AGF Trust Company has entered into a licence agreement with VERICO Financial Group Inc. to offer borrowers a co-branded mortgage program, the company announced Wednesday.

The agreement expands AGF Trust’s platform into the mortgage broker channel and provides VERICO brokers with more choice for their customers.

VERICO is a national network of more than 200 independently owned and operated mortgage brokerage offices that employ over 2,000 mortgage broker agents.

“We are pleased that this alliance will provide us with an opportunity to deliver our mortgage program to one of Canada’s largest and premiere independent broker networks,” said Mario Causarano, president and COO of AGF Trust, in a release.

“Having AGF Trust’s mortgage program on our platform will provide our brokers with some of the most competitively priced and innovative products in the mortgage arena, increasing our ability to help our clients with their mortgage needs,” said John Kelly, chief operating pfficer of VERICO.

The program is expected to launch in early 2011.

With approximately $4 billion in total assets, AGF Trust serves over 13,000 financial advisors, insurance agents and mortgage brokers. AGF products include first and second mortgages, RSP loans and term deposits. AGF Trust is a subsidiary of AGF Management Limited (TSX:AGF.B).

IE