Power Financial Corporation

Power Financial Corporation operates as an international management and investment holding company, primarily focusing on the financial services and asset management sectors across Canada, the United States, and Europe. Its comprehensive suite of financial offerings includes various insurance products, such as life, disability, critical illness, accidental death, dismemberment, dental, creditor, and health coverage. The company also provides retirement and investment management solutions, reinsurance and retrocession services, along with investment advisory and financial planning expertise. It delivers wealth savings and income-generating products, and other specialized financial instruments. Furthermore, Power Financial supports employer-sponsored defined contribution plans, individual retirement accounts (IRAs), offering services like enrollment assistance, communication resources, diverse investment options, and educational programs. It extends to fund management and additional investment and advisory support. The company also undertakes private label record keeping and administrative functions. Its investment product portfolio is extensive, encompassing equities, fixed income, absolute return and alternative strategies, hedge funds, and model-based separately managed accounts and portfolios. For wealth preservation and growth, it offers payout annuities, equity release mortgages, life bonds, retirement drawdown strategies, and pension products, alongside securities, mortgages, and various other financial services. Its scope further includes private equity, debt, and thematic funds. Beyond its core financial activities, Power Financial holds significant interests in a diverse array of other businesses. These range from mineral-based specialty solutions, testing, inspection, and certification services, and construction materials like cement, aggregates, and concrete, to consumer goods such as wines and spirits, and food and beverages. It also invests in sporting goods design and distribution, materials technology and precious metal recycling, disposable hygiene products, Atlantic salmon farming, customer experience and business process outsourcing, mobile game development and publishing, and regional leisure parks. Adding to its modern offerings, the corporation operates a dedicated digital investing platform. Established in 1984 and headquartered in Montréal, Canada, Power Financial Corporation operates as a subsidiary of Power Corporation of Canada.