Costello Asset Management, Inc. is a large advisory firm based in Feasterville. It manages $130.16 million of regulatory assets for 577 client accounts. It has been registered with the SEC as an adviser since 2009 and has operated in the jurisdictions of Delaware, Florida, New Jersey, Pennsylvania, and Texas.
Costello Asset Management provides portfolio management for individuals and small businesses. It doesn't provide financial planning services to its clients. On top of advisory services, the firm doesn't engage in other business activities.
The assets under management (AUM) of Costello Asset Management, Inc. is $130.16 million, all of which is managed in discretionary accounts. The firm's AUM has grown by 268% since the beginning of its operation, and $109.71 thousand of the total AUM is attributable to clients outside of the United States.
The advisory firm has several streams of revenue. Clients pay Costello Asset Management, Inc. for their services and products based on a percentage of assets under management and fixed fees. Compensation based on assets under management promotes a long-term relationship between a client and the adviser and helps align mutual interests. These fees don’t include brokerage commissions, interest, taxes, and other account expenses.
The firm provides services to individuals, charitable organizations, high net worth individuals, and corporations or other businesses. The largest group of clients of Costello Asset Management is high net worth individuals with 36 clients and $68.65 million of assets under management. Among the 9 most similar advisory firms, Costello Asset Management has the 2nd lowest percentage of high net worth individuals out of all clients.
The amount of regulatory assets under management is $121.34 million for 263 clients that can include trusts, estates, and 401(k) plans and IRAs of individuals and their family members. 1% of the firm’s clients are foreign persons or businesses.
Costello Asset Management doesn't advise any private funds.
The company employs 3 people that are either part- or full-time employees. 100 percent of the employees work as investment advisers or researchers. 3 employees are registered as investment adviser representatives with the state securities authorities.
There are 2 people with the role of looking for and bringing in new clients on behalf of the firm. The firm doesn’t compensate employees in addition to the salary for bringing in new clients. Employees don’t receive compensation from other entities for client referrals.
The principal office where Costello Asset Management, Inc. performs its advisory services is located at 1234 Bridgetown Pike Suite 210, Feasterville, PA 19053, which is also the mailing address of the firm. It doesn’t run an office outside of the United States.
You can reach the main office by calling the phone number 215 856 9290. The normal business hours are 9:00 a.m.-5:00 p.m. on Monday - Friday. You can find more information about the New York firm at costelloassetmanagement.com.