Company Information

Get to know power financial corporation

Founded in 1984, Power Financial Corporation operated as a strategic management and holding company with significant interests in the financial services sector, primarily in North America and Europe. It was a subsidiary of Power Corporation of Canada and held controlling interests in major firms like Great-West Lifeco (which includes Canada Life), IGM Financial (which includes IG Wealth Management and Mackenzie Investments), and Pargesa Holding SA. In February 2020, a corporate reorganization was completed, resulting in Power Financial Corporation's public shareholders exchanging their shares for shares of Power Corporation of Canada. Consequently, the company was delisted from the Toronto Stock Exchange (TSX) and its operations and identity were consolidated under its parent.

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power financial corporation

Canada

Founded in

1984 (42 Years)

Founded

Last online: No recent activity

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Markets.com

(326 reviews)

United States

2008

(18 years)

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License

A Grade License

Issued by globally renowned regulators, these licenses ensure the highest trader protection through strict compliance, fund segregation, insurance, and regular audits. Dispute resolution and adherence to AML/CTF standards further enhance security.

B Grade License

Granted by respected regional regulators, these licenses offer robust safety measures such as fund segregation, financial reporting, and compensation schemes. Though slightly less strict than Tier 1, they provide dependable regional protection.

C Grade License

Issued by regulators in emerging markets, these licenses offer basic protections such as minimum capital requirements and AML policies. Oversight is less stringent, so traders should exercise caution and verify safety measures.

D Grade License

From jurisdictions with minimal oversight, these licenses often lack key protections like fund segregation and insurance. While attractive for operational flexibility, they pose higher risks to traders.

TrustFinance is not a licensed financial advisor and is not affiliated with any financial institutions in your region. We encourage you to do your own research before making any investment decisions.