Costello Asset Management, Inc. (Feasterville)

Name: Costello Asset Management, Inc.
Address: 1234 Bridgetown Pike Suite 210, Feasterville, PA, 19053
Telephone: 215 856 9290

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.

Costello Asset Management: assets under management

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 firm manages $130.16 million in discretionary accounts. On average, the discretionary accounts where all decisions are made on behalf of the client hold $225.57 thousand each.

Costello Asset Management has custody of $17.27 million in cash and securities for 31 clients in total but doesn’t act as a qualified custodian.

Investments

The firm invests in exchange traded securities the most. They account for 73% of the total AUM. The second-largest asset type is cash and cash equivalents, which make up 10% of the firm’s portfolio. Investments in government bonds form 8% of the total invested assets.

Fees & Commissions

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. Flat-fee based compensation is the most transparent and the one you can safely predict in advance. These fees don’t include brokerage commissions, interest, taxes, and other account expenses.

What kind of clients Costello Asset Management serves?

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.

Careers at Costello Asset Management, Inc.

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.

Direct owners and executive officers

Name	Entity	Date acquired	Ownership	Employer ID
Robert Francis Costello	President, chief compliance officer	1 Nov 1996	75% - 100%	2145188
Anna Marie Siegmann	Vice-president	1 Nov 1996	Other	4596840
Linda Marie Costello	Secretary & treasurer	1 Dec 2006	Other	5270364
Marvin Barry Roffman	Senior vice president, director of research	1 Jun 2009	Other	402607

Based in Feasterville

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.