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AltaCorp Capital Inc. Selects Penson as Its Canadian Securities Service Provider

^{Published on 2011-06-28 05:05:38 - Market Wire}
 

MONTREAL & CALGARY, Alberta--([ BUSINESS WIRE ])--Penson Financial Services Canada Inc. (PFSC), a member of the Penson Worldwide, Inc. (NASDAQ: PNSN) group of companies and the leading independent provider of correspondent clearing services in Canada, announced today that its has entered into an introducing/carrying broker agreement with AltaCorp Capital Inc., Canadaa™s newest institutional financial advisory firm.

"We are pleased to be partnering with Penson, one of Canadaa™s leading providers of execution, clearing, custody, settlement and technology infrastructure products to the industry"

aWe are pleased to be partnering with Penson, one of Canadaa™s leading providers of execution, clearing, custody, settlement and technology infrastructure products to the industry,a said George Gosbee, President and CEO, AltaCorp Capital Inc. aWe are confident that our clients will be pleased with the full range of services and we look forward to working with Penson as our clearing broker to grow our business in the Canadian marketplace.a

John Skain, President & CEO, PFSC, said, aPenson is excited to help another IIROC firm come to market. The strength of the Penson groupa™s institutional platform, along with the support we can provide AltaCorpa™s business in both Canada and the US, will provide AltaCorp with a seamless platform on both sides of the border. Penson Canada has a strong commitment to firms across the country and is delighted to directly support the needs of AltaCorp Capital Inc.a

As Canadaa™s leading independent carrying broker, Penson offers custom, service-focused solutions that are both innovative and economically attractive. Such an adaptable product offering makes Penson a clear choice for a wide variety of financial institutions in the Canadian marketplace. AltaCorp Capital Inc. offers a full spectrum of value-added financial and advisory services to corporations in varied stages of development, including corporate mergers & acquisitions, equity financings, asset acquisitions & divestitures, institutional sales & trading and institutional equity research.

About AltaCorp Capital Inc.

AltaCorp Capital Inc. is Canada's newest institutional financial advisory firm. AltaCorp offers a full spectrum of value-added financial and advisory services to corporations in varied stages of development, including Corporate Mergers & Acquisitions; Equity Financing; Asset Acquisitions & Divestitures; Institutional Sales & Trading; and Institutional Equity Research. AltaCorp is in a strategic relationship with ATB Financial (ATB), a full-service financial institution headquartered in Edmonton, Alberta. ATB is the largest Alberta-based financial institution, with assets over $26.5 billion and 5,000 Associates across the province. AltaCorp focuses on the key drivers of the Western Canadian economy and the overlapping subsectors of Energy, Agri-Industry, and Diversified Industries. Together, AltaCorp and ATB Financial provide clients full service solutions for all their corporate finance and advisory needs. AltaCorp Capital Inc. is a member of the Investment Industry Regulatory Organization of Canada and the Canadian Investor Protection Fund. For more information, visit [ www.altacorpcapital.com ].

About Penson Worldwide: [ www.penson.com ]

The Penson Worldwide group of companies provides execution, clearing, custody, settlement and technology infrastructure products and services to financial services firms and others servicing the global financial services industry. The Penson Worldwide group of companies includes Penson Financial Services, Inc., Penson Financial Services Canada Inc., Penson Financial Services Ltd., Nexa Technologies, Inc., Penson Futures, Penson Asia Limited, and Penson Financial Services Australia Pty Ltd, among other companies. Headquartered in Dallas, Texas, Penson has served the clearing needs of the global financial services industry since 1995. Penson Worldwide - Building the Best Clearing and Execution Services Firm in the World.

Penson Financial Services Canada Inc. is a participating organization with the Toronto Stock Exchange, the Montreal Exchange, the CNQ Exchange and the TSX Venture Exchange, is regulated by the Investment Industry Regulatory Organization of Canada, is a member of the CIPF, CDCC and CDS and subscribes to various Canadian Alternative Trading Systems.

Penson Forward-Looking Statements

Statements contained in this news release that are not based on current or historical fact are forward-looking in nature. Such forward-looking statements are based on current plans, estimates and expectations. Forward-looking statements are based on known and unknown risks, assumptions, uncertainties and other factors. Actual results, performance, or achievements may differ materially from any future results, performance, or achievements expressed or implied by such forward-looking statements. Penson undertakes no obligation to publicly update or revise any forward-looking statement.