Home > Products & Services > Penson Product List

Penson Product List

E-Docs

E-Docs is an internet service designed to give investors more timely access to their accounts and financial reports in an electronic format.  Advantages to using E-Docs include: flexible access to account statements, confirms, and tax information, secure storage in a private E-Documents account, reduced paperwork and clutter, and enhanced recordkeeping.

Valet Account

Valet is a full service asset management account, combining many bank type features with the investment options of a brokerage account.  Through a single account you can trade securities, pay bills, write checks, and make ATM and Visa™ debit card transactions while earning valuable rewards points.  By combining various banking and brokerage needs into one account, you can avoid managing multiple relationships with various financial institutions.  One monthly statement details it all!  For more information visit www.valetaccount.com.

Year End Summary Statement
(13 Month Statement)

The Year End Summary Statement was designed for non-Valet investors.  It is delivered in February and provides a detailed comparison of your account from the beginning to the end of the previous year.  The information that it contains is extremely useful when visiting your tax advisor, or when completing your own annual tax documents.

The Summary Statement must be ordered prior to November 15th, is charged annually the following January, and is delivered in February.  It contains the following information for the previous year:

  • Account Value Comparison January1st – December 31st
  • Capital Gains Summary (Realized Gains/Losses)
  • Detailed Income Statement (Dividends)
  • Total Dividends:
    • Non-Qualified
    • Qualified
    • Ordinary
    • Capital Gains Distributions
    • Capital Gains
    • Unrecap. Sec. 120 Gain
    • Non-dividend Distributions
    • Total Foreign Tax Paid
  • Non Government Interest
  • Government Agency Interest
  • Non-Reportable Income (tax exempt income)
    • Sub total Tax Exempt Interest/No AMT
    • Total Specified Private Activity Bond Interest
    • Total Tax Exempt Interest
    • Total MLP Distributions
  • Original Issue Discount
  • Total Non-Reportable Income
    • Sub-Total Tax Exempt Interest
    • Total Specified Private Activity Bond Interest
    • Total Tax Exempt Interest
    • Total Short Interest
  • Activity Details
    • Buys
    • Sells
    • Redemptions
    • Reinvestments
  • Realized Gains/Losses Short and Long Term for all except Options (it does not include transactions for which cost basis information is missing or unavailable)
    • Date Acquired
    • Date Sold
    • Quantity
    • Cost Basis
    • Proceeds
    • Net Gain/Loss
  • Total Realized Gains/Losses
  • Total Margin Interest