Richard Ceffalio Jr.
Managing Director
Richard Ceffalio is a prominent financial advisor with over 30 years of experience specializing in wealth management and financial planning. As the founder of Providence Private Wealth, which later merged with Midwest Wealth Management in 2023, he oversees $800 million in assets. His dedication and skill have consistently positioned him within the top 10% of financial advisors nationally, and his peers and the community have recognized him through awards such as the Outstanding Achievement in Leadership award from Dreams for Kids.
Early Life and Education
Richard was born on June 19, 1972, in Chicago, Illinois, and grew up in an Italian-American household. He attended Notre Dame High School in Niles, where he was engaged in numerous school activities, showing early signs of leadership and community involvement. He pursued higher education at DePaul University, choosing to major in Finance and minor in Economics, a decision that laid the groundwork for his illustrious career in financial services.
Career in Financial Services
Rich Ceffalio embarked on his career in financial services immediately after graduating from DePaul University. He became passionate about helping individuals and families optimize financial strategies and secure economic futures. His approach has always emphasized understanding each client's unique circumstances and crafting personalized financial plans that align with their long-term goals.
2019 Richard founded Providence Private Wealth to provide more personalized and client-focused financial services. His strategic foresight came to fruition in 2023 when Providence Private Wealth merged with Midwest Wealth Management, enhancing his capacity to serve a broader clientele and manage substantial assets. Today, his leadership in managing $800 million assets underscores his expertise and commitment to his clients.
Awards and Recognition
Richard's exceptional career is highlighted by numerous accolades that acknowledge his professional acumen and leadership qualities. He received the Outstanding Achievement in Leadership award from Dreams for Kids, celebrating his impact beyond financial advising into broader community service. He has also contributed his expertise to the boards of the National Kidney Foundation and the Columbian Club of Chicago, further demonstrating his commitment to societal and community issues.
His professional excellence has been recognized nationally, including being listed in Forbes' Best in State for financial advisors in 2022 and receiving the prestigious Chairman’s Club honor for four consecutive years from 2020 to 2023. These accolades reflect his status as a top-tier financial advisor.
Philanthropy and Community Involvement
Rich Ceffalio is a committed philanthropist who actively participates in community service and supports various charitable organizations. He is involved with Elevate Life Church and Toys for Tots and supports the National Kidney Foundation's initiatives. His philanthropic spirit is evident during Thanksgiving, when he contributes significantly to Meals for the Homeless.
In 2023, he played a pivotal role in a food pantry initiative aimed at helping families facing economic hardships. His dedication to philanthropy also extends to supporting disaster relief efforts, including those for the California fires, and he contributes to Champions in Christ, aiding individuals with special needs.
Family Life and Personal Interests
Richard lives in Illinois with his wife and their three children. His family is central to his life, with his eldest son working alongside him at New Edge, their financial services firm. Outside of his professional responsibilities, he is passionate about sports and personal fitness. He completed three marathons in 2024 and avidly participates in weight training and CrossFit.
His interests also include boating, fishing, and playing pickleball, providing him with relaxation and a way to stay active. Additionally, he enjoys sports cars and frequently participates in friendly pickleball matches. Travel is a significant part of his life, with Long Beach being one of his family's favorite destinations.
Richard Ceffalio's, enduring commitment to his profession, family, and community defines his life and work. His strategic approach to financial planning and wealth management and his dedication to giving back and personal growth make him a respected and influential figure in the financial advisory field.
Forbes Profile of Richard Ceffalio: https://www.forbes.com/profile/rich-ceffalio/
Visit NewEdge Advisors' Great Lakes Partners Online: https://greatlakes.newedgeadvisors.com/