Power Corporation of Canada T.POW

Alternate Symbol(s): PWCDF | T.POW.PR.A | PWCCF | T.POW.PR.B | T.POW.PR.C | T.POW.PR.D | T.POW.PR.E | T.POW.PR.G

Financial Services Insurance - Diversified

Power Corporation of Canada is a Canada-based international management and holding company. The Company is focused on providing financial services in North America, Europe, and Asia. Its core holdings include insurance, retirement, wealth management and investment businesses, including a portfolio of alternative asset investment platforms. It operates through three segments: Lifeco, IGM Financial and GBL. Lifeco is a financial service holding company with interests in life insurance, health insurance, retirement and investment management services, asset management and reinsurance businesses primarily in Canada, the United States and Europe. IGM Financial is a wealth and asset management company supporting financial advisors and the clients they serve in Canada, and institutional investors through North America, Europe, and Asia. GBL is a Belgian holding company, which is focused on long-term value creation with a diversified quality portfolio of listed and private investments.

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Power Corporation of Canada

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Post by seikovistaon May 02, 2021 2:35pm

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Power and IGM hold 61.7 per cent of WealthSimple’s equity and 85.3 per cent voting control. The value of those investments as of the end of 2020 stood at $934-million, or close to three times the amount invested and representing an internal rate of return of 44 per cent.https://www.theglobeandmail.com/business/article-wealthsimple-on-brink-of-largest-ever-canadian-private-tech-funding/?cmpid=rss&utm_source=dlvr.it&utm_medium=twitter

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