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
I was struggling to open a number of Trust Accounts as most banks seem to be withdrawing them. I reached out to Lisa Simpson of Simpson Financial Services for some advice. Oh my goodness what a breath of fresh air, Lisa explained clearly, concisely and transparently how they could assist and help set these up.
I engaged immediately and wasn’t disappointed, they hold your hand and guide you through the whole process, furthermore I received regular updates during the process and some investment advice along the way.
I would absolutely recommend using these guys, good old-fashioned service at its very best where nothing is too much trouble.
DM - Oct 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
Absolutely amazing firm, swiftly set up my daughter's trust account. Can’t praise Lisa Simpson enough, who managed everything from start to finish, process took a matter of weeks & was extremely helpful. Highly recommend.
CB - Dec 2021
We recently set up a trustee bank account with Simpson Financial Services Ltd. It would have been very difficult to navigate this process without Lisa Simpson, who guided us through it step by step and provided us with invaluable guidance and assistance. Nothing was too much trouble and she kept us informed every step of the way. Thank you so much for all of your help Lisa.
SE - April 2021
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 contacted Simpson Financial Services when I was faced with trying to open a bank account for Trustees to handle funds for a family member living overseas. I had found it impossible to do myself. Lisa Simpson initially 'phoned me, without obligation, to discuss what I was seeking to do.
After understanding the difficulties of finding a bank, and the steps needed to open an account, I had no hesitation in employing Lisa for this task. She was very professional and efficient, making sure that the large number of documents collected from all Trustees was organised ready to be presented to banks willing to open an account. Lisa ensured there were no delays.
She kept in touch at every stage, always replied to messages and 'phone calls and was very patient when Trustees made mistakes with paperwork! I found her to be kind and supportive throughout a difficult task. I could not have achieved the successful opening of an account without Lisa's professional help and advice.
TB - March 2021
I needed to open a discretionary Trustee Account in accordance with my uncles will. I never dreamt how difficult this could be. Contacted every high street bank I could think of and a few building societies with no luck at all.
Finally a friend told me about Lisa at Simpson Financial Services. Oh what joy she was wonderful, found me a bank account advised me what paperwork was required, filled out the application for me.
Bank account opened and operating in no time and all done via the internet. Absolutely brilliant service, I really cannot thank her enough she really was my saviour. Thank you Lisa
SJ - Feb 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 would like to thank Lisa Simpson for sorting out a Trust Bank Account for me. Prior to contacting Lisa I had contacted numerous banks. I managed to find a couple that would open an account, however once I mentioned my niece the beneficiary lived in Sweden they all said it would not be possible. I also spoke to a number of financial advisors who were all unable to help due to my niece not being a UK resident. I found trustee accounts from a Google search. From the first call from Lisa she was confident that she could get an account opened even when I explained the issues I had been having. Lisa is extremely helpful and clearly excellent at what she does. The portal Simpson Financial Services use, is simple to use and a secure fast way to supply documents. I would definitely recommend anyone needing a Trust Account to look no further than Simpson Financial Services.
WW - Nov 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
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
Thank you so much for your help setting up the Trust account. I was at the end of my tether with the high street banks and you made it all happen! You were well worth your fee!!!
RB - March 2020
"I needed to set up three Trustee accounts for the children. I telephoned my private banker who was not very helpful and the internet was, as ever, a bit confusing with lots of information but no filter. Simpson Financial Services' website was pretty clear however, offering a bespoke approach in particular.
I contacted the team and had an almost immediate response from Lisa. After a couple of emails and a telephone call, everything was sorted.
Harris - 2016
Great work and many – actually huge - thanks. We will make sure that the first bill paid is yours!
PB - Feb 2021
I wouldn't hesitate to recommend Lisa and the team. She was professional, thorough, and always responded quickly to any queries. She managed to get a Trust account set up quickly and made what was a stressful situation much easier. Worth the money and wish I'd contacted her earlier! Thank you Lisa!
SB - May 2023
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
As part of the sale of our parents’ house, my sister and I were required to set up a Will Trust Account to deposit the proceeds of our late mother’s share of the house. The solicitor provided no guidance on this process and we assumed it would be a straightforward case of contacting banks ourselves. It was not that simple!
HF - Nov 2019
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
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 finding a suitable bank account for our trust and for coping with all the paperwork in a responsive, efficient and friendly way. You provide a great service - considerably easier than trying to deal directly with the banks