Call it a sign of the times. After more than two years of operating under pandemic conditions that have taught businesses how to maintain and manage a remote workforce, Envestnet is moving its headquarters from Chicago to the Philadelphia area and is offering workers “maximum flexibility.”
“Envestnet has made the decision to relocate our headquarters to Berwyn, PA," an Envestnet spokesperson said in a statement. "We currently provide maximum flexibility to our workforce with a hybrid approach that offers both remote work and hub office locations. We believe this is the best approach for our employees and offers opportunities for in-person collaboration and innovation. As a cloud-first SaaS company, we have the technology and solutions in place to support our teams and clients in the field and on-the-go.”
The headquarters relocation, which was originally reported by Citywire RIA, is being described by the company as Envestnet Chief Executive Bill Crager’s vision “coming to life through modernizing our workforce by employing a hub and remote model, where existing offices can be a foundation of collaboration and community for our team members.”
The company spokesperson added, “We have a continuous feedback loop to hear from our employees about what is important to them in the workplace. We’ve heard they value a remote work environment and appreciate the flexibility that this hub and remote model provides.”
Envestnet has nearly 2,000 U.S. employees and six offices, with field employees spread across the country.
The "Crypto Mom" departure would leave the SEC commission with just two members and no Democratic commissioners on the panel.
IFP Securities’ owner, Bill Hamm, has a long-term plan for the firm and its 279 financial advisors.
Meanwhile, a Osaic and Envestnet ink a new adaptive wealthtech partnership to better support the firm's 10,000-plus advisors, and RIA-focused VastAdvisor unveils native integrations with leading CRMs.
A former Alabama investment advisor and ex-Kestra rep has been permanently barred and penalized after clients he promised to protect got caught in a $2.6 million fraud.
As more active strategies get packaged into the ETF wrapper, advisors and investors have to look beyond expense ratios as the benchmark for value.
Wellington explores how multi strategy hedge funds may enhance diversification
As technical expertise becomes increasingly commoditized, advisors who can integrate strategy, relationships, and specialized expertise into a cohesive client experience will define the next era of wealth management
