Top Holding Great-West Powers Earnings Growth at Power Financial; Higher Overhead Prunes FVE
No-moat Power Financial closed the books on a mixed 2018, with strong top-line growth at Great-West offset by lower growth at IGM Financial and Pargesa and higher corporate expenses. Overall, annual adjusted net earnings were up 6.9% to CAD 2.28 billion from CAD 2.14 billion in 2017. On a quarterly basis, net earnings were down nearly 16%. Though this decline is significant and would ordinarily be cause for concern, the drop is mainly from impairment charges related to accounting changes at Parg...Power Financial is an international management and holding company that holds interests, directly or indirectly, in companies across the financial services, communications and other business sectors. Co. has three reportable operating segments: Great-West Lifeco Inc., which offers a range of life insurance, retirement, investment products, reinsurance and specialty general insurance products; IGM Financial Inc., which offers financial planning services, investment products, investment advisory and management services; and Parjointco N.V., which include specialty minerals, water, waste services, energy, wines and spirits. As of Dec 31 2010, Co. had total assets of C$143,255,000.
Morningstar, Inc. is a leading provider of independent investment research in North America, Europe, Australia, and Asia. The company offer an extensive line of products and services for individual investors, financial advisors, asset managers, and retirement plan providers and sponsors.
Morningstar provides data on approximately 530,000 investment offerings, including stocks, mutual funds, and similar vehicles, along with real-time global market data on more than 18 million equities, indexes, futures, options, commodities, and precious metals, in addition to foreign exchange and Treasury markets. Morningstar also offers investment management services through its investment advisory subsidiaries and had approximately $185 billion in assets under advisement and management as of June 30, 2016.
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