Envestnet embraces remote work in move from Chicago

The 23-year-old management software company is moving its headquarters to Berwyn, Pennsylvania, while offering employees 'maximum flexibility.'

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.