Biography of Richard Ceffalio Jr.
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 played a key role in its development before leading its merger with Midwest Wealth Management in 2023. Now overseeing $800 million in assets, he has established himself among the top 10% of financial advisors nationwide. His dedication to his field has earned him several honors, including the Outstanding Achievement in Leadership award from Dreams for Kids
Born on June 19, 1972, in Chicago, Illinois, Rich Ceffalio was raised in a nurturing Italian-American family that valued hard work and community engagement. His educational journey began at Notre Dame High School in Niles, Illinois, where he actively participated in various extracurricular activities that shaped his leadership and interpersonal skills. After high school, Richard pursued his burgeoning interest in finance at DePaul University in Chicago. There, he earned a degree in Finance with a minor in Economics, setting a solid foundation for his career in financial services.
Career in Financial Services
After college, he quickly found his calling in helping individuals and families secure their financial futures This passion drove him to excel in providing personalized financial advice tailored to each client's needs. This practice has earned him a loyal client base and a reputation for reliability
In 2019, Richard took a significant step in his career by founding Providence Private Wealth, a firm dedicated to offering bespoke financial services His leadership saw the firm grow rapidly, leading to its merger with Midwest Wealth Management in 2023. He oversees an impressive $800 million in assets, maintaining his position in the top 10% of financial advisors nationally
Awards and Recognition
Rich Ceffalio's excellence in financial advising has garnered him multiple accolades He has been repeatedly recognized for his top-tier service, including being named in Forbes' Best in State list for financial advisors and receiving the Chairman’s Club honor for four consecutive years from 2020 to 2023 His leadership capabilities were notably acknowledged when he received the Outstanding Achievement in Leadership award from Dreams for Kids, a testament to his impact within and beyond the financial industry
Beyond his corporate achievements, Richard has served on the boards of several community and health-focused organizations, such as the National Kidney Foundation and the Columbian Club of Chicago. His contributions to these groups demonstrate his commitment to making a difference in the community, especially in promoting kidney health and supporting local initiatives
Philanthropy and Community Involvement
Richard believes strongly in the power of giving back to the community. He has been involved in numerous charitable endeavors, supporting organizations such as Elevate Life Church and Toys for Tots He also participates in annual events like Meals for the Homeless, providing food and support to those in need during the holidays. His philanthropic efforts extend to disaster relief, where he has contributed to aiding victims of the California fires and supported Champions in Christ. This organization helps individuals with special needs.