Richard Ceffalio Jr. is a financial advisor with more than 30 years of experience in wealth management and financial planning. As the founder of Providence Private Wealth, he established a firm dedicated to providing personalized financial strategies, which later merged with Midwest Wealth Management in 2023. Now managing $800 million in assets, he has consistently ranked among the industry's top 10% of financial advisors. His leadership and commitment to financial excellence have earned him numerous accolades, including the Outstanding Achievement in Leadership award from Dreams for Kids.
Born on June 19, 1972, into an Italian-American family in Chicago, Illinois, Rich Ceffalio was raised with strong values emphasizing discipline, integrity, and hard work. He attended Notre Dame High School in Niles, Illinois, where he actively participated in academics and extracurricular activities. His interest in finance led him to DePaul University, where he majored in Finance and minored in Economics. His education provided the foundation for his long and successful career in financial services.
After completing his studies, he entered the financial industry and quickly found his passion in helping individuals and families plan for their financial futures. His approach is centered on understanding each client’s unique financial goals and developing tailored strategies to help them achieve long-term stability. His dedication to transparency and trust has resulted in strong, lasting relationships with his clients.
In 2019, Richard founded Providence Private Wealth to offer customized financial services to meet each client's needs. The firm quickly gained recognition for its client-first approach, which led to its merger with Midwest Wealth Management in 2023. This strategic move allowed him to expand his influence while maintaining the personalized service that has defined his career. Now overseeing $800 million in assets, he remains dedicated to helping clients achieve financial security and long-term success.
His contributions extend beyond financial advising. Rich Ceffalio was honored with the Outstanding Achievement in Leadership Award from Dreams for Kids, recognizing his commitment to leadership and community involvement. His philanthropic work includes serving on the boards of the National Kidney Foundation and the Columbian Club of Chicago, where he has supported health initiatives and local community programs.
His professional expertise has also earned national recognition. In 2022, he was named in Forbes' Best in State list, highlighting his ranking among the country’s top financial advisors. Additionally, from 2020 to 2023, he received the Chairman’s Club honor, reflecting his consistent performance and industry leadership. His contributions to charitable organizations have also been highlighted in interviews with Catholic Charities, showcasing his dedication to philanthropy.
Beyond his professional achievements, he is actively involved in charitable work, supporting organizations such as Elevate Life Church, Toys for Tots, and the National Kidney Foundation. Richard's community service includes participating in food pantry initiatives, providing Thanksgiving meals for people experiencing homelessness, and contributing to disaster relief efforts for California fire victims. He has also supported Champions in Christ, a nonprofit that assists individuals with special needs.
Richard Allen Ceffalio, Jr resides in Illinois with his wife and three children. His oldest son has joined him in the financial sector, continuing the family’s legacy in wealth management. Outside work, he enjoys an active lifestyle, participating in marathons and Ironman competitions, weight training and CrossFit, and spending time outdoors boating and fishing. He also has a passion for playing pickleball and driving sports cars. His family frequently travels, with Long Beach being one of their favorite destinations. Through his dedication to financial advising, philanthropy, and personal growth, he continues to make a meaningful impact on both his clients and his community.
