Model Portfolio Studio

Richard Ceffalio is a distinguished financial advisor with a career spanning over three decades in wealth management and financial planning. As the founder of Providence Private Wealth, he made a significant mark in the industry by growing the firm into a leader in personalized financial services. In 2023, his strategic foresight led to a successful merger with Midwest Wealth Management, which elevated the firm’s reach and brought the assets under his management to an impressive $800 million. Recognized for his sharp financial insight and client-first philosophy, Ceffalio has consistently ranked among the top 10% of advisors nationwide, a testament to his excellence and dedication.

Born on June 19, 1972, in Chicago to an Italian-American family, he was raised with values of discipline and hard work. He attended Notre Dame High School in Niles, where his involvement in school activities helped foster his leadership skills early on. Drawn to the world of Finance, he pursued higher education at DePaul University, earning a degree in Finance with a minor in Economics. This strong academic foundation paved the way for his career in financial services, where he quickly developed a reputation for crafting strategies that balanced immediate client needs with long-term goals.

Ceffalio’s professional journey reflects a steady rise built on trust, transparency, and results. Founding Providence Private Wealth in 2019 marked a pivotal moment, as he set out to make a firm rooted in tailored solutions for individuals and families. His achievements have not gone unnoticed. He has received accolades such as the Outstanding Achievement in Leadership award from Dreams for Kids, and he has been honored with the prestigious Chairman’s Club recognition from 2020 through 2023. In 2022, Forbes named him among the Best in State financial advisors, further cementing his standing as a leader in the field.

Beyond his professional accomplishments, Richard Ceffalio has also demonstrated a strong commitment to philanthropy and community service. He actively supports organizations such as Catholic Charities, Elevate Life Church, and Toys for Tots, while also dedicating time to initiatives like Meals for the Homeless during Thanksgiving and food pantry drives. His charitable work extends to supporting fire victims in California, participating in Champions in Christ, and contributing through board memberships with the National Kidney Foundation and the Columbian Club of Chicago.

Family and personal life remain central to who he is. Richard lives in Illinois with his wife, Nicole, and their three children. His eldest son has followed his path in financial services, joining New Edge, their family-run firm. Outside his professional commitments, Ceffalio leads an active lifestyle. A fitness enthusiast, he completed three marathons in 2024 and is deeply engaged in weight training and CrossFit. He also finds joy in boating, fishing, and pickleball, and cherishes traveling with his family, with Long Beach being a favorite destination.

Richard Ceffalio’s story is one of vision, leadership, and service. His career achievements, community contributions, and devotion to family paint a portrait of a man whose impact extends well beyond Finance, inspiring both his clients and his community.

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