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Home > Company Index > Financial Services > Investment Banking & Brokerage > Penson Worldwide, Inc.

Penson Worldwide, Inc.
 PROFILE
Penson Worldwide (formerly Service Asset Holdings) works behind the scenes to help brokers do their jobs. The company offers a range of securities clearing services to direct-access, online, and other brokers, including integrated trade execution, clearing and custody services, customer account maintenance, and customized data processing. Both brokers and their customers can access accounts via the Internet. The firm's purchase of Worldwide Settlements (now Penson Worldwide Settlements) and ECE Electronic Clearing (renamed Penson Financial Services Canada) expanded its scope in the UK and Canada, respectively. Chairman Roger Engemoen Jr. owns about a quarter of the company.

 COMPETITION
JB Oxford Holdings, Inc. (JBOH)
Southwest Securities Group, Inc. (SWS)
Spear, Leeds & Kellogg (dossier)

 FINANCIAL OVERVIEW
Fiscal Year-End: December
1999 Sales (mil.): 36.60
1-Yr. Sales Growth: 112.1%
Employees: 195
Revenue per employee: $187,692.31

 KEY PEOPLE
• Daniel P. Son
    CEO
• Philip A. Pendergraft
    CFO

 CONTACT INFO
1700 Pacific Ave., Ste. 1400
Dallas, TX 75201
US
Phone: 214-765-1100
Fax: 214-217-4978
Online: Web Site

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