Managing Trust Structures Within a Single Platform Framework

Trust capability can influence platform suitability for firms advising across different client structures.

Where advisers support clients using Trusts, consistency of operational treatment alongside individual accounts can be an important consideration.

Timeline Platform now supports a range of UK registered Trust types, including:

• Accumulation
• Bare
• Discretionary
• Interest in possession
• Mixed
• Settlor interested

Adding a Trust on Platform

Trusts can be added in the same way as a client.

Select Add new, then Add new Trust within Platform.

To open a Trust, the following are required:

• The Trust must be registered in the UK
• A Trust bank account or Trustee bank account
• Trust Deed in PDF format
• Bank statement in PDF format
• Trust LEI, where applicable

Stakeholders can be added as part of the process. At least one Trustee must be onboarded on Platform to open a Trust.

If there are multiple beneficiaries and you do not wish to onboard them, the Trust may be opened with only a Trustee. The exception is a Bare Trust, where the beneficiary must be added and onboarded.

Once documentation has been approved, the Trust will be available under a dedicated Trusts tab alongside Clients.

Integrated Operational Treatment

Trust accounts operate within the same framework as other accounts on Platform.

You can:

• Request transfers
• Add contributions
• Process withdrawals

A model portfolio can be applied at the outset or added later. Multiple model portfolios can be used where appropriate.

For firms advising on intergenerational planning or estate structuring, Trust capability within a single platform environment can simplify asset placement decisions and reduce fragmentation.

If Trust functionality is relevant to your client base, book a demonstration below.