Costello Financial Planning provides financial planning, portfolio management for individuals and small businesses, and pension consulting. Financial planning was provided to 101–250 clients last fiscal year.
Costello Financial Planning reports 117 clients. They include 69 individual clients, 40 high-net-worth individuals, and 4 corporations and other businesses. Of its assets, 85.6% ($186M across 540 accounts) are managed with discretion; $31.3M across 20 accounts are not.
| Client type | Clients | Assets |
|---|---|---|
| Individuals (other than HNW) | 59% | 81% |
| High-net-worth individuals | 34% | 8% |
| Pension and profit-sharing plans | 3% | 9% |
| Charitable organizations | <1% | 1% |
| Corporations and other businesses | 3% | 1% |
Client breakdown and activity details
| Client type | Clients | Regulatory AUM | AUM share | Avg. per client |
|---|---|---|---|---|
| Individuals (other than HNW) | 69 | $175M | 80.7% | $2.54M |
| High-net-worth individuals | 40 | $17.1M | 7.9% | $428K |
| Pension and profit-sharing plans | Fewer than 5 | $19.3M | 8.9% | $6.44M |
| Charitable organizations | Fewer than 5 | $2.43M | 1.1% | $2.43M |
| Corporations and other businesses | Fewer than 5 | $3M | 1.4% | $751K |
| Total | 117 | $217M | 100% | — |
- Clients
- 69
- Regulatory AUM
- $175M
- AUM share
- 80.7%
- Avg. per client
- $2.54M
- Clients
- 40
- Regulatory AUM
- $17.1M
- AUM share
- 7.9%
- Avg. per client
- $428K
- Clients
- Fewer than 5
- Regulatory AUM
- $19.3M
- AUM share
- 8.9%
- Avg. per client
- $6.44M
- Clients
- Fewer than 5
- Regulatory AUM
- $2.43M
- AUM share
- 1.1%
- Avg. per client
- $2.43M
- Clients
- Fewer than 5
- Regulatory AUM
- $3M
- AUM share
- 1.4%
- Avg. per client
- $751K
Total
- Clients
- 117
- Regulatory AUM
- $217M
- AUM share
- 100%
- Avg. per client
- —
- Clients outside the U.S.
- 0%
- Clients advised without assets under management last fiscal year
- 0
- Private funds advised
- 0
- Financial planning clients last fiscal year
- 101–250
Costello Financial Planning charges 0.49%–0.99% a year for its Wealth Management Services Fees. The fee is billed in arrears, is negotiable and has a $10,000 annual minimum.
Fee details and sources
Robert Costello owns 50% to 75% of Costello Financial Planning. The leadership team of Costello Financial Planning includes Chief Compliance Officer Paul Costello. It has 2 employees.
Leadership
Paul CostelloChief Compliance Officer, Partner- Robert CostelloPrincipal
Investment adviser representatives
2 representatives listed in the SEC register as of 9 October 2026.
Staff
- 2 employees
- 2 in advisory functions
- 2 state-registered reps
- 2 soliciting firms
- Owns 50% to 75% of Costello Financial Planning, Inc.
Robert Costello
Control person · since March 2015
- Owns 50% to 75% of Costello Financial Planning, Inc.
Paul Costello
since March 2019
Costello Financial Planning’s regulatory assets grew 1.8× from $120M (March 2022) to $217M (July 2026); clients rose from 75 to 117 and employees were 2 in both filings.
Figures from each annual filing
| Filed | Regulatory AUM | Clients | Employees | Offices |
|---|---|---|---|---|
| July 2026 | $217M | 117 | 2 | 3 |
| March 2025 | $168M | 119 | 2 | 3 |
| February 2024 | $140M | 106 | 2 | 3 |
| March 2023 | $116M | 101 | 2 | 4 |
| March 2022 | $120M | 75 | 2 | 4 |
Besides its headquarters, Costello Financial Planning has 2 offices, with 3 listed addresses in Illinois and Vermont.
Illinois · 1 listed address
- 150 N Wacker DR., Chicago
Vermont · 1 listed address
- 44 Catherine, Burlington
Choose a state to see its listed addresses.
Contact and registration details
- Legal name
- Costello Financial Planning, Inc.
- Headquarters
- Not reported
- Phone
- 847-894-2067
- @costello-financial-planning
- SEC file
- 801-122006
- Structure
- Michigan corporation
- Fiscal year end
- December
Costello Financial Planning uses Charles Schwab ($182M) as custodian for its separately managed accounts. Costello Financial Planning does not have custody of client assets.
- Charles SchwabCharles Schwab & Co., Inc. · Westlake, TX · $182M100%
At year end, Costello Financial Planning’s separately managed accounts were mostly in funds (77%) and stocks (14%).
What the accounts hold
- Stocks14%
- Funds77%
- Cash9%
How many clients does Costello Financial Planning have?
Costello Financial Planning has 117 clients and manages $217 million for them, as of July 2026. They include 69 individual clients, 40 high-net-worth individuals, and 4 corporations and other businesses.
Source: Form ADV Part 1A, Items 5.D and 5.F, filed 28 July 2026
What services does Costello Financial Planning offer?
Costello Financial Planning provides financial planning, portfolio management for individuals and small businesses, and pension consulting.
Source: Form ADV Part 1A, Item 5.G, from the SEC's 2 October 2026 data file
How much does Costello Financial Planning charge?
Costello Financial Planning charges 0.49%–0.99% a year for its Wealth Management Services Fees. The fee is billed in arrears, is negotiable and has a $10,000 annual minimum.
Source: COSTELLO FINANCIAL PLANNING - FORM ADV PART 2A, filed 28 July 2026
Which custodians does Costello Financial Planning use?
Costello Financial Planning’s separately managed account assets are held at Charles Schwab & Co., Inc. (Westlake, TX), with $182M. Only custodians holding at least a tenth of those assets are named.
Source: Form ADV Part 1A, Schedule D, Section 5.K.(3), filed 28 July 2026
How many financial advisors does Costello Financial Planning have?
Costello Financial Planning has 2 investment adviser representatives registered with state securities authorities, out of 2 employees, and 2 perform investment advisory functions. None are registered representatives of a broker-dealer or licensed insurance agents.
Source: Form ADV Part 1A, Items 5.A and 5.B, from the SEC's 2 October 2026 data file
What does Costello Financial Planning invest in?
At the end of its last fiscal year, Costello Financial Planning’s separately managed accounts held 77% registered funds (mutual funds, ETFs, BDCs), 14% exchange-traded equities and 9% cash and equivalents.
Source: Form ADV Part 1A, Items 5.K.(1) and 7.B, from the SEC's 2 October 2026 data file
Who owns Costello Financial Planning?
Costello Financial Planning’s direct owners are Robert Costello (50% to 75%) and Paul Costello (50% to 75%).
Source: Form ADV Part 1A, Schedules A and B, filed 28 July 2026
How does Costello Financial Planning get paid?
Costello Financial Planning is paid through a percentage of assets under management and fixed fees. Its Form ADV lists no commissions or performance-based fees among how it is paid.
Source: Form ADV Part 1A, Item 5.E, from the SEC's 2 October 2026 data file
How do I contact Costello Financial Planning?
Its phone number is 847-894-2067. Its website is costellofinancialplanning.com.