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Penson Worldwide Reviews

16 reviews

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2.5
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Penson Worldwide Interim CEO Daniel P. Son
Daniel P. Son
6 Ratings

16 Employee Reviews

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  1. "Was a good company"

    StarStarStarStarStar
    • Career Opportunities
    Former Employee - Anonymous Employee in Dallas, TX
    Former Employee - Anonymous Employee in Dallas, TX
    Recommends
    Neutral Outlook
    Approves of CEO

    Pros

    Penson really cares about their people.

    Cons

    Not exempt from the challenges common to all.


  2. "Customer Service"

    StarStarStarStarStar
    • Work/Life Balance
    • Culture & Values
    • Career Opportunities
    • Comp & Benefits
    • Senior Management
    Former Employee - Anonymous Employee
    Former Employee - Anonymous Employee
    Doesn't Recommend
    Negative Outlook

    Pros

    Management talked a great deal about family and the company's humble beginnings in a church basement on banquet tables and folding chairs.

    Cons

    Poor management. Bot a piece of business they didn't understand and then decided not to support. Issued a new bond to finance the company at the precisely the worst time and couldn't service the debt. The combination cost them the entire company.

  3. "Fun, gossip rule"

    StarStarStarStarStar
    Former Employee - Anonymous Employee
    Former Employee - Anonymous Employee
    Negative Outlook

    Pros

    Typically fun environment. Lots of projects. Mostly decent coworkers.

    Cons

    Projects rarely finished, gossipy high school atmosphere.


  4. "Great coworkers"

    StarStarStarStarStar
    • Work/Life Balance
    • Culture & Values
    • Career Opportunities
    • Comp & Benefits
    • Senior Management
    Former Employee - Anonymous Employee
    Former Employee - Anonymous Employee
    Doesn't Recommend
    Neutral Outlook
    No opinion of CEO

    Pros

    I really enjoyed working with the others in my department. The industry was interesting and the constantly changing technology kept things challenging and engaging.

    Cons

    The top executives did not provide very much direction. The staff could have been better utilized. When there was an imitative introduced, there was little focus or follow up.


  5. "Software Development is messed up"

    StarStarStarStarStar
    Former Employee - Anonymous Employee
    Former Employee - Anonymous Employee
    Doesn't Recommend

    I worked at Penson Worldwide full-time (Less than a year)

    Pros

    DBAs are very professional, most software developers are good people

    Cons

    The whole development process is so messed up it is crazy. Multiple teams manually merging changes in old Version Control systems, release management is so cumbersome it takes huge effort to release anything - and this is just for starters.

    Advice to Management

    Get top level enterprise architect, than actually follow his/hers recommendations.


  6. "Fun while it lasted"

    StarStarStarStarStar
    • Work/Life Balance
    • Culture & Values
    • Career Opportunities
    • Comp & Benefits
    • Senior Management
    Former Employee - Anonymous Employee in Dallas, TX
    Former Employee - Anonymous Employee in Dallas, TX
    Doesn't Recommend
    Negative Outlook
    Disapproves of CEO

    I worked at Penson Worldwide full-time (More than 5 years)

    Pros

    Company Culture, exposure, potential for growth

    Cons

    small company mentality....big company ambition


  7. "Great opportunity to learn a wide range of the clearing business."

    StarStarStarStarStar
    • Work/Life Balance
    • Culture & Values
    • Career Opportunities
    • Comp & Benefits
    • Senior Management
    Former Employee - Anonymous Employee in Dallas, TX
    Former Employee - Anonymous Employee in Dallas, TX
    Doesn't Recommend
    Negative Outlook
    Approves of CEO

    I worked at Penson Worldwide full-time (More than 3 years)

    Pros

    Collegial atmosphere and caring senior executives.

    Cons

    Some mid-level mangers were very political and would attack peers at every turn.

  8. "Amazingly poor decisions made with good intentions"

    StarStarStarStarStar
    • Work/Life Balance
    • Culture & Values
    • Career Opportunities
    • Comp & Benefits
    • Senior Management
    Former Employee - Operations Department Manager in Dallas, TX
    Former Employee - Operations Department Manager in Dallas, TX
    Doesn't Recommend
    Negative Outlook
    Disapproves of CEO

    I worked at Penson Worldwide (More than a year)

    Pros

    Employee oriented
    Good pay
    Some talented people
    Interesting work
    High degree of autonomy

    Cons

    Poor business decision making
    They have no money
    Good old boy network
    Too many people who do nothing

    Advice to Management

    Think


  9. "New leadership is all about what is best for them personally; NOT about doing the right thing for the company"

    StarStarStarStarStar
    • Work/Life Balance
    • Culture & Values
    • Career Opportunities
    • Comp & Benefits
    • Senior Management
    Former Employee - Operations Specialist in Dallas, TX
    Former Employee - Operations Specialist in Dallas, TX
    Doesn't Recommend
    Disapproves of CEO

    I worked at Penson Worldwide full-time (More than 3 years)

    Pros

    Company used to be one of the best places to work with leaders that truly cared about the employees and doing the right thing no matter what

    Cons

    New top leadership is only out for their personal success and doesn't own up to anything bad that they have caused. Shady, egomaniacs with no integrity that are screwing people over. You know who you are.

    Advice to Management

    The new President is the worst thing to ever happen to that company. Too big of an ego, not enough character. Get rid of him. Enough said.


  10. "Worst"

    StarStarStarStarStar
    • Work/Life Balance
    • Culture & Values
    • Career Opportunities
    • Comp & Benefits
    • Senior Management
    Former Employee - Anonymous Employee in Dallas, TX
    Former Employee - Anonymous Employee in Dallas, TX
    Doesn't Recommend
    Negative Outlook
    Disapproves of CEO

    I worked at Penson Worldwide full-time (More than 3 years)

    Pros

    No one knows what they are doing so you can get lost doing nothing.

    Cons

    So many people are bad at their jobs that it's almost silly.

    Advice to Management

    Please please hire better staff.


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