Under the agreement, Pershing will provide execution, settlement and custody services for assets managed by Mattioli Woods. This allows Pershing to act independently to ensure clients’ funds are safely held and ring-fenced in Mattioli Woods’ investment portfolios, the latter firm said in a statement.

“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,” said Ian Mattioli, chief executive officer.

To see a recent interview with Pershing, click here.