Rick Maholchic (Managing Director of Capitas Financial & President)

Biography

Rick has worked in the insurance industry for over 30 years. Rick has spent the majority of his career working with banks, wirehouses and independent financial advisors in a consultative sales environment. Before entering the insurance and financial services industry, Rick was an officer in the US Army Field Artillery, attaining the rank of Captain before his honorable discharge in 1989. While in the military, Rick graduated from both the Airborne and Ranger schools and deployed to Panama as part of Operation Just Cause.

In 1992, Rick joined the Hartford, where he achieved the highest production awards for a manager and field consultant. From 2003 - 2010 Rick was Hartford Regional Vice President for California, Hawaii and the Pacific Northwest before becoming a Partner with Pacific Southwest Financial (PSF) and joining the Capitas Financial team. Rick is responsible for the recruitment, training, development and growth of Capitas agencies across the country. The Capitas sales distribution platform supports financial advisors and institutional accounts of Capitas.

Rick has had multiple articles published in The National Underwriter and California Broker. He holds a Criminal Justice degree from San Diego State University and is a Chartered Life Underwriter (CLU) and Chartered Financial Consultant (ChFC). Rick holds the Series 26, 6 and 63 licenses as well as a RIA. Rick plays Golf and Baseball in the Senior League in Southern California and resides in Oak Park with his wife Cheryl. They have two adult daughters.

Pacific Southwest Financial

Pacific Southwest Financial® is an independent financial services firm and partner with Capitas Financial. Formed in 2001, each agency partner started as an independent business owner, not owned by an institution. Collectively, we are one of the largest independent distributors of insurance products, supporting clients, advisors and institutions.

With over $1 Billion in insurance premiums generated by us and our affiliates since 2021, over 800k inforce policies and over $80 Billion of inforce coverage, we understand business owners and what it takes to build wealth. Our Private Wealth Platform is structured to provide objectivity for sophisticated products and programs. An unbiased approach allows our field consultants to provide the right solutions to financial problems and opportunities.

Capitas Financial

Capitas Financial, Inc. is a national organization made up of 16 regional processing centers, 130 point-of-sale professionals and 250-plus back office support specialists who offer a multi-carrier insurance product portfolio, along with unbiased consultative assistance to financial professionals and their clients. Capitas Financial is a national firm, based in Minneapolis, MN with a footprint that includes all 50 states and Puerto Rico. Capitas delivers the strength of a national organization coupled with unrivaled local customer service.