PITTSBURGH (September 19, 2019) – RBC Wealth Management, one of the nation’s largest full-service wealth management firms, recently welcomed two new teams to its Pittsburgh (Sewickley) and Pittsburgh–Three Rivers offices, according to Ken Ross, director of the firm’s Pittsburgh complex.
The Schmitt Evancho Wealth Management Group is composed of Jeffrey Schmitt, Senior Vice President – Financial Advisor, who has 30 years of industry experience; William Evancho, Senior Vice President – Financial Advisor, who has 21 years of experience; and Amanda Colledge, Senior Registered Client Associate. The team manages approximately $197 million in assets and joins RBC Wealth Management from UBS. They will be based out of RBC’s Pittsburgh (Sewickley) office.
“RBC Wealth Management has a long-standing reputation for putting the needs of clients first,” Schmitt said. “When considering moving to RBC, William and I were incredibly impressed by the firm’s unique culture, resources, and passion, making it a great place to continue to grow our business.”
Also joining from UBS is the Costa Kingston Wealth Management Group, which is composed of Richard Costa, Vice President – Financial Advisor, who has 19 years of industry experience, and Aaron Kingston, Vice President – Financial Advisor, who has 18 years of experience. The team manages approximately $117 million in assets and will be based out of the Pittsburgh–Three Rivers branch.
“We made the decision to join RBC Wealth Management because of its sophisticated planning tools, broad investment platform and the ability to create truly customized solutions for clients,” Costa said. “We believe we will be able to continue to work in our clients’ best interests at RBC because it is uniquely positioned as a global leader, yet with a smaller, boutique culture.”
“We are thrilled that the Schmitt Evancho Wealth Management Group and the Costa Kingston Wealth Management Group chose to move their businesses to RBC,” Ross said. “They are all thoughtful, well-respected industry professionals in the Pittsburgh area who bring a wealth of experience and industry knowledge to the firm.”
In the United States, RBC Wealth Management operates as a division of RBC Capital Markets, LLC. Founded in 1909, RBC Capital Markets, LLC is a member of the New York Stock Exchange, the Financial Industry Regulatory Authority, the Securities Investor Protection Corporation, and other major securities exchanges. RBC Wealth Management has $384 billion in total client assets with more than 1,900 financial advisors operating in 170 locations in 42 states.
Nicole Garrison, RBC Wealth Management, 612-371-2999, or Nicole.garrison@rbc.com
Investment and insurance products offered through RBC Wealth Management are not insured by the FDIC or any other federal government agency, are not deposits or other obligations of, or guaranteed by, a bank or any bank affiliate, and are subject to investment risks, including possible loss of the principal amount invested.