Powered by MOMENTUM MEDIA
the adviser logo

Mortgage Choice partners with financial education platform

by Malavika Santhebennur4 minute read

handshake ta handshake ta

Mortgage Choice has announced that it has become a founding partner of a new financial education platform for women, Tilly Money.

The major brokerage has joined hands with Switzer Financial Group to be one of the founding partners of the platform designed to increase financial knowledge and independence among women.

Tilly Money was established this year by Switzer Financial Group CEO Maureen Jordan in a bid to encourage learning and investing among women.

According to Mortgage Choice, the brokerage will be creating content for the Tilly Money platform, including articles and podcasts to educate its female audience.

Advertisement
Advertisement

Commenting on the partnership, the brokerage CEO, Susan Mitchell, observed that financial decision making and wealth creation have historically been associated with men. She added that despite this stereotype shifting in recent decades, more work is required.

“We believe that financial education and independence is crucial to female empowerment. We are thrilled to support a platform like Tilly Money, which helps women bolster their financial literacy to make important financial decisions, grow wealth and prosper independently.”

“The Tilly Money partnership allows us to arm more women with the vital knowledge required to take control of their finances and make informed decisions about property ownership and their financial future.”

Recent research conducted by Mortgage Choice earlier this year showed that women are feeling more confident to enter the property market on their own, with over 30 per cent of women having or likely to buy a property on their own, an increase from just over 25 per cent in 2019.

The research also revealed that the search for financial stability was driving women into the property market, with 44 per cent choosing to enter the housing market to stop the rent cycle, compared with 32 per cent of men.

“A solid foundation provided by education and access to expertise goes a long way to giving women the confidence to make such significant financial decisions like purchasing property,” Ms Mitchell said.

Earlier this year, the major brokerage rolled out its Aspire program, which encourages women to become involved in finance.

“There is a real parallel between what we are trying to achieve through our partnership with Tilly Money and what we are delivering through our Aspire program at Mortgage Choice,” Ms Mitchell said.

“Aspire aims to nurture the next generation of female business owners within our mortgage broking and advice networks. We see the partnership with Tilly Money as another avenue to support Australian women.”

The focus on financial literacy by the broking industry has been evident through programs initiated by others in the recent past, with Entourage Finance broker Mikaela Patterson recently launching a financial wellness program that targets businesses across all levels, from executives to employees.

[Related: Winners revealed for 2020 Women in Finance Awards]

Mortgage Choice partners with financial education platform
handshake ta
TheAdviser logo
handshake ta

Malavika Santhebennur

Malavika Santhebennur

AUTHOR

Malavika Santhebennur is the features editor on the mortgages titles at Momentum Media.

MORE FROM THE ADVISER

Mark hewitt

AFG GM to join MFAA board

Mark Hewitt, general manager, industry and partnership development at Australian Finance Group (AFG) will commence as...

READ MORE
Possibl co founders

Early commission payment loans open to full broker market

Following its launch of an early commission payment product to brokers using the effi platform, cash-flow solutions...

READ MORE
David Keeling

Grow expands structured finance, appoints senior partner

According to Grow Finance (Grow), David Keeling’s appointment, which commenced on 11 April, is part of a broader...

READ MORE
magazine
Read the latest issue of The Adviser magazine!
The Adviser is the number one magazine for Australia's finance and mortgage brokers. The publications delivers news, analysis, business intelligence, sales and marketing strategies, research and key target reports to an audience of professional mortgage and finance brokers
Read more