That's why we've selected Penson Financial Services, Inc. to provide us with execution and clearing services. Being able to depend on a top-tier clearing firm enables our representatives to service clients with confidence.

Penson Financial Services, Inc. (PFSI) is a leading independent provider of execution, clearing,settlement and technology to the global financial services industry. Historically, they have offered their services to online, direct-access and traditional broker-dealers.  However, in recent years they have expanded their offering to service large banks, institutional brokers, hedge funds, financial technology firms and members of the various exchanges.
 
PFSI’s products and services mix provides a range of solutions that enables them to partner with broker-dealers in order to help BD service their diverse and rapidly expanding customer base. In addition to their products and services, they bring a “can-do” attitude, deep industry knowledge and a desire to measure their success by the success of our partners.
 
With their first-rate people, technology and robust suite of products and services – in tandem with the most innovative customers – they ’re reinventing the clearing and execution services landscape.

SIPC

Penson Financial Services, Inc. is a member of the Securities Investor Protection Corporation (SIPC), which protects cash and securities held in customer accounts of its members up to a ceiling of $500,000, including a maximum of $100,000 for cash claims. Visit www.sipc.org or contact SIPC at (202) 371-8300 for more information about SIPC coverage.

Penson has purchased an additional insurance policy through a group of London Underwriters (with Lloys's of London Syndicated as the Lead Underwriter) to supplement SIPC protection. This additional insurance policy becomes available to customers in the event that SIPC limits are exhausted and provides protection for securities and cash up to an aggregate of $600 million. This is provided to pay amounts in addition to those returned in a SIPC liquidation. This additional insurance policy is limited to a combined return to any customer from a Trustee, SIPC and London Underwriters of $150 million, including cash of up to $2 million. Similar to SIPC protection, this additional insurance does not protect against a loss in the market value of investment securities and does not cover all assets.

For a full description of the assets and securities that are covered, please visit www.sipc.org.

Memberships:

NYSE, NASDAQ/OMX, American Stock Exchange, BATS,

SIFMA DirectEdge, Chicago Board Options Exchange, Chicago Stock Exchange, International Securities Exchange, National Securities Exchangem, Participant of the Boston Options Exchange, DTCC, Euroclear NSCC, Options Clearing Corp, FINRA, MSRB, SIPC

Please click here to view Penson Financial's Statement of Financial Condition and Order Routing Report.