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 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'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
‘After a long and drawn out probate period, the solicitors informed us that funds from my late Uncle’s estate could be released into a Trust. We just needed to set up a Trustee account. Simple, right?
I couldn’t have been more wrong. None of the high street banks seem to do them anymore and weren’t very helpful when I contacted customer services. It quickly became apparent that this would be yet another long winded hurdle to get over.
AL – December 2018
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 and team at Trust Accounts are in another league of exceptional professionals. They managed the process from the outset, understood my needs, clear instructions of information requests and excellent end product. You would regret going elsewhere.
EG - Jan 2022
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
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
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
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
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
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.
MS - Jan 2024
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
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
Having been advised by my own personal Bank that they do not now handle the work of opening a Trustee Bank Account, I looked at several Companies on the internet that specialise in this work. I was very fortunate to have chosen Simpsons Financial Services.
The opening of this account was carried out by Lisa Simpson in an excellent and efficient manner. The Trustee Bank Account was opened in a matter of a few days. From the moment I contacted Simpsons Financial Services Ltd they were very helpful and efficient at all times. I have no hesitation in recommending this Company.
PJH - Nov 2020
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
Needing to set up a Trust Account for my late father's estate I was getting nowhere until I stumbled upon Simpson Financial Services. Lisa was very helpful and efficient throughout the process of finding a suitable account and getting all of the paperwork sorted, all for a fixed fee. I wouldn't hesitate in recommending Simpson Financial Services to anyone needing a Trust Account.
RS - June 2021
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
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
Lisa, may I take this opportunity to thank you (and your team), for your time, patience and assistance with the setting up of the trust bank accounts. It has been a pleasure working with you.
AM - March 2024
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