Advice sought on which share trading platforms support accounts from a trust

me107

Can anyone advise on which share trading platforms allow accounts to be set up in the name of a trust (specifically a personal injury compensation trust)? Several of the platforms I have approached only allow accounts in the name of an individual. The only one i have been able to find which does is Hargreaves Landsdown but their fee of 0.45% puts me off given that I would be looking to invest a one-off sum of 100k and not then likely to add more to it.

Any thoughts on this welcome.

dunstonh

Most of the intermediary ones do.   I'm surprised that the DIY platforms are not.   However, many of the DIY platforms are very small and many are not profitable and running trust accounts is more expensive than individual accounts.  Having to deal with FATCA for example, and some don't want that.

share trading platforms

Perhaps your terminology is confusing the issue a little.   HL is an investment platform.  It is not a share trading platform.   That phrase tends to refer to the platforms that are active in trading rather than investing.   

Thrugelmir

Try Tilney Smith & Williamson's Bestinvest

https://www.tsandw.com/

Albermarle

Thrugelmir said:

Try Tilney Smith & Williamson's Bestinvest

https://www.tsandw.com/

Although they charge 0.4% , so similar to HL.

Alexland

HL only charge 0.45% on their Fund And Share account if investing in traditional funds. There is no ongoing charge if investing in an ETF or Investment Trust just occasional trade fees.

Although due to the virus HL paused accepting applications for trust accounts but still might be worth calling them incase they have an updated view of when this will restart.

https://www.hl.co.uk/help/fund-and-share-account/company-fund-and-share-account/trusts/can-i-open-an-account-in-the-name-of-a-trust