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.