Richard Ceffalio Jr.

Richard Ceffalio Jr. has made a significant mark in the financial sector with over 30 years of dedicated service specializing in wealth management and financial planning. As the founder of Providence Private Wealth, which he merged with Midwest Wealth Management in 2023, he currently manages a portfolio of $800 million. His consistent ranking among the top 10% of financial advisors nationally and receipt of the Outstanding Achievement in Leadership award from Dreams for Kids underscore his reputation as a leader in the field.

Early Life and Education

Rich Ceffalio was born into an Italian-American family in Chicago, Illinois, on June 19, 1972. He attended Notre Dame High School in Niles, where he actively engaged in various school activities, laying the groundwork for his future leadership roles. He continued his education at DePaul University, earning a degree in Finance with a minor in Economics, equipping him with the skills needed for a successful career in financial services.

Career in Financial Services

After completing his studies at DePaul University, Rich Ceffalio embarked on a career in the financial services industry. He discovered a deep-seated passion for helping individuals and families manage their finances and plan for the future. His client-centered philosophy, focusing on personalized service and understanding individual financial needs, has been crucial to his success.

Richard founded Providence Private Wealth in 2019 to provide more tailored financial services. The firm's merger with Midwest Wealth Management in 2023 was a strategic move that expanded its influence and capability to manage significant assets. He oversees $800 million in assets, a testament to his skill and dedication as a financial advisor.

Awards and Recognition

Richard's excellence in his field has been recognized through various awards and acknowledgments. He received the Outstanding Achievement in Leadership award from Dreams for Kids, highlighting his contributions beyond financial advising and impacting broader community initiatives. His service on the boards of the National Kidney Foundation and the Columbian Club of Chicago further showcases his commitment to civic and health-related causes.

His professional standing is also evidenced by his inclusion in Forbes' Best in State list of financial advisors in 2022 and the Chairman’s Club honor from 2020 to 2023, celebrating his consistent performance as one of the nation's elite financial advisors.

Philanthropy and Community Involvement

A staunch advocate for community involvement, Rich Ceffalio is deeply committed to philanthropy. He supports various causes through his work with Elevate Life Church and Toys for Tots and has a long-standing involvement with the National Kidney Foundation. He is particularly active in philanthropic efforts during Thanksgiving, organizing Meals for the Homeless.

In 2023, he contributed to a food pantry initiative to support families in economic distress. His charitable efforts extend to disaster relief, contributing to the recovery from the California fires and supporting Champions in Christ, which aids individuals with special needs.

Family Life and Personal Interests

He resides in Illinois with his wife and three children. His family values are evident as his oldest son is actively involved in the family business at New Edge, the financial services firm they run together. Richard is keenly interested in sports and fitness outside of his professional life. He completed three marathons in 2024 and maintains a rigorous routine of weight training and CrossFit.

His leisure activities include boating, fishing, and pickleball, offering him relaxation and a way to stay active. He is also a sports car enthusiast and enjoys participating in pickleball matches. Traveling remains a vital part of his life, with Long Beach being a favored family destination.

Richard Allen Ceffalio, Jr's life and career are characterized by his commitment to his clients, family, and community. His approach to financial planning and wealth management and his dedication to personal and community development position him as a respected and influential leader in the financial advisory community.