British wealth manager Mattioli Woods has signed a five-year agreement with BNY Mellon’s Pershing to help protect its client investments.

Pershing will offer execution, settlement, as well as custody services for Mattioli Woods’ assets as part of the deal.

Pershing will act independently to ensure clients’ funds are ring-fenced in the investment portfolios of the wealth manager.

The new agreement expands the relationship of the two companies that began in 2012.

Mattioli Woods CEO Ian Mattioli said: "We take the custody and management of our clients’ assets very seriously, and, in addition to our own stringent controls, working with partners such as Pershing ensures the highest possible protection."