About

About Richard Ceffalio Jr.

Richard Ceffalio Jr. is a financial advisor with over 30 years of experience, specializing in wealth management and financial planning. As the founder of Providence Private Wealth, which merged with Midwest Wealth Management in 2023, Richard manages $800 million in assets and consistently ranks among the top 10% of advisors. He has earned recognition for his leadership, including the Outstanding Achievement in Leadership award from Dreams for Kids.

Early Life and Education

Rich Ceffalio Jr. was born to an Italian-American family in Chicago, Illinois, on June 19, 1972. He attended Notre Dame High School in Niles, Illinois, where he was an active student and participated in extracurricular activities. After graduating high school, Richard pursued his passion for business and finance by attending DePaul University in Chicago. At DePaul, he majored in Finance and minored in Economics, which set the stage for his future career in the financial services industry.

Career in Financial Services

Richard’s career in the financial services industry spans over 30 years. After completing his education, he entered the world of finance and soon realized that helping individuals plan for their financial futures was his true calling. Over the years, he has worked with many clients, helping them achieve their financial goals and manage their wealth.

Richard’s client-first approach has been one of the key factors behind his success. He takes pride in learning about each client’s needs, offering personalized advice, and guiding them in planning for their short- and long-term futures. He has built strong, lasting relationships based on trust and transparency, which has led to many of his clients returning for his services over the years.

Since 2012, Rich has consistently ranked in the top 10 percent of all financial advisors. In 2019, he made a bold move by starting Providence Private Wealth, a firm focused on offering personalized financial services. In 2023, Providence Private Wealth merged with Midwest Wealth Management, further expanding Richard’s influence in the industry. As of now, Richard manages an impressive $800 million in assets, solidifying his status as one of the top financial advisors in the country.

Awards and Recognition

Rich’s professional accomplishments extend beyond the financial services industry. In addition to his impressive track record as a financial advisor, he has been recognized for his leadership and contributions to the community. One of the most notable awards in his career is the Outstanding Achievement in Leadership Award he received from Dreams for Kids, a nonprofit organization based in Chicago. Although the award was not widely publicized, it was documented in a book.

Rich’s leadership efforts extend beyond financial advising. He served on the boards of two influential organizations: the National Kidney Foundation and the Columbian Club of Chicago. His work with these organizations allowed him to contribute to causes close to his heart, including kidney health awareness and supporting the local Chicago community.

Rich has also been acknowledged as a top advisor by several prestigious organizations. In 2022, he was named in Forbes’ Best in State list, which ranks the top financial advisors nationwide. In addition, he was awarded the Chairman’s Club honor for four consecutive years from 2020 to 2023, appreciating him as one of the highest-performing financial advisors in the country. Catholic Charities have also interviewed him.

Philanthropy and Community Involvement

Rich believes in giving back to the community and has been actively involved in several charitable endeavors. He has volunteered his time and resources to various organizations, including Elevate Life Church, Toys for Tots, and the National Kidney Foundation. Rich has also contributed to Meals for the Homeless during Thanksgiving, helping to provide food and comfort to those in need.

In 2023, he participated in a food pantry initiative, helping to distribute food to local families facing financial difficulties. Rich’s philanthropic efforts extend beyond local charities, as he has also donated to victims of the fires in California and contributed to Champions in Christ, a nonprofit that supports individuals with special needs.

Family Life and Personal Interests

Richard Ceffalio Jr. is not just known for his professional achievements and strong family values. He lives in Illinois with his wife, Nicole Ceffalio, and their three children. Rich’s oldest son works alongside him at New Edge, his financial services firm.

When he is not working or spending time with his family, Rich enjoys a variety of personal interests. He is a sports enthusiast and has participated in several extreme sports challenges, including marathons and Ironman competitions. In 2024, Rich completed three marathons. His love for fitness is also evident in his regular weight training and CrossFit, which help keep him strong physically and mentally.

In addition to sports, Rich enjoys outdoor activities like boating and fishing, providing him with peace and relaxation. He is also a fan of pickleball and sports cars, often engaging in friendly matches and long drives when he has time to unwind. Rich and his family love to travel and regularly visit Long Beach, one of their favorite vacation destinations.