Power Financial Corp (PWF.TO) is seeking "tactical" acquisitions to build up its U.S. retirement planning and asset management businesses, and will also be on the lookout for assets to shake loose from hard-hit European financials, its chief executive said on Wednesday. Speaking in Montreal, Jeffrey Orr said he expects the asset management business to continue to thrive even as millions of American head into retirement in the next several years. "When you look at people when they go into retirement, they actually continue to grow their assets well into their retirement," he said at the CIBC 10th Annual Eastern Institutional Investor Conference. "So we're going to continue to focus on asset management, retirement, and we think the U.S. is a market that will be the biggest market in the world 20 years from now."
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