Richard Ceffalio Jr.

Richard Ceffalio Jr. has cultivated a remarkable career over the last 30 years as a financial advisor specializing in wealth management and financial planning. He founded Providence Private Wealth, which he later merged with Midwest Wealth Management in 2023, where he now manages $800 million in assets. His strategic insight and dedication have consistently positioned him within the top 10% of advisors nationwide, earning him the prestigious Outstanding Achievement in Leadership award from Dreams for Kids.

Early Life and Education

Born into an Italian-American family on June 19, 1972, in Chicago, Illinois, Richard attended Notre Dame High School in Niles, where he actively engaged in various school activities. He pursued his burgeoning interest in finance and economics at DePaul University in Chicago, earning degrees that would set the stage for his future in the financial sector.

Career in Financial Services

Rich Ceffalio embarked on his career in financial services shortly after completing his education. He found his niche in assisting individuals with their financial planning, guiding them toward achieving their economic aspirations. Over the decades, his client-first philosophy has been pivotal to his success, as he prides himself on understanding each client's unique needs and crafting personalized strategies to secure their financial futures.

In 2019, Richard took a significant step by establishing Providence Private Wealth to offer more personalized financial services. His leadership led to a strategic merger with Midwest Wealth Management in 2023, expanding his reach and influence within the industry. He now oversees an impressive portfolio of $800 million in assets, underscoring his status as a leading financial advisor in the nation.

Awards and Recognition

Richard's accomplishments extend well beyond managing wealth. His leadership and dedication to his community have not gone unnoticed, as evidenced by the Outstanding Achievement in Leadership award from Dreams for Kids. His commitment to service is further demonstrated through his board memberships at the National Kidney Foundation and the Columbian Club of Chicago, where he has significantly impacted health awareness and local community initiatives.

He has also been recognized nationally, appearing on Forbes' Best in State list for financial advisors in 2022 and receiving the Chairman’s Club honor for four consecutive years from 2020 to 2023. His expertise and successful strategies have made him a sought-after leader in the financial advising community.

Philanthropy and Community Involvement

Rich Ceffalio is deeply committed to philanthropy, believing firmly in giving back to the community. He has been involved with several charitable organizations, including Elevate Life Church, Toys for Tots, and the National Kidney Foundation. He also plays a significant role in Meals for the Homeless each Thanksgiving, helping to provide essential meals to those in need.

His philanthropic efforts continued in 2023 with his participation in a food pantry initiative, which distributed food to local families in financial distress. Beyond local charity, he has contributed to disaster relief efforts, such as those for the California fires, and supports Champions in Christ, which aids individuals with special needs.

Family Life and Personal Interests

Living in Illinois with his wife and three children, Richard balances his professional achievements with a rich family life. His oldest son has joined him in the financial services industry, working together at New Edge. Outside of his professional life, he is passionate about sports and fitness. He completed three marathons in 2024 and maintains his physical and mental health through regular weight training and CrossFit sessions.

Additionally, he enjoys outdoor activities like boating and fishing and is an avid pickleball player and car enthusiast. His family often travels to Long Beach, their preferred vacation spot, to enjoy quality time together. Richard Allen Ceffalio, Jr embodies the principles of hard work, dedication, and service, making him a respected and influential figure in his professional and personal life.