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 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
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
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
I was appointed as an executor to a will and was required to set up a trust fund for a relative. After much searching for a suitable provider for a Trust Fund I found Simpson Financial Services via the internet. I found Lisa to be extremely approachable and professional in our dealings to set up the appropriate accounts. I would have no hesitation in recommending her to a friend or relative in the future.
PD - Dec 2022
‘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
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
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
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
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
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 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
Great work and many – actually huge - thanks. We will make sure that the first bill paid is yours!
PB - Feb 2021
We were recommended Lisa Simpson as a specialist in the setting up of Bank Trust accounts. She offered advice in a very professional and sensitive manner at a very difficult time for us. The Trust Accounts were set up and activated in an efficient and timely fashion. I can only thank Lisa for the excellent, professional service that she provided throughout. Thank you Lisa.
MB - May 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
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
Thank you for all your efforts and making this process seamless, really appreciated
JS - March 2020
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
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
Thank you for all your help; an impressive professional service.