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
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
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 part of the sale of our parents’ house, my sister and I were required to set up a Will Trust Account to deposit the proceeds of our late mother’s share of the house. The solicitor provided no guidance on this process and we assumed it would be a straightforward case of contacting banks ourselves. It was not that simple!
HF - Nov 2019
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 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
Thank you for all your help setting up the account. You have been very responsive, efficient and clear and altogether a pleasure to deal with.
AW - May 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
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
"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
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*.
MB - April 2024
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
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
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
Absolutely amazing firm, swiftly set up my daughter's trust account. Can’t praise Lisa Simpson enough, who managed everything from start to finish, process took a matter of weeks & was extremely helpful. Highly recommend.
CB - Dec 2021
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
I would like to commend your excellent service and support in setting up a trustee account. The whole process was clarified, simplified and made accessible. Lisa was readily available and provided frequent and clear feedback every step of the way. Her support was invaluable. My sincere thanks
CE - Feb 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
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 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 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.