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
Lisa was extremely helpful and efficient at assisting us in setting up our trusts. Queries were answered very quickly and helpfully. Would highly recommend
AM - Oct 2021
Great work and many – actually huge - thanks. We will make sure that the first bill paid is yours!
PB - Feb 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 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 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 couldn't find any bank to open a trust acc and found Lisa Simpson of Simpson Financial Services on google. I was alittle nervous as even though the reviews were great you can't never be sure. After speaking to Lisa I was totally reassured. Lisa explained everything clearly, concisely and transparently.
Lisa always got back to me straight away and nothing was to much trouble. We were on a bit of a dead line but Lisa started straight after the initial phone call and emailed all details by the next day. A super, fantastic service which I can't recommend highly enough.Thank you for making a stressful situation a breeze.
KV - Dec 2022
Having looked into setting up trustee accounts for my niece and nephew and been totally bewildered and frustrated by the lack of advice both on the high street and the internet, it was such a relief to find Simpson Financial Services.
Lisa has been absolutely fantastic - such a help in setting up an account and everything was explained really clearly. The whole process was made very simple and the account opened quickly.
Thank you for being so friendly and professional and providing such an efficient service.
CS - Oct 2019
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
Lisa, I can’t thank you enough for being so amazing and efficient and sorting out our family trust.
EM-E - June 2021
I was recently confronted with the need to set up a Trust account and had no idea on how to do it. I followed up the recommendations on the website and contacted Lisa Simpson. Her advice and support has been very good. She explains a difficult subject in a simple and straightforward way and has kept me up to date with progress. Her personable manner has made the whole process more bearable. Thank you Lisa.
KM - Dec 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
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
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 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
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
Thank you very much Lisa for your help with my new Trust Account. Thank you for being super kind, understanding and patient with me yet always very professional. Once again a big thank you.
PZ - Sept 2023
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 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
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 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.