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
After extensive research into setting up a Bare Trust for my children, I found Simpson Financial Services who offered the only practical solution to opening a bank account for the trust. Even the solicitors I contacted were clueless and had given up trying to open accounts for their clients! Lisa made the process very straightforward and once the required paperwork had been supplied the account was opened very quickly.
I cannot recommend her services more highly. Thank you!
BD - Aug 2019
Thank you for all your help; an impressive professional service.
FF - Nov 2023
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
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
"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
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
We were referred to Lisa and we couldn't have been happier with her clear and friendly approach. She made the process straight forward and explained all the steps from the outset. She also kept us updated throughout the process and answered any of our questions promptly. We would be more than happy to recommend her. Thanks Lisa.
BS - Oct 2021
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
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 contacted Simpson Financial services via an internet search when I wanted advice about setting up a bank account specifically to manage a Life Interest Trust Fund. I had found out that just popping into the local bank and setting this up was no longer an option; as I was to learn, this is an area that requires careful thought and planning and, it seems, the local High street names are no longer interested.
Fullerton - 2016
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
When first requested by our Solicitor to open a Trust Account for the Trustees of my Father in law’s Will Trust, I assumed it was just a matter of speaking to one of the high street banks, however, this proved to be incorrect and so I decided to investigate on the internet and found Simpson Financial Services and spoke with Lisa Simpson who helped us through this complicated process.
We would definitely recommend them as Lisa was extremely helpful and the fees were very reasonable.
MP - April 2019
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
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
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
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
After going around in circles for months trying to open a trust account I stumbled upon Lisa Simpson at Trustee Accounts via a desperate Google search. And thank goodness I did! From the time I contacted her she always responded very quickly and was generous with her time and advice. She coordinated the opening of two accounts for us in the end and took away a huge amount of stress. I don’t hesitate to recommend her.
SW - 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
As a family, we have been trying to navigate the world of trusts and how to best use them, sounds simple in theory but in practice somewhat different. We had some additional complexities with overseas trustees and mental incapacity. I saw Lisa's firm recommended on a feedback forum and reached out, what I received was a prompt and efficient call from Lisa, full detailed explanation and a guiding hand through a convoluted and somewhat complex (at times) process, that being said we are now on the other side of that thanks to Lisa and the team, thoroughly recommended, 5*.