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
When first requested by our Solicitor to open a Trust Account for the Trustees of my Father in law’s Will Trust, I assumed it was just a matter of speaking to one of the high street banks, however, this proved to be incorrect and so I decided to investigate on the internet and found Simpson Financial Services and spoke with Lisa Simpson who helped us through this complicated process.
We would definitely recommend them as Lisa was extremely helpful and the fees were very reasonable.
MP - April 2019
As a family, we have been trying to navigate the world of trusts and how to best use them, sounds simple in theory but in practice somewhat different. We had some additional complexities with overseas trustees and mental incapacity. I saw Lisa's firm recommended on a feedback forum and reached out, what I received was a prompt and efficient call from Lisa, full detailed explanation and a guiding hand through a convoluted and somewhat complex (at times) process, that being said we are now on the other side of that thanks to Lisa and the team, thoroughly recommended, 5*.
MB - April 2024
I was tasked with setting up a UK trust bank (my challenge, amongst others, included the fact that I am not based in the UK).
Right from our initial contact it was evident to me that Lisa has a vast amount of knowledge and experience in the field of trust banking.
The service that Lisa provided proved to be invaluable… the successful outcome was delivered with professionalism, attention to detail, continual follow-up and an ongoing emphasis on customer service (not to mention lots of patience).
All in all, this was a very positive experience that far exceeded my expectations.
AR - June 2022
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
Having spent weeks calling lots of different banks trying to find one who would offer a trust account, I was relieved to come across Lisa via a Google search. A time consuming, complicated process suddenly became very easy. Lisa was knowledgeable and responsive and took the pain away. Many thanks Lisa!
TS - July 2023
Lisa was absolutely amazing in helping us set up a lifetime interest Trust Account after the death of our mum. I had quite literally no idea what needed doing and she took care of everything so professionally - she was always available to answer my (often quite stupid) questions patiently and clearly, even responding well out of office hours. She also explained to us about cash platforms, enabling us to invest the money in several high interest accounts which not only means it's protected by the FSCS but also that it is making really good returns for our Dad. In one year alone this will cover her fees 15 times over. What is particularly good about Lisa (and Simpsons in general) is how trustworthy they feel. As someone with absolutely no experience of investing or complex financial matters, you can feel quite vulnerable dealing with people you don't know via email, so I wanted to write this review both to thank Lisa and to reassure others that, if you are looking for someone to set up a trust account for you, you will be in safe hands with Simpsons. Thank you so much Lisa.
SM - Nov 2023
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
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
As the executor of my fathers will I was at a loss as to where I could set up trust funds after trying all the high street banks. It was like a weight had been lifted as soon as i spoke to Lisa. Everything was dealt with quickly and professionally and I can't thank her enough. I would highly recommend Simpson Financial Services to anyone in need of help setting up trusts.
SJ - July 2022
Lisa was very helpful and patient when we needed to set up a trustee account. Even when the process threw in some anomalies she was there to help and support through the process. Would have no problems in recommending to anyone.
AM - Dec 2021
Can’t thank Lisa enough for getting a trustee account set up for my daughter. Have been trying to get an account opened and wasted weeks of my time with high street banks who had no idea what I needed and the solicitor who drew up the trust made it sound easy as just walking into a bank which was far from the truth! A cry for help on the internet search gave me the number for Simpson Financial Services, Lisa at the time was on annual leave and Hannah explained the process and we sorted all the documents out in readiness for Lisa’s return and 2 days of Lisa returning everything was submitted and account opened within a week.
So grateful to both for being so professional and prompt and understanding my sheer desperation to get an account sorted.
PS - Sept 2019
The Trustee Accounts Service has helped me to set up a bank account for our Trust which I was unable to do without help. Lisa found us a good solution for our individual needs and was polite patient and knowledgeable. I am happy that I have received a "value for money" service and recommend this to anyone needing help with navigating the banking system to set up a Trustee Account.
GW - Jan 2024
"I am one of 3 Trustees named in a Will and we had no success approaching local banks/building societies for an account that would allow 3 names on the account, or that would allow the size of deposit involved in this case.
I found Simpsons Trustee Accounts service via an internet search and spoke to Lisa, who explained the service offered, fee and timescales. I am pleased to say that Simpsons were very efficient, communicated promptly and clearly, made the rather complex account application form filling relatively easy, and that we now have an account that seems to satisfy our needs.
GC - May 2017
Thank you for all your efforts and making this process seamless, really appreciated
JS - March 2020
Thank you for all your help; an impressive professional service.
FF - Nov 2023
I know from experience how difficult and complicated it is for a layperson to deal with Trust matters, so my heart sank when I was called on to set up another Trust account. In desperation I turned to the Web, stumbled upon Simpsons Financial Services and contacted Lisa. She was extremely helpful, engaging immediately with my particular problem, and helped me to resolve it quickly and simply.
I doubt I could have found such a satisfactory solution on my own. Lisa was friendly, approachable and efficient; I would certainly ask for her help again in the future, should I need it. I recommend her without reservation.
NO - Jan 2021
I was so relieved to have Lisa recommended to me - she has been brilliant - "holding my hand" through the finding and opening of a suitable trust account to fulfil my late father's wishes. Very professional - and kind and friendly too.
GR - Nov 2023
I was at my wits end trying to locate and open a trustee account. I found Simpson Financial online . Filled in form for call back. The call back from Lisa made me see a light at the end of the tunnel. She told me what to send her and then filled in all forms. Lisa found an account and all the account details arrived at my home. Even when the bank sent me a form to fill in Lisa called me to talk me through the form. Thanks for everything
PMC - Jan 2021
I've never been involved with setting a trust fund up before. Lisa was exceptional at providing this service. From start to completion the process was simple and far quicker than I anticipated. All forms are completed by Lisa and we just required to sign them and return. I would not hesitate in recommending Lisa to open a trust account and definitely use again in the future.
PJ - May 2020
I have been so happy with the service provided by Lisa in organising our trustee bank accounts. I found her a delight to work with, she is professional, patient and very knowledgeable. I don’t know what we would have done without her by our side. I would not hesitate to recommend Simpson Financial Services in dealing with the complicated process of Trustee accounts. Highly recommend.