Description

Power Financial Corporation operates as a global management and holding company, primarily concentrating on financial services and asset management across Canada, the United States, and Europe. Its extensive portfolio of financial offerings encompasses a broad spectrum of insurance products—such as life, disability, critical illness, and dental coverage—alongside comprehensive retirement and investment management, financial planning, and advisory services. The company also provides solutions for institutional clients, including employer-sponsored defined contribution plans, individual retirement accounts, fund management, and administrative support. Investment vehicles offered range from equities and fixed income to alternative strategies, hedge funds, and specialized private equity and debt funds. Beyond these, Power Financial delivers wealth management and protection instruments like payout annuities, equity release mortgages, and pension schemes. Significantly, the corporation holds diversified interests beyond its financial core, with stakes in numerous other sectors, including industrial materials, consumer goods (such as wines, sporting equipment, and food), specialized manufacturing, and various service industries like testing, inspection, certification, customer experience, mobile game development, and regional leisure operations. Established in Montréal, Canada, in 1984, the firm also operates a digital investing platform and is a subsidiary of Power Corporation of Canada.