Richard Ceffalio Jr.
Richard Ceffalio Jr. is a financial advisor with over 30 years of experience in wealth management and financial planning. As the founder of Providence Private Wealth, he established a firm dedicated to personalized financial solutions, which later merged with Midwest Wealth Management in 2023. Now managing $800 million in assets, he is recognized among the industry's top 10% of financial advisors. His leadership and expertise have been acknowledged with multiple 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, he was raised with strong values emphasizing hard work, integrity, and perseverance. Rich Ceffalio attended Notre Dame High School in Niles, Illinois, where he actively participated in academics and extracurricular activities. His passion for finance led him to DePaul University, where he majored in Finance and minored in Economics. This academic background provided the foundation for his long and successful career in financial services.
After completing his education, he entered the financial industry and quickly discovered his passion for helping individuals and families secure their financial futures. His approach is centered on understanding each client’s unique financial goals and developing customized strategies to support their long-term stability. Richard's dedication to transparency and trust has resulted in strong, lasting relationships with his clients.
In 2019, he founded Providence Private Wealth to offer specialized financial services tailored to the unique needs of his clients. The firm gained a strong reputation for its client-first approach, leading to a strategic merger with Midwest Wealth Management in 2023. This expansion allowed him to extend his reach while committing to personalized financial guidance. Now overseeing $800 million in assets, he remains dedicated to confidently helping clients navigate their financial futures.
His contributions extend beyond financial advising. He was honored with the Outstanding Achievement in Leadership Award from Dreams for Kids, recognizing his leadership and dedication to 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.
Richard's professional expertise has also earned national recognition. In 2022, he was named in Forbes' Best in State list, highlighting his position among the country’s top financial advisors. Additionally, from 2020 to 2023, he received the Chairman’s Club honor, reflecting his consistent performance and leadership in the financial industry. His contributions to charitable organizations have also been recognized in interviews with Catholic Charities, further emphasizing his dedication to giving back to the community.
Outside his professional responsibilities, he supports various charitable organizations, including Elevate Life Church, Toys for Tots, and the National Kidney Foundation. His community involvement includes food pantry initiatives, Thanksgiving meal programs for people experiencing homelessness, and disaster relief efforts for California fire victims. He has also contributed to 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 his clients and his community.
