Richard Ceffalio Jr.
Managing Director
Richard Ceffalio is a celebrated financial advisor with an impressive three-decade career focusing on wealth management and financial planning. As the innovative founder of Providence Private Wealth, which he later merged with Midwest Wealth Management in 2023, he now oversees $800 million in assets. His expertise has consistently placed him in the top 10% of financial advisors nationwide, earning him accolades such as the Outstanding Achievement in Leadership award from Dreams for Kids.
Early Life and Education
Richard was born in Chicago, Illinois, on June 19, 1972, into an Italian-American family. He attended Notre Dame High School in Niles, actively participating in extracurricular activities and showing early leadership promise. He pursued higher education at DePaul University, majoring in Finance and minoring in Economics, laying a strong academic foundation for his future career.
Career in Financial Services
Upon graduating from DePaul University, Rich Ceffalio entered the financial services industry. He quickly realized his calling was to help people manage their finances and plan for the future. Over the years, he developed a reputation for providing personalized financial advice, focusing on his clients' unique needs and long-term goals.
2019 Richard founded Providence Private Wealth to offer more tailored financial services. The 2023 merger with Midwest Wealth Management was a strategic move that expanded his reach and influence in the industry. He currently manages $800 million in assets, a testament to his skill and dedication to his clients.
Awards and Recognition
Richard's achievements extend beyond his financial acumen. He has been recognized for leadership and community involvement, notably receiving the Outstanding Achievement in Leadership award from Dreams for Kids. He also serves on the National Kidney Foundation and the Columbian Club of Chicago boards, contributing his expertise to significant health and community initiatives.
His recognition as a top financial advisor is further evidenced by his inclusion in Forbes' Best in State list in 2022 and his receipt of the Chairman’s Club honor for four consecutive years, from 2020 to 2023. These accolades reflect his exceptional performance and commitment to excellence in the financial advisory field.
Philanthropy and Community Involvement
A firm believer in giving back, Rich Ceffalio is heavily involved in philanthropy and community service. He supports various charitable organizations, including Elevate Life Church and Toys for Tots, and actively participates in the National Kidney Foundation's initiatives. He is particularly committed to Meals for the Homeless, a program he supports each Thanksgiving to help those in need.
In 2023, Richard participated in a food pantry initiative to alleviate hunger for economically distressed families. His charitable efforts include support for disaster relief following the California fires and contributions to Champions in Christ, a nonprofit focused on helping individuals with special needs.
Family Life and Personal Interests
He lives in Illinois with his wife and their three children. His family is deeply important to him, and his eldest son has joined him in the financial services industry, working at New Edge, their family business. Outside of his professional activities, Richard is passionate about sports and fitness. He completed three marathons in 2024 and regularly participates in weight training and CrossFit.
He also enjoys boating, fishing, and playing pickleball, which allows him to relax and stay active. Additionally, he is an enthusiast of sports cars and enjoys participating in pickleball matches. Travel is essential to his life, with Long Beach being a favorite family vacation destination.
Richard Ceffalio's, career is marked by a steadfast commitment to his clients, family, and community. His expertise in financial planning and wealth management and his dedication to philanthropy and personal growth make him a respected and influential figure in the financial advisory landscape.
Forbes Profile of Richard Ceffalio : https://www.forbes.com/profile/rich-ceffalio/
Early Life and Education
Richard was born in Chicago, Illinois, on June 19, 1972, into an Italian-American family. He attended Notre Dame High School in Niles, actively participating in extracurricular activities and showing early leadership promise. He pursued higher education at DePaul University, majoring in Finance and minoring in Economics, laying a strong academic foundation for his future career.
Career in Financial Services
Upon graduating from DePaul University, Rich Ceffalio entered the financial services industry. He quickly realized his calling was to help people manage their finances and plan for the future. Over the years, he developed a reputation for providing personalized financial advice, focusing on his clients' unique needs and long-term goals.
2019 Richard founded Providence Private Wealth to offer more tailored financial services. The 2023 merger with Midwest Wealth Management was a strategic move that expanded his reach and influence in the industry. He currently manages $800 million in assets, a testament to his skill and dedication to his clients.
Awards and Recognition
Richard's achievements extend beyond his financial acumen. He has been recognized for leadership and community involvement, notably receiving the Outstanding Achievement in Leadership award from Dreams for Kids. He also serves on the National Kidney Foundation and the Columbian Club of Chicago boards, contributing his expertise to significant health and community initiatives.
His recognition as a top financial advisor is further evidenced by his inclusion in Forbes' Best in State list in 2022 and his receipt of the Chairman’s Club honor for four consecutive years, from 2020 to 2023. These accolades reflect his exceptional performance and commitment to excellence in the financial advisory field.
Philanthropy and Community Involvement
A firm believer in giving back, Rich Ceffalio is heavily involved in philanthropy and community service. He supports various charitable organizations, including Elevate Life Church and Toys for Tots, and actively participates in the National Kidney Foundation's initiatives. He is particularly committed to Meals for the Homeless, a program he supports each Thanksgiving to help those in need.
In 2023, Richard participated in a food pantry initiative to alleviate hunger for economically distressed families. His charitable efforts include support for disaster relief following the California fires and contributions to Champions in Christ, a nonprofit focused on helping individuals with special needs.
Family Life and Personal Interests
He lives in Illinois with his wife and their three children. His family is deeply important to him, and his eldest son has joined him in the financial services industry, working at New Edge, their family business. Outside of his professional activities, Richard is passionate about sports and fitness. He completed three marathons in 2024 and regularly participates in weight training and CrossFit.
He also enjoys boating, fishing, and playing pickleball, which allows him to relax and stay active. Additionally, he is an enthusiast of sports cars and enjoys participating in pickleball matches. Travel is essential to his life, with Long Beach being a favorite family vacation destination.
Richard Ceffalio's, career is marked by a steadfast commitment to his clients, family, and community. His expertise in financial planning and wealth management and his dedication to philanthropy and personal growth make him a respected and influential figure in the financial advisory landscape.
Forbes Profile of Richard Ceffalio : https://www.forbes.com/profile/rich-ceffalio/
