpson Financial Services having successfully secured a Trust account for my father’s art work. Lisa had been suggested by our solicitor and given the complexity of setting up a Trust account nowadays, I am eternally grateful for that suggestion. She was delightful to deal with, patient and understanding and delivered what we needed with minimum fuss and maximum clarity. If this is a service that you need, look no further.
JS - May 2023
After going around in circles for months trying to open a trust account I stumbled upon Lisa Simpson at Trustee Accounts via a desperate Google search. And thank goodness I did! From the time I contacted her she always responded very quickly and was generous with her time and advice. She coordinated the opening of two accounts for us in the end and took away a huge amount of stress. I don’t hesitate to recommend her.
SW - Nov 2023
“I contacted Simpson Financial services via an internet search when I wanted advice about setting up a bank account specifically to manage a Life Interest Trust Fund. I had found out that just popping into the local bank and setting this up was no longer an option; as I was to learn, this is an area that requires careful thought and planning and, it seems, the local High street names are no longer interested.
Fullerton - 2016
Firstly I wanted to thank you for all your help along the way with setting up these accounts. What I thought would be a nightmare turned into quite the opposite- because of you. You were clear about what was required from us with regards to the supporting documentation for our applications. The systems you have in place to support the collecting and collating of these documents made it easy for us. Finally - you were a joy to deal with, talking me through the process without using the usual brain fogging jargon, and I appreciated your instant understanding of my situation and the requirements for the accounts. I would have no hesitation in using your company again or recommending you to anyone who needs this type of service.
DT - June 2023
My husband found this service after many months trying to find someone who I could totally trust to advise me correctly, and who I had total confidence in. When Lisa called, she listened to my situation and explained everything in the most detail, with a follow up email after all our discussions. There was no pressure towards me at any point. I've always felt very informed and felt that everything has always been explained and offered to me for my interests. Lisa has always been very professional and open/honest and always very polite. I always feel totally comfortable, and trust that she is making my money safe. I am forever grateful for her help and guidance and very blessed to my husband for finding this company. I will always recommend you. Thank you.
KN - Dec 2023
After extensive research into setting up a Bare Trust for my children, I found Simpson Financial Services who offered the only practical solution to opening a bank account for the trust. Even the solicitors I contacted were clueless and had given up trying to open accounts for their clients! Lisa made the process very straightforward and once the required paperwork had been supplied the account was opened very quickly.
I cannot recommend her services more highly. Thank you!
BD - Aug 2019
We were referred to Lisa and we couldn't have been happier with her clear and friendly approach. She made the process straight forward and explained all the steps from the outset. She also kept us updated throughout the process and answered any of our questions promptly. We would be more than happy to recommend her. Thanks Lisa.