Vital Business Partners takes minority stake in Ensombl

Yasmine Raso

Senior Journalist, Financial Newswire

11 September 2024

The Philippines-based outsourcing and solutions provider, Vital Business Partners (VBP) has announced it has secured a minority equity stake in Australian content and digital platform, Ensombl.

VBP was one of several other investors to put forward funds to support Ensombl’s near-future growth plans, including the establishment of a continuing professional development (CPD) platform.

The platform, to be made available through an application, will streamline the process of receiving CPD points from live events or virtual meetings and allow users to track their participation in online education, training programs and events.

“There is a lot of alignment between VBP and Ensombl, as we are both committed to playing an integral role in the positive evolution of the financial advice profession,” Nathan Jacobsen, VBP Chief Executive Officer, said.

“We want to see advice businesses grow and become more efficient so they can help more people. VBP’s outsourcing and business growth solutions are helping advisers expand their capability and capacity, and Ensombl is doing their part to support advisers to grow personally and professionally, and drive practice efficiencies.”

Ensombl has over 9,000 users across its range of content channels and events including a networking app, financial planning podcast and its All Licensee PD Day event.

“The evolving licensee landscape sees advisers more in control of their profession, and more empowered to shape the design and delivery of a truly client centric advice proposition,” Ensombl CEO and Co-Founder, Clayton Daniel, said.

“In Ensombl they have a community of professional peers they can turn to for the knowledge and insights, regardless of their stage in the journey.”

“We are excited to work more closely with VBP to further develop our professional development offering and drive the positive evolution of financial advice.”