RBC Wealth Management Adds Pittsburgh Advisor Team

The firm recruits the Nepa/Susco team as part of its ongoing expansion across the United States.

Updated on Oct. 22, 2026 in Financial Planning

RBC Wealth Management Adds Pittsburgh Advisor Team

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RBC Wealth Management has hired the Pittsburgh-based Nepa/Susco team, which previously oversaw more than $1 billion in client assets at UBS. The move strengthens the firm's presence in Pennsylvania as part of a national strategy to increase its advisor headcount.

Why it matters

The acquisition aligns with RBC Wealth Management's aggressive growth objective to add 600 new advisors to its U.S. operations by 2029. This hiring effort aims to bolster the firm's service capacity across its existing network of 195 offices.

RBC Wealth Management currently employs approximately 2,200 advisors operating out of 195 offices across 43 states. The firm is actively scaling its workforce with a goal to recruit 600 additional advisors by 2029.

The players

Raymond Nepa

He is a managing director who served at UBS since 1995 before joining RBC Wealth Management.

Jennifer Susco

She is a managing director who has worked in the wealth management industry since 2007.

RBC Wealth Management

This global financial services firm operates 195 offices across 43 U.S. states and focuses on expanding its advisor network.

The details

Led by managing directors Raymond Nepa and Jennifer Susco, the team also includes Julia Munchel, Karen Venneri, and Max Freed. This transition represents the latest in a series of talent acquisitions for the firm, following recent additions of teams managing $1.5 billion and $1.6 billion in assets in other markets.

Raymond Nepa began his tenure at UBS in 1995.
Jennifer Susco started her employment at UBS in 2007.
RBC hired a Florida-based UBS team in July 2026.
The Nepa/Susco team officially joined the Pittsburgh branch in October 2026.
RBC aims to complete its expansion goal of 600 new advisors by 2029.

Market Dynamics

The firm is scaling operations in alignment with its 2029 advisor growth goal, which provides a concrete benchmark for its talent acquisition strategy. This acquisition reflects a broader trend of aggressive recruiting among major financial institutions competing for veteran wealth management teams.

Clients managed by the transitioned team can expect continuity of service through the new firm's platform and resources. This move may impact how local high-net-worth investors compare service offerings as competing firms adjust their advisor headcounts.

The takeaway

The movement of veteran advisors between firms remains a primary mechanism for large financial institutions to capture new client assets. Investors should evaluate how changes in firm affiliation affect their personal account support and available investment resources.