Power Financial Corp. is a diversified management and holding company that has interests, directly or indirectly, in companies that are active in the financial services sector in Canada, the United States, Europe and Asia.
It operates as a holding company of Great-West Lifeco, Inc., IGM Financial, Inc. and Parjointco NV. Great-West Lifeco is a financial services holding company with interests in the life insurance, health insurance, retirement savings, investment management and reinsurance businesses, primarily in Canada, the United States of America, Europe and Asia.
IGM Financial is a personal financial services company, primarily providing investment advisory and related services.
Parjointco NV operates as a holding company, which holds diversified interests in companies based in Europe and which are active in various sectors, including specialty minerals, water, waste services, energy, and wines and spirits.
The company was founded on April 5, 1940 and is headquartered in Montréal, Canada.