The Managers Association of Financial Advisors of Canada has formed a strategic alliance with its sister organization in the United States, GAMA International.

The two organizations have been involved in discussions for more than six months, and have reached an agreement in principle to form a strong working partnership. Rick Forchuk, president of MAFAC, along with Phil Richards, president-elect of GAMA International, led the joint task force that was charged with exploring the opportunity.

“Our new alliance brings MAFAC members a ‘cafeteria’ of services that will be rolled out over the months and years to come,” said Forchuk. “There will be new opportunities for the two organizations to share resources such as speakers at conferences, training and development materials, and new sources of education for leaders in distribution management.”

Richards stated, “We have always maintained a high regard for the work and accomplishments of our Canadian colleagues. Through this strategic partnership, we will be able to engage the resources of talented Canadian field leaders for the benefit of distribution management throughout the world. We expect to announce the details of this partnership after both boards have ratified the final document.”

MAFAC is a not-for-profit organization of financial services sector managers, with local chapters in major Canadian cities. Since its founding in 1974, it has been responsible for providing professional development, motivation, and a common forum for executives and managers in such organizations as life insurance, brokerage, mutual fund, and investment organizations