Penson Worldwide

  www.penson.com
  www.penson.com
There are newer employer reviews for Penson Worldwide

 

Great developers, Great company, software development setup sucks

  • Comp & Benefits
  • Work/Life Balance
  • Senior Management
  • Career Opportunities
Former Employee - Anonymous Employee in Dallas, TX
Former Employee - Anonymous Employee in Dallas, TX

I worked at Penson Worldwide

Pros

Very friendly environment, in all departments but one (software dev) work is set up efficiently, people pulling together in the right direction

Cons

Software is mostly outsourced locally and abroad, developers are trying to glue various pieces together, unrealistic work plans, no clear reqs provided to the outsource team, developers work a lot of hours accomplishing very little due to overcomplicated and inefficient procedures

Advice to ManagementAdvice

Get a good Development VP, re-organize the whole department. "Work more hours" can't be a permanent answer to all issues.

Doesn't Recommend
No opinion of CEO

14 Other Employee Reviews for Penson Worldwide (View Most Recent)

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  1.  

    Lots of ups and downs but it was an interesting ride. We started out as a small regional clearing firm that built a lot

    • Comp & Benefits
    • Work/Life Balance
    • Senior Management
    • Culture & Values
    • Career Opportunities
    Former Employee - Anonymous Employee
    Former Employee - Anonymous Employee

    I worked at Penson Worldwide full-time (more than 10 years)

    Pros

    Great place to work in the beginning. Lots of opportunity to move within the company and work with technology and business development.

    Cons

    Once the company went public they lost focus on the core business. Additionally, the negative impact due to poor decisions regarding a race track crushed the stock.

    Advice to ManagementAdvice

    Should not have allowed a board of director to margin a racetrack.

    Doesn't Recommend
    Negative Outlook
    Disapproves of CEO
  2.  

    Well intentioned, but communication and lack of strategy are sorely missing

    • Comp & Benefits
    • Work/Life Balance
    • Senior Management
    • Career Opportunities
    Current Employee - Anonymous Employee
    Current Employee - Anonymous Employee

    I have been working at Penson Worldwide

    Pros

    The people, including management. Penson does a good job of hiring people that share the core values of the firm.

    Cons

    Lack of clear corporate goals, or a strategy to achieve them. This can, and has, led to much confusion about company priorities, and what you should be working on at any given time.

    Advice to ManagementAdvice

    Pick a couple of clear, defined 1/3/5 year goals, create a plan for how to get there (hopefully after soliciting feedback from employees), and COMMUNICATE, COMMUNICATE, COMMUNICATE it. Measure and report on progress often. Employees need to feel a sense of progress and accomplishment, and that is not happening today.

    No opinion of CEO
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