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
As executors of my late father’s will my step sister and I were charged with setting up a family trust for a moderate lump sum. We were very unclear on how to go about the task and worried by the legal implications. Luckily an internet search turned up SFS. I was delighted with the sound advice and clarity provided by Lisa.
The one-off service to source and open a suitable account offered good value for money and put our minds at rest. A very professional yet friendly service, all done via phone, email and post within a month, with no ongoing management fees. Thoroughly recommend.
JN - Sept 2019
Thank you for all your help; an impressive professional service.
FF - Nov 2023
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
All the way through the process Lisa was knowledgeable, helpful and approachable. She quickly identified trustee account options for us and clearly explained the details of each. Lisa made opening the account a pain-free process. Would definitely use Simpsons FS if we ever needed another trustee bank account.
AG - Nov 2020
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
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 needed to set up trustee accounts for my two children who had inherited money from their grandfather. My initial assumption, that this would be easy to do without help, proved incorrect – it is a very confusing and complicated process, and there is little clear guidance available online.
I had nearly given up, and was about to approach a local solicitor as a last resort, when I found Simpson FS online. After reading through their site I realised that they seemed to offer exactly what I needed, so I contacted Lisa.
RK – March 2019
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
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
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
Following the death of our Mother, my Brother and I found ourselves to be the named Trustees of a Will Trust. We were advised by our Late Mother’s Solicitor as to what being a Trustee entailed and found the thought quite daunting.
We tried a couple of telephone calls with potential “experts” (financial adviser/accountant) and approached many of the high street banks and building societies ourselves, all without success and we wondered what to do next! Then we found Lisa Simpson! After reading testimonials on the website (Simpson Financial Services), I made contact with the company and received a call back from Lisa the same day. From that first telephone conversation, I felt such a sense of relief and knew Lisa would be able to help us.
LP - Jan 2022
I can confirm that I was impressed by the service provided by Lisa. Dealing with Simpson Financial Services meant that we had access to providers who were not currently dealing with the general public so that sourcing a trust account provider was greatly simplified. Lisa was helpful throughout, dealing with questions promptly, ensuring that we had provided all the necessary information and progress chasing with the provider to get the account set up in the shortest time possible.
PB - June 2023
"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
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
I was struggling to find a bank that could provide me with a Trust account to enable me to follow through with the wishes of my late fathers estate. I'd run out of all options until I engaged the services of Simpsons financial Services. Lisa Simpson was extremely helpful in explaining the process and helped me at every stage to get an account in place. I would highly recommend their services and it was a great relief to finally get it resolved at what was a difficult time and I couldn't seem to find anyone to help me.
OF - Aug 2021
Thank you very much for all of your hard work with getting the account opening sorted. It is a huge weight off of our minds.
RB - March 2020
Thank you so much for all your help in setting up the trusts as I have previously said life would be so much easier if everyone was like you. You have both been a pleasure to deal with, friendly, professional, proactive and have done absolutely everything you said you would in the times that you said you would.
KP - April 2019
We had been trying to set up a Trust Account for over 10months with our regular high street bank who we have been with for over 30 years. Half way through the process they decided they didn't do private trust accounts anymore, they then told us they did so we started the process again, and believe it or not then told us they didn't for a second time! Most of the other banks we talked with wanted all of our bank accounts transferred to them.
Our High Street bank referred us to their private clients division, who could open the account...the only problem was they need £1m deposited in terms of investments! I found Lisa's details online but I was very sceptical, however the whole process was super efficient and sorted within the month! Great result!
GT - Feb 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