With heavy hearts, we announce the passing of Lou Ricciardelli, who left this world peacefully on February 5th 2026 at the age of 74, surrounded by the love of his family.

Born on April 7th, 1951, in Queens, New York, Lou lived a life defined by kindness, devotion, and selflessness. He was a committed father, husband, grandfather and friend, and was the steady presence so many people leaned on and looked up to. His love for his family was constant and unconditional.

Lou Ricciardelli lived a remarkable rags-to-riches story that reshaped both Wall Street and New York City’s business culture. Beginning his career in the 1970s as a recruiter, he creatively submitted himself as an applicant to break into the finance world—an unconventional move that launched a transformative career. He went on to invent and build a groundbreaking financial business, prime brokerage, that now generates more than $40 billion annually, leaving a lasting impact on the global finance industry. In 1999, Lou was recognized one of the people who changed global investing. Beyond his professional success, he was a philanthropic force in New York City, dedicating his influence, resources, and leadership to causes that strengthened the city and its institutions. He mentored and supported so many that have gone on to make a huge impact. As his success grew, so did his commitment to giving back. He became deeply involved in philanthropy, serving on the boards of multiple organizations including Answer the Call (NYC Police & Fire Widows' and Children's Benefit Fund), League Education and Treatment Center, Hedge Funds Care and Student Sponsor Partnership and was named an honorary NYPD lieutenant—reflecting his dedication to public service, community, and New York City itself.

Above all, Lou was most proud of his family. He is survived by his wife Karen, daughter Stefanie (husband Jon), son George, son Stephon (wife Crystal), his grandchildren and his sister Harriet. They will carry his love and lessons with them always.

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