{"url":"https://nivawealth.com/firms/costello-financial-planning-175295","iapdUrl":"https://adviserinfo.sec.gov/firm/summary/175295","regulatoryAum":217082647,"crd":"175295","adviserRoster":{"asOf":"2026-10-09","items":[{"crd":"6647682","suffix":null,"lastName":"Costello","firstName":"Paul","middleName":"Desmond"},{"crd":"5907311","suffix":"MR.","lastName":"COSTELLO","firstName":"ROBERT","middleName":"FRANCIS"}],"total":2,"loadedAt":"2026-10-10T00:20:19.761928+00:00","sourceUrl":"https://reports.adviserinfo.sec.gov/reports/CompilationReports/IA_INDVL_Feed_10_09_2026.xml.zip"},"history":[{"filedOn":"2022-03-31","regulatoryAum":120149326,"clients":75,"employees":2,"offices":4},{"filedOn":"2023-03-15","regulatoryAum":115657476,"clients":101,"employees":2,"offices":4},{"filedOn":"2024-02-29","regulatoryAum":139780927,"clients":106,"employees":2,"offices":3},{"filedOn":"2025-03-14","regulatoryAum":168137057,"clients":119,"employees":2,"offices":3},{"filedOn":"2026-07-28","regulatoryAum":217082647,"clients":117,"employees":2,"offices":3}],"secFileNumber":"801-122006","legalName":"Costello Financial Planning, Inc.","displayName":"Costello Financial Planning","slug":"costello-financial-planning-175295","website":"https://costellofinancialplanning.com/","logo":{"src":"https://rmkhnxnbeclogprvkfyl.supabase.co/storage/v1/object/public/firm-logos/175295/22d9e53b90b6ba5d-r1.webp","tone":"light","width":744,"height":200,"sourceUrl":"https://costellofinancialplanning.com/","sourceLabel":"Costello Financial Planning, Inc., website"},"classification":{"segment":"individuals","segmentLabel":"Wealth management","type":"independent_wealth_manager","typeLabel":"RIA","feeDisclosure":"full"},"linkedinUrl":"https://www.linkedin.com/company/costello-financial-planning","founded":null,"organization":"Michigan corporation","fiscalYearEnd":"December","headquarters":{"street":"","city":"","state":"","stateName":"","country":"","postalCode":null},"tradeNames":[],"registration":{"secApproved":"4 August 2021","noticeFilings":null,"latestNoticeFiling":null},"wealthAumPerClient":1764514.2935779816,"staff":{"employees":2,"advisory":2,"brokerDealerReps":0,"insuranceAgents":0,"promoters":2},"aum":{"regulatory":217082647,"discretionary":185773825,"discretionaryAccounts":540,"nonDiscretionary":31308822,"nonDiscretionaryAccounts":20,"wrapProgram":null,"nonUsClientsPct":0,"nonAumClients":0},"clientTypes":[{"label":"Individuals (other than HNW)","clients":69,"regulatoryAum":175221070},{"label":"High-net-worth individuals","clients":40,"regulatoryAum":17110988},{"label":"Pension and profit-sharing plans","clients":3,"fewerThan5":true,"regulatoryAum":19320801},{"label":"Charitable organizations","clients":1,"fewerThan5":true,"regulatoryAum":2426975},{"label":"Corporations and other businesses","clients":4,"fewerThan5":true,"regulatoryAum":3002813}],"feePrograms":[{"role":"main","program":"Wealth Management Services Fees","feeBasis":"range","fee_tiers":null,"sourceUrl":"https://files.adviserinfo.sec.gov/IAPD/Content/Common/crd_iapd_Brochure.aspx?BRCHR_VRSN_ID=1053061","versionId":1053061,"ratePeriod":"annual","fee_billing":"arrears","submittedOn":"2026-07-28","documentName":"COSTELLO FINANCIAL PLANNING - 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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","sourceRef":{"doc":"adv1","section":"employees"}},{"question":"What services does Costello Financial Planning offer?","answer":"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","sourceRef":{"doc":"adv1","section":"employees"}},{"question":"How much does Costello Financial Planning charge?","answer":"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","sourceRef":{"doc":"brochure","section":"fees"}},{"question":"Which custodians does Costello Financial Planning use?","answer":"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","sourceRef":{"doc":"adv1","section":"custodians"}},{"question":"How many financial advisors does Costello Financial Planning have?","answer":"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","sourceRef":{"doc":"adv1","section":"employees"}},{"question":"What does Costello Financial Planning invest in?","answer":"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","sourceRef":{"doc":"adv1","section":"employees"}},{"question":"Who owns Costello Financial Planning?","answer":"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","sourceRef":{"doc":"adv1","section":"scheduleA"}},{"question":"How does Costello Financial Planning get paid?","answer":"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","sourceRef":{"doc":"adv1","section":"employees"}},{"question":"How do I contact Costello Financial Planning?","answer":"Its phone number is 847-894-2067. Its website is costellofinancialplanning.com.","source":"Form ADV Part 1A, Item 1.F, filed 28 July 2026","sourceRef":{"doc":"adv1","section":"offices"}}],"holdings":null,"notice":"Compiled from public SEC Form ADV filings on the dates in `sources`. Facts as filed; not a rating, ranking, or recommendation. Niva is not affiliated with this firm. Disciplinary history is deliberately not included here or on the page; the SEC publishes the complete record at the `iapdUrl` above."}