BNET Industries

Penson Financial Services Inc.

is in the Business Services Industry

Last Fiscal Year Sales:$18.3M
  • Private
  • US
Dow Jones Description

Penson Financial Services, Inc. (PFSI), based in Dallas, Texas, is a securities services firm that provides flexible, technology-based processing solutions for the execution, clearing, custody and settlement of securities transactions. PFSI also offers a platform for registered investment advisors and provides prime brokerage services to hedge funds and other institutional investors. Penson is a member of NASD and SIPC.

Number of Employees 90
Contact Information

1700 Pacific Ave Ste 1400

Dallas, Texas 75201

pensonus.com

(214) 765-1100

NAICS Code Administrative Management and General Management Consulting Services: 541611

News & Analysis

penson financial services inc. - All News and Analysis

Decision Makers

Name (plus bio) Position
Alan Philpot CEO
Bill Yancey President and Chief Executive Officer
Bart McCain Chief Admin Officer & Vice President
David R. Henkel CFO
Ron Frazier COO
Phil Pendergraft Executive Vice President
Daniel P. Son Co-Founder
Sharron Davey Director of Client Services, Sales & Marketing
Amanda McCutcheon Manager, Corporate Communication
Matt Digby Product Manager
Sandra Cardoso Client Services Manager
Shaun Crowley Sales Manager UK & Europe
Mary Smith Controller

Board of Directors

Name (plus bio) Position
Roger J. Engemoen Chairman of the Board

Organization Position Status
Penson Financial Services Inc CEO Current

Bill Yancey is President and CEO of Penson Financial Services, Inc. Prior to joining Penson, he was President of Automated Trading Desk Brokerage Services, LLC. Before joining ATD in 2003, he worked at Southwest Securities in Dallas, rising to Executive Vice President responsible for all principal and agency trading operations in his 13 years there. He is currently serving as the Chairman of the Security Trader's Association for 2006. He also chairs or participates in numerous STA and SIA committees and conferences and is a member of the Board of Trustees of the Securities Industry Institute. He previously served on the NASDAQ Quality of Markets Committee for 4 years, before completing his term in 2002. He is a graduate Texas A&M University with a Bachelor of Science degree in Engineering Technology.

Organization Position Status
Penson Financial Services Inc President and Chief Executive Officer Current
Southwest Securities, Inc. Former
Security Traders Association, Inc Chairman Former
Texas A&M University Bachelor of Science Degree In Engineering Technology. Former

Organization Position Status
Penson Financial Services Inc Chief Admin Officer & Vice President Current
Penson Worldwide, Inc. Vice President Former

Organization Position Status
Penson Worldwide, Inc. CFO & Senior Vice President Current
Penson Financial Services Inc CFO Current

Organization Position Status
Penson Financial Services Inc COO Current

Phil Pendergraft was appointed as Penson Worldwide, Inc.’s Chief Executive Officer in July 2005. From October 2000 through July 2005, Mr. Pendergraft served as the Executive Vice President and Chief Operating Officer. He has served as a member of Penson Worldwide, Inc.’s Board of Directors since September 2000, and has served as an executive officer and Director of certain of our affiliated entities since 1995. Mr. Pendergraft has more than 20 years of securities industry experience, including starting up three clearing operations. Mr. Pendergraft holds a B.A. in economics from Trinity University.

Organization Position Status
Penson Worldwide, Inc. Chief Executive Officer Current
Penson Asia Limited Chief Executive Officer Current
Penson Worldwide, Inc. Chief Operating Officer Current
Penson Financial Services Inc Executive Vice President Current
Penson Worldwide, Inc. Executive Officer Former
Penson Worldwide, Inc. Board of Directors Former
Trinity University B.A. In Economics Former

Daniel P. Son has served as Penson Worldwide, Inc.’s President and a member of the Board of Directors since September 2000. Prior to that, he served as President and a member of the Board of Directors of our predecessor entities. Mr. Son has over 32 years of brokerage operations and clearing experience and has started three clearing operations in the last 17 years. Mr. Son holds a B.B.A. in accounting from Southern Methodist University.

Organization Position Status
Penson Worldwide, Inc. Co-Founder & President Current
Penson Asia Limited President Current
Penson Financial Services Inc Co-Founder Current
Penson Worldwide, Inc. Board of Directors Current
Penson Financial Services Inc President Former
Southern Methodist University Member Former
Southern Methodist University B.B.A. In Accounting Former

Organization Position Status
Penson Financial Services Inc Director of Client Services, Sales & Marketing Current

Organization Position Status
Penson Financial Services Inc Manager, Corporate Communication Current

Organization Position Status
Penson Financial Services Inc Product Manager Current

Organization Position Status
Penson Financial Services Inc Client Services Manager Current

Organization Position Status
Penson Financial Services Inc Sales Manager UK & Europe Current

Organization Position Status
Penson Financial Services Inc Controller Current

Mr. Engemoen is Chairman of Penson Worldwide, Inc., an officer of most of the Penson companies and a director of all of the companies in the Penson Group. He has more than 25 years experience in the securities industry in both the banking and brokerage sectors. He is the founder of Service Asset Management Company, a predecessor company to Penson Financial Services, Inc. and is the Chairman of SAMCO Capital Markets, Inc., SAMCO Holdings, Inc. and SAMCO Financial Advisors, Inc. He is a graduate of Southern Methodist University with a Bachelor and Masters Degree in Business Administration.

Organization Position Status
Penson Financial Services Inc Chairman of the Board Current
Samco Capital Markets, Inc. Chairman Current
Penson Asia Limited Chairman of the Board Current
Penson Worldwide, Inc. Chairman Current
Southern Methodist University Master's Degree In Business Administration Former
Southern Methodist University Bachelor's Former

Executive News

  • NASDAQ OMX Europe Announces First Sponsored Access Partnership With Penson Worldwide

    TradingMarkets - 6/30/09 - View Story

  • NASDAQ OMX Europe Announces First Sponsored Access Partnership With Penson Worldwide

    Street Insider - 6/30/09 - View Story

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