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    • Home • Advice • Common questions

    Hi do you know of a platform that offers a trustee account, please?

    01 November 2021

    Question by Roger

    Hi do you know of a platform that offers a trustee account, please?

    Answered by

    Hi Roger,

    Thank you for your question.

    There are a number of different accounts that you are able to hold within a trust including cash, stocks, bonds, and other types of assets, and a number of different platforms and providers who will offer these accounts. The correct platform for you will depend on a number of factors, including the objectives for the trust, and the type of account you are looking to establish.

    When setting up a new account within a trust it is also important to remember that as a trustee you have a duty to manage the trust assets effectively and invest prudently and in the interest of beneficiaries taking into account appropriate levels of risk, and giving consideration to relevant taxation.

    I would suggest speaking to a financial adviser to better understand the options available to you and how to best approach them.

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    Important stuffHolly and the team have worked in the finance industry for many years but we are not regulated to give you personal financial advice. For every story on this website about a good investment, or something which went up by 10% or made someone £200, we could also share a story about a bad investment, something which fell in value or lost someone £200. We aim to provide general information and pointers – and btw we are totally agnostic about which providers you might pick – but if you have complex affairs, want personalised advice or need specific recommendations, please look at advice pages and see if regulated digital or traditional financial advice would be the best solution for your needs. Boring Money Ltd is a limited company registered in England and Wales under registration number 09459832 and we have our registered office at 10 Lower Thames Street, London, England, EC3R 6AF.
    Risk warningAs is always the case with investing, your capital is at risk. The value of your portfolio can go down as well as up and you may get back less than you invest. Tax treatment depends on your individual circumstances and may change in the future.
    Boring Money Ltd is a limited company registered in England and Wales under registration number 09459832 and we have our registered office at 10 Lower Thames Street, London, England, EC3R 6AF.
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