Great-West Lifeco Inc (OTCPK:GWLOF.PFD)
$ 19.5 0 (0%) Market Cap: - Enterprise Value: 6.98 Bil PE Ratio: 12.85 PB Ratio: 1.62 GF Score: 56/100

Great-West Lifeco Inc Subsidiary Empower Retirement Announces Agreement to Acquire Personal Capital - M&A Call Transcript

Jun 29, 2020 / 01:00PM GMT
Release Date Price: $18.49
Operator

Thank you for standing by. This is the conference operator. Welcome to the Great-West Lifeco Conference Call. (Operator Instructions)

I would now like to turn the conference over to Mr. Paul Mahon, President and Chief Executive Officer of Great-West Lifeco. Please go ahead.

Paul Anthony Mahon
Great-West Lifeco Inc. - President, CEO & Director

Thank you, Ariel. Good morning, everyone. Today, I'm very excited to announce that Great-West Lifeco's subsidiary Empower Retirement has entered into an agreement to acquire Personal Capital, a rapidly growing hybrid wealth manager that combines the leading edge digital experience with personalized advice. Joining me on the call to discuss this important news is Ed Murphy, President and CEO of Empower Retirement; and Garry MacNicholas, Executive Vice President and Chief Financial Officer of Great-West Lifeco.

Please turn to Slide 2. Before we start, I'll draw your attention to our cautionary notes regarding forward-looking information and non-IFRS financial measures. These cautionary notes will

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