Richard Wesselt

Richard Wesselt was born in Norristown, Pennsylvania to a dedicated and loving mother and a disciplined father who served with distinction in the United States Marine Corps.

As such, he was raised with an emphasis on hard work, service, and integrity. Throughout his early education, Richard consistently achieved excellent marks, ranking first in his class from 5th through 12th grade. Also an accomplished athlete, by his senior year in high school, he had become the quarterback for the varsity football team. As his time in high school came to a close, Richard found that he had the grades to attend any post-secondary institution that he wished. After careful thought, he chose the University of Pennsylvania, eventually graduating from its Wharton School of Business in 1989.

Upon entering the professional world, Richard Wesselt obtained his first position with Provident Mutual, where his efforts earned the insurance company’s award for ‘Rookie of the Year.’ A few years later, he was offered a role with another insurance company, Phoenix Home Life, where he led the firm in the number of policies written. This experience inspired him to found his own insurance and fiscal management company.

Wesselt Capital Group was founded in 1997. Over the quarter century since its inception, the company has assisted more than 34,000 people with their insurance needs. Richard cites helping so many people protect their futures, improve their finances, and plan for the unexpected as the most rewarding aspects of his distinguished career. Outside of running his firm, Richard Wesselt has also served on various boards of governors. Throughout his life, Bishop Kenrick High School, Kennedy Kenrick High School, and Pope John Paul High School have been important to him, and he has worked very hard to ensure that their best interests are served. Since 1992, he has raised funds and provided scholarships for these institutions, as well as mentored students.

Inspired by his mentorship experiences, Richard Wesselt is currently moving into a new phase of his career. He is in the process of founding the Wesselt Initiative, a philanthropic and community service-based organization dedicated to creating connections for students and businesses to grow and learn from one another.


News Features

Richard Wesselt Discusses The Philanthropy 50: America’s Top Donors

The Philanthropy 50 is a list of the top donors in the United States and is published annually by The Chronicle of Philanthropy.

Richard Wesselt Launches Website

It is with great anticipation that former insurance industry professional, entrepreneur, and philanthropist Richard Wesselt announces that his new website is now live and ready to welcome visitors.

Richard Wesselt Shares Current Trends That Will Influence Philanthropy

As we move into 2023, experts like Richard Wesselt in Collegeville, PA, understand a few key philanthropic trends worth keeping an eye on.

Richard Wesselt Launches Blog

Veteran insurance executive and philanthropist Richard Wesselt is proud to announce that his new blog is live on the internet, bolstered by two inaugural entries.

Richard Wesselt Shares the Seven Core Principles of Community Engagement

Community engagement is one of the most important aspects of any successful organization.

Richard Wesselt Discusses How To Ensure Your Philanthropic Goals Are Inclusive And Diverse

When it comes to philanthropy, one size does not fit all.

Richard Wesselt is the Subject of a New Interview

It is with great enthusiasm that insurance industry executive, entrepreneur, and philanthropist Richard Wesselt announces that he is the subject of a new, in-depth interview.

Richard Wesselt Discusses Different Types of Philanthropists: What Kind Are You?

When most people think of philanthropy, they think of wealthy individuals writing extensive checks to support their favorite causes.

An In-depth Interview With Richard Wesselt Founder of the Wesselt Initiative

Growing up in Norristown, Pennsylvania, Richard Wesselt excelled in both academics and athletics.

Richard Wesselt’s Guide For Building Trust & Transparency As A Mentor

When entering an industry for the first time, it can be challenging to establish yourself and make a name for yourself. Having guidance from a trusted mentor can help make this process much more manageable.

Why Richard Wesselt Believes Anyone Can Be a Philanthropist

Giving back to the community is a fundamental human instinct. It’s something that most people feel compelled to do, whether it’s through their time, their resources, or both. And while there are many different ways to be philanthropic, one common thread among all philanthropists is the desire to make a difference in the world.

Getting to Know You: Richard Wesselt, Founder of Wesselt Capital Group and the Wesselt Initiative

Richard Wesselt was born in Norristown, Pennsylvania to a dedicated and loving mother and a disciplined father who served with distinction in the United States Marine Corps.


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